650s values

Author
Discussion

Mr Cod

Original Poster:

140 posts

104 months

Saturday 12th August 2017
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I'm looking at perhaps getting into a 650s spider in the next year, moving on from my nice but increasingly outdated AM V8V.

What do people think is going to happen to 650 spider prices in the next year? They are slightly out of budget at the moment. Will people getting into 720 over the next year or two push prices down much? Havent seen much market impact yet other than the glut of 650LTs. Will we see a sub 150k decent 650 spider in the near term?

Crystal ball gazing stuff of course but I'd be grateful for opinions.

andrew

9,967 posts

192 months

Saturday 12th August 2017
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this is not going to end well

sardis

305 posts

176 months

Saturday 12th August 2017
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+1

Wilmslowboy

4,208 posts

206 months

Saturday 12th August 2017
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said:
see a sub 150k decent 650 spider in the near term?
YES or close too - Mine is low miles, high spec, factory warranty bla bla bla and for sale sub £160k - so all things being "normal" a decent one with higher miles, slightly lower spec and in another 6 months time could be sub £150k



edited to add

I'm selling to make way for a 720s......a £90k upgrade on my 650s - madness I know LOL






DT398

1,745 posts

148 months

Saturday 12th August 2017
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I'll go next then!

I reckon they will depreciate at a similar rate as we have seen so far. Hardly anyone paid list, so the starting price was around £200k. My one year old car just sold retail for £170k so that give you an idea of year 1. Next year £155k maybe? Who knows but they will drop as time goes on. Nobody is going to pay overs for the 720s as you can get a new one in a sensible time frame, so they aren't going to support 650 pricing in my view.

The 675LT might drift towards list which was in the high 200s anyway but they are a bit of a special case.

All a bit of guess work really but I can't see the 650s appreciating from here.

This is all very civilised so far isn't it?

Edited by DT398 on Saturday 12th August 15:41

johnwhalley72

15 posts

121 months

Saturday 12th August 2017
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If only there was a fiscal genius on this forum who could predict the future values of cars, specifically the 650s (red ones) with almost superhuman clairvoyance.....

An educated man, a man who owns more than one McLaren but is also an expert on latter day Ferraris and .... Lambos.....

Such a man might prove "useful"....

😜😜😜

anonymous-user

54 months

Saturday 12th August 2017
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johnwhalley72 said:
If only there was a fiscal genius on this forum who could predict the future values of cars, specifically the 650s (red ones) with almost superhuman clairvoyance.....

An educated man, a man who owns more than one McLaren but is also an expert on latter day Ferraris and .... Lambos.....

Such a man might prove "useful"....

??????
Ooh you bh smile

RamboLambo

4,843 posts

170 months

Saturday 12th August 2017
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I'm thinking of selling mine which usually means the car rockets up in value !

Apart from that all other indicators ( at least a year wait on new 720S, early 720S asking premiums, 12C spider prices strong and going upwards, silly Ferrari prices ) suggest a pretty flatline IMHO but lets see what all the other experts think
!

DT398

1,745 posts

148 months

Saturday 12th August 2017
quotequote all
I'm sure you could get a new 720s in less than a year. There has been nothing like the scramble for them that was seen for the gt3 or gt2rs for example. Big bun fight over the 675 LT a couple of years ago but I have heard of literally nobody that is hunting around for a 720s on the secondary market as they are all getting them from McLaren. Also know quite a few people who had deposits down and pulled out.

There are already 650s in the classifieds around £160k, so it's only going one way in my view.

Or to put it another way, what possible reason could there be for them to go UP in value? I can't think of one.

Edited by DT398 on Saturday 12th August 22:12

DarrenKMC

202 posts

102 months

Saturday 12th August 2017
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RamboLambo said:
( early 720S asking premiums )
^^^ Certainly not this... Depositors or brokers given a sniff of a car are asking premiums but what you ask for and what the market gives are of course different...

We deal quite a bit in this area (off market & pre delivery) and I've spoken to a few depositor's looking to make a buck but there's no appetite from would be early adopters wanting to pay a premium.

DT398 said:
I'm sure you could get a new 720s in less than a year. There has been nothing like the scramble for them that was seen for the gt3 or gt2rs for example. Big bun fight over the 675 LT a couple of years ago but I have heard of literally nobody that is hunting around for a 720s on the secondary market as they are all getting them from McLaren. Also know quite a few people who had deposits down and pulled out.

There are already 650s in the classifieds around £160k, so it's only going one way in my view.

Or to put it another way, what possible reason could there be for them to go UP in value? I can't think of one.

Edited by DT398 on Saturday 12th August 22:12
^^^ But yes this.

RamboLambo

4,843 posts

170 months

Saturday 12th August 2017
quotequote all
DT398 said:
I'm sure you could get a new 720s in less than a year. There has been nothing like the scramble for them that was seen for the gt3 or gt2rs for example. Big bun fight over the 675 LT a couple of years ago but I have heard of literally nobody that is hunting around for a 720s on the secondary market as they are all getting them from McLaren. Also know quite a few people who had deposits down and pulled out.

There are already 650s in the classifieds around £160k, so it's only going one way in my view.

Or to put it another way, what possible reason could there be for them to go UP in value? I can't think of one.

Edited by DT398 on Saturday 12th August 22:12
12C dropped, bottomed out and bounced back after 4 years. 650S has always been stronger than the 1st incarnation but will probably follow a similar pattern albeit supported underneath more by 12C and rapidly growing brand awareness and demand.
An early low spec 4 year old 650S spider at £150k could pretty much be the low point from which they return especially if 720S are retailing used near list at circa £250k next year which others are predicting. £100k or 67% more to upgrade to 720S is a big jump hard for anyone to justify

650S is fantastic value for money. Unbelievable and way better than anything else at that pricepoint IMHO.
Christ I'm convincing myself rather than considering selling I should buy a 2nd one - off to the classifieds before they all get snapped up, when they are gone they are gone

anonymous-user

54 months

Sunday 13th August 2017
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You need to try to enjoy your life rather than costing it.

DT398

1,745 posts

148 months

Sunday 13th August 2017
quotequote all
RamboLambo said:
12C dropped, bottomed out and bounced back after 4 years. 650S has always been stronger than the 1st incarnation but will probably follow a similar pattern albeit supported underneath more by 12C and rapidly growing brand awareness and demand.
An early low spec 4 year old 650S spider at £150k could pretty much be the low point from which they return especially if 720S are retailing used near list at circa £250k next year which others are predicting. £100k or 67% more to upgrade to 720S is a big jump hard for anyone to justify

650S is fantastic value for money. Unbelievable and way better than anything else at that pricepoint IMHO.
Christ I'm convincing myself rather than considering selling I should buy a 2nd one - off to the classifieds before they all get snapped up, when they are gone they are gone
I agree that £100k is a big chunk of change to trade up from a 650s to a 720s and that's exactly why I didn't bother. I also agree that it's a lot of car for the money at £150k. The 12c bounce back you mention was quite small and at a level that's way below where the 650s is today as it's still much newer, so hardly an argument to suggest that the 650s is going to bounce from where it is now.

I simply don't believe (and neither does the market) that the 720s will be anywhere near list as a used car. Why would they be? It was brought up on another thread that the wait was more than 12 months for a 720 and immediately someone posted up that Ascot had just got another allocation (what a surprise!) and you could get one sooner. This will be the case for all the UK Mac dealers I'm sure. Anyone that wants one can get one unless they just have to have one right now, and those people will be few and far between in my view.

So we have a 5-6 year old 12C at about £100 to £120k and a 1-2 year old 650s at £160-£175k with a new model just produced that is readily available new within a reasonable time and is, by all accounts a big step up from the 650s which it has replaced. Sounds like a nicely ordered market to me and points to inevitable depreciation for the 650s from here. Add in the fact that the warranty is, what, £3k per year for the older cars and it all points to a bit of good old depreciation. Nothing wrong with that and hopefully the OP will have the value of the 650s come towards them a bit over the next year, so they can get one. They are great cars and good value for money if you can afford it. Increasing in vale? I don't think so and there's zero credible evidence to suggest it.




Edited by DT398 on Sunday 13th August 07:12

Ferruccio

1,835 posts

119 months

Sunday 13th August 2017
quotequote all
The value of older mass produced stuff will, in my view, just keep drifting down.
There is effectively an endless supply of new cars from a number of manufacturers.
So the older stuff has to keep finding new homes, just as maintenance costs rise.
That must force the price point down.
If/as the cost of money goes up, that pressure will increase.

RamboLambo

4,843 posts

170 months

Sunday 13th August 2017
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I was criticised for calling a F430 mass produced. How many F430's are there compared with McLaren 650S ????

All McLarens are still relatively low volumes in comparison and there are only circa 250 UK 650S. Production is fixed at a low volume yet demand is growing due to brand awareness and a realisation of how good a car they actually are with the price being a bonus

People hoping these will continue to drop in big chunks as used cars that have taken the major hit now are wishful thinking. Depreciation on 12C has completely flatlined for the last 2 years. 650S is the far better car and will always sit £20k above like for like

In years to come these WILL be very sought after cars

Mr Cod

Original Poster:

140 posts

104 months

Sunday 13th August 2017
quotequote all
Lots of interesting views thanks guys.

700BHP

456 posts

80 months

Sunday 13th August 2017
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I've only just joined the site, but can I ask, is Rambolambo the class clown?

I've looked at two McLaren threads and he features prominently in both. He seems very keen to make his purchases common knowledge and money is mentioned in nearly every post.

He always seems to be at odds with other posters.

RamboLambo

4,843 posts

170 months

Sunday 13th August 2017
quotequote all
700BHP said:
I've only just joined the site, but can I ask, is Rambolambo the pistonhead supercar guru ?

I've looked at two McLaren threads and he features prominently in both. He seems very keen to make his great knowledge known in nearly every post.

He always seems to lead where other posters just follow like sheep.

RamboLambo

4,843 posts

170 months

Sunday 13th August 2017
quotequote all
Wilmslowboy said:
YES or close too - Mine is low miles, high spec, factory warranty bla bla bla and for sale sub £160k - so all things being "normal" a decent one with higher miles, slightly lower spec and in another 6 months time could be sub £150k



edited to add

I'm selling to make way for a 720s......a £90k upgrade on my 650s - madness I know LOL
Should sell quick then in comparison to this similar one up at £186k
https://www.pistonheads.com/classifieds/used-cars/...

700BHP

456 posts

80 months

Sunday 13th August 2017
quotequote all
RamboLambo said:
700BHP said:
I've only just joined the site, but can I ask, is Rambolambo the pistonhead supercar guru ?

I've looked at two McLaren threads and he features prominently in both. He seems very keen to make his great knowledge known in nearly every post.

He always seems to lead where other posters just follow like sheep.
Thanks for that.

Is that really how you see yourself?