RE: Delivery miles: LaFerrari, P1 and 918 Spyder

RE: Delivery miles: LaFerrari, P1 and 918 Spyder

Thursday 30th October 2014

Delivery miles: LaFerrari, P1 and 918 Spyder

McLaren P1 values on the rise, LaFerraris peaking and - what's this? - Porsche 918 bargains



Tough choice. Among 2014's trio of stellar hyper-hybrids - P1, LaFerrari and 918 - which one would you have?

All three prove that performance really can live up to the old cliche and be 'electrifying', with electric power helping to deliver some pretty spectacular figures. To wit, the McLaren P1: 916bhp, 719lb ft of torque, 217mph and 0-62 in 2.8 seconds. LaFerrari: 950hp, 664lb ft, 217mph and a sub-three 0-62. Porsche 918: 887hp, 944lb ft, 214mph and 0-62 in 2.6 seconds.

P1s seem to be increasing in desirability
P1s seem to be increasing in desirability
If you can't make your mind up, well, the market very quickly has. Three months ago, a finance company revealed that premiums on these latest must-have hypercars were running at up to £1m (for the LaFerrari). A slightly less plutocratic £300K spike applied to the McLaren P1 and if you wanted a Porsche 918 Spyder, it was £200K over the odds.

That may have been true three months ago, but things have certainly moved on today. The evidence of the PH classifieds shows that big premiums are still being charged on the first two, although on a less stratospheric level for the LaF, but rather higher for the P1. And shock horror - you can now actually get a brand new 918 for a chunky discount off list.

Hot property
So the McLaren P1 is seemingly on the rise. All 375 examples sold out long ago, even at a list price of £866,000. But if you want one now, it'll cost you a whole lot more.

This unregistered German-supplied example has just 24km on the clock. Painted Pearl White with a black interior, I'll cost you £1,406,000 taxed and on the road.

Despite best efforts Ferrari couldn't stop speculators
Despite best efforts Ferrari couldn't stop speculators
A further three P1s are on offer through prestige dealer Prindiville, two in yellow, one in white. The cheapest is a 150-mile yellow example up for £1.2m. A zero-mileage one with the same colour scheme will set you back £1,380,000, while another zero-miler in Pearl White is up for £1.45m. So, P1 premiums of between £334,000 and £584,000.

Having a LaF
Next, LaFerrari. Maranello insisted that you had to own at least five of its models before even considering selling you a LaF. There was no shortage of collectors of Maranello metal/carbon to snap up the 499 available examples, each priced at £1.15m.

No surprise that owners of four Fezzas or less have been prepared to shell out big time to get their bums on a bit of LaFerrari Alcantara. Premiums exceeded £1m initially - indeed, the steepest price tag we saw at the height of LaF-mania was £2.46m in Germany - but those days are seemingly over, if the evidence of no fewer than three examples in the PH classifieds is anything to go by.

The current entry price is €1,990,000 (£1.883m UK taxes paid). That's a £750K premium, give or take a few grand - a chunky wedge in anyone's book, but still well shy of the million. It's claimed to be a "physical vehicle". A further LaFerrari in red - intriguingly described as a diesel automatic! - is priced rather higher.

In this company 918 Spyder looks a bargain
In this company 918 Spyder looks a bargain
That phrase "physical vehicle" gives you some clue as to what's going on in this rarefied market, where Ferrari's policy was designed (seemingly in vain) to prevent speculation. Another phrase in an ad for a second, new and unregistered LaFerrari is instructive too: "Because of the sensitivity of these cars, we would like serious enquiries only from end users, we will not publish any vehicle specifics." And there's no price tag published either...

In this company, the Porsche 918 Spyder feels like the whippersnapper, with an almost bargain price new of £732,332 (or £799,832 with the Weissach Package fitted).

There are also four of these for sale on PH - three of which have zero miles. One of them is a build slot up for €750,000 - on the road in the UK that'd be £703,000 - a saving of almost £30K on list. A second one (looking very fetching in Martini colours) costs rather more, at £806,000 taxes paid. Bargain? In this company, almost.

 

 

Author
Discussion

mrclav

Original Poster:

1,280 posts

222 months

Thursday 30th October 2014
quotequote all
Not surprised in the slightest by this. I think Porsche possibly made too many 918s but in all honesty I find it the least desirable of the 3 hypercars and evidently the market agrees...

0llie

3,006 posts

195 months

Thursday 30th October 2014
quotequote all
Makes for interesting reading, it will be interesting to see what happens to their values once all of the cars have been delivered (I know they're all sold out, but once they're all delivered then we can see how many speculators will turn them around for a quick profit).

O/T, but the P1 is the first car I would buy should I ever find myself in a position to do so, even in white it looks spectacular.

Edited by 0llie on Thursday 30th October 12:28

X5TUU

11,907 posts

186 months

Thursday 30th October 2014
quotequote all
so potentially their are some LaFerrari sellers out there chancing their hand on turning a decent profit on a quick buy/resale ... if you happen to have the wedge free in the first place to buy the vehicle

LaurasOtherHalf

21,429 posts

195 months

Thursday 30th October 2014
quotequote all
Err, porsche haven't yet sold all 918 918s.

Premium on this car at least is a 'tard-tax for the wealthy smile

bubney72

1,097 posts

152 months

Thursday 30th October 2014
quotequote all
LaFerrari is my 1st, 2nd and 3rd choice if that were an option.

Bullett

10,873 posts

183 months

Thursday 30th October 2014
quotequote all
The Ferrari does nothing at all for me. (I'd not turn down a free one though).
If the big lottery win comes in it's the Porsche for me, I even like the Martini one - who wants subtle in a hypercar.

daytona365

1,773 posts

163 months

Thursday 30th October 2014
quotequote all
Hardly surprising since according to some, they're merely souped up beetles.

British Beef

2,191 posts

164 months

Thursday 30th October 2014
quotequote all
Porche Carrera GT for me please. V10 and manual, to me it is a more attractive driving and ownership proposition than all of these, regardless of price point.

If I want the electric thing to ease my environmental conscience I will get a Tesla for every day pooteling about in.

GroundEffect

13,819 posts

155 months

Thursday 30th October 2014
quotequote all
The Porsche is the best looking.

I want any of them. In a dark blue.

Oh and none offered in RHD? You pay ~£1M for a car and its on the wrong drive?


Agoogy

7,274 posts

247 months

Thursday 30th October 2014
quotequote all
Autocar website has a nice piece on the Porsche. Up to 130mph it has the P1 nailed, but then seems to stop in comparison, where the P1 continues to bend physics.
Quite something though given it's BHP stats and weight to beat the Macca (and a Ducati) in that way...

It is also (according to them) quicker round their track, and a nicer place to spend real-world driving time....

although in their summary when owning a Hypercar that is not really grounded in real orl, most if not all road testers want the P1.

Still, is a nice write up and video....and satisfies my preference for the Pork.

EskimoArapaho

5,135 posts

134 months

Thursday 30th October 2014
quotequote all
GroundEffect said:
Oh and none offered in RHD? You pay ~£1M for a car and its on the wrong drive?
Well, the McLaren F1 couldn't make up its mind about RHD/LHD, and the appreciation of value on one of those more than made up for the indecision.

TNH

559 posts

146 months

Thursday 30th October 2014
quotequote all
Agoogy said:
Autocar website has a nice piece on the Porsche. Up to 130mph it has the P1 nailed, but then seems to stop in comparison, where the P1 continues to bend physics.
Quite something though given it's BHP stats and weight to beat the Macca (and a Ducati) in that way...
Not surprising given that it is 4wd.

I think a lot of the road tests and the confidence McLaren have had to give the car to all the magazines etc has a lot to do with its rise in popularity. They are completely confident in its abilities.

Ferrari on the other hand...

wtdoom

3,742 posts

207 months

Thursday 30th October 2014
quotequote all

IThere are no discounts on 918 . Utter bs .
What clown wrote this article ?

It reads like you can get a discount on a 918 when in fact there's a buyer whose had a change of circumstances trying to get out of paying for the rest of the car before he's asked to cough up the remainder of the bill . Terrible reporting

Edited by wtdoom on Thursday 30th October 13:03

turbo-ww

1,766 posts

215 months

Thursday 30th October 2014
quotequote all
One of each please. Just pop them round when you have a mo.

biglaughbiglaughbiglaugh



TonyHetherington

32,091 posts

249 months

Thursday 30th October 2014
quotequote all
EskimoArapaho said:
GroundEffect said:
Oh and none offered in RHD? You pay ~£1M for a car and its on the wrong drive?
Well, the McLaren F1 couldn't make up its mind about RHD/LHD, and the appreciation of value on one of those more than made up for the indecision.
Yes it could smile It's LHD. On the V5, and in the layout inside (gear stick on the right). No option for gear stick on the left.

robsouthern

16 posts

113 months

Thursday 30th October 2014
quotequote all
GroundEffect said:
The Porsche is the best looking.
^^ this. Plus according to Evo its superior on road drive would leave me in the 918 camp

Taking out the investment factor I would go for the Porsche every time and I am a Ferrari man too.

The laF and P1 have gone for function over form, but surely that's the number 1 point of a ROAD hypercar? If I had the money and wanted to go fast on track, I would buy a p1 gtr or likely laFXX?

The 918 is the most pretty and that wins it for me.

Tripe Bypass

581 posts

202 months

Thursday 30th October 2014
quotequote all
Porsche GB website has the 918 at 781,000 euros including VAT. At 1.27 euros to the pound that is 614,000GBP not 732,000. What am I missing?

kith

562 posts

244 months

Thursday 30th October 2014
quotequote all
Why base the article on asking prices? It's sold prices that tell the true story and these will only be known by the inside few until one of these cars comes up for auction.

Europa1

10,923 posts

187 months

Thursday 30th October 2014
quotequote all
Or looked at another way - if you had purchased one of these as "an investment" - then aside from the fact you're a mentalist for not driving such an incredible machine, the P1 offers roughly a 38% return on investment, the FerrariTheFerrari 65% ROI and the Porsche 14%.

If I ever win a Euromillions jackpot, I'd take the P1 over the 2. The Ferrari is a bit overwrought to look at and has a deeply onanistic name, and the Porsche just leaves me feeling "meh".

Goofnik

216 posts

139 months

Thursday 30th October 2014
quotequote all
Agoogy said:
Autocar website has a nice piece on the Porsche. Up to 130mph it has the P1 nailed, but then seems to stop in comparison, where the P1 continues to bend physics.
The electric motors in the 918 top out at ~146mph. So it effectively lost 280HP all of a sudden, which is why it seemed as if it "hit a wall".