Classic Lamborghini models were relatively inexpensive for a while, but now prices are picking up. A search for the cheapest Lamborghini for sale will literally change on a daily basis depending on what’s for sale. This article explains which Lamborghini model is the cheapest you can expect to find if you have the patience to wait.
There are many people (and I was in this category myself a few years back) who just long to own a Lamborghini. There is something very special about this brand and when someone asks you what car you have and you can say, a Lambo, it just feels great.
You may not know this but the vast majority of people who own supercars do so using finance. In fact, I think the number is somewhere around 80% so just because someone drives a Lamborghini it doesn’t mean they have loads of cash! Of course, sometimes they do – but not always.
You may be surprised as to how little it can cost you to get behind the wheel of a Lamborghini.
The cheapest Lamborghini is currently an early first-generation Gallardo from 2003 or 2004. These are significantly cheaper than other models and won’t be much more in price. Of course, there are costs other than just the initial purchase price to incorporate – find out more inside this article.
What are the choices?
Finding a Lamborghini that is in your budget isn’t a job that’s going to take you too long. It’s not as if they make dozens of different models every few years, Lamborghini manufacturer 2 or 3 different models at any one time, over a period of several years.
Yes, there are obviously different variants of these that come out from time to time, but generally, this is not a difficult job. Let’s take a look at what options we have – I’m not going to mention them all, just the ones you may be considering when looking at getting into the brand.
The Lamborghini Murciélago was produced between 2001 and 2010 and just under 4,100 were manufactured. This was the model that followed the Diablo and has recently become more popular and seen prices starting to rise.
The earlier models were powered by a 6.2 liter, naturally aspirated V12, would get you to 62 mph in 3.8 seconds and has a top speed of 205 mph. It also has those awesome scissor doors that everyone associates with Lamborghini!
As for costs, you’re not going to be able to get one for much less than $170,000 but for a good quality example you’re going to need well over $200,000.
The Lamborghini Gallardo was produced between 2003 and 2013 and is considered by many as the car that saved Lamborghini. Almost 14,000 were sold in total over this time.
In 2008, there was a significant update to the range and the engine was changed to a 5.2 liter, odd-firing V10 (compared to a 5 liter, even firing V10 previously). Capable of 0-62 mph in 3.7 seconds and with a top speed of 202 mph, it hardly seems right to call this the entry-level Lambo but indeed it was.
What separates these entry-level cars from the pro-range (such as the Diablo, Murciélago and now the Aventador) is that these all have scissor doors and a V12, the Gallardo and the Huracán do not.
If you’d like to know a bit more about the background to these scissor doors then take a look at my article here (opens in a new window). The lowest price you’ll be able to get your hands on a Gallardo will be around the $85,000 – $95,000 mark for a 2004 model with 15k to 25k miles on it (which isn’t a lot).
The Lamborghini Huracán replaced the Gallardo in 2014 and is now regarded as the ‘entry-level Lamborghini’, as was the Gallardo. Powered by a 5.2 liter, naturally aspirated V10 with early versions capable of reaching 62 mph in 3.2 seconds and hitting a top speed of 202 mph.
As the Huracán is still being produced we can’t say what will happen with resale values but it is not a car you are likely to make money on over the short term, considering the higher volume of cars that are being produced. The lowest price you’ll be able to get hold of a Huracán for would be around $165,000-$175,000 for a ’14 or ’15 version with ~20,000 miles on the clock.
Which really only leaves us one obvious choice
There is only really one clear contender to the title of ‘Cheapest Lamborghini’ and that is the Lamborghini Gallardo. We need to be a little more specific though as the car was produced over a number of years and has many versions. We are talking about a Gallardo produced between 2003-2007, which is the first generation of Gallardo’s before it was replaced by the LP’s.
What are the advantages and disadvantages of buying an older car?
Many prefer this first-generation Gallardo and this is primarily because of the engine. It may be a slightly smaller size (5 liter vs the later 5.2 liter) but due to the firing order of the engine, the early versions sound different, especially at higher revs than the later versions.
When I say different I actually mean better – well, at least in my opinion! Many people with later cars try and duplicate the sound using custom exhausts, with little success. This first-gen engine has a similar sound to a Formula 1 car! Not that the later versions sound bad in any way, just the first gen sound better.
When you buy any car that is a few years old you know that there’s going to be some things you need to look for. In fact, there are some advantages to doing this as well as disadvantages so let’s have a look at these here.
- If you buy an old car that has been well looked after (with a good service history) then there’s a good chance that a lot of the problems the car has had have been fixed for you! This is great news that can help you keep the servicing costs down.
- There shouldn’t be any more depreciation. This doesn’t happen with all cars but the first generation Gallardo has lost pretty much all the money it is going to. Depreciation is a big factor in how much your car is going to cost you during the length of your ownership and by buying an older classic, you’re removing this.
- Of course, an older car will usually be cheaper than a newer car. This isn’t always the case though. Take the Lamborghini Countach, this car has been an appreciating asset for the last few years now and doesn’t seem like it’s going to stop.
- You can never really know how the car has been driven. Despite regular servicing for all you know the car may have been tracked every weekend.
- There is increased risk as the car gets older things will wear out, on a supercar these worn out things can be costly! Make sure you check the clutch wear as these can be expensive to replace!
How much will the Gallardo cost to buy?
You will be able to buy a Lamborghini Gallardo for around $90k. This will get you a 2004 model with anything from 20,000 to 40,000 miles on the clock. However, you can buy them cheaper if you don’t buy from a garage. In fact, you may even be able to find one for as little as $70k.
If you want to go down this route then make sure you understand the risks and get yourself a decent pre-purchase inspection. Yes, this can cost you up to $1k but it could save you several times more than this. If you’re serious about buying the car then you must consider getting this done.
Here’s some helpful information for anyone wondering if Lamborghinis are overpriced.
How much does the Gallardo cost to run?
You won’t need me to tell you that as an owner of a supercar, the cost of ownership can be quite pricey. But for a car like this, it doesn’t have to cost you the Earth. Don’t forget the below:
- Annual servicing – it’s imperative that you get a car such as this serviced regularly. A regular annual service will cost around $1,500-$2,500 and a major service will most likely cost upwards of $4,500. If you need the clutch replaced then expect to pay around $4,000-$5,000.
- Insurance – too many variables to mention specifics here as your age and experience dramatically impacts this. As a guide, you’ll do well to get insurance for less than $1,500 a year and can easily reach $8,000 if you’re still young.
- Tracker / Immobilizer – your insurer may mandate that you have one but if you don’t, you should get one anyway. If your car gets stolen then the management company can remotely locate and if required, disable your car remotely. Expect to pay around $500 a year, upwards.
- Gas – You won’t be surprised to discover that your 5-liter V10 isn’t the most economical and if you get more than about 18 mpg, you’ll be doing well.
- Finance – not sure why I put this at the bottom, perhaps to try and hide it 🙂 Did you know that the vast majority of supercar owners own their car through finance? You’ll need to find a deposit and will most likely enter into an agreement over around 4 years of repayments followed by a large balloon payment. The only advice I can give you here (having done it myself) is to work out how much you can afford before you start looking and bear in mind all the other costs!
What can possibly go wrong?
Like any used car, you know that things might go wrong. In fact, you almost expect it. With a Gallardo though, when things can go wrong they can be expensive. At some point, the clutch will have to be replaced but hopefully, that’s already been done before you bought it but if not then expect to pay upwards of $4,000.
There are numerous things that can go wrong of course but best to have a slush fund of $1,500 at least every year, just in case. One year, you’re going to need it!
The Lamborghini Gallardo is an awesome car – I should know as I bought one! Not one of the first gen variants but a 2013 LP560-4 in Arancio Borealis (orange). It’s an awesome car but I’m sure I’ll still be paying for the thing when I’m 100! I love the sound the V10 makes but there’s no doubt as far as I’m concerned that the 1st gen sounds better than the 2nd gen!
If you’re wondering whether you can afford a supercar then check out my article. Many people are surprised to learn that after looking at the numbers they can actually buy one for themselves!