YouTuber reveals the hidden cost blocking him from buying his dream supercar in America
- Buying a supercar in the US comes with huge additional costs
- This YouTuber wanted to buy his dream car, the Lamborghini LP640
- But taxes, insurance, and hidden costs made it out of reach
Published on Nov 26, 2024 at 2:57 PM (UTC+4)
by Daksh Chaudhary
Last updated on Nov 27, 2024 at 1:25 PM (UTC+4)
Edited by
Kate Bain
James Walker – AKA Mr JWW – always dreamt of owning the Lamborghini LP640 supercar.
The classic supercar is known for its incredible driving experience, but buying it in the US doesn’t come cheap.
Walker realized there were a bunch of financial hurdles that made it a lot more difficult for him to get his hands on one.
Not only were there high taxes and insurance costs, but there were also hidden fees he had to factor in.
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YouTuber and his struggles with buying Lamborghini LP640
Among some of the biggest costs with buying a Lamborghini LP640 in the US was the high insurance premiums for supercars.
Due to the car’s high value and the associated risks, MR JWW said the insurance would be far more expensive.
But that comes as no surprise.
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Walker said some of the biggest hidden costs associated with buying a supercar in the US were the import taxes and customs fees.
On top off the USD $1 million the seller wanted for the Lamborghini, Walker said he would have to pay an additional 20 percent to import the car back to the UK.
That’s a cool $200,000 just to get it to his home country.
You could buy a whole Chevrolet Corvette ZR-1 for that price.
The maintenance and repair costs associated with supercars like the Lamborghini LP640 are also incredibly high.
Just like the $25,000 oil change in the Bugatti Veyron, Lamborghinis require specialized servicing and care.
Buying and maintaining supercars doesn’t come cheap
Depreciation was another legitimate concern.
And that’s on top of already surging supercar prices.
We all know supercars don’t come cheap, but the reality of owning one hits home when you lay out the costs like this.