2010 Lamborghini Gallardo LP550-2 Debuts Under $400,000 In Australia

Starting at just $399,000, Lamborghini Australia has announced its most affordable model yet, in the form of the rear-wheel-drive 'entry level' Gallardo LP550-2.

Based on the limited-edition LP550-2 Valentino Balboni - created to honour the Italian supercarmaker's legendary test driver - the LP550-2 boasts the same 550hp (405kW) 5.2 litre V10 as its very special sibling. 

With only 20 units earmarked for Australia, the LP550-2 will be special enough on its own.

“The release of the Gallardo LP550-2 signals new and exciting times for Lamborghini. In Australia, the vehicle will retail for $399,000 making it an extremely competitive addition to the market,” Lamborghini Australia's Managing Director Andrew Smith said.

“It presents an excellent opportunity for buyers and with only 20 units allocated to Australia we expect them to go very quickly.”

Like the Balboni, the LP550-2 ditches the all-wheel-drive system that separates the other more-expensive Lamborghinis, cutting weight down to just 1380kg. By comparison, the LP560-4 weighs in at 1569kg.

The LP550-2 is available in 10 colours, and lands in Lamborghini showrooms this month. It is priced at $399,000 (plus on-road costs), which puts it at about $80,000 less than the Balboni version.