You know what they say, “Lambos are jets on four wheels” – actually no one said that, we just made it up.
As a pilot, it’s understandable to want to feel that control, comfort, or speed you feel while in the air, also on land.
And what better way to achieve all that than owning one of the exotic cars in Lamborghini’s lineup.
The main question, however, is if pilots can afford Lamborghini cars or SUVs. Truth is, there’s no yes or no answer.
It all depends on several factors which we are going to highlight below.
The amount someone rakes in yearly is that person’s purchasing power, and that is mainly what determines whether you can drive an exotic car or not.
According to a post on salary.com, the salary of pilots as of June 2021 ranges from $121,301–$158, 101 with an average of $140,101.
This salary can be more or less depending on years of experience, location, education, performance, etc.
Having this in mind, let’s take a look at Lamborghini’s lineup of new cars.
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Lamborghini Models/Model Types
What better way to start than the most recent addition to the Lamborghini family, the Lamborghini Urus. The Urus is an SUV with a starting price of about $207,000.
A whopping $208,000 – $327,000 will get anyone any of the Huracan series.
There’s the Aventador model series with prices ranging from $417,000 to $573,000.
Those three are the newest models being sold by Lamborghini. Lamborghini also has limited series cars but we won’t mention them since they cost millions of dollars.
Pilots may find it difficult to afford these new series with their annual salaries.
However, one way around is through financing.
If you have 740 as a credit score and can afford a 25% down payment, you can get financing from Lamborghini.
More about Lamborghini Financing
With Lamborghini’s financing, you can spread payment for your choice of car over 84 months. This allows you to pay little amounts that won’t hurt your finances monthly.
You should note financing varies by location of the dealership and the model of Lamborghini.
You can learn more about Lamborghini financial services here.
You can also finance your Lamborghini through banks, online lenders, or credit unions.
You may have to use the Lambo you’re getting as collateral or not depending on the type of car loan you secure.
Some credit unions require no minimum credit score while some require at least 300-600.
You could even get a loan term of up to 12 years, but make sure to know the APR before sealing the deal.
A lower APR is preferable and could save you some money. That makes it super easy for you to pay back.
Some criteria must be met before you can finance your Lamborghini.
You have to be at least 18 years old, a US citizen, provide proof of income and insurance, and so on.
Requirements vary based on the company financing your purchase.
New vs Pre-owned
Generally, pre-owned Lambos cost less than new ones, and with the average salary of pilots, it is advisable to go for pre-owned Lamborghinis, unless they don’t suit your taste.
Most of the pre-owned Lamborghini cars are discontinued, that is, they are not produced anymore, but you can still get pre-owned versions of the newest models such as Urus, Hurucan, and Aventandor at lower prices.
The least expensive is the Gallardo series. You can get the 2008 and 2013 Lamborghini Gallardo for $105,000 and $110,000 respectively.
Usually, financial advisors will tell people to buy cars less than half their yearly income, but with their average salary and a good savings plan, pilots should be able to get any of the pre-owned Gallardo series.
If you’re lucky, you can find pre-owned Lamborghinis for as low as $70,000 – $90,000 which is quite affordable for you as a pilot.
However, they will most likely be over 10 years old and require serious maintenance.
Prefer the pre-owned version of the newer series? You can get the 2014 Lamborghini Aventador for as low as $210,000, the 2019 Lamborghini Urus for $230,000, or the 2015 Lamborghini Hurucan for $215,000.
Another way to afford a Lamborghini, especially when you plan to drive it for just a few years is through leasing.
Instead of buying, you can lease for a couple of years – usually two to three, to reduce the financial burden, and then end it right after your term is over.
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How Much Do You Have to Make to Afford a Lamborghini?
This depends on if you’re getting a pre-owned or new Lamborghini. A good rule of thumb is to make twice the amount of the cost of the Lamborghini model you’d like to buy.
For instance, if you’d like to purchase the 2022 Lamborghini Aventador Ultimae which is about $498,000, you should be earning roughly a million dollars annually.
Generally, if you earn about half a million annually, you can comfortably afford most Lamborghinis.
Can you get a Lamborghini on Finance?
This allows you to spread the payment for the car of your choice over an agreed period (usually 36 – 84 months).
Although you’d require credit scores and have to pay interest, it allows you to pay little amounts that won’t hurt your finances monthly.
You should note financing varies by location of the dealership and the model of Lamborghini. You also have to meet all their requirements before you can secure a deal.
If everyone could have their way, all streets will be filled with Lamborghinis. As a pilot, owning one may or may not hurt you financially.
It all depends on your earnings, bonuses, credit, savings, and of course, the model of Lamborghini you got your eyes on.
Lamborghinis costing $300,000 upwards may be a bit far-fetched and may hurt your finances in the long run if you don’t plan well.
Lamborghini models around $100,000-$200,000 are advisable and can be afforded with great planning.
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