Discussion
Sarnie said:
Thats an early car..................add warranty and inspection fee £5-£6k..........plus anything that the inspection shows up.......could easily be close to £125k+ if pads or discs need changing....or tyres etc etc............
I was first owner of that car, is a great spec and so cheap I’d be tempted to buy it back!Sarnie said:
Thats an early car..................add warranty and inspection fee £5-£6k..........plus anything that the inspection shows up.......could easily be close to £125k+ if pads or discs need changing....or tyres etc etc............
It comes with a warrantyIt has Ceramics which after that mileage are extremely unlikely to require replacement
It is being sold by a respected franchised dealer arm so very unlikely to require tyres
It is high spec
Only consideration will be cosmetic condition
Absolute bargain and likely 6months free motoring right there for the right buyer
After having a serious think about the black car listed above and the orange one listed at alistair bols, I have decided to wait until at least next summer, simply as the market for these or any other 2 seater supercar (excluding 458's it seams) above 100k are dropping at a substantial rate. Hopefully the performante and 675lt will come down a bit more by then and I will go all out for a more expensive purchase but will be the car I really desire.
Very tempted to buy the 650s as a stop gap until then but I think I could lose too much of a chunk even at 115k for the black car.
Happy with my 981 spyder until I join the big boys club.
Those who have had a 650 s, what did you move on to and why?
Very tempted to buy the 650s as a stop gap until then but I think I could lose too much of a chunk even at 115k for the black car.
Happy with my 981 spyder until I join the big boys club.
Those who have had a 650 s, what did you move on to and why?
lambo666 said:
After having a serious think about the black car listed above and the orange one listed at alistair bols, I have decided to wait until at least next summer, simply as the market for these or any other 2 seater supercar (excluding 458's it seams) above 100k are dropping at a substantial rate. Hopefully the performante and 675lt will come down a bit more by then and I will go all out for a more expensive purchase but will be the car I really desire.
Very tempted to buy the 650s as a stop gap until then but I think I could lose too much of a chunk even at 115k for the black car.
Happy with my 981 spyder until I join the big boys club.
Those who have had a 650 s, what did you move on to and why?
This.Very tempted to buy the 650s as a stop gap until then but I think I could lose too much of a chunk even at 115k for the black car.
Happy with my 981 spyder until I join the big boys club.
Those who have had a 650 s, what did you move on to and why?
I resurrected the thread as this was my exact thoughts and for once it seems that instead of the usual bun fight everyone has made great posts offering a spread of helpful opinions!
Both the cars you have just mentioned have fantastic specifications and seem to be a bargain. However, whilst my original thoughts a few weeks back were that these were such a great price that you could have depreciation free motoring for at least 6 months, it just seems as though the deprecation is a runaway train that does not seem to be slowing. At this rate even these 'bargain' 650 spiders could lose what I would hope to be a years depreciation in a few months.
I shall still be having one for for sure but it is like the roulette wheel and trying to guess when the drop in prices are going to slow as they are just far too capable a car for the figures out there.
I have just come out of 13 years of F355 spider ownership in which the gap between what I sold that for and these prices is getting smaller by the week; the mind proper boggles.
I was there watching in horror back in 2012 when the spread of F355's on pistonheads classifieds dropped to as low as the high £20k's and deciding that as it was only worth the price of a high spec new Mondeo I may as well hold on, to the roller coaster of watching average cars selling for £100k+ and good ones £140k+ just 2 short years ago.
The price of the McLaren warranty is not a million miles away from what you could expect to pay on F355 servicing, consumables and a 'problem' each year and by the end I was still wondering if something was going to go wrong with each turn of the key...and that was a top drawer example but 19 years old. I'm not sure what is worse: being told you require and expensive part, or it being followed with 'they don't make that part any more'. The price of the warranty on that basis makes it seem reasonable; it is a very, very high tech £220k car after all.
The McLaren Warranty seems pretty comprehensive so not overly concerned about that side of things, and as much as I have read, the 650 model seems to have had good reports on reliability.
Currently though, it seems there is a over supply of exotic cars and a used price correction already well under way; I'm only focussed on McLarens at the moment, but I suppose it is across the board.
I have always bought at this time of the year as it is when prices are at the lowest as whatever car you buy turns a year older in 6 weeks time even if its a December registration and there is always a great deal to be made....pretty sure the same shall happen again this year.
lambo666 said:
After having a serious think about the black car listed above and the orange one listed at alistair bols, I have decided to wait until at least next summer, simply as the market for these or any other 2 seater supercar (excluding 458's it seams) above 100k are dropping at a substantial rate. Hopefully the performante and 675lt will come down a bit more by then and I will go all out for a more expensive purchase but will be the car I really desire.
Very tempted to buy the 650s as a stop gap until then but I think I could lose too much of a chunk even at 115k for the black car.
Happy with my 981 spyder until I join the big boys club.
Those who have had a 650 s, what did you move on to and why?
Nah, offer 110k on that black car. Will be worth at least that next spring I reckon...Very tempted to buy the 650s as a stop gap until then but I think I could lose too much of a chunk even at 115k for the black car.
Happy with my 981 spyder until I join the big boys club.
Those who have had a 650 s, what did you move on to and why?
akadk said:
It comes with a warranty
It has Ceramics which after that mileage are extremely unlikely to require replacement
It is being sold by a respected franchised dealer arm so very unlikely to require tyres
It is high spec
Only consideration will be cosmetic condition
Absolute bargain and likely 6months free motoring right there for the right buyer
If it's owned by a franchised dealer then there will be no warranty, dealers cannot transfer warranty from previous owner to new owner.......It has Ceramics which after that mileage are extremely unlikely to require replacement
It is being sold by a respected franchised dealer arm so very unlikely to require tyres
It is high spec
Only consideration will be cosmetic condition
Absolute bargain and likely 6months free motoring right there for the right buyer
How do you know how many of those miles were track miles? Replacing Ceramics isn't cheap.......
Not sure why being sold by a "respected franchised dealer" means that it's unlikely to need tyres?
355spiderguy said:
This.
I resurrected the thread as this was my exact thoughts and for once it seems that instead of the usual bun fight everyone has made great posts offering a spread of helpful opinions!
Both the cars you have just mentioned have fantastic specifications and seem to be a bargain. However, whilst my original thoughts a few weeks back were that these were such a great price that you could have depreciation free motoring for at least 6 months, it just seems as though the deprecation is a runaway train that does not seem to be slowing. At this rate even these 'bargain' 650 spiders could lose what I would hope to be a years depreciation in a few months.
I shall still be having one for for sure but it is like the roulette wheel and trying to guess when the drop in prices are going to slow as they are just far too capable a car for the figures out there.
I have just come out of 13 years of F355 spider ownership in which the gap between what I sold that for and these prices is getting smaller by the week; the mind proper boggles.
I was there watching in horror back in 2012 when the spread of F355's on pistonheads classifieds dropped to as low as the high £20k's and deciding that as it was only worth the price of a high spec new Mondeo I may as well hold on, to the roller coaster of watching average cars selling for £100k+ and good ones £140k+ just 2 short years ago.
The price of the McLaren warranty is not a million miles away from what you could expect to pay on F355 servicing, consumables and a 'problem' each year and by the end I was still wondering if something was going to go wrong with each turn of the key...and that was a top drawer example but 19 years old. I'm not sure what is worse: being told you require and expensive part, or it being followed with 'they don't make that part any more'. The price of the warranty on that basis makes it seem reasonable; it is a very, very high tech £220k car after all.
The McLaren Warranty seems pretty comprehensive so not overly concerned about that side of things, and as much as I have read, the 650 model seems to have had good reports on reliability.
Currently though, it seems there is a over supply of exotic cars and a used price correction already well under way; I'm only focussed on McLarens at the moment, but I suppose it is across the board.
I have always bought at this time of the year as it is when prices are at the lowest as whatever car you buy turns a year older in 6 weeks time even if its a December registration and there is always a great deal to be made....pretty sure the same shall happen again this year.
You've spent too long cossetted by the 355 bubble.I resurrected the thread as this was my exact thoughts and for once it seems that instead of the usual bun fight everyone has made great posts offering a spread of helpful opinions!
Both the cars you have just mentioned have fantastic specifications and seem to be a bargain. However, whilst my original thoughts a few weeks back were that these were such a great price that you could have depreciation free motoring for at least 6 months, it just seems as though the deprecation is a runaway train that does not seem to be slowing. At this rate even these 'bargain' 650 spiders could lose what I would hope to be a years depreciation in a few months.
I shall still be having one for for sure but it is like the roulette wheel and trying to guess when the drop in prices are going to slow as they are just far too capable a car for the figures out there.
I have just come out of 13 years of F355 spider ownership in which the gap between what I sold that for and these prices is getting smaller by the week; the mind proper boggles.
I was there watching in horror back in 2012 when the spread of F355's on pistonheads classifieds dropped to as low as the high £20k's and deciding that as it was only worth the price of a high spec new Mondeo I may as well hold on, to the roller coaster of watching average cars selling for £100k+ and good ones £140k+ just 2 short years ago.
The price of the McLaren warranty is not a million miles away from what you could expect to pay on F355 servicing, consumables and a 'problem' each year and by the end I was still wondering if something was going to go wrong with each turn of the key...and that was a top drawer example but 19 years old. I'm not sure what is worse: being told you require and expensive part, or it being followed with 'they don't make that part any more'. The price of the warranty on that basis makes it seem reasonable; it is a very, very high tech £220k car after all.
The McLaren Warranty seems pretty comprehensive so not overly concerned about that side of things, and as much as I have read, the 650 model seems to have had good reports on reliability.
Currently though, it seems there is a over supply of exotic cars and a used price correction already well under way; I'm only focussed on McLarens at the moment, but I suppose it is across the board.
I have always bought at this time of the year as it is when prices are at the lowest as whatever car you buy turns a year older in 6 weeks time even if its a December registration and there is always a great deal to be made....pretty sure the same shall happen again this year.
Cars lose money.
Expensive cars lose lots of money.
If we all understand that then the market would be a simpler place.
Whats confused matters is a market valuing older models like a 355 at £140k plus and Porsche GT cars and 458 Speciale's etc appreciating way over list........this has created a tranche of buyers to the market who are not petrolheads but people that want to brag to friends about how their business "acumen" got them into a GT3RS that has enabled them to own it for a year and sell it for well over list.......the quicker these people are weeded from the market the better for all of us that want to enjoy these cars.......
In fairness to Sarnie, he kinda has a point - it is getting really tiring on here and the Porsche forum to wade through value discussion constantly - people trying to talk cars up, people trying to talk them down and everybody worrying about their 6-digit car costing them a 5-digit amount in depreciation. the old times were nicer in that respect - you bought a car because you wanted it and depreciation was just a fact of life.
The way I look at it is, if it is cheap enough so I can afford to buy it, I don't worry about it any longer as it was good value for me. Who cares what it is worth after I bought it. This whole I only buy cars that don't lose value (or only a little) approach is not really a car guy approach - I thought we buy those things cause we want them, not because they will be cheaper to own than a BMW/Golf or whatever.
Buy it, drive it, track it and once it is time to sell, it is worth whatever it will be worth
The way I look at it is, if it is cheap enough so I can afford to buy it, I don't worry about it any longer as it was good value for me. Who cares what it is worth after I bought it. This whole I only buy cars that don't lose value (or only a little) approach is not really a car guy approach - I thought we buy those things cause we want them, not because they will be cheaper to own than a BMW/Golf or whatever.
Buy it, drive it, track it and once it is time to sell, it is worth whatever it will be worth
Thats a bit of a generalisation saying its not a car guy approach being concerned about how much a car loses money...i would say for a large % its a very relevant factor...as much as colour, spec, mileage etc...
When i bought the other halfs AMG tank 3 years ago next month it had shed £42k in its 10months of life and 1st owner...we still have it and since then it has slowed down and lost less than half of that amount since; am happy with that.
I shall be buying one of these but 2 of the cars i have been looking at and enquired about have been reduced by nearly £10k in the last 4 weeks alone...if that is not relevant...
What i do appreciate is like the poster whom said that he could not even get a bid for his Volcano Orange 650spider from any McLaren dealer...thats the relevant points i want to take into account and the type of informative responces i was hoping for that most dont offer.
I have not talked prices up nor down, indeed i did think like others inc the original owner that the black 14 plate looks a great buy...JCT will offer a min 6mth warranty as per required by every car dealer albeit not a mclaren one, i didn't see the need to fire in saying it will need this, that and the next thing and will be a £125k car before you know it. As per another poster there may be a bit of negotation that could cover most of the cost of an inspection and mclaren warranty.
I would feel happy with a 16k miles 650 spider with that spec and if possible a mclaren warranty for £115k...that seems a safe entry.
Not my choice of colour though!
When i bought the other halfs AMG tank 3 years ago next month it had shed £42k in its 10months of life and 1st owner...we still have it and since then it has slowed down and lost less than half of that amount since; am happy with that.
I shall be buying one of these but 2 of the cars i have been looking at and enquired about have been reduced by nearly £10k in the last 4 weeks alone...if that is not relevant...
What i do appreciate is like the poster whom said that he could not even get a bid for his Volcano Orange 650spider from any McLaren dealer...thats the relevant points i want to take into account and the type of informative responces i was hoping for that most dont offer.
I have not talked prices up nor down, indeed i did think like others inc the original owner that the black 14 plate looks a great buy...JCT will offer a min 6mth warranty as per required by every car dealer albeit not a mclaren one, i didn't see the need to fire in saying it will need this, that and the next thing and will be a £125k car before you know it. As per another poster there may be a bit of negotation that could cover most of the cost of an inspection and mclaren warranty.
I would feel happy with a 16k miles 650 spider with that spec and if possible a mclaren warranty for £115k...that seems a safe entry.
Not my choice of colour though!
Agree with sarnie on all of his points, don't think any offense intended, (do not forget this thread is specifically about 650s values) and I hate seeing all threads being turned into value or money threads like a certain banned poster used to.
The point is me and the above poster 355spiderguy clearly are tempted with the 650 at its current price level, its just a real possibility that if I bought one now at 115k in a year or less (say 9 months) I may only see 85k back.... I would rather keep that 30k in the pot and current car and keep saving to go straight up the ladder as it were for a 720/ performante / LT675 etc...But I really like them in black!!!
The point is me and the above poster 355spiderguy clearly are tempted with the 650 at its current price level, its just a real possibility that if I bought one now at 115k in a year or less (say 9 months) I may only see 85k back.... I would rather keep that 30k in the pot and current car and keep saving to go straight up the ladder as it were for a 720/ performante / LT675 etc...But I really like them in black!!!
lambo666 said:
After having a serious think about the black car listed above and the orange one listed at alistair bols, I have decided to wait until at least next summer, simply as the market for these or any other 2 seater supercar (excluding 458's it seams) above 100k are dropping at a substantial rate. Hopefully the performante and 675lt will come down a bit more by then and I will go all out for a more expensive purchase but will be the car I really desire.
Very tempted to buy the 650s as a stop gap until then but I think I could lose too much of a chunk even at 115k for the black car.
Happy with my 981 spyder until I join the big boys club.
Those who have had a 650 s, what did you move on to and why?
Unlikely to get to drive it much between now and March anyway so probably best to keep the money in the bank and wait and see what happens post brexit. Plenty of very high end cars on the market and price is only going one way for the majority of them.Very tempted to buy the 650s as a stop gap until then but I think I could lose too much of a chunk even at 115k for the black car.
Happy with my 981 spyder until I join the big boys club.
Those who have had a 650 s, what did you move on to and why?
lambo666 said:
Agree with sarnie on all of his points, don't think any offense intended, (do not forget this thread is specifically about 650s values) and I hate seeing all threads being turned into value or money threads like a certain banned poster used to.
The point is me and the above poster 355spiderguy clearly are tempted with the 650 at its current price level, its just a real possibility that if I bought one now at 115k in a year or less (say 9 months) I may only see 85k back.... I would rather keep that 30k in the pot and current car and keep saving to go straight up the ladder as it were for a 720/ performante / LT675 etc...But I really like them in black!!!
In my opinion it looks awesome in black. probably my preferred colour for all McLarens (mainly because I am not a fan of significant contrast to the plastic parts and bare carbon fibre) The point is me and the above poster 355spiderguy clearly are tempted with the 650 at its current price level, its just a real possibility that if I bought one now at 115k in a year or less (say 9 months) I may only see 85k back.... I would rather keep that 30k in the pot and current car and keep saving to go straight up the ladder as it were for a 720/ performante / LT675 etc...But I really like them in black!!!
I think the issue is to always think about upgrading the car - then depreciation clearly is a not inconsiderable issue - ideally one buys the car that one wants to keep for a longer period of time.
I don't think a 650s will become a 30k car, but it is not inconceivable imo that it will hit a low in the 50s at some point - just too much economic uncertainty, too many cars from too many manufacturers having been produced/still being produced - just too much competition for finite set of buyers
Edit: a finite set of buyers that is probably shrinking as the guys who might have bought mostly because the cars were cheap to own due to strong values will probably no longer upgrade/sell and leave the market again now that the market no longer looks like it is growing
Edited by MDL111 on Friday 23 November 08:18
There is no question contagion is spreading in the buyers market. I cannot believe how many 570s seem to be for sale. It’s not a McLaren phenomenon the whole market is normalising.
As the good man above pointed out, normality is expensive cars drop in value.
I’ve bought all my cars expecting to lose money although obviously I try and limit the loss by buying 2nd hand but it’s part and parcel of owning a super car or expensive car. My m4 has lost technically 50% in 2.5 yrs ! That’s life’s. you pay your money you take your choice.
For example I saw a Maybach a 650 at merc uk for sale 2 ish yes old and £105,000 with 15k miles. That’s a £190,000 car new.
As the good man above pointed out, normality is expensive cars drop in value.
I’ve bought all my cars expecting to lose money although obviously I try and limit the loss by buying 2nd hand but it’s part and parcel of owning a super car or expensive car. My m4 has lost technically 50% in 2.5 yrs ! That’s life’s. you pay your money you take your choice.
For example I saw a Maybach a 650 at merc uk for sale 2 ish yes old and £105,000 with 15k miles. That’s a £190,000 car new.
355spiderguy said:
Thats a bit of a generalisation saying its not a car guy approach being concerned about how much a car loses money...i would say for a large % its a very relevant factor...as much as colour, spec, mileage etc...
When i bought the other halfs AMG tank 3 years ago next month it had shed £42k in its 10months of life and 1st owner...we still have it and since then it has slowed down and lost less than half of that amount since; am happy with that.
I shall be buying one of these but 2 of the cars i have been looking at and enquired about have been reduced by nearly £10k in the last 4 weeks alone...if that is not relevant...
What i do appreciate is like the poster whom said that he could not even get a bid for his Volcano Orange 650spider from any McLaren dealer...thats the relevant points i want to take into account and the type of informative responces i was hoping for that most dont offer.
I have not talked prices up nor down, indeed i did think like others inc the original owner that the black 14 plate looks a great buy...JCT will offer a min 6mth warranty as per required by every car dealer albeit not a mclaren one, i didn't see the need to fire in saying it will need this, that and the next thing and will be a £125k car before you know it. As per another poster there may be a bit of negotation that could cover most of the cost of an inspection and mclaren warranty.
I would feel happy with a 16k miles 650 spider with that spec and if possible a mclaren warranty for £115k...that seems a safe entry.
Not my choice of colour though!
To think that McLaren dealers are not interested in older models and McLaren oppose the use of independent dealers is bound to have an effect on prices. I can't honestly understand McLaren in these respects, it makes no sense. When i bought the other halfs AMG tank 3 years ago next month it had shed £42k in its 10months of life and 1st owner...we still have it and since then it has slowed down and lost less than half of that amount since; am happy with that.
I shall be buying one of these but 2 of the cars i have been looking at and enquired about have been reduced by nearly £10k in the last 4 weeks alone...if that is not relevant...
What i do appreciate is like the poster whom said that he could not even get a bid for his Volcano Orange 650spider from any McLaren dealer...thats the relevant points i want to take into account and the type of informative responces i was hoping for that most dont offer.
I have not talked prices up nor down, indeed i did think like others inc the original owner that the black 14 plate looks a great buy...JCT will offer a min 6mth warranty as per required by every car dealer albeit not a mclaren one, i didn't see the need to fire in saying it will need this, that and the next thing and will be a £125k car before you know it. As per another poster there may be a bit of negotation that could cover most of the cost of an inspection and mclaren warranty.
I would feel happy with a 16k miles 650 spider with that spec and if possible a mclaren warranty for £115k...that seems a safe entry.
Not my choice of colour though!
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