600LT 1 year cost to own

600LT 1 year cost to own

Author
Discussion

Sarnie

8,150 posts

215 months

Tuesday 14th November 2023
quotequote all
The previous owner was on the 600LT whatsapp group, sold for £150k earlier this year, only done 200 miles since apparently......

homeimprovements

196 posts

181 months

Tuesday 14th November 2023
quotequote all
Sarnie said:
The previous owner was on the 600LT whatsapp group, sold for £150k earlier this year, only done 200 miles since apparently......
Sarnie

What 600lt what's app group is that. Picked my lime green one up from Alastair bols on saturday. Waiting fo blog book so I can join the McLaren owners club. Is there any other clubs worth joining as intending to go on a few trips next year

Implus1

186 posts

46 months

Sunday 26th November 2023
quotequote all
Has resurfaced at a trader with a little mark up!

http://www.autotrader.co.uk/car-details/2023112342...

BlackR8

461 posts

83 months

Monday 27th November 2023
quotequote all
Implus1 said:
Has resurfaced at a trader with a little mark up!

http://www.autotrader.co.uk/car-details/2023112342...
Thats a tidy £20k+ profit, I guess its a good time to be a dealer as they can buy at very low prices as not many private buyers around to compete with,and therefore make some nice margins.

MDL111

7,160 posts

183 months

Monday 27th November 2023
quotequote all
10k for front louvres - that seems like a lot for a couple of holes smile

Sarnie

8,150 posts

215 months

Monday 27th November 2023
quotequote all
MDL111 said:
10k for front louvres - that seems like a lot for a couple of holes smile
The whole panel is carbon.......

Sarnie

8,150 posts

215 months

Monday 27th November 2023
quotequote all
MDL111 said:
10k for front louvres - that seems like a lot for a couple of holes smile
The whole panel is carbon.......

MDL111

7,160 posts

183 months

Monday 27th November 2023
quotequote all
Sarnie said:
MDL111 said:
10k for front louvres - that seems like a lot for a couple of holes smile
The whole panel is carbon.......
Fair enough then (as long as it was not carbon anyway)

Sarnie

8,150 posts

215 months

Monday 27th November 2023
quotequote all
MDL111 said:
Fair enough then (as long as it was not carbon anyway)
The standard wings are not carbon.....

Gibbo205

3,572 posts

213 months

Monday 27th November 2023
quotequote all
MDL111 said:
Fair enough then (as long as it was not carbon anyway)
For me louvres were an absolute must have, I mean would you ask Porsche to delete the louvres on a GT3 RS.

It is easy money for McLaren to charge for stuff which should just be factory fit on an LT anyway.

Boyd Rees

153 posts

104 months

Tuesday 28th November 2023
quotequote all
Implus1 said:
Has resurfaced at a trader with a little mark up!

http://www.autotrader.co.uk/car-details/2023112342...
My old car.

I sold it to a collector of WRC cars up in Scotland who bought it cash without even viewing it. He drove it a few times before then deciding to move it on.

Geoffcapes

811 posts

170 months

Tuesday 5th December 2023
quotequote all
That is stunning! cool

morcheenie

4 posts

28 months

Tuesday 5th December 2023
quotequote all
BlackR8 said:
Thats a tidy £20k+ profit, I guess its a good time to be a dealer as they can buy at very low prices as not many private buyers around to compete with,and therefore make some nice margins.
Where was it previously? Sorry Ive missed the thread on this one

Sarnie

8,150 posts

215 months

Tuesday 5th December 2023
quotequote all
morcheenie said:
Where was it previously? Sorry Ive missed the thread on this one
It was for sale privately on PH......

macdeb

8,574 posts

261 months

Tuesday 5th December 2023
quotequote all
Boyd Rees said:
Implus1 said:
Has resurfaced at a trader with a little mark up!

http://www.autotrader.co.uk/car-details/2023112342...
My old car.

I sold it to a collector of WRC cars up in Scotland who bought it cash without even viewing it. He drove it a few times before then deciding to move it on.
lick Very nice, must've been difficult choice moving that on.

siheb

151 posts

191 months

Tuesday 5th December 2023
quotequote all
I’m in the market for one of these at the moment too. Just looking into the numbers:

I didn’t see the original CC/private sale price but assuming that it was around £120k and it’s now up for £140k

Unless he’s sat on a tonne of cash the buying dealer’s cost of capital from a business loan must be pretty high, but let’s go with 5% as that’s the interest forgone in the bank. So at £120k x 5% / 12 that’s £500 pcm off his profit for every 4 or so weeks he holds the car.

Then he’s got all the other usual things to worry about such as premises rental, utilities, staff costs (inc his own time), insurance, marketing/advertising, and then the likelihood of getting chipped a few k on the asking price, post sales warranty, etc, etc

I’m no car dealer but unless you shift 100’s of cars a week to spread these overheads over then I bet they all add up and dent your profit.

So really is he making £20k profit?

I suspect it’s an awful lot less. And that’s based on a relatively quickly sale. If it takes a few months over winter, in a declining market, then this could actually be quite a risky purchase… despite the initial perception of a large margin to be made.


BlackR8 said:
Thats a tidy £20k+ profit, I guess its a good time to be a dealer as they can buy at very low prices as not many private buyers around to compete with,and therefore make some nice margins.
Edited by siheb on Tuesday 5th December 23:56

Sarnie

8,150 posts

215 months

Wednesday 6th December 2023
quotequote all
siheb said:
Edited by siheb on Tuesday 5th December 23:56
You are assuming the dealer owns the car.......

Streetbeat

1,050 posts

82 months

Wednesday 6th December 2023
quotequote all
siheb said:
Edited by siheb on Tuesday 5th December 23:56
I agree its not as clear cut as a £20k profit if they have actually bought it but mostly it will come down to how quickly they shift it. Other factors to consider are whether they take a p/ex on it, arrange finance etc to bolster their profit margins.

I wouldnt say the market is declining, its pretty static, prices are back to last years pre Xmas average.

PinkHouse

1,585 posts

63 months

Wednesday 6th December 2023
quotequote all
Streetbeat said:
siheb said:
Edited by siheb on Tuesday 5th December 23:56
I agree its not as clear cut as a £20k profit if they have actually bought it but mostly it will come down to how quickly they shift it. Other factors to consider are whether they take a p/ex on it, arrange finance etc to bolster their profit margins.

I wouldnt say the market is declining, its pretty static, prices are back to last years pre Xmas average.
The market for these has definitely held up better than others 720s for example and far better than most 911s which are currently cratering. However they are around £10k less in retail prices compared to last winter and probably £20k less in trade-in values

Streetbeat

1,050 posts

82 months

Wednesday 6th December 2023
quotequote all
PinkHouse said:
The market for these has definitely held up better than others 720s for example and far better than most 911s which are currently cratering. However they are around £10k less in retail prices compared to last winter and probably £20k less in trade-in values
Not from what i remember, documented in the sports series thread, £130k and above, which is where they are now.

720 was bound to drop a bit with the 750s coming out, i think the market is reflecting that, but the pickings are slim for a nice one at under £140k, mostly white, lux spec or relatively leggy mileage at that price point.

911's were always way way over priced and over hyped anyway (supply and demand), personally it always had to bite them in the backside at some point.