Have you always fantasized about driving an exotic Italian car, flaunting your enviable financial status as you cruise by in a blur of tangerine or lime? It doesn't have to be a daydream, nor does it require the hassle of a long-term investment. Lamborghini is now offering leases for the first time, opening up a new level of decadence to those with plenty of cash but a fear of commitment.
Lamborghini dealerships historically took a "if you have to ask, you can't afford it" approach -- traditional financing was available, but they were only interested in selling the cars outright. The lease program was recently developed in response to customer request, so Lamborghini partnered with a company that specializes in leasing exclusive, luxury and exotic cars.
Only the four Gallardo models are eligible for leasing, but that still offers a lot of flexibility -- right now, you can choose from your dealer's available 2010 and 2011 specimens of the LP560-4 Coupe, LP560-4 Spyder, LP570-4 Superleggera and the LP550-2, which is rear-wheel-drive. Since the Aventador's a strong seller and supply is extremely limited, they aren't subject to any fancy financing deals. The Murcielago has been retired, so even if your local dealer's got one or two hanging around, they're off limits for leasing. And the Gallardo is on its way out, too, so this may be your last chance to take one on its maiden voyage.
So how much does it cost to live the dream? Leasing a Lamborghini, depending on your location and the model you choose, starts at about $2,700 per month.
The DuPont Registry notes, leasing "takes the stress out of the ownership and maintenance" of a Lambo -- assuming you can still sleep at night when your monthly payment deadline approaches. Think you can swing it? Keep reading to find out how to land a true Italian exotic in your driveway.
How do you lease a Lamborghini?
According to the DuPont Registry, there are "several" sources available for those in the position to lease a Lambo, but all roads appear to head in the same direction: Premier Financial Services. Even though Premier usually works directly with customers on a wide variety of specialty cars, they're the exclusive official financier for Lamborghini -- so you can go to a Lamborghini dealership and talk to its sales staff instead of contacting Premier independently. The dealer's sales department will determine if you're eligible for a lease (don't bother embellishing your situation -- all your financial secrets will be laid bare) and, if your credit check passes muster, you can sign away, grab your new car keys and drive to your heart's content. Well, sort of.
The lease term is 27 months and includes just 3,500 miles (5,633 kilometers) per year (or 67 precious miles (107.8 kilometers) per week -- so you'd better hold on to your daily driver). While many car leases are structured so that you might actually pay off the residual (an amount written into the lease paperwork that you pay if you decide to keep the car at the end of the lease), it seems like no one really expects that with a Lamborghini leasing agreement. DuPont Registry likens the arrangement to a long-term rental with a monthly fee -- even though the leasing industry generally avoids such verbiage.
Like any car-leasing experience, more car will set you back more cash. Don't set your new budget in stone based on these numbers, since they can vary somewhat based on location and taxes, but Premier says national average monthly payments are as follows [source: 0-60 Magazine]:
- $2,732 per month for a LP550-2
- $3,317 per month for a LP570-4 Superleggera
- $3,484 per month for a LP560-4 Spyder
Oh, and there's just one more caveat: the specifics of this leasing offer were only available through the end of March of 2011. But since Lamborghini called this a pilot program, perhaps the opportunity will be available someday down the road.
The next page has links to some additional useful information about car financing and those ever-elusive exotics.
- Top 5 Speeds Clocked on the Autobahn
- 5 Unusual Auto Races
- Car Smarts: Exotic Cars
- How the KTM X-Bow Works
- How the Porsche 917 Works
- How the Ferrari FF Works
- How the Enzo Ferrari Works
- How the Ford Shelby Mustang GT 500 Works
- How the Veritas RS III Hybrid Will Work
- How long does it take to build a Ferrari?
- What's the fastest car in the world?
- Why did the 1966 Shelby Cobra 427 Super Snake sell for $5.5 million?
- 0-60 Magazine. "Wanna Lease a Lamborghini Gallardo? Now You Can!" March 2011. (March 18, 2011)http://www.0-60mag.com/news/2011/03/cars-wanna-lease-a-lamborghini-gallardo/
- DuPont Registry. (March 18, 2011)http://www.dupontregistry.com/autos/sitemap/sm-lamborghini-leasing.aspx
- Joseph, Noah. "Lamborghini Gallardo Now Available For Lease." Luxist. March 10, 2011. (March 19, 2011)http://www.luxist.com/2011/03/10/lamborghini-gallardo-now-available-for-lease/
- Premier Financial Services. (March 18, 2011)http://www.premierfinancialservices.com/
- Vijayenthiran, Viknesh. "Lamborghini Offers New Lease Program For Gallardo Range." Motor Authority. March 8, 2011. (March 18, 2011)http://www.motorauthority.com/blog/1056458_lamborghini-offers-new-lease-program-for-gallardo-range