So, Lamborghini has just announced a new “Retail Finance Plan” of low-interest loans for the 2009 and 2010 Murcielago LP640 Coupe and Roadster, their most exclusive vehicles on the market. Lambo is partnering with Woodside Credit and Volkswagen Credit Inc. to provide the financing programs through authorized dealers in the U.S.
Wait, you have to get auto loans for these things?
Pietro Frigerio, chief operating officer of Lamborghini’s American operations, said, “The Lamborghini Retail Finance Plan allows enthusiasts to finance one of most exclusive cars on the road at a more competitive rate than ever before.” And who am I do disagree with him?
Lambo says that qualified buyers that have a credit score of 700 or better can get interest rates starting at 5.99%, with a minimum down payment of 10%, and will get low monthly payments and terms of up to 12 years. If your credit score is higher, the deals get better.
OK, that’s all pretty normal car financing stuff, but this is Lamborghini we’re talking about here.
What I find most surprising about this is that people actually have the need to find that sort of financing in the first place. It always seemed to me that if you own a Lambo (or any other exotic) you’re going to be rich enough to just walk into the dealership and write a check for the thing.
Lambo offering financing deals has this odd implication that someone is having breakfast somewhere in America, and will look up to their wife and say, “Hey honey, if these numbers are right, then it looks like we can go with the Murcielago LP640 Coupe rather than then Odyssey minivan!”
Really? Is that the way it works? Are people running the numbers that close that they will go with a Murcielago versus, say an Aston Martin, because Lambo has better financing?
Source: Motor Authority