IStoSC

I was wasting some time looking for cars I can't afford at the moment and found this:

http://www.cars.com/go/search/detail...5&aff=national

Its a 2006 Gallardo with 72k miles and it is still going for about $95k? Wow really I have never seen any supercar with 72k miles...I give the guy props for using it as a daily driver...

How much do you think this guy dumped into maintaining it for the last four years to actually get up to that mileage? How often does it need oil change / service and how much? Also would any of you buy this...I don't think I would...

nick01

I'd love to buy it and then take it to the guys at Underground Racing to work their magic and completely rebuild the engine. Now you would have one of the fastest cars on the road anywhere.

CDNROCKIES

Write up actually says that it's an '07 even though the title says '06.

Too high mileage, imo for a supercar. Who knows how many of those miles were hard driving or track use.

Something more like this would be my choice:

http://www.autotrader.com/fyc/vdp.js...e&rdpage=thumb

pvmike1

Not a good deal. My friend just sold his 360 Spyder with 28k miles for 75k.

355F1

First off, that car was part of Gotham's RENTAL FLEET. Yup, it was a rental. I rented a brand-new yellow Gallardo Spyder in Beverly Hills in 2009 to compare it to my 355. I think I paid $1700 total for a day and drove it down to Newport for lunch with a buddy.

Secondly, the Gallardos are pretty reliable.

Thirdly, the market for 2004-2005 Gallardo Spyders with average mileage is about $110k. So, I don't see this being a good buy for ANYONE.

355F1

Here's a pic!

<VENOM>

Hard driving and track use on a Gallardo is normal

-J-P-L-

Remember the story about the guy who sold everything to buy a Gallardo and racked up about 95K driving all over the country? He ran into devastating engine trouble at that mileage wasn't able to afford the repairs. That's the highest I've seen. Kinda sad these supercars have the life expectancy of a 1930 Ford.

syzygy

It would be absolutely foolish to purchase a supercar that had been used prior for a rental service company like Gotham Dream Cars.

Gotham Dream Cars is a business, and like all businesses their primary motive is to make a profit. By selling the car now, they're essentially admitting by virtue of the inherent nature of business that the expected revenues from renting out a 72k mile Gallardo do not exceed the net cost of owning the vehicle (cost, in this case, garnering contributions from both depreciation of the vehicle due to increased mileage and maintenance).

Think about that. They charge roughly on the order of $1000 per day to rent out many of these supercars, and clearly they think even that amount isn't enough to supplant the cost of owning the vehicle further.

You would have to be fabulously wealthy to comfortably own such a vehicle, and (at least for me) the point at which I'm wealthy enough to "comfortably" own this vehicle isn't too far from the point at which I'd feel "comfortable" enough to purchase a brand new or slightly used low mileage Lamborghini outright.

The ones salivating at the mouth at the thought of a sub-$100K Lamborghini Gallardo thinking that they'll pay "typical" (for new or low mileage Gallardos) maintenance fees are living a pipe dream.

It's a bad deal by virtue of its own right (high mileage Gallardo). It's even worse given the fact that it's being sold by a supercar rental company, and not just because the car might have been driven hard. In short, the nature of the seller in this case (a business wanting to make profit) should give you a sense for the cost of ownership of such a high mileage Gallardo.

355F1

Guy I know just bought a 2004 Gallardo Coupe for $96k that had 30k miles, which is actually about normal mileage. More owners are actually driving Gallardos and 360s because they are vastly more reliable than previous cars from both manufacturers.

mikez

Under USGAAP, the expense of purchasing cars for business can only be depreciated in 5 years, and not sooner, as of this year, this Gallardo is exactly 5 years old.

It could very well be, that cars that are full depreciated, does not offer as much tax deductibility as the company would like... therefore could make financial sense that the investment of new vehicles, combined with the depreciation over 5 years time, makes more profit than keeping an older car who's income are now 100% taxable.

Either way, I would never buy a rented supercar