I was initially tempted to post this as a bargain :)
http://www.news.com.au/money/money-matters/lamborghini-going…
Lamborhini at HALF PRICE
Comments
Any 10% coupons available? :)
Ask whether Officeworks can price match that!
Is it cheap because it is missing the 'g'?
Remember it's pronounced Gay-Ardo.
I'm not surprised it's fallen in price.
Not only because of the repossession.
Because insecure men are the same people who overcompensate with their car?
Can someone comment about this?
Mr Allen said the vehicles had mainly come from financial institutions and fleet lease companies. "There's an unprecedented amount of repossessions at the auction … there's a good chance for a bargain," he said.
I always wondered who on earth would pay for a $600k car…
Unfortunately often it is people who need to look very successful in order to convince other people how good their investment/business/whatever is.
I would, If i was rolling in the millions lol.
Even IF i could afford it. I doubt I can afford the maintenance and service.
Crap "journalism" that "news" story is basically free advertising for pickles. And the "could well go for half price" statement is to somehow make it newsworthy so it goes for way more than half price due to increased competition.
Annoying title as well "Lamborghini going at half the price" - It's an auction so that statement isn't necessarily true at all.
we get all our car from them very good one time we C-Class Mercedes-Benz 42,000 and BMW for 28,000. i all get cheep small car from there then resell them from time to time. our car never lose vale off make 1,000 to 5,000 on resele them.
huh
Let me try.
We get all our cars from them. They are very good. One time we bought a C-Class Mercedes-Benz for $42,000 and a BMW for $28,000. I get cheap small cars from there, then I resell them from time to time. Our cars never lose value. I often make $1,000 to $5,000 when reselling them.Maybe..?
yet another rubbish article with a lot of key information missing.
"could" - the auction hadn't been held yet.
ALSO, these auctions are held regularly, like bi-weekly. Each time, supercars are available, often getting passed in. You can't just rock up and buy a ferrari for $1 if no-one else bids.
I spent a lot of time there prior to purchasing a car about 2 years ago (i.e. at the height of the GFC) and there still weren't any bargains to be had. Most of the "bargains" were old models that are worth nothing due to massive repair costs, high mileage cars, generally bad condition. The $75,000 "cheap" mercedes probably had 50,000kms on it, or panel damage, or was a horrendous colour combination that no-one in their right mind would purchase.
The reality is that cars like lambos, ferraris etc.. will always take a dive in depreciation as there is only a limited number of people who can genuinely afford them.
(from someone in the auto industry, not a casual observer who buys 2 cars every 10 years)
This Lambo also half price:
http://i.imgur.com/5Ha9z.jpg