12C Future values

12C Future values

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Discussion

TISPKJ

Original Poster:

3,650 posts

208 months

Saturday 11th October 2014
quotequote all
Hi guys, sorry to bring up the same old question as all other sub forums, but where do we see the 12c prices going now ?
I have kept half an eye on the market and the doom and gloom that surrounded the 12c and the 458 this time last year where they both looked headed for 100k level does not seem to have materialised, the 12c seems stuck at the 125k mark for the best part of a year, that said there is one private car competitively priced, and it appears McLaren London has started a fairly aggressive pricing campaign.
Any thoughts or comments ? Would it be a safe bet to get in at this level and keep for a year without costing a fortune ?
Also the pricing structure in the classifieds does not seem to follow much logic, private and lhd cars over rhd ? 15k milers over very low mile cars, I don't really buy into the options must have brigade mindset.

GRBF430F1

4,843 posts

171 months

Saturday 11th October 2014
quotequote all
I think they represent good value for money at the moment and as a keeper if the car appeals to you but disposal is always going to be the issue with no used car dealer network to speak of.
Hate to think what trade bids are on the cars out of warranty but IMHO I still reckon you could be looking at losing the best part of £20k over a year with one of these unless you have stolen it in the first place.
Also with the baby McLaren due out I can see a number of people looking to trade in for the newer model for not a lot of cash meaning prices could fall further

458 is by far the safer bet and what you pay extra upfront you are going to get back later

Edited by GRBF430F1 on Saturday 11th October 15:59

TISPKJ

Original Poster:

3,650 posts

208 months

Saturday 11th October 2014
quotequote all
Maybe, but not sure I agree entirely, the new P13 ? Is as I understood going to be less of everything in order to compete in the 100-120 sector against the likes of the 911 turbo and new AMG-GT.
Current thought seems to be that in the case of the Merc the old SLS is now gaining in value slightly and will be the more sought after car in the future.
I can see people thinking the same re the P13, fantastic car no doubt but not as good as the real thing.
When you say no used dealer network, why would that matter if you can still buy used cars from and with the support of th new network.
20k loss would be a pisser for sure however I can see a few bargains coming along soon including the one you have pointed out before, suddenly that car does not look as good a value as it did a month or so ago with Mc London offering very close to that level and its only October :-)

marky1

1,047 posts

197 months

Saturday 11th October 2014
quotequote all
I think at 125 if you can find a nice one they are a bargain. Really can't see them dropping too much below this level?

mb1

579 posts

257 months

Saturday 11th October 2014
quotequote all
The 12C prices are going up slightly and getting stronger.
I bought mine a month ago. At that time you could get a 2012 low mileage for 125-130k. Now you are only getting a 2011 model.
Don't be fouled by the lower cost cars. They are all 2011 models and there is a big difference and improvements made on 2012/2013 cars.
The P13 will be less of a supercar. Less power, no fancy doors.... They will improve the values of the 12C.
Plus the 12C has a more time-proof design. Some similarities with the F1 look.
A real keeper in my opinion.
Ferrari 458 ? As with any Ferrari, as soon as the replacement model comes out, it will drop like dead weight and look out dated (I think it already does...).

sone

4,587 posts

239 months

Saturday 11th October 2014
quotequote all
mb1 said:
The 12C prices are going up slightly and getting stronger.
I bought mine a month ago. At that time you could get a 2012 low mileage for 125-130k. Now you are only getting a 2011 model.
Don't be fouled by the lower cost cars. They are all 2011 models and there is a big difference and improvements made on 2012/2013 cars.
The P13 will be less of a supercar. Less power, no fancy doors.... They will improve the values of the 12C.
Plus the 12C has a more time-proof design. Some similarities with the F1 look.
A real keeper in my opinion.
Ferrari 458 ? As with any Ferrari, as soon as the replacement model comes out, it will drop like dead weight and look out dated (I think it already does...).
I think the 458 is the best looking Ferrari for a long time and when its replacement comes out it'll be turbo'd so I can see that further stabilising the values of the existing n/a cars.
I think with regard price rises on any marques at this time of year is selective viewing of the market through rose tinted glasses, especially Mclaren or 458. Go into any showroom with cash you'll get a deal on these sort of cars.
IMO anyway.

Tony 1234

3,465 posts

228 months

Sunday 12th October 2014
quotequote all
mb1 said:
The 12C prices are going up slightly and getting stronger.
Really' is that why McL London have just reduced their yellow coupe by £10k? mind you the length of time it's been on the market I'm not surprised smile

mrdemon

21,146 posts

266 months

Sunday 12th October 2014
quotequote all
How can people say they have not dropped much these cars were big money new, and if you buy now it's going to cost you another 20k imo.

458 still dropping also, buying a £150 k car will see you also loose £20k imo.

Both nice cars, both seem ok value, but both still dropping.

Not many cars selling either, I have been looking for 3 months all the same cars for sale.

mb1

579 posts

257 months

Sunday 12th October 2014
quotequote all
Tony 1234 said:
Really' is that why McL London have just reduced their yellow coupe by £10k? mind you the length of time it's been on the market I'm not surprised smile
That's irrelevant, this is a new car... Who is going to pay £160k when they can get a 1,500 miles car for £130-140k ?
Only if you can spec the car you would.

I think you can only understand or comprehend what the cars real value are when you have actually been through the purchase of such cars. Meaning you have had to judge what you get for what money and negotiate with dealers.

mb1

579 posts

257 months

Sunday 12th October 2014
quotequote all
sone said:
I think the 458 is the best looking Ferrari for a long time and when its replacement comes out it'll be turbo'd so I can see that further stabilising the values of the existing n/a cars.
I think with regard price rises on any marques at this time of year is selective viewing of the market through rose tinted glasses, especially Mclaren or 458. Go into any showroom with cash you'll get a deal on these sort of cars.
IMO anyway.
Beauty is the eye of the beholder and I respect the fact that some people like them.
I used to like the 458 a lot. IMO it has lost a lot of its charm because it was a brave design exercise and the lines now look messy and the back end is too heavy. But, again that is my view and I am happy to be the only one to share it smile
And it is a McLaren forum wink

mb1

579 posts

257 months

Sunday 12th October 2014
quotequote all
mrdemon said:
How can people say they have not dropped much these cars were big money new, and if you buy now it's going to cost you another 20k imo.

458 still dropping also, buying a £150 k car will see you also loose £20k imo.

Both nice cars, both seem ok value, but both still dropping.

Not many cars selling either, I have been looking for 3 months all the same cars for sale.
Nobody says they have not dropped.
12C have lost a lot of their original purchase value.
So much that they are now very good value and the thread is about the fact that they might not drop much more if not getting stronger in the future.

Edited by mb1 on Sunday 12th October 10:30

Wilmslowboy

4,216 posts

207 months

Sunday 12th October 2014
quotequote all
mrdemon said:
How can people say they have not dropped much these cars were big money new, and if you buy now it's going to cost you another 20k imo.

458 still dropping also, buying a £150 k car will see you also loose £20k imo.
.
13% loss in value over a year (for a relatively new expensive car) seems about right.

Prices have pretty much held for early cars over the past 2 years, (evening out the pasting they took in values in their first year) - so I would expect normal service to continue now.


TISPKJ

Original Poster:

3,650 posts

208 months

Sunday 12th October 2014
quotequote all
Guys what's this big difference between 2011 and 2012 cars ?
I know you can have the power upgrade FOC, and iris 2 is available circa 3k if wanted but I was not aware of any great change until the 650S.
What bit did I miss ?

isaldiri

18,621 posts

169 months

Sunday 12th October 2014
quotequote all
TISPKJ said:
Guys what's this big difference between 2011 and 2012 cars ?
I know you can have the power upgrade FOC, and iris 2 is available circa 3k if wanted but I was not aware of any great change until the 650S.
What bit did I miss ?
Front axle lifter option and no swipe for door opening. No other change i can remember. 2012 cars are not guaranteed to have iris2 unless they have paid to upgrade, only late 2013 cars will definitely have it. All 2011 cars will long have been upgraded to the same hp i reckon.

hazy

1,173 posts

269 months

Sunday 12th October 2014
quotequote all
cant see them dropping much under £120 for 2011, up to £135 for 2013's

mb1

579 posts

257 months

Sunday 12th October 2014
quotequote all
TISPKJ said:
Guys what's this big difference between 2011 and 2012 cars ?
I know you can have the power upgrade FOC, and iris 2 is available circa 3k if wanted but I was not aware of any great change until the 650S.
What bit did I miss ?
Swipe doors
Front lifter (only late 2012 models)
Paint quality is much improved
Steering wheel paddle shift (less hard to pull - a few have been replaced under warranty I understand)
Radio antenna position (so you can get actual reception...)

IRIS 2 is optional for all and currently cost 3k for the basic model. If you want IAB or anything more fancy it goes up quickly.
Also be aware that the 3k upgrade for IRIS2 is TEMPORARY. After 31st December, the cost will go up to 8k.... Which will bring the value of IRIS 2 equiped car up.

The 2012 cars have also benefitted from the learnings of 2011 cars and are better put together. As you would expect for a very brand new car going into volume production. My hat off to McLaren for going through this process so quickly.
Yes, there are still small teething issues on all cars like rear lights cracking.
Also when looking at 2011 cars, you have to check what warranty cover you get. McLaren approved cars will come with extented warranty from McLaren but independant cars or private cars might come with nothing or a third party cover.... Which is not the same....


Tony 1234

3,465 posts

228 months

Sunday 12th October 2014
quotequote all
mb1 said:
Tony 1234 said:
Really' is that why McL London have just reduced their yellow coupe by £10k? mind you the length of time it's been on the market I'm not surprised smile
I think you can only understand or comprehend what the cars real value are when you have actually been through the purchase of such cars. Meaning you have had to judge what you get for what money and negotiate with dealers.
Been there and got the T shirt

mb1

579 posts

257 months

Sunday 12th October 2014
quotequote all
Tony 1234 said:
Been there and got the T shirt
Porsches don't count I am afraid wink

Were you wearing the T-shirt when you ordered your 650S ? cool

Tony 1234

3,465 posts

228 months

Sunday 12th October 2014
quotequote all
mb1 said:
Porsches don't count I am afraid wink

Were you wearing the T-shirt when you ordered your 650S ? cool
650S is easy to negotiate a massive discount as I've managed, however if I cannot obtain my preferred Porsche upcoming model then yes it's a 650 smile

mrdemon

21,146 posts

266 months

Sunday 12th October 2014
quotequote all
hazy said:
cant see them dropping much under £120 for 2011, up to £135 for 2013's
you can get them for £115k now ! Trade must be sub 100k .