McLaren P1- the first car that will never depreciate

[SydneyBridge]

according to this article and a chap who thinks he knows

http://www.telegraph.co.uk/cars/mclaren/news/mclar...

not sure I agree, I think after the initial excitement things will calm down.

Has any car never depreciated before?- even the F1 was selling for a lot under list for a while

[0llie]

911 4.0 RS, and on a smaller scale, the BMW 1M.

The article said:

One of our clients said he was considering selling, but then read the news about Rowan Atkinson’s McLaren F1 going on sale at an estimated £8 million. They think it will follow in the footsteps of the F1 and in time be worth millions.

Not quite sure what to make of this.

[graeme4130]

A lot will depend on what Mclaren makes next in that end of the line up
If it follows the same path as the 12c-650 and suddenly looks less attractive, it'll soon depreciate as owners jump ship into the new 'best thing'
Currently, it's the best road car they make and it's been received very well, so can't see them dropping in value any time soon bar a global financial meltdown
Bet then again, who knows.....

[Alpinestars]

I don't think the 4.0RS or Enzo were ever below list and unlikely to ever be below list, so a very questionable claim.

[isaldiri]

Alpinestars said:

I don't think the 4.0RS or Enzo were ever below list and unlikely to ever be below list, so a very questionable claim.

Think LHD 4.0s did go below list. Agreed on Enzos though, really don't think those ever went below.

[thegreenhell]

0llie said:

911 4.0 RS, and on a smaller scale, the BMW 1M.

The article said:

One of our clients said he was considering selling, but then read the news about Rowan Atkinson’s McLaren F1 going on sale at an estimated £8 million. They think it will follow in the footsteps of the F1 and in time be worth millions.

Not quite sure what to make of this.

I can't see the P1 ever being valued similarly to the F1. It isn't epoch-defining in the way the F1 was, they've made far too many of them (roughly four times the number of F1's), it has no competition history like the F1 had, and the guts of the car, the Monocell and 3.8 V8 twin-turbo, are too similar to the more mass-produced lower models in the McLaren range. On paper it looks too much like a 12C+ with added hybrid tech and fancy active aerodynamics. There is just too much of the F1's story that is missing from the P1 for it to ever have the same appeal.

[cgt2]

0llie said:

Not quite sure what to make of this.

I saw a 15 month old 1M traded at £12000 below new list in 2013. I guess that same car is now worth a lot more.

[elms]

A load of tosh in that article.

[Davey S2]

0llie said:

911 4.0 RS, and on a smaller scale, the BMW 1M.

The article said:

One of our clients said he was considering selling, but then read the news about Rowan Atkinson’s McLaren F1 going on sale at an estimated £8 million. They think it will follow in the footsteps of the F1 and in time be worth millions.

Not quite sure what to make of this.

Not comparable IMO. Build numbers for one thing.

Also when the F1 came out it was in another league of tech and performance to the competitors. P1 has a lot more direct competitors with very similar tech and performance - LaF & 918.

Time will tell if the P1 derivatives will earn any motorsport history.

[mark0006]

Amazing car, take a look at the internals. Its a work of art inside and out.



From the article:
This what a McLaren P1 looks like taken apart, ever wonder what the inner engineering of the McLaren P1 looks like. Well here are detailed pictures of its guts.

26 internal pictures in the gallery

.

[evojam]

So much thought went into the F1,as an overall design package I don't think it will ever be beaten,as much as I like the P1 the original F1 is McLarens Concorde moment for me.Snapped this Swiss plated F1 at Hampton Court,could of admired it for hours!

[5517]

F1 had 4000 man hours to make each carbon tub.

12c was down to 40.

[JB12C]

SydneyBridge said:

according to this article and a chap who thinks he knows

http://www.telegraph.co.uk/cars/mclaren/news/mclar...

not sure I agree, I think after the initial excitement things will calm down.

Has any car never depreciated before?- even the F1 was selling for a lot under list for a while

I think the Ferrari 288GTO is the only car never to sell below list.

[Russell996]

5517 said:

F1 had 4000 man hours to make each carbon tub.

12c was down to 40.

You mean 4 hours for a 12C and I think that is simply a curing time rather than man hours!

[mattf93]

evojam said:

So much thought went into the F1,as an overall design package I don't think it will ever be beaten,as much as I like the P1 the original F1 is McLarens Concorde moment for me.Snapped this Swiss plated F1 at Hampton Court,could of admired it for hours!

https://www.youtube.com/watch?v=4bziUYnN8Mg
I think that evo video is pretty amazing, can't believe one owner has the pleasure of owning them both (and it sounds like both are kept in the south of france? On British plates). Evo I think have got a separate videos for both cars, and Chris Harris has done an 'ownership' video on one too.
I don't think the P1 will ever eclipse the F1. For a start theres the racing history, then theres the top speed record it held for many years until I believe the Veyron eclipsed it? Then there's the fact it sounds incredible, has a manual gearshift and a CENTRAL driving position, that no manufacturer has since copied to the same effect.

The significant lower production numbers of the F1 also have a big impact on values. That said in 10 years tim it will be very interesting to see if there is any disparity with the big 3, I think the Porsche will fair the worst due to numbers. However It will be interesting to see how the LaF/P1 do in the residuals stake, I really hope the P1 will be above the LaF but initial purchase price of the LaF was quite a bit higher.
I have 'heard' of several LaF owners being offered £1Million + on top of what they paid for their LaF's which sounds bonkers to me.

I don't think a Speciale Aperta will sell below list price either, I don't think in RHD the 599GTO did either. (Ferrari always seem to have strong values). Pagani always seem to fair well in this respect as well, I see their cars as automotive art as well as a driving experience

Just some comments from a procrastinating student

[thegreenhell]

mattf93 said:

I don't think a Speciale Aperta will sell below list price either, I don't think in RHD the 599GTO did either. (Ferrari always seem to have strong values). Pagani always seem to fair well in this respect as well, I see their cars as automotive art as well as a driving experience

That's not too difficult for a car born into such a buoyant market. There was a time when you could say the same about the relatively humble 328 GTB/GTS. The real test will be how their values react when the economic cycle turns.

I'm sure ten or so years ago early Pagani Zondas could be found for less than £200k. They have certainly ridden the current wave extremely well, helped no doubt also by the the increased brand value of Pagani over that time. Ten years ago they were still relatively young and unproven. I think the Zonda will one day be seen as an icon of its time, if it isn't already, and is potentially more likely to follow the McLaren F1 into the stratosphere than the P1 is.

[mattf93]

thegreenhell said:

That's not too difficult for a car born into such a buoyant market. There was a time when you could say the same about the relatively humble 328 GTB/GTS. The real test will be how their values react when the economic cycle turns.

I'm sure ten or so years ago early Pagani Zondas could be found for less than £200k. They have certainly ridden the current wave extremely well, helped no doubt also by the the increased brand value of Pagani over that time. Ten years ago they were still relatively young and unproven. I think the Zonda will one day be seen as an icon of its time, if it isn't already, and is potentially more likely to follow the McLaren F1 into the stratosphere than the P1 is.

Possibly right in relation to Zondas, Metcalfe sold his for £220,000 more than he paid for it, and had put considerable mileage on it (seem to remember him saying at sale it had 54,000 KM on it? Which for a zonda is quite a lot it would seem.
I think the more limited editions like the Cinque will always do extremely well (Hartley briefly had on for sale - rumours are £2.5 was the agreed sum but not sure on the reality of that figure).

I think the later models will do much better, especially those with manuals (as not all were). A chap on here had one which was an F with pretty much all the Cinque upgrades added by the previous owner - the current owner of that very car (red coupe gold wheels) believe it or not is Horatio Pagani and that is now his personal car.
The Previous owner (who is on here) has since moved on to F1 ownership.

I personally now think as well as a car, that pagani are automotive art in my eyes, yes they beg to be driven, but just to look at they are sensational, I love the way Pagani do things - and their relations with customers is exceptional by all accounts.