600LT 1 year cost to own

[bryce86]

I am looking for realistic costs to own a 600LT Spider for one year.

Hypothetical car
Purchase price £150k
From dealer with 2 year McLaren warranty
Miles 10k increasing to 14k
Service - yearly, budgeting £1500
Finance/ PCP or not, undecided but the finance quotes will tell me what the interest cost will be.

Buying now, selling 12 months from now. Possibly part ex'ing but most likely to get out and free the cash.

Where we looking?

[Puzzles]

That’s going to be very costly. What are you expecting?

[samoht]

I've heard dealer margin buy-sell as £10-20k. So I'd say a mid estimate answer to your question might be £20k, assuming you buy from and sell back to a dealer, accounting for margin plus a little depreciation plus maintenance costs. No-one knows what supercar values will be in a year, the 600LT feels a decent bet but the whole market could go down.

Maybe £15k-35k as a confidence interval?


Then if financing, 10% interest so another £15k on top.

[BobM]

bryce86 said:

Buying now, selling 12 months from now.

This right here is your biggest cost. Unless you can get a good deal privately. Samoht quotes £10-20k dealer margin, I think that's unrealistic, I'd budget for nearer £30k. Same applies to any £150k car to be fair.

My recent 3 year service on my 600LT was £750. I've had a couple of relatively minor things done under warranty, otherwise the car has just cost me petrol an, insurance and finance.

[Nuttbelle]

Min £30k so probably cheaper to join a supercar club and effectively hire the car for x amount of weekends

[MDL111]

I guess you could sell via SOR to save some of the dealer margin (I sold a car earlier this year, and I think the dealer took c. 7k Euros as his fee - it was for sale for c. 9 months though, so might not be palatable for you to do it that way).

[s2000db]

In total I’d budget for £50k all in, and be pleasantly surprised if it was less than that..

[Wheelspinning]

The 600LT is on the downward trajectory of a serious bump in prices within the last 18-24mths.

In Sept 2020, I almost bought a March 2019 napier spider for £133k but decided against it.

Great motors, but at £150k and only having for 12 months, there is a serious possibility of an utter spanking.

It's as big a buyers market now that I havn't seen since around 2012, so if you need to scratch that itch, push very, very hard on prices.

[stuthemong]

I’d agree that the 600lt has held price disproportionally recently, everything else is falling.

I suspect it’s unlikely to Buck the trend.

To be honest. Right now I’d be looking f488 as best place to park supercar money for a year, in think they look as good value as anything at the moment and will lose less than other options at similar prices.

But I didn’t buy a e46 m3CSL for 3k more than that M3 I bought at the time as I thought I preferred manual and the only difference was a bit of carbon and they’d depreciate the same anyway as it wasn’t that limited

[Caddyshack]

Just the selling for cash could easily cost you £50k, a trader will want to pull your pants down and a private buyer is likely to need finance and what the peace of mind of buying from a dealer.

[Gibbo205]

Hi there

My running cost so far in my year ownership:

- 2yr warranty extension (£4691) as I purchased a March 2020 car in September 2022 which its warranty expired in March 2023, at this point I extended the warranty with McLaren for two years - £4691
- Annual service - £950
- Lost a brake cooling duct in isle of man £86 fitted
- Coolant recall - £0
- Both hinges changed - £0
- Track inspections for track day pre and post - £462
- Insurance with track cover - £1200
- Road tax - £550
- Coolant change to fresh coolant during recall - £73


That is my cost in my first-year ownership, my second-year ownership should just be another service and road tax so much cheaper.

Buying from a dealer will see you paying the maximum price potentially but you do get the 1yr warranty thrown in, but I'd negotiate a 2yr warranty if they refuse to knock money off the car and a tour of McLaren HQ, but try to get some money off as right now it is a buyers market.

150k should get you into a strong spec car, so P1 or Senna's, maybe some nice MSO options like louvre wings, nice colour etc. The ones with vented wings and P1/Senna seats seem to be moving pretty quick, AB sold their green spider in under a week, though it's still advertised and Scott Hardy sold the blue spider with vented wings at 159k within a couple of days.

Ideally, maybe try to buy privately, its fair to say a dealer is chucking on 20k margin typically, maybe more in some cases for high-spec cars, so try to intercept someone selling to trade and offer them 10k more than the trade offer but at same time save yourself 10k in the process, this will really lessen any depreciation cost you will suffer.

Buy well and your cost of ownership will be 15-25k, buy not so well and it could easily cost you circa 40k, they are awesome cars but buying any 100k plus supercar from a dealer and planning only 12 months ownership is going to sting you. Own it for two years and you will get better value.

I purchased my car privately a year ago for £150,000, it had 10,000 miles and was my dream spec, the car is now over 16,000 miles, I've done a couple of track days and been Isle of Man in it and done around 180mph on public roads, such amazing fun. The car has been faultless and has only visited McLaren for recalls and servicing.












Get one purchased, you won't regret it, with the P1/Senna's your sat on the floor, window down or roof down those glorious exhausts are positioned right behind your head, for a simply amazing soundtrack and truly engaging driving experience.

Edited by Gibbo205 on Sunday 22 October 11:37

[AinsleyB]

Great car, but is it great enough to justify £40k a year ?

Thats close to 1/3rd of the actual purchase price.

[Gibbo205]

AinsleyB said:

Great car, but is it great enough to justify £40k a year ?

Thats close to 1/3rd of the actual purchase price.

Its not 40k a year, based on what others have sold at I could probably sell mine for 140-150k private or get around 125ish trade, its not for sale BTW.

Also longer you keep it then at some point there is a floor value so its not 40k a year.

[samoht]

Yeah, it's (up to) £40k for one year, but not "£40k a year" since if you keep it for longer the cost per year will be a lot less.

It's closer to £30k initial cost plus £10k a year (if you buy and sell from a dealer).

[ex-devonpaul]

AinsleyB said:

Great car, but is it great enough to justify £40k a year ?

Thats close to 1/3rd of the actual purchase price.

Excellent news for someone looking for a 4 year old one

[Nuttbelle]

Dealer margin is a big chunk ( say £20k ) and same value whether its 1 or 4 years ownership.
Then you have to add on the normal depreciation of say £10k + per anuum.

Ok 600LT values dropped dramatically initially meaning they bottomed out at £120 /130k but rebounded last year after the over reaction but in today's soft market you can now expect normal depreciation after the one off price correction that has already occurred.
Far too many 600LTs built to see further or long term appreciation.
Even the best and rarest 675LT is not safe from depreciation as I well know

Edited by Nuttbelle on Sunday 22 October 15:11

[ghost83]

There’s 600lts already popping up around 120k-125k so the market is going down

A 150k is going to have 20k dealer spread
And say you also have a further depreciation on 20k

But pricey tbh

[Sarnie]

ghost83 said:

There’s 600lts already popping up around 120k-125k so the market is going down

A 150k is going to have 20k dealer spread
And say you also have a further depreciation on 20k

But pricey tbh

Where are these 600LT's for £120k?

[ghost83]

Sarnie said:

Where are these 600LT's for £120k?

One of my customers just bought one for 124k
Although he says he plans to keep it, he had a 720s before that

[Streetbeat]

Conveniently theres none advertised at that.....or even close.