Being saddled with huge installments over a long period of time is usually a hallmark of predatory mortgages or poorly-designed “As Seen On TV” exercise equipment, but for those who aspire to the finer things in life, have we got a deal for you, and you can’t get it on QVC.
Lamborghini Houston is offering a special deal on their 2009 Gallardo LP560-4 Coupes. With a 20% down payment on a base price of $198,000 (quite possibly higher, since these cars almost certainly have high-dollar options), you can then pay off the balance of the car in 144 months, at an interest rate of 3.99% (assuming you have a credit score of 720 or better). According to our rough calculations (and since no payment calculator was able to amortize payments over a period of 12 years), you will still be saddled with a hefty $1,235.97 payment every month! Best of all, by the time the car is paid for, it will look horribly dated and out-performed by a mid-sized sedan.
Of course, your monthly pound of flesh car payment gets you one of the finest exotics in the world. Ten cylinders, 560 horsepower, 8-piston Brembo brakes, the ability to lure admirers of both sexes with this cars racy good looks. Just make sure you really, really like the Gallardo and are not afraid of committing to a long-term partnership with your aluminum-bodied comare.