How to Afford a Lamborghini (Ultimate 2022 Guide)

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By Forrest | Last Updated: August 16, 2022

Many people have long associated the slick, stylish form of a Lamborghini with wealth and success but very few people can afford a Lamborghini.

However, you can't let the money get you down. You don't have to be a trust fund baby to afford a Lamborghini!

To afford a Lamborghini, you will have to do away with the typical thinking of normal people.

In this post, I'll explore how to afford a Lamborghini, some tips to invest and make extra cash so you can easily afford the vehicle of your dreams, and much more. Let's get started!

Affording a Lambo

Consider Your Salary

In any significant purchase, money will obviously be the most vital factor.

Most people would not dare to consider buying something they could not afford!

Cars are no exception to this, especially exotic cars.

If you are considering an exotic car, such as a Lamborghini, your annual salary should be high in the first place.

Financial experts claim that your car should cost less than half of your annual salary, especially when outright purchasing your vehicle. This advice goes double for an exotic car.

For example, if you currently make $60,000 each year – it's wise to purchase a vehicle that costs $30,000 or less.

When financing a car, whether through a loan through your bank or dealer financing, your monthly payments should be no more than 15% of your monthly pay.

These numbers add up quickly.

If you want to afford one of the more famous Lamborghini models, such as the Lamborghini Huracan with a price tag starting at over $200,000, you must take home at least $412,590 per year to fit in these numbers.

If you want to finance your Lamborghini, then by using the same Lamborghini Huracan model, you will need to pay no more than $5157.37 per month, taking home just shy of $30,000 per month.

When you consider that your car is a depreciating asset, you will likely want to buy the cheapest one possible- and these numbers already pertain to a cheaper Huracan!

These numbers are quite high for most people, and that price tag can make the dream of buying a Lamborghini seem impossible. However finding a job that pays $300k or more can help you reach your goal.

However, if you have a mind for business, then buying a Lamborghini is only a matter of wealth-building and patience!

No matter what your goals are for your Lamborghini, whether you want to finance or purchase your new supercar, you're going to need to make some smart financial moves.

Invest in the Stock Market

Invest Wisely

Investments are one of the easiest ways to build up your income so you can afford the car of your dreams.

But with so many options, it can seem overwhelming. Below are a few great investment options to make passive income!

Real Estate Investing

One of the easiest ways to start investing in real estate is through a crowdfunding platform like Fundrise.

This platform allows you to invest in investment properties across the country with as little as $10 – making it a viable option for any investor big or small.

The average return on real estate investments like Fundrise are around 7% to 12% each year but this number will rise every year thanks to compounding returns.

As a bonus, new investors will get $10 free to invest, so why not give it a try?

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Another increasingly-popular form of investment is a rental property.

With the housing market increasingly disfavoring residents and incentivizing rentals, there has never been a better time to become a landlord.

Unfortunately, houses are expensive; in many cases, they can be just as expensive as a Lamborghini, if not more.

Luckily, this is exactly why banks offer loans- you may opt to take out a mortgage to the tune of $200,000 to finance your new acquisition.

Of course, you will first need to afford a down payment on the home which will be around 20%, but once you have put the money down, you are well on your way to a Lamborghini.

You may think, “How does taking out a mortgage help me afford a Lamborghini? With the same loan, I could simply buy a Lamborghini outright!”

You would be correct- that amount of money could certainly net you a new Lamborghini! However, you must consider the return on investment.

Both Lamborghinis and rental properties will require a down payment and regular maintenance costs.

In a Lamborghini's case, these maintenance costs may include auto insurance, oil changes, annual service, and new tires.

Due to the low mileage nature of these cars, your maintenance costs will be high, and you will not likely be offsetting them with any profit.

Rental properties, however, generate income that offsets your maintenance costs while providing a profit.

This financial aspect makes a rental property into an investment rather than a simple purchase, making the mortgage a better immediate option than a Lamborghini.

Utilizing one or more rental properties can give your wealth a massive boost, making it easier to afford a Lamborghini.

Not sure if you're ready to purchase a rental property? Check out my rental property vs Fundrise comparison to see which is better for you!

Invest in the Stock Market with Acorns

Stock Market

Another great way to invest is in the stock market through index funds.

By using a platform like Acorns, you can invest in the stock market with as little as $5.

The average return of ETFs and many index funds is around 7% to 10% annually, which means it can take around 7 years to double your money

As a bonus, you'll get $10 free when you open a new account!

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Entrepreneurship

You may think that entrepreneurship and investments go hand in hand, and you would be right!

However, they are two sides of the same coin. They are similar yet different.

With entrepreneurship, you are running a business more than managing investments.

One of the best ways to afford a Lamborghini is to start your own business.

By owning a business in any field that you feel comfortable or excel in, you poise yourself to make a lot of money.

Even if you do not crack the $400,000-per-year mark, you will find it remarkably simple to save up your money and build up a safety net for your vehicle purchase.

This safety net will help you truly afford a Lamborghini rather than just having the money to buy one.

Remember, being able to afford something means that purchasing it will not break your bank or significantly set back your financials.

If the profits of your business can outmatch its running costs, such as overhead or unexpected expenses, then you are well on your way to buying a Lamborghini!

If you truly want to buy a Lamborghini, your best bet will be to mix these two methods.

You will want to start a business as well as invest in income producing assets; the more you own, the more you will make.

Ways to Afford a Lambo

The Three Ways To Afford A Lamborghini

As with most things in life, there are multiple ways to go about anything.

When it comes to ways to afford a Lamborghini, there are only three ways to go about it: financing your dream car, leasing it, or purchasing it outright.

Due to normal people's different financial capabilities and desires, the method that works best for you may not work best for somebody else.

Finance Your Lambo

Most people, save for the super rich, will choose to finance their exotic cars rather than save up enough money to purchase them straight from the dealership.

Financing, rather than outright purchasing, will often cost much more in the long run but prevents your wallet from taking a massive hit right off the bat.

Many finance options are available for a Lambo, with many dealers partnering with financial institutions such as banks to offer financing programs.

With these finance programs, you can make payments on any car for anywhere from 4 to 6 years after putting a 10% to 20% down payment.

For a Lamborghini, this down payment can range anywhere from $16,000 to over $40,000, and you will have several years to pay the remaining amount.

The main issue to beware of when financing your Lamborghini through a dealer is that your dealer will recommend financing so that they can profit off of your loan.

Any car dealer will refer your business to lenders and recommend longer loan terms, especially for customers with poor credit.

If a customer elects to finance through the dealer, the car dealer may get a kickback from the lender off of the loan.

For a loan on a supercar, this kickback could be significant, so the dealership may try to push financing when it may not be in your best interest.

Thankfully, other options are available. If your credit score is high and you are in good standing, you may pursue an auto loan through any of your favorite banks which can save you money.

Leasing Your Lambo

Leasing a Lamborghini is very similar to financing- the only caveat is that you, in no way, shape, or form, own your Lamborghini.

Leasing a car is a lot like renting a house; you sign a lease and pay an agreed-upon amount of money per month for an agreed-upon amount of time.

For people with less money, leasing can be one option to secure the car you desire.

Purchase Your Lambo

Maybe you don't like the idea of owing money to a bank, somebody else owning your car, or somebody else being able to repossess your daily driver at any moment.

If you have the money, you can always buy a Lamborghini outright!

This is the most costly option for many obvious reasons; namely, that it is a large chunk of money to spend at once, and you will have to have a significant amount of money saved up to do it.

If you are more enamored with the Lamborghini brand than any certain model, you could always opt for an older Lamborghini.

Rather than springing for a new, expensive Lamborghini Huracan, consider purchasing a model such as the Lamborghini Jarama.

An older model, the Lamborghini Jarama offers the Lambo name and sleek look for a lower cost, with an average cost of under $100,000.

If you have a thing for older cars, the Lamborghini Jarama may scratch two itches at once for you, with its classic styling.

If you want a more modern car, the infamous Lamborghini Gallardo may be calling your name.

Arguably one of the most famous Lamborghini models for over a decade, the Gallardo is a stylish vehicle with that infamous Lambo flair.

The best part of the Gallardo is that it won't break your bank- most of them cost around $80,000!

Final Thoughts on Affording a Lambo

Affording a Lamborghini is no easy assignment as these super cars can cost well over 6-figures.

If you want to afford the vehicle of your dreams without breaking your bank, it's important to ensure your monthly car payment doesn't exceed 15% of your take home pay.

You should also aim for having an annual income at least twice of the vehicles price.

Forrest is a personal finance, entrepreneurship, and investing enthusiast dedicated to helping others obtain life long wealth. He owns several different blogs and is also passionate about health and fitness.
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