Murcie Questions - Depreciation & Warranty

The depreciation curve on a new autombile is the same on a Murci as it is on a Dodge Neon in regards to percentage of depreciation. Only difference is in year 3 or 4 where the Neon continues to become worthless the Murci will hold its ground and only lose a few percent per year.

As for warranties -- 2yr/24k and that's that. Lamborghini has no extended warranties. The only company I know of that offers extended warranties is the one I own -- The Exotic Warranty Company (www.exoticwarranty.com). Note the bias, that I own it.

Hope this helps,

-Ben

 

I would argue that an exotics depreciation depends on the car, and can't be compared to "all cars" ie a 360 spider. It does seem however that once the initial hit is gone, the murci is falling a little slower than say a 550.

 

In looking at 02/03 prices, my estimate would be 21-23% for 2 years. Maybe 13,14 the first,, 9/10 the second.

 

Just an idea... if you want to know what 2-year deprechiation looks (or "smells") like, look at 2002 models.

You seem to be on track. 2003s are listing around $230k-$240k.

It seems 2002 are running at another 10-15% off again, in the $205k-$220k range.

 

As I said, lets take a 215 # for a nice 02. Thats 67k in 2 years. 23%.

 

As they say in the stock market, past performance is not a guarrantee of future performance. What a 04 Murci will be worth 2 or 4 years from new is completely dependant on what a buyer will pay at that time. World events, economic considerations, etc can all serve to effect the value of these cars. Basicly, get ready for the $40K drop the minute you drive it off the lot (new) and hang on for the rest of your ownership. When the time comes to sell, the truth will make itself known. What will be will be. Just enjoy the ride and don't worry about it. If it becomes a big concern then do not buy it. Perhaps your not financially ready for it. Enjoy the ride!

 

Doody, I figure that a 2001 550 Maranello is worth about 67% of sticker. This assumes that the car has had its service and qualifies for the extended warranty program.

Even I can do this one without a calculator -- 33% in three years.

Right now, you can buy 2003 575 F1 Maranellos with less than 5,000 miles for between $195 and $205. These cars had a sticker of $235K.

However, this is deceptive because you can buy brand new 575 F1s for, say, $225k. This is a car with a $245 sticker. This up-front discount, of course, softens the depreciation blow.

The only reason for mentioning all this is not to say that a Maranello is a better deal than a Murcie. Let's face it, all these cars are a bad deal!

Somehow only the 360s have defied the laws of gravity. Every thing else depreciates like keys falling out of a Lear jet.

If if were me, I'd consider either a walk-away lease or a open-end lease with a high residual value of say 70%. At least this way, you know what your nut is on the front end.

But frankly, I'm surprised that a Boston Blueblood like yourself would even mention the topic of money.

Dale

 

Very entertaining. I think 31-33% for 3 years is right on. 14-10-8

 

Doody -- We do write a lot of Murci contracts. I make it a personal policy not to quote price and thus business on message boards that we don't pay some sort of advertising on, so if you want more info just give us a buzz @ 888-748-9666. I'm @ x103.

-Ben

 

If you are basing your next car purchase only on depreciation, buy a Lexus. They seem to hold up well.

If you want a super sports car that gets 100 percent of attention when it is out of the garage, then get a Murcielago.

If you have to count pennies you cannot afford it.

aehaas

PS The Maranello and Murcielago look REAL GOOD together!
PPS The Murcielagos are holding up very well. No major isssues.