50k MCL dealer contribution

[Candellara]

davek_964 said:

Is the warranty really that expensive?

It is a chunk of money - and I would prefer it cost less. But - on the Ferrari threads, the general view seems to be that the Ferrari warranty is very limited in what it covers - even if it's cheaper. Plenty of people seem to prefer Warranty Direct or similar. I've seen a post before saying that the convertible roof wasn't covered.

At least McLaren warranty is comprehensive. It is expensive, but it does seem to cover almost everything - so I'm not convinced people are comparing apples to apples.

Out of interest Dave, how much is the McLaren warranty?

[davek_964]

Candellara said:

Out of interest Dave, how much is the McLaren warranty?

Depends on age of car.

At +5 years (which is when it really gets pricey) - I think Sport is ~£3,600 and Super is ~£4,900. When I bought my 650, it was only 5 months from hitting 5 years old so although it came with a years warranty, I bought the second year because I could get it at the cheaper price (can't remember exactly but it was about £3,800 I think).

ETA : And there is always the option of taking it out of McLaren network and using Thorney. Think his is only ~£2,500 for all models. Bargain - and he is very well respected.

[Candellara]

davek_964 said:

Depends on age of car.

At +5 years (which is when it really gets pricey) - I think Sport is ~£3,600 and Super is ~£4,900. When I bought my 650, it was only 5 months from hitting 5 years old so although it came with a years warranty, I bought the second year because I could get it at the cheaper price (can't remember exactly but it was about £3,800 I think).

ETA : And there is always the option of taking it out of McLaren network and using Thorney. Think his is only ~£2,500 for all models. Bargain - and he is very well respected.

Interesting. The last time i purchased a Ferrari Power Warranty for my Stradale was in 2009 and the cost was £3000 per year a decade ago so i'd guess that the comparable Ferrari warranty isn't much different to that of McLarens?

As a lifelong Ferrari fan, as McLarens come down in price there is a point where i'll switch. As an example if a nice 12C Spider with less than 10k miles was £85k whilst a 2010 458 was 120k - i know which one i'd be driving. My point is, that this will undoubtedly have an effect on the values of those cars that compete with the McLarens as there are more car's than there are buyers.

Edited by Candellara on Friday 8th November 14:24

[Gameface]

DMC2 said:

Candellara said:

Why would you buy a Porsche, R8, Ferrari or Lambo at that price point when you can buy a McLaren? At circa £70k for a 12C or not much more for a much newer 570 - what amazing value?

Because the McLaren warranty renewal is ridiculously expensive compared to a Porsche or R8, and reliability issues of the McLaren and the fact you would be able to sell these other brands after owning for a year where as no dealer wants to touch a used McLaren.

Or because you want an NA engine.

[davek_964]

Candellara said:

As an example if a nice 12C Spider with less than 10k miles was £85k whilst a 2010 458 was 120k - i know which one i'd be driving.

They must be pretty close to that as a private sale.
When I went back for the second test drive in the 650, I noticed they had a volcano red 12C Spider in the showroom. It looked absolutely immaculate, mileage was pretty low - can't remember if it was under 10k, but certainly well under 15k and I think it was only marginally more than £100k.

Your logic is exactly why I ended up in a McLaren rather than a 458. I'm sure I would prefer the NA engine, but it bothers me much less than I expected.

[anonymous-user]

Gameface said:

DMC2 said:

Candellara said:

Why would you buy a Porsche, R8, Ferrari or Lambo at that price point when you can buy a McLaren? At circa £70k for a 12C or not much more for a much newer 570 - what amazing value?

Because the McLaren warranty renewal is ridiculously expensive compared to a Porsche or R8, and reliability issues of the McLaren and the fact you would be able to sell these other brands after owning for a year where as no dealer wants to touch a used McLaren.

Or because you want an NA engine.

Or perhaps you would prefer a Porsche, R8, Ferrari or Lambo..?

[Candellara]

davek_964 said:

They must be pretty close to that as a private sale.
When I went back for the second test drive in the 650, I noticed they had a volcano red 12C Spider in the showroom. It looked absolutely immaculate, mileage was pretty low - can't remember if it was under 10k, but certainly well under 15k and I think it was only marginally more than £100k.

Your logic is exactly why I ended up in a McLaren rather than a 458. I'm sure I would prefer the NA engine, but it bothers me much less than I expected.

I totally get that and if I was currently looking to purchase, i'd probably do the same.

[Durzel]

Candellara said:

Why would you buy a Porsche, R8, Ferrari or Lambo at that price point when you can buy a McLaren? At circa £70k for a 12C or not much more for a much newer 570 - what amazing value?

There's a multitude of reasons, really.

A Porsche and R8 would at the very least be less shouty, and both have dealers who are more "traditional".

What Ferrari or Lambos are at that price point? Lambos are comfortably more expensive than R8s even where they share identical engines & drivetrains.

Ferrari and to a lesser extent perhaps Lamborghini (although I don't know their market values that well) control the second hand prices very expertly. You don't see cheap Ferraris or any bonkers offers full stop, certainly not via e-shots.

McLarens are amazing cars I'm sure but if people on a mailing list are getting those offers it has to make you think that you're going to take a serious bath when you come to sell yours.

Edited by Durzel on Friday 8th November 17:42

[RSbandit]

Gameface said:

Or because you want an NA engine.

I had a Huracan for a day earlier in the yr, great noise, looked awesome but if you actually like driving whether its a nice road or on track a 570S is much sharper tool.

[av185]

£165k Performante is the only Lamborghini which would be focused enough but at this level a 675 is also tempting.

[sparta6]

RSbandit said:

Gameface said:

Or because you want an NA engine.

I had a Huracan for a day earlier in the yr, great noise, looked awesome but if you actually like driving whether its a nice road or on track a 570S is much sharper tool.

No doubt.
Although some enjoy hustling something with a few visceral and rough edges

[br d]

sparta6 said:

RSbandit said:

Gameface said:

Or because you want an NA engine.

I had a Huracan for a day earlier in the yr, great noise, looked awesome but if you actually like driving whether its a nice road or on track a 570S is much sharper tool.

No doubt.
Although some enjoy hustling something with a few visceral and rough edges

I test drove a Huracan after owning an LP560 for a year. I loved the Gallardo so much I fully expected to sign up for the Huracan straight away, I had already been picking colours and options. After driving it though I couldn't have been less interested, something about the car just didn't excite.
My lack of emotional response took me completely by surprise, I really thought I would be ordering it there and then.

Don't get me wrong I love Lambos but it just did nothing to warrant it's price tag. Purely subjective of course but the 650S I tested a week later was like night and day.

[Candellara]

br d said:

I test drove a Huracan after owning an LP560 for a year. I loved the Gallardo so much I fully expected to sign up for the Huracan straight away, I had already been picking colours and options. After driving it though I couldn't have been less interested, something about the car just didn't excite.
My lack of emotional response took me completely by surprise, I really thought I would be ordering it there and then.

Don't get me wrong I love Lambos but it just did nothing to warrant it's price tag. Purely subjective of course but the 650S I tested a week later was like night and day.

Viewed a local 2016 650s at the weekend with just 2500 miles- and was mightily impressed. Lovely looking car at not much over 100k and i'm sure a deal could be struck. Will probably buy one of these as the prices come down further but i'll wait to see how the prices move over the next 6 months.

Edited by Candellara on Sunday 10th November 18:13

[br d]

Candellara said:

Viewed a local 2016 650s at the weekend with just 2500 miles- and was mightily impressed. Lovely looking car at not much over 100k and i'm sure a deal could be struck. Will probably buy one of these as the prices come down further but i'll wait to see how the prices move over the next 6 months.

Edited by Candellara on Sunday 10th November 18:13

I paid way over double that for my 650S and loved every mile of it, why wait? At 100K that's the best Supercar experience you can possibly get. If it drops another 10K in 6 months all you've achieved is missing out on 6 months of driving it. Sure you've saved ten grand but hey, if you wait another 6 months longer you could save another ten grand. It's the sensible thing to do right?

But Death awaits.

Seriously though, Death is just rubbing his hands together and hoping you'll waste the precious and finite time you have left putting off everything you really want to do. When you're dragging in those last few breaths on your deathbed you're certain to say "I'm so glad I saved that 10 grand which made me about seventy pence compound interest. I mean, I could have been thrashing that insanely enjoyable Supercar around the lanes on a Sunday morning laughing out loud like a lunatic, just before the government made driving for fun illegal"

Think about it.

[RSbandit]

Great post and that is why I’m looking out for a nice 570s coupe at the moment ...unfortunately dealers are ridiculously slow in coming back with offers on my Aston it’s like pulling teeth.

[tyrrell]

That must be post of the year !!

[anonymous-user]

Awesome post by Brd

Edited by anonymous-user on Monday 11th November 08:22

[Candellara]

br d said:

I paid way over double that for my 650S and loved every mile of it, why wait? At 100K that's the best Supercar experience you can possibly get. If it drops another 10K in 6 months all you've achieved is missing out on 6 months of driving it. Sure you've saved ten grand but hey, if you wait another 6 months longer you could save another ten grand. It's the sensible thing to do right?

But Death awaits.

Seriously though, Death is just rubbing his hands together and hoping you'll waste the precious and finite time you have left putting off everything you really want to do. When you're dragging in those last few breaths on your deathbed you're certain to say "I'm so glad I saved that 10 grand which made me about seventy pence compound interest. I mean, I could have been thrashing that insanely enjoyable Supercar around the lanes on a Sunday morning laughing out loud like a lunatic, just before the government made driving for fun illegal"

Think about it.

Yes, I tend to agree within reason but I've been there, seen it, done it when it comes to sports and supercar ownership. I took exactly the same approach as you mention in 2005 with my first Ferrari. Many years on, i'm much more circumspect and view these things purely as expensive toys. Although they can bring enjoyment they're also a liability (not only financially but also in terms of time). I'm fortunate enough to have owned a dozen or so
specialist cars since 2005 and I can happily (and fortunately) say that the entire journey has been completely cost neutral for me (largely due to a prudent approach to acquisition and a rising market)

When i'm dragging in my last few breaths, i'll be thinking that I was glad to have spent as much time as possible with my two young children rather than thrashing around in a sports car. (Part of the reason that the two sports cars I currently own probably cover less than 2000 miles as year between them)

I've never owned a McLaren and will probably scratch that itch but family 1st, me 2nd and I don't wish to catch a falling knife as that really detracts from the ownership experience and it isn't as though I've currently got an empty garage. I do get your point and if it was my first sports car and I was a little more gung ho then i'd have probably deposited on Saturday.

[WCZ]

br d said:

I paid way over double that for my 650S and loved every mile of it, why wait? At 100K that's the best Supercar experience you can possibly get. If it drops another 10K in 6 months all you've achieved is missing out on 6 months of driving it. Sure you've saved ten grand but hey, if you wait another 6 months longer you could save another ten grand. It's the sensible thing to do right?

But Death awaits.

Seriously though, Death is just rubbing his hands together and hoping you'll waste the precious and finite time you have left putting off everything you really want to do. When you're dragging in those last few breaths on your deathbed you're certain to say "I'm so glad I saved that 10 grand which made me about seventy pence compound interest. I mean, I could have been thrashing that insanely enjoyable Supercar around the lanes on a Sunday morning laughing out loud like a lunatic, just before the government made driving for fun illegal"

Think about it.

fair enough but it varies from person to person, when I bought my first properly expensive car I was buying it under that exact mentality. I didn't even have a house at the time! depreciation came into the decision making massively as for me it was a huge amount of money.

I've seen other people never recover from depreciation too, a friend had a 911 turbo new when his business was doing well and he treated himself. since then he's part ex'd it for newer models from porsche and now he's driving a boxster worth about £15k and it's looking unlikely he'll ever be able to afford what he once had.

[garystoybox]

Candellara said:

Yes, I tend to agree within reason but I've been there, seen it, done it when it comes to sports and supercar ownership. I took exactly the same approach as you mention in 2005 with my first Ferrari. Many years on, i'm much more circumspect and view these things purely as expensive toys. Although they can bring enjoyment they're also a liability (not only financially but also in terms of time). I'm fortunate enough to have owned a dozen or so
specialist cars since 2005 and I can happily (and fortunately) say that the entire journey has been completely cost neutral for me (largely due to a prudent approach to acquisition and a rising market)

When i'm dragging in my last few breaths, i'll be thinking that I was glad to have spent as much time as possible with my two young children rather than thrashing around in a sports car. (Part of the reason that the two sports cars I currently own probably cover less than 2000 miles as year between them)

I've never owned a McLaren and will probably scratch that itch but family 1st, me 2nd and I don't wish to catch a falling knife as that really detracts from the ownership experience and it isn't as though I've currently got an empty garage. I do get your point and if it was my first sports car and I was a little more gung ho then i'd have probably deposited on Saturday.

I couldn’t agree more. Although I love my ‘toys’ to be fair that’s all they are. If they all had to go back tomorrow it wouldn’t really bother me that much. You should be able to have a fulfilled and joyful life without spending £100,000’s on baubles... these things are just the icing on the cake; a little reward to oneself. I would hope that it would be last thing you’d be thinking off on your deathbed. The idea that you should be blasé or gung-hung re depreciation doesn't sit well with me. The long-term financial well-being of my family override any quick fix from a car. Hence, for me being savvy and prudent in timing your purchases is understandable when you are talking about non essential toys. God I sound such as misery! Must add that I felt differently when I was 27 and not today’s 47!