570s - Reviews/ Videos/ Comparisons.
Discussion
sealtt said:
Is a 570s actually cheaper than a 911 Turbo on finance? Are you looking at PCP finance where the actual final value is guaranteed, or just a deferred final payment where the finance company can give any figure as a final payment - usually to get the monthly payments to where they need to be!
Of course not - the 911 will retain much more of its value than the 570s. And it won't require £30k of extras to be non "poverty spec". But as it is always in life, some people need to find this out the hard way.....
TP321 said:
br d said:
Just whisper "McLaren" and he'll pop up instantly.
He's like Pavlov's f
king dog.
My expertise is "McLaren residuals" - whenever this topic comes up, I will happily share my knowledge with you.He's like Pavlov's f
king dog.Mate, seriously you need to get out more as I truly can’t understand what you are trying to achieve here because it’s certainly not educational
TP321 said:
My expertise is "McLaren residuals" - whenever this topic comes up, I will happily share my knowledge with you.
How very odd. So you've apparently owned loads of Supercars but have chosen to become an expert on just one brand - which you haven't owned - and on just one facet of that brand, residuals.You're a strange fellow. Still, whatever floats your boat. I would have thought your "expertise" would have been much better employed in buying and selling McLarens as you are clearly far better placed to make a killing on them than anyone else.
Perhaps (and this is just a wild stab in the dark) you just get a hard on over going "Ner Ner Ner, you're going to lose money!" to people who can afford to buy the cars you can't.
Anyway, that was way too much time wasted on you, I'll leave you to your insecurities.
TP321 said:
Of course not - the 911 will retain much more of its value than the 570s. And it won't require £30k of extras to be non "poverty spec". But as it is always in life, some people need to find this out the hard way.....
McLaren Finance offers a Guaranteed Future Value after 3 years of £90k. Not bad i thought? Takes the uncertainty away, and you could spec it how you liked and ignore resale requirements. Comparing that to the classifieds, a 3yr old 997 TT-S is about that same price, perhaps a bit lower.kryten22uk said:
McLaren Finance offers a Guaranteed Future Value after 3 years of £90k. Not bad i thought? Takes the uncertainty away, and you could spec it how you liked and ignore resale requirements. Comparing that to the classifieds, a 3yr old 997 TT-S is about that same price, perhaps a bit lower.
£90k guaranteed on a PCP deal? Do you have a link to that?sealtt said:
£90k guaranteed on a PCP deal? Do you have a link to that?
www.london.mclaren.com/cars/mclaren-financial-serv...And the 650 Spyder one for comparison
www.london.mclaren.com/cars/mclaren-financial-serv...
Edited by kryten22uk on Tuesday 1st December 10:43
kryten22uk said:
sealtt said:
£90k guaranteed on a PCP deal? Do you have a link to that?
www.london.mclaren.com/cars/mclaren-financial-serv...And the 650 Spyder one for comparison
www.london.mclaren.com/cars/mclaren-financial-serv...
kryten22uk said:
AMDBSNick said:
Am I missing something as I can't see the word "guaranteed"
The "optional final payment" indicates the guarantee. i.e. if the car is worth less than 90k at 3yrs, you just hand it back without paying the 90k. Its a standard PCP deal.AMDBSNick said:
Again. I must be missing something...
Why? Its the same structure/terminology as every PCP deal out there, from Fiat to McLaren.Basically, at the end of 3yrs, you owe 90k on finance. A PCP deal allows you to pay off the 90k debt using the car rather than cash. So at that point they are guaranteeing that they will value the car at 90k.
kryten22uk said:
Why? Its the same structure/terminology as every PCP deal out there, from Fiat to McLaren.
Basically, at the end of 3yrs, you owe 90k on finance. A PCP deal allows you to pay off the 90k debt using the car rather than cash. So at that point they are guaranteeing that they will value the car at 90k.
I repeat. Show me the word "guarantee"Basically, at the end of 3yrs, you owe 90k on finance. A PCP deal allows you to pay off the 90k debt using the car rather than cash. So at that point they are guaranteeing that they will value the car at 90k.
AMDBSNick said:
kryten22uk said:
AMDBSNick said:
Am I missing something as I can't see the word "guaranteed"
The "optional final payment" indicates the guarantee. i.e. if the car is worth less than 90k at 3yrs, you just hand it back without paying the 90k. Its a standard PCP deal.That would be the one "minor" word that separates kryten22uk's "standard PCP" from HP with a Balloon and/or Lease Purchase. As without the guarantee, if it's underwater (TP321 - "it'll be worth 10p") you're on the hook for the difference. "Offer available to Qualifying HNW Individuals and Business Users only" - my money is on it being a Lease Purchase. I don't see the words PCP or guarantee anywhere on the offer page.
AMDBSNick said:
I repeat. Show me the word "guarantee"
Jees! What difference does it make whether the word "guarantee" is used?All I'm saying is that your downside depreciation is limited. Over 3 years you pay off £53k worth of depreciation (ie. £143k list down to 90k). Should the value of the car tank, you can hand the car back and walk away owing no more. So you never pay more than £53k depreciation regardless of how the car actually depreciates.
Call it a 'guarantee' or not, the terminology is just semantics, the principle is fundamental to the PCP deal.
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