RE: McLaren 540C: Spotted
Discussion
B17NNS said:
What’s an extended warranty on used one? A quick google suggests circa £5k PA.If that’s the case and you really can rent one for £500 a month why would anyone buy used? No tyres, no maintenance, no repairs.
No wonder every Tom, Dick and YouTuber is driving one.
B) that finance example is on a used car not a new one
Brooking10 said:
JerryDXB said:
Todd Bonzalez said:
I'd also like to know this if anyone has any details they could send me?
I was sent this recently and suspect it is what people are referring to/similar ...
I have no idea where it originated nor any interest as I live several thousand miles away from the UK. Therefore I cannot answer further questions on it. I have, however, dropped huge amounts of money on McLaren ownership over the last 7 years and hence this looked like a fairly cheap way of getting into a McLaren for a year!
£11k for a year’s McLaren ownership with a PCP give back as opposed to a BP balloon is some deal.
My advice to anybody who has a spare £11k, loves cars and can achieve this deal would be don’t hesitate !
garyhun said:
Brooking10 said:
JerryDXB said:
Todd Bonzalez said:
I'd also like to know this if anyone has any details they could send me?
I was sent this recently and suspect it is what people are referring to/similar ...I have no idea where it originated nor any interest as I live several thousand miles away from the UK. Therefore I cannot answer further questions on it. I have, however, dropped huge amounts of money on McLaren ownership over the last 7 years and hence this looked like a fairly cheap way of getting into a McLaren for a year!
£11k for a year’s McLaren ownership with a PCP give back as opposed to a BP balloon is some deal.
My advice to anybody who has a spare £11k, loves cars and can achieve this deal would be don’t hesitate !
£115k loan at 2.6%?
What kind of security would that be based on? The average joe on the street can't get a £115k unsecured loan.
Edited by p1stonhead on Thursday 18th April 09:04
JerryDXB said:
Todd Bonzalez said:
I'd also like to know this if anyone has any details they could send me?
I was sent this recently and suspect it is what people are referring to/similar ...I have no idea where it originated nor any interest as I live several thousand miles away from the UK. Therefore I cannot answer further questions on it. I have, however, dropped huge amounts of money on McLaren ownership over the last 7 years and hence this looked like a fairly cheap way of getting into a McLaren for a year!
Brooking10 said:
B17NNS said:
What’s an extended warranty on used one? A quick google suggests circa £5k PA.If that’s the case and you really can rent one for £500 a month why would anyone buy used? No tyres, no maintenance, no repairs.
No wonder every Tom, Dick and YouTuber is driving one.
B) that finance example is on a used car not a new one
RSbandit said:
Which Aston did he have and what went wrong, seems crazy money for a years ownership...currently have V12V and its been v reliable for the year I've owned it (touch wood), just had its annual service all was good.
DBS. It was a nightmare from start to finish. Pretty much everything that could go wrong did, and loads of random faults that were impossible to track down 
like I say, in my experience any high performance car can be expensive, I’m not sure any brand is better or worse than any other. You just have to hope you don’t get a lemon.As I’m looking into getting a 570 I’ve been digging into warranty, running costs and reliability and McLaren seems pretty good so far.
JerryDXB said:
Todd Bonzalez said:
I'd also like to know this if anyone has any details they could send me?
I was sent this recently and suspect it is what people are referring to/similar ...I have no idea where it originated nor any interest as I live several thousand miles away from the UK. Therefore I cannot answer further questions on it. I have, however, dropped huge amounts of money on McLaren ownership over the last 7 years and hence this looked like a fairly cheap way of getting into a McLaren for a year!
Also looks like a deal that Ferrari did or still do that you basically just pay off the interest.
Never you mind said:
Looks a good deal but will the car be worth the 114K ballon payment at the end of the year?
Also looks like a deal that Ferrari did or still do that you basically just pay off the interest.
I think you’re pretty much just explaining how PCP works to yourself there.Also looks like a deal that Ferrari did or still do that you basically just pay off the interest.
Worst case, that deal costs you £11k. Best case it costs you nothing if the car holds its value above the discounted amount. But £11k to own a 570s for a year (excluding fuel and tyre costs) is not exactly a bad deal. Of course owning a £3k 5 series for a year would be cheaper, but honestly, there aren’t many ways of owning a supercar for this little money. Hell....an M2 would cost you more over the same length of time...
RacerMike said:
Never you mind said:
Looks a good deal but will the car be worth the 114K ballon payment at the end of the year?
Also looks like a deal that Ferrari did or still do that you basically just pay off the interest.
I think you’re pretty much just explaining how PCP works to yourself there.Also looks like a deal that Ferrari did or still do that you basically just pay off the interest.
Worst case, that deal costs you £11k. Best case it costs you nothing if the car holds its value above the discounted amount. But £11k to own a 570s for a year (excluding fuel and tyre costs) is not exactly a bad deal. Of course owning a £3k 5 series for a year would be cheaper, but honestly, there aren’t many ways of owning a supercar for this little money. Hell....an M2 would cost you more over the same length of time...
Never you mind said:
garyhun said:
Who cares, just walk away and it’s still the cheapest way to run a 570 for a year.
Doesn't look like one of those deals you can walk away from? If you can just park it up at your local Mc dealer after a year and walk then yes it's cheaper than a M4 for example.p1stonhead said:
RacerMike said:
Never you mind said:
Looks a good deal but will the car be worth the 114K ballon payment at the end of the year?
Also looks like a deal that Ferrari did or still do that you basically just pay off the interest.
I think you’re pretty much just explaining how PCP works to yourself there.Also looks like a deal that Ferrari did or still do that you basically just pay off the interest.
Worst case, that deal costs you £11k. Best case it costs you nothing if the car holds its value above the discounted amount. But £11k to own a 570s for a year (excluding fuel and tyre costs) is not exactly a bad deal. Of course owning a £3k 5 series for a year would be cheaper, but honestly, there aren’t many ways of owning a supercar for this little money. Hell....an M2 would cost you more over the same length of time...
For me....got to say I'm tempted if I could actually get this deal still. I'm not sure it exists anymore sadly, but it'll be interesting to see if anyone here succeeds. Slightly more sensible money might be on a 981 Cayman GT4 once the new one's out (they've already dipped into the £70s now) but it's a totally different car to a 570S....
RacerMike said:
p1stonhead said:
RacerMike said:
Never you mind said:
Looks a good deal but will the car be worth the 114K ballon payment at the end of the year?
Also looks like a deal that Ferrari did or still do that you basically just pay off the interest.
I think you’re pretty much just explaining how PCP works to yourself there.Also looks like a deal that Ferrari did or still do that you basically just pay off the interest.
Worst case, that deal costs you £11k. Best case it costs you nothing if the car holds its value above the discounted amount. But £11k to own a 570s for a year (excluding fuel and tyre costs) is not exactly a bad deal. Of course owning a £3k 5 series for a year would be cheaper, but honestly, there aren’t many ways of owning a supercar for this little money. Hell....an M2 would cost you more over the same length of time...
For me....got to say I'm tempted if I could actually get this deal still. I'm not sure it exists anymore sadly, but it'll be interesting to see if anyone here succeeds. Slightly more sensible money might be on a 981 Cayman GT4 once the new one's out (they've already dipped into the £70s now) but it's a totally different car to a 570S....
p1stonhead said:
I’d imagine qualifying criteria will be quite high. As I said, not everyone can get a £115k loan very easily.
The loan isn't actually £115k though is it? You're liability that you need to secure is £6k (£120,000 + £5,000 interest - £5,000 deposit - £114,000 GFV). I have zero financial qualifications, and genuinely could (or rather am) be totally wrong, but my friend who's taken out some fairly huge PCP deals for stuff has never really had any problem getting the finance approved. Surely the car is big enough security against the loan?RacerMike said:
p1stonhead said:
I’d imagine qualifying criteria will be quite high. As I said, not everyone can get a £115k loan very easily.
The loan isn't actually £115k though is it? You're liability that you need to secure is £6k (£120,000 + £5,000 interest - £5,000 deposit - £114,000 GFV). I have zero financial qualifications, and genuinely could (or rather am) be totally wrong, but my friend who's taken out some fairly huge PCP deals for stuff has never really had any problem getting the finance approved. Surely the car is big enough security against the loan?£11k is just £30 a day over a year.
I just cant get my head around it. Happy days if its possible!
Look at the 'official' 540c deal - its double the price per year;
https://cars.mclaren.com/finance-offer-540c-uk
Plus;
Offer available to Qualifying HNW Individuals and Business Users only at participating UK McLaren dealerships.
Edited by p1stonhead on Thursday 18th April 11:10
RacerMike said:
Brooking10 said:
B17NNS said:
What’s an extended warranty on used one? A quick google suggests circa £5k PA.If that’s the case and you really can rent one for £500 a month why would anyone buy used? No tyres, no maintenance, no repairs.
No wonder every Tom, Dick and YouTuber is driving one.
B) that finance example is on a used car not a new one
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