600LT 1 year cost to own
Discussion
Streetbeat said:
Conveniently theres none advertised at that.....or even close.
My business partner has been looking at the Redline 600LT spider and thinks a deal can be done in the high 120’s. Ok not a £120k but not a million miles off. I don’t know the Mc market, but think if owning any supercar for a year best to write off £40k in your head and if you get out for less then see it as a win.Edited by garystoybox on Tuesday 24th October 22:46
The problem is keeping for one year. The dealer margins, both ends, just wipe out £20-40k.
If you want to run a supercar at a sensible cost you need to hang onto it longer term, makes absolutely no financial sense to buy and sell so quickly, if financial protection is what you are looking for.
For example a 12C 5 years ago could be had for £95k (I know I sold mine then) Now a good one is £80k. £15k in 5 years or £3k pa.
Gibbo's excellent post gives you all the 'actual' running costs. Both my McLarens have cost me nothing more than the £5k warranty and £1k service per year over 7 years and 27k miles. I have spent nothing additional other than tyres, insurance, petrol & vehicle tax. Neither of them suffered any noteworthy depreciation as I kept them 3 years +
If you want to run a supercar at a sensible cost you need to hang onto it longer term, makes absolutely no financial sense to buy and sell so quickly, if financial protection is what you are looking for.
For example a 12C 5 years ago could be had for £95k (I know I sold mine then) Now a good one is £80k. £15k in 5 years or £3k pa.
Gibbo's excellent post gives you all the 'actual' running costs. Both my McLarens have cost me nothing more than the £5k warranty and £1k service per year over 7 years and 27k miles. I have spent nothing additional other than tyres, insurance, petrol & vehicle tax. Neither of them suffered any noteworthy depreciation as I kept them 3 years +
garystoybox said:
My business partner has been looking at the Redline 600LT spider and thinks a deal can be done in the high 120’s. Ok not a £120k but not a million miles off.
Thats the lowest spec 600LT I've ever seen. And it still wouldn't be "600LT's popping up at £120k-£125k"......Streetbeat said:
Conveniently theres none advertised at that.....or even close.
There’s a red spider on autotrader at 132 that’s not far off 20s and I’m sure a deal can be done,The fact my customer has traded in a 720s he might have made a damn good deal my point is they’re not going to stay at 150k and they’re on a downward spiral
ghost83 said:
There’s a red spider on autotrader at 132 that’s not far off 20s and I’m sure a deal can be done,
The fact my customer has traded in a 720s he might have made a damn good deal my point is they’re not going to stay at 150k and they’re on a downward spiral
As has been pointed out, it is a poverty spec car.The fact my customer has traded in a 720s he might have made a damn good deal my point is they’re not going to stay at 150k and they’re on a downward spiral
Perfect example is would you buy a GT3 RS if it did not have wing vents or bucket seats, the simple answer is yes but at a much lower price.
600 LT's are very spec sensitive and if that Spider with that low spec and mileages sell for close to 130k, then it supports why the better spec cars have been selling at 150k plus pretty quickly.
Gibbo205 said:
As has been pointed out, it is a poverty spec car.
Perfect example is would you buy a GT3 RS if it did not have wing vents or bucket seats, the simple answer is yes but at a much lower price.
600 LT's are very spec sensitive and if that Spider with that low spec and mileages sell for close to 130k, then it supports why the better spec cars have been selling at 150k plus pretty quickly.
Indeed, AB sold the Lime Green Spider for £153k within days......Perfect example is would you buy a GT3 RS if it did not have wing vents or bucket seats, the simple answer is yes but at a much lower price.
600 LT's are very spec sensitive and if that Spider with that low spec and mileages sell for close to 130k, then it supports why the better spec cars have been selling at 150k plus pretty quickly.
Thanks to all for your input.
So we appear to have a spread of £10k - £50k for one year of ownership. Are the higher figures assuming the car will lose value and also finance (interest) costs?
Someone asked what I was expecting - probably £20k.
Would it be best to sell on a SOR basis then? Is the £150k car maybe £135k in a year and paying a fee of what, £5-10k? Making cost £20-25k? Realistic or just setting myself up?
So we appear to have a spread of £10k - £50k for one year of ownership. Are the higher figures assuming the car will lose value and also finance (interest) costs?
Someone asked what I was expecting - probably £20k.
Would it be best to sell on a SOR basis then? Is the £150k car maybe £135k in a year and paying a fee of what, £5-10k? Making cost £20-25k? Realistic or just setting myself up?
Nuttbelle said:
Whilst comfort seats wouldn't be my choice in most cars let alone a LT I don't think the red car is quite poverty spec.
P1 seats could be easily added but at a hefty £10k so I would be looking to still get a "good deal" at £125k
If you don't think the red car isn't quite poverty spec, please tell me one cost option that that car has, that could be removed to make it a lower spec?P1 seats could be easily added but at a hefty £10k so I would be looking to still get a "good deal" at £125k
Sarnie said:
Nuttbelle said:
Whilst comfort seats wouldn't be my choice in most cars let alone a LT I don't think the red car is quite poverty spec.
P1 seats could be easily added but at a hefty £10k so I would be looking to still get a "good deal" at £125k
If you don't think the red car isn't quite poverty spec, please tell me one cost option that that car has, that could be removed to make it a lower spec? It doesn't even have mats............P1 seats could be easily added but at a hefty £10k so I would be looking to still get a "good deal" at £125k
bryce86 said:
Thanks to all for your input.
So we appear to have a spread of £10k - £50k for one year of ownership. Are the higher figures assuming the car will lose value and also finance (interest) costs?
Someone asked what I was expecting - probably £20k.
Would it be best to sell on a SOR basis then? Is the £150k car maybe £135k in a year and paying a fee of what, £5-10k? Making cost £20-25k? Realistic or just setting myself up?
I think people are saying the dealer spread alone is going to be 10-20k per end (so x2 if you are buying and selling through a dealer). I can’t see you getting to a 20-25k total cost.So we appear to have a spread of £10k - £50k for one year of ownership. Are the higher figures assuming the car will lose value and also finance (interest) costs?
Someone asked what I was expecting - probably £20k.
Would it be best to sell on a SOR basis then? Is the £150k car maybe £135k in a year and paying a fee of what, £5-10k? Making cost £20-25k? Realistic or just setting myself up?
bryce86 said:
Thanks to all for your input.
So we appear to have a spread of £10k - £50k for one year of ownership. Are the higher figures assuming the car will lose value and also finance (interest) costs?
Someone asked what I was expecting - probably £20k.
Would it be best to sell on a SOR basis then? Is the £150k car maybe £135k in a year and paying a fee of what, £5-10k? Making cost £20-25k? Realistic or just setting myself up?
Yeah, that sounds about right to me. For SoR you need to find a trustworthy dealer (but there are a few known good ppl), and you need to allow up to say 6 months to sell the car (if you put a convertible on the market next November, it might not sell til Spring). But that takes out the biggest predictable cost.So we appear to have a spread of £10k - £50k for one year of ownership. Are the higher figures assuming the car will lose value and also finance (interest) costs?
Someone asked what I was expecting - probably £20k.
Would it be best to sell on a SOR basis then? Is the £150k car maybe £135k in a year and paying a fee of what, £5-10k? Making cost £20-25k? Realistic or just setting myself up?
There's a lot of downside risk, the world economy could sink into depression, McLaren could go out of business, you could need a replacement set of brake discs. But £25k total excluding finance cost doesn't feel an unlikely sum if you go the SoR route I think.
I think it's impossible to be able to put a figure on the costs to get into and out of any car in 12 months.
To minimise your loss, you can look to buy privately (I sold my 600LT privately).
And look to sell it privately or on SOR. Removing McLaren themselves will save you a LOT of money, just look to buy and sell a car with McLaren warranty.
My advice would be, no matter what car you buy, is buy the best car you can afford, as when you come to sell, someone else will desire the same and pay for it and these cars are very spec sensitive. A really low spec cheap car will always sell at the right price but you might need to take a bath to get it sold......
To minimise your loss, you can look to buy privately (I sold my 600LT privately).
And look to sell it privately or on SOR. Removing McLaren themselves will save you a LOT of money, just look to buy and sell a car with McLaren warranty.
My advice would be, no matter what car you buy, is buy the best car you can afford, as when you come to sell, someone else will desire the same and pay for it and these cars are very spec sensitive. A really low spec cheap car will always sell at the right price but you might need to take a bath to get it sold......
You guys are aware that the asking price at AB is usually far different from the actual selling price, don't you?
Then remove the commission and prep costs, the owners of £153k advertised cars are doing very well to have £140k returned.
At paying over £150k for a 600LT, you are trying to catch a knife that had previously been through this cycle and thrown back up in the air again.
Great cars but when you could have a 2019 spider in 2020 for £135k, the prices are going one way, unfortunately.
It would be a very brave person to buy and hope to jump back out within 12mths hoping to have made a minimal loss.
Regards comments about 'poverty spec'.
A lot of buyers are interested in the car and its capabilities.
Securing the red spider at £30k less than others advertised shall make sense to purchasers not fussed by 'shiny bits'.
Then remove the commission and prep costs, the owners of £153k advertised cars are doing very well to have £140k returned.
At paying over £150k for a 600LT, you are trying to catch a knife that had previously been through this cycle and thrown back up in the air again.
Great cars but when you could have a 2019 spider in 2020 for £135k, the prices are going one way, unfortunately.
It would be a very brave person to buy and hope to jump back out within 12mths hoping to have made a minimal loss.
Regards comments about 'poverty spec'.
A lot of buyers are interested in the car and its capabilities.
Securing the red spider at £30k less than others advertised shall make sense to purchasers not fussed by 'shiny bits'.
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