What Does it Cost to Own & Maintain a Late-Model Lamborghini?
Lamborghini is one of the most dominant supercar brands today with a product offering that includes the Urus, Huracan and soon-to-be-replaced Aventador. There are several variants within these models, and owning any of them is nothing short of a special experience.
There is something magical about firing up the cylinders – whether it’s 12, 10 or 8 like the Urus SUV – and taking a Lamborghini out for a spin. The performance car checks all the boxes – style, drama and performance. A ride in a Lamborghini serves us excitement that pushes you to the edge of delirium every time – the feeling never gets old.
The sticker price acts as a filter at the point of Lamborghini ownership, and we daresay it does keep a lot of people out. Lamborghinis are not cheap, regardless of what entry point you choose to join the Raging Bull family. A Lamborghini Huracan – the baby Lambo – costs about $200,000, and that’s just for the base trim.
Currently, there are six variants of the Huracan, and the Huracan STO, the most potent of the lot, costs $330,000. The Urus, the brand’s only SUV, costs $225,000. Then you have the Aventador. Listings on secondhand markets like Autotrader show prices ranging from $315,000 for a 2016 Aventador to as high as $975,000 for the 2020 Aventador SVJ Roadster!
These six-figure sums do raise important considerations before making the buying decision. Will it be an outright purchase or financing? The latter option, in turn, triggers questions about interest payments which ultimately add to the overall cost of owning a Lamborghini.
It would be madness to drive your Lamborghini off the lot without an active insurance cover. A comprehensive insurance policy is a no-brainer. The insurance journey should always start from shopping around, supercar or not, to get the best deal. Insurance for a supercar isn’t cheap, even if the supercar itself is relatively “inexpensive.” While you may not be buying seven-figure limited editions, you might be surprised by how insurance companies treat these eight, ten, and twelve-cylinder cars.
As mentioned earlier, sample several insurance providers to get the best package in terms of pricing and coverage. Today, online auto insurance brokers like Insurance Navy make it easy to get quotes and compare coverage quickly. We recommend you do this annually, even if you do not own a supercar, as your existing company may not be giving you the best deal.
Lamborghinis are purpose-designed to consistently operate at the limits of performance. It is a huge part of their appeal. However, that also means that a lot can go wrong – and very quickly too – if the cars are not properly maintained. Lamborghinis need high-octane fuel, 93 or higher, to run efficiently, and with a big thirsty engine, fuel costs are definitely a factor in determining the overall running costs.
A 2019 Lamborghini Aventador can gulp $6,600 worth of fuel per year – that’s not cheap. Annual service for your Lamborghini is a must, in addition to routine service that occurs at different times in the year. The bill for a yearly checkup can top $5,000 depending on the Lamborghini model and required services. A set of Lamborghini tires cost between $1,500 – $2,000. That’s not all; the tires are typically made of a softer compound for more grip. They are not like your regular Nissan that will last 40,000 miles.
I once saw someone driving his Lamborghini Huracan on a snowy morning and couldn’t help but admire his blatant disregard for the weather. However, this is an exception rather than the norm, as most people would instead park up their supercars and wait until favourable conditions return.
That’s where winter storage and, of course, the associated costs come into play. Several professional outfits offer winter storage services. It’s much more than just stowing your car in the garage, which is why supercar owners would often pay for someone else to handle the responsibilities on their behalf.
Examples of services provided during storage include keeping the fluids at recommended levels, proper tire care, trickle chargers, a climate-controlled environment and regular cleaning. Winter storage can cost anywhere from $500 to $1,000 per month, depending on the scope of services.
What use is a Lamborghini if it’s not being pushed to the edge? The racetracks provide an opportunity to find the limits of your supercar in a safe and legal manner. However, track days in your Lamborghini require some planning and consideration of the costs involved.
First, there is track insurance that protects your car from damage while it’s out racing or parked in the paddock. A comprehensive package for a fun weekend can cost $3,000. Track day insurance packages do not cover consumables like brake pads and tires. These items get used up fairly rapidly when the car is being driven hard. They will have to be replaced after a track weekend or in between hot laps.
It’s impossible to calculate the ownership costs of a Lamborghini without depreciation. It is, after all, one of the highest single costs of car ownership. Your Lamborghini starts losing value the moment it rolls out of the showroom, and it doesn’t stop there.
According to Caredge, a leading automotive research website, a Lamborghini Aventador will lose as much as 31% of its value over five years, assuming a 12,000-mile average mileage per year.
That means a $320,000 Aventador will shed almost $100,000. For the Huracan, It’s 46% under similar conditions. That translates to a significant amount of money lost during the period of ownership. The effects of depreciation become even more important if the plan is to sell the car eventually.
It’s clear that the cost of owning a Lamborghini is much more than the sticker price and can be pretty hefty over the life of the car. However, it’s also true that most Lamborghini owners are well-heeled individuals who will not lose sleep over a minor issue like an upcoming annual service or how much dent a track weekend is going to make on the size of the wallet.
In any case, it’s easy to forget ‘trivialities’ like ownership costs when you are working through the paddle shifters as you redline your Lamborghini.