570s - used depreciation
Discussion
Agreed, what's a 14k mile LT Spider ex lease going to be worth with many others on the market in January 2022? Mid winter price trough to add to the woe as well so I'm thinking £125k or thereabouts, certainly not at the levels that the GFV is set at which is way higher. Could be some bargains around especially if the economy takes a dive although I would guess they may well drip feed them into the market to keep up residuals.
The 570 Spider will take a hit and in turn the Coupe in my opinion.
The 570 Spider will take a hit and in turn the Coupe in my opinion.
xcentric said:
were the "crazy deals" on the spider as well? what did they originally sell at, and with what gfv (and current price?) - can possibly mark trend line then and assess impacts.....
Yes, £10k down, £1k per month, GFV £167k, 6k miles per year and you only have to pay for 1 service!I think there were better ones than that too. Someone on here posted that his was £10k down and only £900 per month.
petjam said:
Yes, £10k down, £1k per month, GFV £167k, 6k miles per year and you only have to pay for 1 service!
I think there were better ones than that too. Someone on here posted that his was £10k down and only £900 per month.
Almost all the details in this post are incorrect in relation to the Spider.......I think there were better ones than that too. Someone on here posted that his was £10k down and only £900 per month.
I had someone view my 12c around 3 years ago and he was worried about deprecation and getting a good deal rather than buying the right car and enjoying the experience.
He messaged me about my 570 recently, still looking for a car. I wonder how many hours he has spent messaging people and looking at cars, dreaming about ownership but worried about what it would cost. Meanwhile I have put 11k miles on my car, everyone of them with a smile.
There is almost always a cost to an enjoyable experience. Im sure that there will always be a reason to hang on and wait for the next model that may fall into price range.
He messaged me about my 570 recently, still looking for a car. I wonder how many hours he has spent messaging people and looking at cars, dreaming about ownership but worried about what it would cost. Meanwhile I have put 11k miles on my car, everyone of them with a smile.
There is almost always a cost to an enjoyable experience. Im sure that there will always be a reason to hang on and wait for the next model that may fall into price range.
650spider said:
I decided against the purchase of high spec 4k 19plate 600lt spider a week before Christmas at less than mid 130s.
Negotiations had started at 150 and originally I thought I would do well if I got it at 140.
The thought of the amount of 600lts that shall spill onto the market in 12months concerned me enough to stick with original plan and wait for the next mac and not have an infill.
From what I gather at the end of the deals there is no option to buy at whatever the current market price is as apposed to the gfv given...and I don't think the mac dealer has much say on it either.
It appears McLaren made a huge mistake with how many they built unfortunately.
The reality is that the number of cars on these deals is very small....most were bought in the normal way.....there isn't going to be like 80 cars all appearing at the same time.......probably less than 20 cars, all spread out over a 12-18 months........Negotiations had started at 150 and originally I thought I would do well if I got it at 140.
The thought of the amount of 600lts that shall spill onto the market in 12months concerned me enough to stick with original plan and wait for the next mac and not have an infill.
From what I gather at the end of the deals there is no option to buy at whatever the current market price is as apposed to the gfv given...and I don't think the mac dealer has much say on it either.
It appears McLaren made a huge mistake with how many they built unfortunately.
Sarnie said:
All of the details you posted, in relation to the Spider....
Would have to disagree, would love to see how you came to that opinion.From my own finance documents on a brand new spider: -
Total amount of credit £170k
15k deposit
£1,071.11 per month for 24 months
6,000 miles per year
I didn't get the 10k deposit deal, I was offered it but thought about it for a couple of months. Plenty of people here talking about the £10k deal (also two in my supercar club) but I guess they are talking rubbish too!
Sarnie said:
The reality is that the number of cars on these deals is very small....most were bought in the normal way.....there isn't going to be like 80 cars all appearing at the same time.......probably less than 20 cars, all spread out over a 12-18 months........
The reality is that 10k and 1k per month was the best that was offered. However quite a lot of them are on amazingly good finance deals for such an expensive car. They are all going to start hitting from autumn / winter.How many 600LT's are we talking about "flooding" the market though from say November this year until Feb next year when a lot of those 2 year deals end. People talk about it like thee will be 100's of cars coming on to the market when in reality what will it be, 20 or so (base don the main dealers all seeming to have about 4/5 cars to get rid of when these deal started last year), which will likely be drip fed through the dealer network a few at a time.
I think most of the finance quotes above relate to Coupés not Spyders.
Back to the 570S for a point of reference on depreciation, I sold my 570S in December 2019 for £101k (2017 car with 2k miles) - my old car has just gone up for sale with a little over 8k miles for £97k. I put 3k miles on the car in the year I had it and lost £7k on it; lets assume the car sells for £95k - it's lost £12k over almost 3 years and almost 7k miles - is that really that bad? Still under warranty too, so only costs would have been servicing costs.
When I bought my 570S all the scare mongering on various internets pages told me it would be worth £70k/£75k by now...
I think most of the finance quotes above relate to Coupés not Spyders.
Back to the 570S for a point of reference on depreciation, I sold my 570S in December 2019 for £101k (2017 car with 2k miles) - my old car has just gone up for sale with a little over 8k miles for £97k. I put 3k miles on the car in the year I had it and lost £7k on it; lets assume the car sells for £95k - it's lost £12k over almost 3 years and almost 7k miles - is that really that bad? Still under warranty too, so only costs would have been servicing costs.
When I bought my 570S all the scare mongering on various internets pages told me it would be worth £70k/£75k by now...
Obafemi09 said:
How many 600LT's are we talking about "flooding" the market though from say November this year until Feb next year when a lot of those 2 year deals end. People talk about it like thee will be 100's of cars coming on to the market when in reality what will it be, 20 or so (base don the main dealers all seeming to have about 4/5 cars to get rid of when these deal started last year), which will likely be drip fed through the dealer network a few at a time.
I think most of the finance quotes above relate to Coupés not Spyders.
^This.I think most of the finance quotes above relate to Coupés not Spyders.
We are taking about a small number of unallocated cars........these will filter through but there will be no "flooding" of the market.
Sarnie said:
^This.
We are taking about a small number of unallocated cars........these will filter through but there will be no "flooding" of the market.
Get your finance stats up and we can check. We are taking about a small number of unallocated cars........these will filter through but there will be no "flooding" of the market.
I bet the majority are on finance deals, can't see many people who specced these from new at £220k plus.
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