Something went wrong, ordered a Mustang, yet ended up in a British hotrod, I blame OcUK!

You seem to be talking yourself in to buying a Lambo. :D

When are you driving some options?

Already driven GT3 RS, GT3 and Huracan, but on track, also driven a GT3 on road.
Lamborghini have invited me down to drive, told them I shall wait for the snow to melt and things warm up a little.

I am also booking 458, 570S and GT3 to drive at Oulton Park, shall then also drive every car on the road as I do love the 458 and it is also rated as safest buy depreciation wise, potentially losing nothing and this is a firm favourite:
https://www.autotrader.co.uk/classi...price-asc&radius=1500&postcode=st150gp&page=5


Plan is:
- Advertise SVR in next few days.
- Test drive all cars next month and in March.
- Sell SVR in March
- Look at making a purchase end of March or end of April or if financials suggest wait until later in year.
 
I have probably forgotten someone so apologies, but if you were to go for a 458 would that be the first Ferrari in the Overclockers staff car park since the days of Spie ?

It would indeed I think, not that really matters to me. Don't think Mark ever did Lamborghini he was more a Ferrari man.

Just got numbers back on a Performante:

202k car
72k down (I would put 90k down anyway, so be under £550 per month and save interest!)
128k balloon

£650 per month, 4.8% APR, over 100k borrowing puts me in a lower rate, base is around 2.5% so the Performante is easily affordable monthly and would cost me less to run, no mods needed, no extended warranties, only question is service cost and of course depreciation.

A 130-140k Huracan will probably not go under 110k, probably hold above 120k. Whereas a Performante worse case 150-160k, so 40-50k loss, but on flip side it could hold its money and sit in 185-205k region or it could explode.

The lender is very flexible, when the 128k balloon is due they are happy to give car back to Lamborghini but they will give 20k under sell price as that is there typical profit in a flagship used car, or I can notify them 2-3 months before final payment and sell car privately or I can re-finance the final payment with them over a typical say 5-7yr period at around 5% APR, not as good as bank or mortgage rates, so just under £2000 a month. If I did love the car then of course I'd make regular over payments so when final settlement figure did come it was more like 75k and not 128k at which point were at a easier and more manageable £1250 or less per month.

So the finances are sorted, just sell SVR, watch the market, drive the cars, make my decision. :)
 
He was always a big fan of Lamborghini and was so close to pulling the trigger on a Murcielago instead of the 599. His favorite car of all time was the Miura.

The problem was to fit inside the car they were going to mount the seat rails 2 inches lower to accommodate for his headroom. The factory agreed to do this for him but he then went back to Ferrari as they were the "classier" option. Also he often drove around Europe and the 599 is far better suited to that especially in regards to luggage.

When the Aventador was released he tried to go down the same route as the outgoing car but sadly Lamborghini could not make the changes due to air bag positioning. So he kept the 599, which we still have.


Never sell that 599 man, its your old mans car, treasure it forever! :)
Yes Lamborghini are severely restricted for taller people, the Huracan might give you issues as with a helmet on I did in some corners hit my head, but on the plus side it was also good for resting my head against the roofline.
Yes Lamborghini seem to have zero baggage space.

They design on looks first, performance second, interior third and the last thing they think of is can a person fit in this. :D
 
I'm sure you must experience so many mixed emotions whenever you see / drive it, I'm taking it as a given that your now fiscally secure so the need to sell won't arise.

Keep it, treasure it, let it be a part of your ol' man that will stay with you.

OC/UK will always be Mark's legacy but let the 599 be your own lasting tribute.

(Not sure if thats coming across right, I hope you get my sentiment.)


I am sure Nath does, I agree never let that car go, I'd get it properly fully paint corrected and valeted, though knowing Mark I bet it is absolutely perfection, so just place it in an air bubble, or even better do your old man a great duty and enjoy it like he did. :)


A question for those better with PCP.


This is not final numbers, but the finance company have essentially improved their offer and are ready when I am.

I have two options (these numbers purely example):

Option 1 (Oracle) or DSG: Typical PCP so I gain equity in the car:
Car purchase price: £140,000
Customer Deposit: £70,000
24 monthly payments of: £937.90 (£22,509.60)
Final payment: £55,000
Total amount repayable: £147,509.60 (£7509.60 interest @ 5.9% APR)

Advantage: Equity been built in car over term and lower final balloon.
Dis-advantage: Over payments can only be used to reduce monthly payment amount, thus impacting interest saved (rebate) the least amount. You cannot reduce balloon or term, so at best could probably get total interest paid down to around £6500


Option 2 (Magnitude): Interest ONLY PCP
Car purchase price: £140,000
Customer Deposit: £70,000
25 monthly payments of: £295 (£7375)
Final payment: £70,100
Total amount repayable: £147,500 (£7500 interest @ 5.0% APR)

Advantage: Lower monthly payment, more flexibility with over payments, you can reduce balloon, term and monthly payment, can over pay by upto £8000 per year with no charge. So a greater interest rebate by doing so and further reduces monthly payment. More re-finance options at end term for final balloon, hand car back, sell privately, re-finance balloon with traditional 5yr loan.
Dis-advantage: No further equity in purchase unless you over pay. Higher final payment if you make no over payments.


In short both types result in the same amount of money repaid.
They make you feel like your getting a better deal on interest only due to lower monthly and of course the lower APR, but reality is because the final balloon is higher it essentially offers no saving, they are gambling on you won't make overpayments.

Speaking to them, they can probably get traditional PCP APR down towards 5.4-5.6% which would drop the total interest paid to around £7000. The interest free they feel they can get down towards 4.8% APR so again about £7000.


To me the interest only option makes a lot of sense as I can then probably overpay by around 15-20k per year, shall find out the charge for exceeding £8000 per year but think it was just an admin fee, no doubt to offset some of the lost interest rebate by doing so.

I think by putting in a larger deposit and some over payments I can keep the interest charged under £5000 which I'd be very happy with on a 150k purchase (upto 70k borrowed). :)
 
Take the interest only option, pay off the first 8k as soon as you can which knocks you down to just under 6k interest.


What I am thinking, smash in an 8k over payment in first months, then following year, same again, bring the balloon down to 54k, monthly probably around £270 area and total interest £5500 area. Then save and pay balloon at end and own the car.
Am thinking regular Huracan, maybe trying to get into a Performante is just greedy and would leave me nowhere to go, in 2-3yr time Performante will either be cheaper, same or exploded in which case EVO's will be around 170-190k no doubt and could just move into one of those or something from another brand.

Confused though by some Huracan's have sport exhaust and Lamborghini seem to offer a race exhaust in aftermarket claiming 5% more power and torque and 10% lighter. So I guess a stock car is loud, sport one is very loud and the race is just plain stupid? :D

Or just don't care then fit this:
https://www.fabspeed.com/lamborghini-huracan-valvetronic-supersport-x-pipe-exhaust-system/

650HP crank, would have to clear it with Lambo but from my brief conversation and talking to owners they are fine, supposedly for one owner they even flashed his 580-2 to the 610-4 map FOC, seem a bit like Ferrari they don't mind exhaust mods.


I imagine so...it just looks rather out of place.

Huracan-Cupholder-94080.jpg


$1000, LOL!
OK I just take a passenger, they can hold the drinks. :D
 
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Yeah, trouble is they are all early models falling out of the 4 year warranty now, so hopefully a couple of revisions later will see 2-3 year old cars fall to that price so there’s some warranty left

They are also 30k plus miles, cheapest one at moment is 127k with 41,000 miles, car itself looks not so bad, but I don't want anything over 20k miles, I am looking closer to 10k miles, simply for residuals, however this does kind of prove if you can drop 150k on a 10k mile 2015/16 car that in 2yr and with 30k miles expect to get 120-125k if market remains similar to now, less if things worsen, more if things pick up.

After doing a lot of research:
2014 - 2015 610-4's do have what reviewers call understeer, well most reviewers, Jethro called a few out on this stated nonsense, learn how to drive or stop been funded by Ferrari. After speaking to owners with early cars they stated understeer is not an issue on road, but it can be felt on track, however the car GEO can be fully setup.
2016 - 610-4 had an update to the AWD to make it more neutral in Strada mode, I also think they tweaked sport/corsa modes, also LP580-2 was released. Possible revision to mag ride, 580-2 got updated system, not sure if 610-4 was updated/changed. New options, cup holders, some extra leather, sport exhaust option. Race exhaust from Lamborghini direct is £6499 fitted if they like you, 11HP gain, 10kg saving. Official product, covered by warranty, though I am told they will also fit or allow you to fit aftermarket without warranty implications. Those can gain around 30HP!


In a perfect world getting into an MY16 model car has some updates, cheapest ones are 150k in boring colours, 160k for better colours, but at this point I am thinking, well that will be 120-140k in a couple of years, might as well drop another 40k and grab a Performante at this point, probably similar depreciation curve but chance of upside on Performante.

So a 2015 car, around 140k, around 10k miles in a pearl colour with LDS, Mag, Cameras, Senors, bluetooth, NAV, Suede would be an exceptional buy. The purist may cry for none LDS car, I'd still grab one if I can, but LDS/Mag/Lift is a must have for most.
Any car purchased from Lamborghini even ones out of 4yr, get 12 months, you can then extend that at end of 12 months, cost circa £3500 per year.




Yeah I'd look at paying it off or refinancing it. The reason I was going to wait 3 years was so that I could probably buy one outright, banking on them being around the 120k-130k mark then. But with these figures, it could change that a bit...in terms of waiting

I'm obviously not going to rush in to anything, but it's reassuring to know just how accessible my dream car is

EDIT - Just realised you were talking to Gibbo :p oops!



Yes the argument, only buy what you can afford, well its hard to save money, too many temptations along the way, but having a large cash deposit allows you to get in, not pay much interest and get what you want now.

Have a chat with Magnitude, there are people buying these 150k cars with like just 25-50k deposits, even they won't advice that too much due to risk of negative equity at end of term and will generally not allow it, I will probably put 80-90k down and then over pay 3-6 months later, thus dropping that monthly payment down towards £200 a month, which in short allows me to save that 50k over next two years and pay it off, unless of course I just pull from shares/savings and pay it off sooner, but that is a different story as my portfolio is not worth as much as it once was, I am not at a loss though which is good.

On the flip side, I've also been told by Lamborghini if they have car I like, but say it has black wheels, black exhaust, that is something they would happily change back to silver as exhaust are just tips, so interchangeable and I guess they'd just throw another set of wheels on or paint them, still it is good to know.

For me ideally I'd want 2016 Verde green, no LDS, under 10k miles, suede, silver wheels, silver tips for around 150k, but that is a stretch, more likely to be 160 region but I will push hard, buyers market.

Or find a 2014/15, same spec, take LDS if no option, under 20k miles but also under 140k, ideally 135k, put in 85k, 50k finance, overpay 8k and your at £200 a month for a Huracan and 42k balloon, easy to cover that at end of term.
 
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This video explains the options very well, Magnitude are also the supplier I am working with.



In short, big deposit, good salary they can pretty much get you into anything!
 
Interesting video, thanks for sharing. I wonder how they treat self employed tax dodgers classy citizens such as myself and @Steedie

Speak to Oracle they have a good package for self employed and directors, around 6% APR but typical PCP but has more over payment options, they offered it me, but the interest free option for me is the best, least interest paid and it might sound tight but I want to limit the amount of money some finance company earns on my purchase more so than anything else, I always just focus on the total price including everything and to get that as low as possible.
 
True, I've not kept many cars more than a year, but then I haven't had any really nice cars.

I need to get out of the habit of hanging onto cars, I love the SVR it’s amazing and will be hard to beat, Jaguar should have sold way more but they did not because of badge and brand image. A shame really as it’s an incredible all rounder not many cars with 600HP can you drive properly hard in 1c wet weather, put all the power down and slide of roundabouts with ease and control, it might be a bit dated technology and suspension wise but in many ways it’s all the better for it from a drivers point of view as way more feel and more fun.

But I want to try nice things because we don’t know what tomorrow brings so if I’m in a position to do so then it makes sense to do so. :)
 
It’s a nice way to look at it. If you can do it then why not eh?

I wanted to ask though, have you ever had a car you really wanted but then feel somewhat let down for it to not turn out as you imagined it to be?

The last Mustang was ace but the handling seemed a bit not so predictable at times whereas my Saleen though a live axle had a real on rails handling feel. So as much as I loved last Mustang the handling was never where I wanted it and the manual was kind of annoying in it but on same token the auto version was craaaaap lol.

I’d say SVR is most rounded sorted car yet!
Saleen was most thrilling and a real occasion and the 911 the most ultimate in handling and precision. M3 hooligans!
 
I thought your limit was max 130k only a week ago?

Getting a bit boring now, boy who cried wolf scenario almost.

You have a nice car already. Be happy with it and post a thread when you get a new one.

We don’t need a blow by blow account of a specific set of financial circumstances and moon alignment which will allow you to buy it.

Max was 130-150k to be comfortable based on regular PCP deal so 70-90k down and 40-60k finance on a 2yr deal.

Then I was introduced to interest only options something I was none the wiser.

As such upto 250k is ok but is limit myself at 200k.

Shared the numbers as others like to understand and know how’s it’s done as can be seen by some replies.

That’s why and I guess if you don’t like then sorry but also tough luck at same time.
 
Yeah couldn't agree more. Car related stuff seems okay but banging on about your holiday and posting pics of your new missus is cringe. I personally don't mind about about hearing how people are financing their car. If I learn something then that's a positive for me, for example I didn't know about interest only format of repayment for car purchases. Gives you a good idea of total costs etc. More helpful than the crap such as I'm in an xyz for £300pcm which means nothing. At least it's all kept in one thread too.

Back on topic, fair play to you. You're enjoying life and if you can afford it then seems you can get yourself into something pretty epic. Head over heart thoughts however with rerards to interest only would be that the final payment is quite big. Can you be certain that you could afford this. Any redundancy in these plans if anything unexpected happened?



I don’t post pics of my Mrs and I don’t post pics of my hotels or holidays here!

I work hard I play hard and if redundancy happen I’ve got cash and assets to fall back on. :)
 
Good video that, very informative. Seems like that if you can show commitment to the purchase either good background or strong deposit you've got quite a bit of flexibility.



Wasn't referring to you! ;)


I’m in a hotel now with the Mrs and long weekend away, but sorry your getting no pictures but it’s nothing exciting. :p

I merely shared because I was shocked when I discovered said option and thought I’d share how it’s done.

I was fortunate with the SVR I’ve had a good year so been able to pay it off earlier than expected and well as great as it is I do want to try some other cars whilst I still can as we never know what tomorrow brings.
 
I remember going for a passenger ride in your evo at one of the meets. Never been so terrified at how quickly you were going in to corners, on a damp day, yet at the same time completely reassured by how planted that car felt.

Sure you don’t class it in the same league as some of those you just mentioned, but I thought that was a brilliant car as well


EVO X was truly awesome and very confident inspiring and the SVR is as good in dry and just as capable in the wet but in the wet you can feel the additional 300kg or there abouts.

But the SVR feels rear driven so does skids, makes insane noise and is in another dimension acceleration wise and quality wise but the EVO was probably the most confident inspiring car to drive very hard in poor conditions I’ve ever owned even better than Golf R. :)

EVO X would be a good purchase now but nicer ones already moving up in value.
 
I remember going for a passenger ride in your evo at one of the meets. Never been so terrified at how quickly you were going in to corners, on a damp day, yet at the same time completely reassured by how planted that car felt.

Sure you don’t class it in the same league as some of those you just mentioned, but I thought that was a brilliant car as well


EVO X was truly awesome and very confident inspiring and the SVR is as good in dry and just as capable in the wet but in the wet you can feel the additional 300kg or there abouts.

But the SVR feels rear driven so does skids, makes insane noise and is in another dimension acceleration wise and quality wise but the EVO was probably the most confident inspiring car to drive very hard in poor conditions I’ve ever owned even better than Golf R. :)

EVO X would be a good purchase now but nicer ones already moving up in value.
 
It’s a weird phenomenon.

All of a sudden everyone is like ‘yes finance!’. On another thread people were having a go because I choose to finance a car I want (completely unrelated to the actual thread).

I feel like the 458 is a better bet depreciation wise, though I do like the V10.

I also saw the Huracan spider link on the last few pages. They look amazing but sadly I don’t fit in terms of leg room - you lose so much of it with the soft top, I could just about sit in it but it wasn’t comfortable where the pedals were.


458 is not dismissed but a few owners have warned me though reliable that they typically cost 5-10k per year to service with a warranty simply because of none service items needing replacing typically that cost extra so is something to budget for upto 10k year in service and repairs that warranty won’t cover.

I’d love a Spyder but the soft top kills it for me if they were metal hard tops that looked like coupe when closed I’d probably go for one but just dislike a soft top when it’s up which is a large percentage of the time.
 
**** that mate :eek:

Kind of my thinking because these are owners who don’t use as a daily and I’d be driving it daily so a good chance of needing that service/repair bill budget. Could get lucky and it not cost a penny but I’d hate to be driving a car that I thought felt fragile.

It’s also why a GT3 is the most sensible choice as modern ones super reliable and servicing is good price for type of car.

If it was not Lambo because of well Lambo and the emotion and fun and grin factor a GT3 would be easy choice due to their driving excellence but also a GT3 on the road is maybe a tad annoying to use as 7500rpm plus in 2nd is breaking speed limit.
 
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