Early Gallardos have plummeted in value, but how much lower can they go?
The Lamborghini Gallardo was in production for a long time. From 2004 to 2014, more than 14,000 Gallardos were built, making it the best selling Lamborghini of all time. The Gallardo was updated throughout its life, and its changing price tag reflects that. The Gallardo cost $167,000 back in 2004 but rose to over $200,000 for an AWD model by 2014. The Gallardo was a huge money maker for Lamborghini, but because the company built so many we wonder what will happen to the value of the older cars as time goes on.
Right now you can find 2004 to 2007 models for less than $100,000. These are the ones with the older 5.0-liter V10 and the pre-facelift front end. These early Gallardos were very different than the later models, as Matt Farah points out in this video.
The least expensive Gallardo that we could find was a 2004 model with 30,000 miles on it. The car is listed for sale by Dynamic Auto Group in Newark, New Jersey, for $67,995. The car is painted in the Gallardo's signature yellow, but there are suspiciously no pictures. It is amazing to think that you can buy a Lamborghini around the same price as a new BMW M3 (maybe). However, is buying a cheap Gallardo really a good idea? You would think that Lamborghinis would tend to be well-maintained by wealthy owners, but when you start to look for the least expensive Gallardos you run into some cars that haven't lived the nicest lives. We don't have to tell you that Lamborghini maintenance can cost a fortune.
Because the Gallardo is starting to get so cheap, it has become the ideal car for exotic rental car companies. Gotham Dream Cars even bought a wrecked Gallardo just to take parts off of it.
A Gallardo does come with a Lamborghini badge, but trust us, driving one of the early models really doesn't give you that much pleasure. I had the opportunity to get behind the wheel of a 2005 convertible model with the E-Gear transmission and couldn't justify spending around $80,000 on it. The gated-manual transmission may make the driving experience more interesting, but the single-clutch semi-automatic transmission leaves a lot to be desired. Perhaps the Gallardo will continue to fall in value. If in another five years the Gallardo starts to hit the $40,000-$50,000 range, we might start to change our tune.