Auto Loan Rates
 
TOOLS
Print PRINT
E-mail EMAIL

Fake it 'Till You Make it - Lamborghini Now Offering 0% Auto Loans

By Ross Edwards
Tuesday, Oct 20 2009 09:33

Have your real estate investments tanked? Lost some money in a ponzi scheme? Worried you’ll have to provide health insurance for the crew of your yacht? In a recession, even the rich need to cut back on expenses. You don’t want to live like a pauper though, do you? Thanks to Lamborghini, there’s an easy way for the rich to live like the ultra-rich. Zero percent financing on a car loan for a new Lamborghini Murcielago.

Not more than you can afford, pal.

Thanks in part to Volkswagen Credit, Lamborghini is offering a couple of financing incentives on 2009 and 2010 Murcielago LP6640 coupes and roadsters. If you have a credit score of 700+, and enough cash to make a 10% down payment, which is about $35,000, Lamborghini will stretch your payments out to 12 years with a 5.99% interest rate. Customers with a credit score of 740+ can score a new Murcielago with 0% financing for 60 months, but will have to make a larger down payment (Lamborghini’s press release doesn’t say how much, so it looks like one of those ‘if you have to ask, you can’t afford it’ situations).

With a 12 year (that’s a full gross of months) car loan at a 5.99% interest rate and the mandatory 10% down payment, the monthly payment on a Murcielago will be just $3,072.30. Lamborghini doesn’t say how much of a down payment is required for the 0% financing incentive, so I’ll go ahead and assume 15%, which is $52,500. At those numbers, you’d have to come up with $4,958.33 each month.

Unfortunately, Lamborghini didn’t include the lower priced Gallardo in this promotion. A 12-year loan on the Gallardo would make it almost attainable, and would probably cause a huge sales jump for the baby Lambo. And what does the world need more than anything right now? That’s right, more gorgeous Italian sports cars on the roads. I know it would make me happy.

 

Photo via gargle.net.


Confused or unsure about some of the car loan terms used in the article? Click here for our Auto Loan Glossary.



Print PRINT E-mail EMAIL

Share/Save/Bookmark

GET A FREE NEW CAR PRICE QUOTE
 
          

Comments

2 comments on this story so far.

Your Name:
Your Email:
URL:
Your Comment:


Comment By: Clark on Wed, Oct 21 2009 at 11:33 AM
That explains my neighbor getting home in a yellow one last night at 11pm with the engine loud as can be...
Comment By: catina on Wed, Oct 21 2009 at 2:14 PM
COOL

56 More News Stories ...