It will depend on your credit profile, your equity in the car, your location and your income
rates are vastly different for different buyer profiles
Lamborghini financing rates
Has anyone financed a Lamborghini lately and know what the rates are?
1 - 11 of 11 Posts
rates are vastly different for different buyer profiles
I was talking to some guys at the dealership they other day and they told me they were getting quite a few people at 9% and even had one person up to 10%. That was about a month ago so it's not super up to date. Hope it helps though!
5.79% for 60mo, financed $200,000 on a $235,000 purchase. Good credit, but short history. Local credit union. Financed in April.
Just go Pen Fed, I got 5.34% for 72 months back in April. Lambo quoted me 6.99%.
Lambo FS quote was 6.99% for me as well, received a much lower quote for financing the same amount with BOA. The silly Lambo dealer let go of the sale because I did not want to take on the inhouse financing. I am glad they did not, I found a better car for a better price and hassle free financing from BOA. I also did get the same rate as you did from Penfed.Just go Pen Fed, I got 5.34% for 72 months back in April. Lambo quoted me 6.99%.
Thank you for all the input. I have a great credit and will put more than 30% down on a loaded Tecnica retailing north of $330k. I think the dealers overcharge on financing. I have been BOA customer for more than 30 years. I think I will try them first.
Dealers always overcharge on financing, they actually pocket a part of the percentage. Not sure what the rules are in other countries, but here in the US, specifically my state, they can't charge or impose a pre-payment penalty, so I let dealers charge me whatever finance rate they want, makes it easier to deal on the vehicle (as they think they will be getting their part of the percentage as profit) then walk over to my back/CU (or even just write a check to pay off the loan) and refinance at a much lower rate.
So you take out the loan from the dealer and then refi it? Wouldn't it be much better to just make the deal at the dealer and then at the last minute write a check for the car? Would PenFed or BOA do a cash recapture loan?Dealers always overcharge on financing, they actually pocket a part of the percentage. Not sure what the rules are in other countries, but here in the US, specifically my state, they can't charge or impose a pre-payment penalty, so I let dealers charge me whatever finance rate they want, makes it easier to deal on the vehicle (as they think they will be getting their part of the percentage as profit) then walk over to my back/CU (or even just write a check to pay off the loan) and refinance at a much lower rate.
I suppose you could do that, but I've bought cars that the deal requires you to use dealer financing to get the price. Think like manufacturer programs and such.So you take out the loan from the dealer and then refi it? Wouldn't it be much better to just make the deal at the dealer and then at the last minute write a check for the car? Would PenFed or BOA do a cash recapture loan?
Got it. They are "subsidizing" whatever they feel they are giving away with the premise that they will make it back up on the financing side.I suppose you could do that, but I've bought cars that the deal requires you to use dealer financing to get the price. Think like manufacturer programs and such.
1 - 11 of 11 Posts
Lamborghini Talk
A forum community dedicated to all Lamborghini owners and enthusiasts. Come join the discussion about performance, options, modifications, classifieds, troubleshooting, production builds, and more!
Full Forum Listing
Explore Our Forums
Top Contributors this Month
View All
Lambo8888
134 Replies
Sakura
132 Replies
AngelOfMurci
131 Replies
Recommended Communities
