Home / Auto News / News article: Report: Lamborghini Now Offering Zero Percent Financing - AutoGuide.com News
 |  Oct 15 2009, 3:23 PM

l4270.jpg

Over recent years the offer of zero percent financing has become almost commonplace among domestic automakers, but now one of the imports is doing the same. What’s surprising isn’t that the automaker is from Europe, but (more specifically) that it’s from Italy.

That’s right, Lamborghini is now offering 0% financing on the LP640 coupe and roadster models, making them what must be the most expensive vehicles to ever get such a financing rate.

Now the deal isn’t about to attract Corolla shoppers, but it is quite enticing. On the $354,000 LP640 Coupe, it could make the difference between a $5,900 monthly payment (over 60 months at 0%) as compared to an almost $7,000 monthly payment ( over 60 months at 7%). That’s $1,100 a month!

The deal is the result of a new financing arrangement that Lambo has made with Woodside Credit and Volkswagen Credit. According to Lamborghini the zero percent offer is available over a term of 60 months for buyers who make a down payment of higher than 10 percent and who have a credit score of over 740. Those with a credit score of over 700 can enjoy rates from 5.99% for terms of up to 12 years.

“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,” said Pietro Frigerio, Chief Operating Officer of Automobili Lamborghini America, LLC. “We are pleased to continue our relationship with Volkswagen Credit as well partner with Woodside Credit, an established financing organization in collector and specialty cars, in order to provide several financing options to our clients.”

It’s official, being rich, just got better.

Official release after the jump:

PRESS RELEASE:

SANT’AGATA BOLOGNESE, Italy, Oct. 13 /PRNewswire/ — Today Lamborghini America LLC announced a new Lamborghini Retail Finance Plan for its most exclusive vehicles on the market, the Murcielago LP640 Coupe and Roadster (model years 2009 and 2010). The super sports car company is partnering with Woodside Credit and Volkswagen Credit, Inc. to provide alternative financing programs through authorized U.S. Lamborghini dealers.

“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,” said Pietro Frigerio, Chief Operating Officer of Automobili Lamborghini America, LLC. “We are pleased to continue our relationship with Volkswagen Credit as well partner with Woodside Credit, an established financing organization in collector and specialty cars, in order to provide several financing options to our clients.”

The Murcielago LP 640 Coupe and Roadster are instantly recognizable Lamborghini models, with iconic scissor doors and an aggressive body. The 640 horsepower Coupe and Roadster can sprint from 0 to 62 in 3.4 seconds, and have top speeds of 211 and 205 miles per hour, respectively.

Qualified buyers with a credit score of 700 or higher will enjoy rates starting at 5.99 percent, a minimum down payment of 10 percent, low monthly payments and terms of up to 12 years. For those buyers with a credit score above 740 and making a higher down payment, the program offers a zero percent interest rate over a 60-month period.

About Lamborghini

Founded in 1963, Automobili Lamborghini is headquartered in Sant’ Agata Bolognese, in Northeastern Italy and manufactures some of the world’s most sought-after super sports cars. With 34 dealerships in North America and 122 worldwide, Automobili Lamborghini has created a succession of dynamic and elegant super sports cars including the Miura, Islero, Urraco, 350GT, Espada, Countach, Diablo, Murcielago LP 640, Murcielago LP 640 Roadster, Gallardo SE, Gallardo Superleggera, Reventon Coupe, Gallardo LP 560-4 Coupe and Spyder, Murcielago LP 670-4 SuperVeloce, Gallardo LP550-2 Valentino Balboni and the recently introduced Reventon Roadster. For more information on Automobili Lamborghini, please visit the Web site at www.lamborghini.com.