Will I lose my shirt on a 650?

Will I lose my shirt on a 650?

Author
Discussion

mdrc

Original Poster:

432 posts

211 months

Sunday 23rd April 2017
quotequote all
I'd like to buy a 650S Spider now, whilst waiting for the 720 version to be launched, but fear I'll lose my shirt on a nearly new 650 over the next 12-18 months......there seem to be a few that have been on sale now for as much as 3 months and they don't appear to be shifting.....as the 720 cars begin to come off the production line, I sense the prices of the 650s will fall dramatically......but I'm happy to bow to the superior knowledge of you expert McLaren market observers.....(PS I do expect to suffer some depreciation!)

Johnny42

147 posts

57 months

Sunday 23rd April 2017
quotequote all
I'd really like a McLaren too... but there's a particularly high risk of steep depreciation on these cars. If they haven't sold for months, that means they are worth less than their pricetag but the seller isn't for moving.

McLaren only make one model of car, but they quickly come out with an improved version or a cheaper version. They are on record saying they will come out with 15 new models starting with the 720S by 2022. That's about 3 a year. At least half will be hybrid. It's certain the 720S will gain a hybrid version, suddenly a 650S is looking a lot like a 12C.

Sarnie

5,937 posts

147 months

Sunday 23rd April 2017
quotequote all
You won't lose much at all on a 650s around £165-£170k...........a decent spec 720s will be £240k+......the early flipped cars will be £275k+ (already a PH advert for circa £300k!).........12c coupes will stick around £110k-£130k and have done for years....12c Spiders £125k-£145k.....650s Coupes £145k-£165k......650s Spiders £160k-£180k.............prices will varying depending on spec and miles etc but I don't see the above changing for another 12-18 months at least.......720s' will need to be close to £200k before they put pressure on 650s prices, which won't be for a good while!

RamboLambo

4,843 posts

108 months

Sunday 23rd April 2017
quotequote all
Sarnie said:
You won't lose much at all on a 650s around £165-£170k...........a decent spec 720s will be £240k+......the early flipped cars will be £275k+ (already a PH advert for circa £300k!).........12c coupes will stick around £110k-£130k and have done for years....12c Spiders £125k-£145k.....650s Coupes £145k-£165k......650s Spiders £160k-£180k.............prices will varying depending on spec and miles etc but I don't see the above changing for another 12-18 months at least.......720s' will need to be close to £200k before they put pressure on 650s prices, which won't be for a good while!
Absolutely right. If anything the launch of the new 720S might bring prices up as the initial sold out launch stock allocation are high spec expensive units in small numbers that if get flipped will trade at a premium for the first 12 months which is a first for a regular production McLaren.

The limited edition 675 LT's traded at a massive premium but in the past the regular production car like 12C/650S took a big hit from new list price.
Once they found their place in the used car market their prices have been very stable and selling regularly at sensible asking prices.
12C prices bottomed out and rebounded strong and look good residual wise for a 5 year old car. these will always underpin the improved 650s prices so I think the downside is minimal for a nearly new 650S. Budget to say lose £10k but that's hardly losing your shirt stuff.
I lost £23k in 11 months and a 1,000 miles on an Audi RS4 - that's losing your shirt relatively speaking

3 months is not unusual for supercar sales especially when you consider that some of the other brand supercars are seemingly overpriced and still advertised 12 - 18 months down the line.

Nothing comes remotely close to a 650S at the £180k price point IMHO and what you get for your money is simply staggering. Worth every penny and more IMHO. The quality of product is industry leading and the beauty is you are not CURRENTLY paying over the odds just for the badge.

Bargain supercar of the moment so buy one and enjoy it and if you are lucky it wont cost you a bean

TP321

1,131 posts

136 months

Sunday 23rd April 2017
quotequote all
Johnny42 said:
I'd really like a McLaren too... but there's a particularly high risk of steep depreciation on these cars. If they haven't sold for months, that means they are worth less than their pricetag but the seller isn't for moving.

McLaren only make one model of car, but they quickly come out with an improved version or a cheaper version. They are on record saying they will come out with 15 new models starting with the 720S by 2022. That's about 3 a year. At least half will be hybrid. It's certain the 720S will gain a hybrid version, suddenly a 650S is looking a lot like a 12C.

This.
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TP321

1,131 posts

136 months

Sunday 23rd April 2017
quotequote all
Trade prices for 2011-2012 Coupes are £75-85k. That's a fact. The 650 and 570 have made the 12c obsolete. Same will happen to the 650 once the 720s and 570 Spider are out and about. So to answer the OP, yes you will lose your shirt because the honeymoon is over.

RamboLambo

4,843 posts

108 months

Sunday 23rd April 2017
quotequote all
TP321 said:
Trade prices for 2011-2012 Coupes are £75-85k. That's a fact. The 650 and 570 have made the 12c obsolete. Same will happen to the 650 once the 720s and 570 Spider are out and about. So to answer the OP, yes you will lose your shirt because the honeymoon is over.
Ridiculous statement FACT.

Honeymoon period over ????

12C prices are strong and cars are flying out the door. Far from being obsolete. Give me a choice of a newer/better 12C or an older slower and higher priced F430 and I would take the 12C every day. And that's from an unbiased ex F430 and Scuderia owner

Having worked in the motor industry for 25 years maybe I have just an insight to facts and figures others merely speculate about rolleyes

TP321

1,131 posts

136 months

Sunday 23rd April 2017
quotequote all
RamboLambo said:
Ridiculous statement FACT.

Honeymoon period over ????

12C prices are strong and cars are flying out the door. Far from being obsolete. Give me a choice of a newer/better 12C or an older slower and higher priced F430 and I would take the 12C every day. And that's from an unbiased ex F430 and Scuderia owner

Having worked in the motor industry for 25 years maybe I have just an insight to facts and figures others merely speculate about rolleyes
You are in the trade and do not agree that the trade price for a 12c coupe 2011-2012 is £75-85k?
Go and ask someone like Bols or any other independent. Main dealers probably won't even touch a 12c now...

Sarnie

5,937 posts

147 months

Sunday 23rd April 2017
quotequote all
TP321 said:
You are in the trade and do not agree that the trade price for a 12c coupe 2011-2012 is £75-85k?
Go and ask someone like Bols or any other independent. Main dealers probably won't even touch a 12c now...
I sold my 2012 12c last September for £126k............good cars are still selling for good money and will continue to do so........


TP321

1,131 posts

136 months

Sunday 23rd April 2017
quotequote all
Sarnie said:
I sold my 2012 12c last September for £126k............good cars are still selling for good money and will continue to do so........

mileage, spec?

JFIVE

3,526 posts

212 months

Sunday 23rd April 2017
quotequote all
Sarnie said:
You won't lose much at all on a 650s around £165-£170k...........a decent spec 720s will be £240k+......the early flipped cars will be £275k+ (already a PH advert for circa £300k!).........12c coupes will stick around £110k-£130k and have done for years....12c Spiders £125k-£145k.....650s Coupes £145k-£165k......650s Spiders £160k-£180k.............prices will varying depending on spec and miles etc but I don't see the above changing for another 12-18 months at least.......720s' will need to be close to £200k before they put pressure on 650s prices, which won't be for a good while!
the launch edition 720 in race spec if 275k Liam

Sarnie

5,937 posts

147 months

Sunday 23rd April 2017
quotequote all
TP321 said:
mileage, spec?
12k miles
McLaren Orange
Stealth Super Lights
Stealth Pack
Sports Exhaust
Mclaren Warranty and service history
Carbon interior
Carbon Fibre Engine Covers
Carbon Fibre Engine Bay
Alcantara Interior
All upgrades
PPF
Tracker
Swipe Doors

I could have sold this car numerous times over............warranty is transferable for private sales.........McLaren may have offered peanuts (never bothered to ask) doesn't mean you have to accept them..............

Sarnie

5,937 posts

147 months

Sunday 23rd April 2017
quotequote all
JFIVE said:
the launch edition 720 in race spec if 275k Liam
Indeed............and then once people are let loose with their own specs the figures will likely increase........other McLaren cars are safe for a while yet.....except maybe 675's??

RamboLambo

4,843 posts

108 months

Sunday 23rd April 2017
quotequote all
Sarnie said:
12k miles
McLaren Orange
Stealth Super Lights
Stealth Pack
Sports Exhaust
Mclaren Warranty and service history
Carbon interior
Carbon Fibre Engine Covers
Carbon Fibre Engine Bay
Alcantara Interior
All upgrades
PPF
Tracker
Swipe Doors

I could have sold this car numerous times over............warranty is transferable for private sales.........McLaren may have offered peanuts (never bothered to ask) doesn't mean you have to accept them..............
Sensible miles, good spec, nice colour = good money and not a long time to sell. At worst you would take £15k off the private sale price for a trade bid which even with my maths is mmmmmmm 126 -15 = 75 rofl

Doh back to infant school for you young man

RamboLambo

4,843 posts

108 months

Sunday 23rd April 2017
quotequote all
Sarnie said:
Indeed............and then once people are let loose with their own specs the figures will likely increase........other McLaren cars are safe for a while yet.....except maybe 675's??
12c and 650S will not be effected by 720s in the slightest. 720 is only coupe for the next 2 years so McLaren spiders will be in short supply with early 570S spiders already secured

Agree 675 LT is the most likely to be effected as they are currently at a big premium over list so this may soften a bit

Sarnie

5,937 posts

147 months

Sunday 23rd April 2017
quotequote all
RamboLambo said:
Sensible miles, good spec, nice colour = good money and not a long time to sell. At worst you would take £15k off the private sale price for a trade bid which even with my maths is mmmmmmm 126 -15 = 75 rofl

Doh back to infant school for you young man
Colchester Ferrari called and offered to buy it out right for £114k...........warranty is transferable when selling privately and people needing finance can buy privately with an inspection or you can get an invoice drawnup by dealers like Lawton Brook if required........just can't take PX...well you can but not if you need the cash back in the car.................trading/selling a car to a dealer may be the easier option, if like having your trousers yanked south......I don't think thats isolated to only McLaren though.....

GT Two

2,952 posts

130 months

Sunday 23rd April 2017
quotequote all
Sarnie said:
TP321 said:
You are in the trade and do not agree that the trade price for a 12c coupe 2011-2012 is £75-85k?
Go and ask someone like Bols or any other independent. Main dealers probably won't even touch a 12c now...
I sold my 2012 12c last September for £126k............good cars are still selling for good money and will continue to do so........

This was a lovely car, I nearly bought it but I think holidays/timing etc got int the way.

I will be selling a very similar car in the near future. Hope my sale is as easy!

Sarnie

5,937 posts

147 months

Sunday 23rd April 2017
quotequote all
GT Two said:
Sarnie said:
TP321 said:
You are in the trade and do not agree that the trade price for a 12c coupe 2011-2012 is £75-85k?
Go and ask someone like Bols or any other independent. Main dealers probably won't even touch a 12c now...
I sold my 2012 12c last September for £126k............good cars are still selling for good money and will continue to do so........

This was a lovely car, I nearly bought it but I think holidays/timing etc got int the way.

I will be selling a very similar car in the near future. Hope my sale is as easy!
Indeed Lee, it would have been yours but I was selling just before going on holiday for 3 weeks in August, it sold a few days after getting back.........your car is just as nice, maybe more so with what you've spent on it!

TP321

1,131 posts

136 months

Monday 24th April 2017
quotequote all
Sarnie said:
12k miles
McLaren Orange
Stealth Super Lights
Stealth Pack
Sports Exhaust
Mclaren Warranty and service history
Carbon interior
Carbon Fibre Engine Covers
Carbon Fibre Engine Bay
Alcantara Interior
All upgrades
PPF
Tracker
Swipe Doors

I could have sold this car numerous times over............warranty is transferable for private sales.........McLaren may have offered peanuts (never bothered to ask) doesn't mean you have to accept them..............
Top colour and spec for resale, but September was a long time ago and things have now changed. The 540/570 is readily available, and demand and prices for the 12c have weakened.

And this discussion was about trade bids for the 12c, so your £126k sale price is irrelevant. The trade would not pay more than £100k for this top spec/colour car with just 12knmiles. Everything else would get a lesser bid. Fact.

NewChurch

151 posts

36 months

Monday 24th April 2017
quotequote all
TP321,

Did someone driving a McLaren steal your wife?. As someone who reads this section occasionally, It's very obvious that you consistently hate on all things McLaren. It really is very strange and quite intriguing. A quick glance at your posting history, almost suggests astroturfing for Ferrari.

Why the McLaren hate?