Fed up with the negativity
Discussion
RBT0 said:
With Porsched the 20% rule doesn't apply....well I've barely lost 20% after 4 - f o u r - years on my Cayman according to the worse quotation so far. Ok it's a GTS, but why same doesn't apply on a 570S? Too mainstream? Too many on the market? Everyone can buy new? Yes but at higher list than used, so don't get the chicken or egg thing...on 570S I am shocked about depretiation....I mean what I've seen on the market.
The reason your GTS has done well is it’s the last of the flat six cars in the 981 derivative.If you bought a 718 you would lose around £15 to £20 k in the first year.
Very high spec 718 S models do £20k in a year.
I know this as I have been looking for one for the other half, cars that were £70k new are know on with OPC ‘a at £55850 the trade bids on these will be late 40k at best.
I was a bit provocative and yes reason is clear (my CGTS holding value), however I am not comparing my Cayman with 718. I would expect that a McLaren 570S holds its value due to rarity but that's not the case apparently. How many CGTS produced per year vs 570S?
Or simply I've started my sportscar ownership journey in a lucky position (CGTS) and will be difficult to replace it with step up and rarity at the same time, may need big £££££ to avoid losing big ££.
Does same as 570S apply to 458/488? Or let's say 911?
Or simply I've started my sportscar ownership journey in a lucky position (CGTS) and will be difficult to replace it with step up and rarity at the same time, may need big £££££ to avoid losing big ££.
Does same as 570S apply to 458/488? Or let's say 911?
tyrrell said:
RBT0 said:
With Porsched the 20% rule doesn't apply....well I've barely lost 20% after 4 - f o u r - years on my Cayman according to the worse quotation so far. Ok it's a GTS, but why same doesn't apply on a 570S? Too mainstream? Too many on the market? Everyone can buy new? Yes but at higher list than used, so don't get the chicken or egg thing...on 570S I am shocked about depretiation....I mean what I've seen on the market.
The reason your GTS has done well is it’s the last of the flat six cars in the 981 derivative.If you bought a 718 you would lose around £15 to £20 k in the first year.
Very high spec 718 S models do £20k in a year.
I know this as I have been looking for one for the other half, cars that were £70k new are know on with OPC ‘a at £55850 the trade bids on these will be late 40k at best.
There's a bit of luck and a bit of judgement with managing depreciation I think. My Cayman was 11 months old when I bought it so it had already suffered the initial big hit (around £15k drop against the new list of £60k-ish). I took a bit of a risk buying privately, finance wasn't possible, and I travelled from the South East to Scotland for the car. I also sold privately and stood my ground, rejecting many silly bids and held out for the right buyer to come along. Similar cars from OPC's at the time were £50k+ and if I'd taken a trade bid in March, the best were around £32k. So my very acceptable £8k loss could easily been a not so good £18k+.
Ironically, I now have a 570GT but am considering whether to go for a 718 or 981 Boxster for my wife's next car.
RBT0 you could go and buy a 911.2 GT 3 from OPC for £175k to £179k, then when the new 992 GT3 turbo hrybrid comes out in 16 months time get bid £125k for it against an overs 992 GT3 at £195k
Go and drive a 5 series Mclaren and see what you think, otherwise I think your just going to keep going round & round in circles.
With all the uncertainties out there at the moment, everything is having a hard time, you just have to look at the various supercar threads on PH all saying the same thing.
If you don’t won’t to lose money just keep the CGTS which is a cracking piece of kit
Go and drive a 5 series Mclaren and see what you think, otherwise I think your just going to keep going round & round in circles.
With all the uncertainties out there at the moment, everything is having a hard time, you just have to look at the various supercar threads on PH all saying the same thing.
If you don’t won’t to lose money just keep the CGTS which is a cracking piece of kit
Interesting thread,
There is negativity because there are issues, if there were no issues there would be no negativity, simples!
When your spending what McL are asking you expect a quality product, when you don't get that you become annoyed, its human nature, you vent and this affects the brand value, this facilitates itself in various ways, the quite frankly horrendous depreciation being one.
Those whom have a McL and want the bad press and more so the depreciation to stop are going to defend the brand and challenge the views of those that are dragging it down, again human nature.
The long and the short of it is, if McL sorted their act out and there were no issues, this thread the others like it would not exist. - The issue sits with McL, not a YouTuber!
There is negativity because there are issues, if there were no issues there would be no negativity, simples!
When your spending what McL are asking you expect a quality product, when you don't get that you become annoyed, its human nature, you vent and this affects the brand value, this facilitates itself in various ways, the quite frankly horrendous depreciation being one.
Those whom have a McL and want the bad press and more so the depreciation to stop are going to defend the brand and challenge the views of those that are dragging it down, again human nature.
The long and the short of it is, if McL sorted their act out and there were no issues, this thread the others like it would not exist. - The issue sits with McL, not a YouTuber!
CrashBang said:
Interesting thread,
There is negativity because there are issues, if there were no issues there would be no negativity, simples!
When your spending what McL are asking you expect a quality product, when you don't get that you become annoyed, its human nature, you vent and this affects the brand value, this facilitates itself in various ways, the quite frankly horrendous depreciation being one.
Those whom have a McL and want the bad press and more so the depreciation to stop are going to defend the brand and challenge the views of those that are dragging it down, again human nature.
The long and the short of it is, if McL sorted their act out and there were no issues, this thread the others like it would not exist. - The issue sits with McL, not a YouTuber!
NopeThere is negativity because there are issues, if there were no issues there would be no negativity, simples!
When your spending what McL are asking you expect a quality product, when you don't get that you become annoyed, its human nature, you vent and this affects the brand value, this facilitates itself in various ways, the quite frankly horrendous depreciation being one.
Those whom have a McL and want the bad press and more so the depreciation to stop are going to defend the brand and challenge the views of those that are dragging it down, again human nature.
The long and the short of it is, if McL sorted their act out and there were no issues, this thread the others like it would not exist. - The issue sits with McL, not a YouTuber!
TGE is crying because he lost VAT on a new car
johnwilliams77 said:
CrashBang said:
Interesting thread,
There is negativity because there are issues, if there were no issues there would be no negativity, simples!
When your spending what McL are asking you expect a quality product, when you don't get that you become annoyed, its human nature, you vent and this affects the brand value, this facilitates itself in various ways, the quite frankly horrendous depreciation being one.
Those whom have a McL and want the bad press and more so the depreciation to stop are going to defend the brand and challenge the views of those that are dragging it down, again human nature.
The long and the short of it is, if McL sorted their act out and there were no issues, this thread the others like it would not exist. - The issue sits with McL, not a YouTuber!
NopeThere is negativity because there are issues, if there were no issues there would be no negativity, simples!
When your spending what McL are asking you expect a quality product, when you don't get that you become annoyed, its human nature, you vent and this affects the brand value, this facilitates itself in various ways, the quite frankly horrendous depreciation being one.
Those whom have a McL and want the bad press and more so the depreciation to stop are going to defend the brand and challenge the views of those that are dragging it down, again human nature.
The long and the short of it is, if McL sorted their act out and there were no issues, this thread the others like it would not exist. - The issue sits with McL, not a YouTuber!
TGE is crying because he lost VAT on a new car
Paza3 said:
Yeah I be honest am not getting this depreciation thing on new models . If a McLaren dealer sold a new McLaren for £120k he actually receives £100k, the other 20k is VAT so if you then get offered £100k 3 months later that's actually good as its no depreciation in theory. This also works on £250k .. dealer only receives around 208k.. so being offered 30-40k less than 250k is actually bang on.
Losing VAT happens to everyone, bar a few odd exceptions in the last few years cars holding valued due to demand levels.
Not really.Losing VAT happens to everyone, bar a few odd exceptions in the last few years cars holding valued due to demand levels.
Anyone looking to buy a car has a choice between new and used.
When he or she looks at the price of the new option, that includes 20% VAT.
The price of used is not established in a vacuum. It is relative to everything else, including the new option.
There is no necessary relationship between the price of new incl VAT and the price of used after VAT has been paid by the first buyer. The price of used will depend, as usual, on supply and demand, regardless of VAT.
If VAT were abolished tomorrow, a new car would begin to depreciate the moment its new owner drove it away from the dealer - the same as now.
flemke said:
Not really.
Anyone looking to buy a car has a choice between new and used.
When he or she looks at the price of the new option, that includes 20% VAT.
The price of used is not established in a vacuum. It is relative to everything else, including the new option.
There is no necessary relationship between the price of new incl VAT and the price of used after VAT has been paid by the first buyer. The price of used will depend, as usual, on supply and demand, regardless of VAT.
If VAT were abolished tomorrow, a new car would begin to depreciate the moment its new owner drove it away from the dealer - the same as now.
All correct apart from the slight contradiction; 'price depends on supply on demand' & 'a new car would begin to depreciate the moment its new owner drove it away from the dealer'Anyone looking to buy a car has a choice between new and used.
When he or she looks at the price of the new option, that includes 20% VAT.
The price of used is not established in a vacuum. It is relative to everything else, including the new option.
There is no necessary relationship between the price of new incl VAT and the price of used after VAT has been paid by the first buyer. The price of used will depend, as usual, on supply and demand, regardless of VAT.
If VAT were abolished tomorrow, a new car would begin to depreciate the moment its new owner drove it away from the dealer - the same as now.
Once again, if the car is supplied in limited quantities & demand is higher, then the new car would appreciate, not depreciate! (regardless of VAT too!)
Macboy said:
If you've not yet, have a look at Harris's column in this months TopGear mag. It's a balanced version of many of the comments on this thread from someone who genuinely likes the brand and loves the 720s. One of the best assessments of the current Mclaren conundrum I've read.
Can You take a picture of it and upload it please?https://www.pressreader.com/australia/top-gear-uk/...
My opinion on McLarens, buy one 5 to 7 years old and you're getting a great car for 40% sticker that's nearing the bottom of its deprecation curve, well, except for the 12C and the Senna, they're too ugly.
My opinion on McLarens, buy one 5 to 7 years old and you're getting a great car for 40% sticker that's nearing the bottom of its deprecation curve, well, except for the 12C and the Senna, they're too ugly.
PantsFire said:
https://www.pressreader.com/australia/top-gear-uk/...
My opinion on McLarens, buy one 5 to 7 years old and you're getting a great car for 40% sticker that's nearing the bottom of its deprecation curve, well, except for the 12C and the Senna, they're too ugly.
12C is a beautiful shape, very pure and simple.My opinion on McLarens, buy one 5 to 7 years old and you're getting a great car for 40% sticker that's nearing the bottom of its deprecation curve, well, except for the 12C and the Senna, they're too ugly.
You may not like it but it can never be called ugly imo.
ferdi p said:
flemke said:
Not really.
Anyone looking to buy a car has a choice between new and used.
When he or she looks at the price of the new option, that includes 20% VAT.
The price of used is not established in a vacuum. It is relative to everything else, including the new option.
There is no necessary relationship between the price of new incl VAT and the price of used after VAT has been paid by the first buyer. The price of used will depend, as usual, on supply and demand, regardless of VAT.
If VAT were abolished tomorrow, a new car would begin to depreciate the moment its new owner drove it away from the dealer - the same as now.
All correct apart from the slight contradiction; 'price depends on supply on demand' & 'a new car would begin to depreciate the moment its new owner drove it away from the dealer'Anyone looking to buy a car has a choice between new and used.
When he or she looks at the price of the new option, that includes 20% VAT.
The price of used is not established in a vacuum. It is relative to everything else, including the new option.
There is no necessary relationship between the price of new incl VAT and the price of used after VAT has been paid by the first buyer. The price of used will depend, as usual, on supply and demand, regardless of VAT.
If VAT were abolished tomorrow, a new car would begin to depreciate the moment its new owner drove it away from the dealer - the same as now.
Once again, if the car is supplied in limited quantities & demand is higher, then the new car would appreciate, not depreciate! (regardless of VAT too!)
garyhun said:
PantsFire said:
https://www.pressreader.com/australia/top-gear-uk/...
My opinion on McLarens, buy one 5 to 7 years old and you're getting a great car for 40% sticker that's nearing the bottom of its deprecation curve, well, except for the 12C and the Senna, they're too ugly.
12C is a beautiful shape, very pure and simple.My opinion on McLarens, buy one 5 to 7 years old and you're getting a great car for 40% sticker that's nearing the bottom of its deprecation curve, well, except for the 12C and the Senna, they're too ugly.
You may not like it but it can never be called ugly imo.
PantsFire said:
https://www.pressreader.com/australia/top-gear-uk/...
My opinion on McLarens, buy one 5 to 7 years old and you're getting a great car for 40% sticker that's nearing the bottom of its deprecation curve, well, except for the 12C and the Senna, they're too ugly.
Try getting a warranty on that My opinion on McLarens, buy one 5 to 7 years old and you're getting a great car for 40% sticker that's nearing the bottom of its deprecation curve, well, except for the 12C and the Senna, they're too ugly.
mcl570 said:
Not literally 'given', allocated was the word I should've used. (apologies).
See picture below... recently taken from a post of social media in regards to a broken down McLaren.
This was in response to Ben's issues with his 570S Spyder? That car ruined his road trip. I was with him, and a lot of us on that trip had been looking forward to it all year, as a real finale to the summer. The McLaren just threw up issue after issue, it was beyond a joke and didn't even make it half-way through, let alone to the end, of a 1200 mile jaunt around the French Alps. See picture below... recently taken from a post of social media in regards to a broken down McLaren.
Edited by sixspeed on Thursday 4th October 08:33
Gassing Station | McLaren | Top of Page | What's New | My Stuff