Do any PHers have their 720S yet?
Discussion
Ferruccio said:
On finance, like 90% of these cars these days I'm told by a Lambo dealer.
Call me old fashioned but I've only ever bought a car for cash.
Financing a depreciating asset has always seemed "brace" to me.
Again, potentially risky stuff but worth it to experience these things while I can. Worth it in my eyes anyway!Call me old fashioned but I've only ever bought a car for cash.
Financing a depreciating asset has always seemed "brace" to me.
TGETV said:
Ferruccio said:
On finance, like 90% of these cars these days I'm told by a Lambo dealer.
Call me old fashioned but I've only ever bought a car for cash.
Financing a depreciating asset has always seemed "brace" to me.
Again, potentially risky stuff but worth it to experience these things while I can. Worth it in my eyes anyway!Call me old fashioned but I've only ever bought a car for cash.
Financing a depreciating asset has always seemed "brace" to me.
As for all the rubbish on here, especially being called a liar, remember always that the opposite of love isn't hate, it's disinterest.
TGETV said:
Some thoughts/logic:
Launch specs weren't to everyone's taste and had a small McLaren inforced 'Launch' premium.
Launch ones have been delayed so much the custom spec ones aren't that far off now, many people ordered two - one to tide over before the other. Partly as a result, there have been a fair few cancelled orders, so there are cars available, just not advertised by McLaren as they're not allowed yet.
Also waiting list is under 12 months for custom spec from what I know, so not end of the world.
Also Aug is quiet, and going into Winter. Two more possible variables.
FINALLY, early cars of a new model often approached with suspicion, especially McLaren.
I can understand the LE specs limiting demand, some odd choices made by McLaren.Launch specs weren't to everyone's taste and had a small McLaren inforced 'Launch' premium.
Launch ones have been delayed so much the custom spec ones aren't that far off now, many people ordered two - one to tide over before the other. Partly as a result, there have been a fair few cancelled orders, so there are cars available, just not advertised by McLaren as they're not allowed yet.
Also waiting list is under 12 months for custom spec from what I know, so not end of the world.
Also Aug is quiet, and going into Winter. Two more possible variables.
FINALLY, early cars of a new model often approached with suspicion, especially McLaren.
McLaren are holding onto the cancelled slots rather than releasing them so as to keep the lead times artificially long and so project the impression of greater demand? But that would be down to the dealers surely and why would any dealer do that, they'll have to fulfill that order when the slot comes to production.
I had the branch manager from my dealer on the phone earlier, it was him who said 12 months. Although presumably that's just for his branch.
Entering winter is a double edged sword regarding used now/new later as a 12 month lead time means you'd have your new car delivered at the same time next year. Or worse, two months later, assuming a 2 month delivery delay as seems to be the norm. But yes, wrong time of year to sell.
New car suspicion I can understand, especially with a McLaren!
AOK said:
You're forgetting that the spread the trade takes can be anything up to 10%.
So on a £250k (list) car the seller might be selling it for £240k and the buyer might be buying it for £260k.
The seller is making a loss, the buyer is paying a premium.
Those are hypotheticals, but happier?
I did wonder why Alistair was not on the cards as SOR to minimise sales costs. The spread on McLaren dealers offers vs retail is a chunk bigger than than 10% from what I've seen from other McLaren owners, specifically those pxing. So on a £250k (list) car the seller might be selling it for £240k and the buyer might be buying it for £260k.
The seller is making a loss, the buyer is paying a premium.
Those are hypotheticals, but happier?
Ferruccio said:
Also they are toys. No one has an "urgent" need for a toy.
No but then no one has a need for a toy period and if you're going to have one then why doesn't there appear to be customers prepared to pay strong money to get on now rather than waiting when it seems there's demand to have one in 12 months. TGETV said:
Nice.
And nope. You'll continue to get more of my utter drivel and nonsensical ramblings.
For all things heel and toe themed - there are lots of amazing channels to choose from. Mine not being one.
Well you said it and at least you are being truthful and take it in the spirit of fun old boy.And nope. You'll continue to get more of my utter drivel and nonsensical ramblings.
For all things heel and toe themed - there are lots of amazing channels to choose from. Mine not being one.
A lot of the channels have gone downhill TBH ( same old same old content repeat, kerrching, repeat and copy some one else, collaboration repeat kerrching ) but at least that can't be said of yours
TGETV said:
I finance the hell out of them.
I know interest rates are low and returns else where not always easy to find but wow financing a depreciating asset in a dodgy market - big cajones.Was always told not to buy anything you cant afford and a car(s) should be no more than 10% of your net worth hence I have a strick max budget.
Seems you are applying the 90/10 rule instead - fair play.
No wonder you cant afford a shave or some decent clothes
RamboLambo said:
I know interest rates are low and returns else where not always easy to find but wow financing a depreciating asset in a dodgy market - big cajones.
Was always told not to buy anything you cant afford and a car(s) should be no more than 10% of your net worth hence I have a strick max budget.
Seems you are applying the 90/10 rule instead - fair play.
No wonder you cant afford a shave or some decent clothes
Oh go on, tell us again how rich you are. Pleeeeaaase Was always told not to buy anything you cant afford and a car(s) should be no more than 10% of your net worth hence I have a strick max budget.
Seems you are applying the 90/10 rule instead - fair play.
No wonder you cant afford a shave or some decent clothes
Jules360 said:
RamboLambo said:
I know interest rates are low and returns else where not always easy to find but wow financing a depreciating asset in a dodgy market - big cajones.
Was always told not to buy anything you cant afford and a car(s) should be no more than 10% of your net worth hence I have a strick max budget.
Seems you are applying the 90/10 rule instead - fair play.
No wonder you cant afford a shave or some decent clothes
Oh go on, tell us again how rich you are. Pleeeeaaase Was always told not to buy anything you cant afford and a car(s) should be no more than 10% of your net worth hence I have a strick max budget.
Seems you are applying the 90/10 rule instead - fair play.
No wonder you cant afford a shave or some decent clothes
AndStilliRise said:
Jules360 said:
RamboLambo said:
I know interest rates are low and returns else where not always easy to find but wow financing a depreciating asset in a dodgy market - big cajones.
Was always told not to buy anything you cant afford and a car(s) should be no more than 10% of your net worth hence I have a strick max budget.
Seems you are applying the 90/10 rule instead - fair play.
No wonder you cant afford a shave or some decent clothes
Oh go on, tell us again how rich you are. Pleeeeaaase Was always told not to buy anything you cant afford and a car(s) should be no more than 10% of your net worth hence I have a strick max budget.
Seems you are applying the 90/10 rule instead - fair play.
No wonder you cant afford a shave or some decent clothes
RamboLambo said:
AndStilliRise said:
He is not rich. General rule is that people with money, generally don't talk about much about it. Have you not seen the brookside close he lives in?
No offence to scousers but for the price of my little olde town house I could probably buy all of Bootle
RamboLambo said:
No offence to scousers but for the price of my little olde town house I could probably buy all of Bootle
I'm sure others have done there homework on here knowing who you are, I'd bet the tales you tell most likely don't stack up to the information held on line.
Been fun guys and girls. I'll let it descend into more crass warblings & thinly veiled financial boasts from our resident brookside billionaire bellend.
As a parting comment - to anyone getting a 720S, enjoy it. It is one HELL of a car, simply astonishing, and I'm sure I will live to regret having to shovel it on in such rushed disorganised circumstances. Look forward to seeing some pics of all your deliveries and possibly some in the flesh at various car meet ups.
As a parting comment - to anyone getting a 720S, enjoy it. It is one HELL of a car, simply astonishing, and I'm sure I will live to regret having to shovel it on in such rushed disorganised circumstances. Look forward to seeing some pics of all your deliveries and possibly some in the flesh at various car meet ups.
foxsasha said:
AOK said:
Once again, please can you explain exactly what tax HMRC would be going after Tom for?
Vehicles are Capital Gains exempt (for very good reason) and they'd have a very tricky time proving that Tom, a self-professed workaholic running numerous non-car related businesses, is buying and selling cars consciously for profit, let alone has the time for it!
And as for lying about the profit, I can't divulge too much as the deal is still ongoing, but as someone involved in the transaction I can confirm that despite our best efforts, Tom is coming away from the 720S with a significant loss (for such brief ownership).
Why do you think there little interest in a lightly used 720 when there's a 12 month lead time to buy new? Is it not strange that new cars appear to be selling well (or at least orders are being placed) and yet buyers don't want to get a virtually new one immediately unless the price is significantly below list. They're all happy to wait 12+ months. Odd.Vehicles are Capital Gains exempt (for very good reason) and they'd have a very tricky time proving that Tom, a self-professed workaholic running numerous non-car related businesses, is buying and selling cars consciously for profit, let alone has the time for it!
And as for lying about the profit, I can't divulge too much as the deal is still ongoing, but as someone involved in the transaction I can confirm that despite our best efforts, Tom is coming away from the 720S with a significant loss (for such brief ownership).
I'm not doubting the loss, just trying to square new order demand against the lack of interest in cars available immediately.
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