720S Should I or shouldn't I?
Discussion
RamboLambo said:
Lack of interest ? Its already sold once and its been about 2 weeks. Lets see if its still advertised in 12 months before we start saying lack of interest
Yes lack of interest from every McLaren dealer in the land. TGETV admitted that he had ZERO interest in this car...a car with a 12 month waiting list if you believe that pigs fly ..
And he sold it at a loss - below list price. 488 Spiders are still fetching £50k over list..go figure. It has to be conceived as a lack of interest. It's a brand new car that was hyped to Bolivia and back.
If the price has been reduced from £280k to £263k in the space of a week then that would suggest that GVE have had minimal or no prospective buyers.
There's obviously been issues with these cars since launch. I'd be interested to know what they are but so far anybody who got one has been polite and not said much.
If the price has been reduced from £280k to £263k in the space of a week then that would suggest that GVE have had minimal or no prospective buyers.
There's obviously been issues with these cars since launch. I'd be interested to know what they are but so far anybody who got one has been polite and not said much.
Mclaren are there own biggest Enemy here.
I spoke to the supplying dealer on several occasions explaining that I was an interested party in a 720 but couldn't deal with waiting 12 months as Im an impulsive kind of guy, I also had purchased my 570s from them as well and in was a cash buyer.
Im sure TGE would have been back in contact with them to try and off load it and they could have made a quick ten grand. At the time I would have paid list but clearly they are not interested in making this kind of profit.
Also from what ive noticed its mainly Mclaren that drive down the prices of these cars, not independant dealers which is usually the case.
I spoke to the supplying dealer on several occasions explaining that I was an interested party in a 720 but couldn't deal with waiting 12 months as Im an impulsive kind of guy, I also had purchased my 570s from them as well and in was a cash buyer.
Im sure TGE would have been back in contact with them to try and off load it and they could have made a quick ten grand. At the time I would have paid list but clearly they are not interested in making this kind of profit.
Also from what ive noticed its mainly Mclaren that drive down the prices of these cars, not independant dealers which is usually the case.
Turbo cab said:
Mclaren are there own biggest Enemy here.
Also from what ive noticed its mainly Mclaren that drive down the prices of these cars, not independent dealers which is usually the case.
You would have thought that considering how important the 720s is to McLaren, that there would be some sort of policy of buying the early cars back so that they dont cause embarrassment in the market. For this car to be still floating around and be drastically reduced is a huge downgrade on the brand and residuals. Its not as if its a poor spec or colour - quite the opposite. Also from what ive noticed its mainly Mclaren that drive down the prices of these cars, not independent dealers which is usually the case.
As you say, the main dealers dont care - they are more concerned with shifting their own allocation and bracing themselves for the cancellations, so every man is for himself. I would have thought Woking would have learnt this lesson by now.
@TP321
Will you please explain to us where your hatred towards the Mclaren brand comes from to give us some perspective? You live on this board to spew aggressive anti sentiment at any and every opportunity. Isn’t it time to move on with your life?
I agree that even a die hard Mclaren enthusiast has to admit that any 488 in this relative position would have been snapped by now.
But how are you not sure that this is not a sign of the broader market? I note that the early Aventador S examples are still for sale.
You have clearly forgotten that the 458 on release was initially a disaster for dealers. They had to hide them “around the back” because demand couldn’t meet supply. No one could say they were bad cars at the time but the market had softened. Discounts on brand new of over 10% could be negotiated with dealers. Then the market recovered and people kicked themselves for not pulling the trigger.
If 720s do drop quickly through the £200k level then something drastic will have happened to the wider market.
Will you please explain to us where your hatred towards the Mclaren brand comes from to give us some perspective? You live on this board to spew aggressive anti sentiment at any and every opportunity. Isn’t it time to move on with your life?
I agree that even a die hard Mclaren enthusiast has to admit that any 488 in this relative position would have been snapped by now.
But how are you not sure that this is not a sign of the broader market? I note that the early Aventador S examples are still for sale.
You have clearly forgotten that the 458 on release was initially a disaster for dealers. They had to hide them “around the back” because demand couldn’t meet supply. No one could say they were bad cars at the time but the market had softened. Discounts on brand new of over 10% could be negotiated with dealers. Then the market recovered and people kicked themselves for not pulling the trigger.
If 720s do drop quickly through the £200k level then something drastic will have happened to the wider market.
DarthtaterM16 said:
Price drop on the ex-TGE 720S. Now down to £263k.
http://www.gvelondon.com/pre-owned/mclaren/720s-lu...
I don't think the pictures on that website are doing it any favours! Third from last picture, is that a footprint in mud that I see on the drivers seat?http://www.gvelondon.com/pre-owned/mclaren/720s-lu...
WDISMYL said:
@TP321
I agree that even a die hard Mclaren enthusiast has to admit that any 488 in this relative position would have been snapped by now.
But how are you not sure that this is not a sign of the broader market? I note that the early Aventador S examples are still for sale.
Glad we agree on the 488. The Aventador, although it retains its value amazingly, isn't exactly a new highly anticipated model like the 720. I agree that even a die hard Mclaren enthusiast has to admit that any 488 in this relative position would have been snapped by now.
But how are you not sure that this is not a sign of the broader market? I note that the early Aventador S examples are still for sale.
The fact that there are Aventador S cars still for sale shows its the market as a whole rather than a particular brand. Equally now we have Huracan Performantes on sale and not moving.
Its winter and the market is deader than a dodo and everyone is cautious of jumping in with interest rate rises and Brexit round the corner.
The safest bet if you want one is to place an order to your exact spec and wait the 12 months with the option to cancel and have a refund if the market continues its downward spiral.
This car is still above list and that is new territory for McLaren on a regular production car. Lets see if its still advertised in a months time and below list before trying to destroy the brand and car in a depressed market
Its winter and the market is deader than a dodo and everyone is cautious of jumping in with interest rate rises and Brexit round the corner.
The safest bet if you want one is to place an order to your exact spec and wait the 12 months with the option to cancel and have a refund if the market continues its downward spiral.
This car is still above list and that is new territory for McLaren on a regular production car. Lets see if its still advertised in a months time and below list before trying to destroy the brand and car in a depressed market
RamboLambo said:
The fact that there are Aventador S cars still for sale shows its the market as a whole rather than a particular brand. Equally now we have Huracan Performantes on sale and not moving.
Its winter and the market is deader than a dodo and everyone is cautious of jumping in with interest rate rises and Brexit round the corner.
The safest bet if you want one is to place an order to your exact spec and wait the 12 months with the option to cancel and have a refund if the market continues its downward spiral.
This car is still above list and that is new territory for McLaren on a regular production car. Lets see if its still advertised in a months time and below list before trying to destroy the brand and car in a depressed market
HiIts winter and the market is deader than a dodo and everyone is cautious of jumping in with interest rate rises and Brexit round the corner.
The safest bet if you want one is to place an order to your exact spec and wait the 12 months with the option to cancel and have a refund if the market continues its downward spiral.
This car is still above list and that is new territory for McLaren on a regular production car. Lets see if its still advertised in a months time and below list before trying to destroy the brand and car in a depressed market
- Romans sold their AVS at over list and have got another one bought in already.
- It's not Winter. It's September. Interest rates if they do rise, won't be for months, and unlikely to be anything more than a, largely irrelevant to the car market, 0.25%.
- Touching on a previous point; the price someone is HOPING for has no indication of their ACTUAL value. Market determined the value of mine as below list. As the only person on here that has tried to sell a 720S I'm not sure why you're so vocal and adamant about the embittered tripe you spew. The car is unlikely to be for sale in a month as the owner is coming back from abroad and getting back in it if still around, (from my last chat with him).
Far too many McLaren bashers on this thread and the only angle they ever come at is the price and not the quality of the product.
So Ok for peace lets agree its not the marque for the FLIPPER.
Morale of the story is - if you want the latest, fastest, leading edge technology, best supercar money can buy and you actually want to DRIVE it get a McLaren. If you want to make a profit by FLIPPING it rather than driving it buy a Ferrari
TGE hope you make a big profit on your AVS so at least you wont be so bitter towards McLaren, though you have done yourself no favours getting one of their cherished LT's in the future whereas I'm top of their VIP list
So Ok for peace lets agree its not the marque for the FLIPPER.
Morale of the story is - if you want the latest, fastest, leading edge technology, best supercar money can buy and you actually want to DRIVE it get a McLaren. If you want to make a profit by FLIPPING it rather than driving it buy a Ferrari
TGE hope you make a big profit on your AVS so at least you wont be so bitter towards McLaren, though you have done yourself no favours getting one of their cherished LT's in the future whereas I'm top of their VIP list
Edited by RamboLambo on Monday 25th September 12:32
RamboLambo said:
Far too many McLaren bashers on this thread and the only angle they ever come at is the price and not the quality of the product.
So Ok for peace lets agree its not the marque for the FLIPPER.
TGE hope you make a big profit on your AVS so at least you wont be so bitter towards McLaren, though you have done yourself no favours getting one of their cherished LT's in the future whereas I'm top of their VIP list
I won't make a penny on the AVS, but not fussed my primary objective buying that car is having a 6.5L V12 in my ear.So Ok for peace lets agree its not the marque for the FLIPPER.
TGE hope you make a big profit on your AVS so at least you wont be so bitter towards McLaren, though you have done yourself no favours getting one of their cherished LT's in the future whereas I'm top of their VIP list
Me selling the 720S was fully on the radar of McLaren, even from as far back as March 2017 - everything was done in full visibility and they got first refusal on the car, not my fault nothing came back. No bridges burned. Not sure how many times you need to be told the same thing.
TGETV said:
I won't make a penny on the AVS, but not fussed my primary objective buying that car is having a 6.5L V12 in my ear.
Me selling the 720S was fully on the radar of McLaren, even from as far back as March 2017 - everything was done in full visibility and they got first refusal on the car, not my fault nothing came back. No bridges burned. Not sure how many times you need to be told the same thing.
If there is one main difference between Ferrari and McLaren, its that McLaren are not at all interested in the residuals of their cars. They wont do anything to support prices, or limit supply, The 675lt Spider clearly demonstrated that, but people have short memories when it suits them. Me selling the 720S was fully on the radar of McLaren, even from as far back as March 2017 - everything was done in full visibility and they got first refusal on the car, not my fault nothing came back. No bridges burned. Not sure how many times you need to be told the same thing.
The fact that they allowed one of their early cars, belonging to a youtube blogger, to fall in the hands of independent dealers and be "willy nilly" reduced in this way, just shows that they simply either do not care or worse, they cannot control their brand image. Complete amateurs. No matter how good the cars are, if you cant control the supply and demand of your brand, prices will suffer.
What shocks me is that this is a car (TGETV) that they should have known would received much publicity, but they stood back and did nothing.
On a final point, do not be at all surprised if when sales begin to drop off, that they identify the front end as the cause, and redesign it....
RamboLambo said:
though you have done yourself no favours getting one of their cherished LT's in the future whereas I'm top of their VIP list
They're already available well below list and have been for a while you wally.The Same cannot be said for thew 458 Speciale - And I'm not Mclaren bashing here as I outed my 488 in favour of my 570s.
Turbo cab said:
They're already available well below list and have been for a while you wally.
The Same cannot be said for thew 458 Speciale - And I'm not Mclaren bashing here as I outed my 488 in favour of my 570s.
2 year old used car now behind list shock horror. If i coukd run a csr for 2 years for peanuts i would be well chuffed. Whether you like it or not the 720S moved the game on even from 675LT whereas the 488 only clossed the gap to the old 650S and was not leaps and bounds above specialeThe Same cannot be said for thew 458 Speciale - And I'm not Mclaren bashing here as I outed my 488 in favour of my 570s.
458 speciale has also dropped a lot recently albeit it's still £50k over because it's USP as last normally aspirated V8.
As someone who is considering both a 458 speciale and 675LT my vote goes to an LT spider for the same money.
And I'm not a Ferrari basher as I have owned many and still have a F355GTS manual with capristo 😁
TP321 said:
If there is one main difference between Ferrari and McLaren, its that McLaren are not at all interested in the residuals of their cars. They wont do anything to support prices, or limit supply, The 675lt Spider clearly demonstrated that, but people have short memories when it suits them.
The fact that they allowed one of their early cars, belonging to a youtube blogger, to fall in the hands of independent dealers and be "willy nilly" reduced in this way, just shows that they simply either do not care or worse, they cannot control their brand image. Complete amateurs. No matter how good the cars are, if you cant control the supply and demand of your brand, prices will suffer.
What shocks me is that this is a car (TGETV) that they should have known would received much publicity, but they stood back and did nothing.
On a final point, do not be at all surprised if when sales begin to drop off, that they identify the front end as the cause, and redesign it....
Im led to believe that McLaren are actually helping support pricing and are dealing with over production to an extent. For the 570s and 540s at least. Sadly, for me, it appears that particular issue has been dealt with.The fact that they allowed one of their early cars, belonging to a youtube blogger, to fall in the hands of independent dealers and be "willy nilly" reduced in this way, just shows that they simply either do not care or worse, they cannot control their brand image. Complete amateurs. No matter how good the cars are, if you cant control the supply and demand of your brand, prices will suffer.
What shocks me is that this is a car (TGETV) that they should have known would received much publicity, but they stood back and did nothing.
On a final point, do not be at all surprised if when sales begin to drop off, that they identify the front end as the cause, and redesign it....
RamboLambo said:
2 year old used car now behind list shock horror. If i coukd run a csr for 2 years for peanuts i would be well chuffed. Whether you like it or not the 720S moved the game on even from 675LT whereas the 488 only clossed the gap to the old 650S and was not leaps and bounds above speciale
458 speciale has also dropped a lot recently albeit it's still £50k over because it's USP as last normally aspirated V8.
As someone who is considering both a 458 speciale and 675LT my vote goes to an LT spider for the same money.
And I'm not a Ferrari basher as I have owned many and still have a F355GTS manual with capristo ??
Don't worry, I'm well informed on what you own given your continued need to mention it on every single thread however,458 speciale has also dropped a lot recently albeit it's still £50k over because it's USP as last normally aspirated V8.
As someone who is considering both a 458 speciale and 675LT my vote goes to an LT spider for the same money.
And I'm not a Ferrari basher as I have owned many and still have a F355GTS manual with capristo ??
I'm totally in agreement with how far ahead McLaren are compared to Ferrari and given the choice I'd take the 675 over the 458 as well, I'd actually wager the 675 is a better car than the upcoming 488 speciale and have one over that as well.
I often sum up the brand difference to my friends as the age old competition of Apple and Samsung - you know the Samsung/McLaren is the better device, but you always yearn for the Apple/Ferrari.
I don't yearn for a Ferrari or apple anymore. I was brought up aspiring to own one but things don't always live up to your dreams in reality.
I've gone beyond just the badge snobbery and history thing to buy what I think is the best product IMHO.
If it costs me a few quid more because of weaker residuals so be it.
Take residuals/price out of it and I genuinely believe McLarens are better products than Ferrari and Lamborghini at this point of time.
Its leading edge technology versus history/pedigree.
I agree McLaren do need to control supply and demand better and support used car prices through a stronger network but I cant knock their cars
I've gone beyond just the badge snobbery and history thing to buy what I think is the best product IMHO.
If it costs me a few quid more because of weaker residuals so be it.
Take residuals/price out of it and I genuinely believe McLarens are better products than Ferrari and Lamborghini at this point of time.
Its leading edge technology versus history/pedigree.
I agree McLaren do need to control supply and demand better and support used car prices through a stronger network but I cant knock their cars
Porsche tightly control the supply of their cars, GT3 / GT4 / GT2 / R etc. Very few can get hold of them new (unless they buy 2 new Cayenne's in rapid succession) and if you want one you will have to pay way over the odds from a flipper. Because of this many people have left Porsche and all I keep hearing of is Porsche owners leaving the brand as Porsche won't / can't sell them the car they want. Of course those that do get them are happy and many flip with a profit but they are few and far between.
Ferrari are similar, very difficult to get a 'special' car, you need to have been buying for years and be part of the family. A bit more understandable as everyone knows that is Ferrari s MO and accept it.
McLaren make their cars available to anyone, unlimited, faster and probably better cars than both of above and people moan that they depreciate. I am sure McLaren could limit numbers and be very picky with purchasers like Ferrari & Porsche but they are not. They must have made a decision to make these cars accessible to enthusiasts and anyone who wants one.
So either spend years and lots of money building a relationship with Ferrari or Porsche to then not drive your car as it will devalue; or go and buy a McLaren and enjoy it for what it was made for. You can't have your cake and eat it.
Ferrari are similar, very difficult to get a 'special' car, you need to have been buying for years and be part of the family. A bit more understandable as everyone knows that is Ferrari s MO and accept it.
McLaren make their cars available to anyone, unlimited, faster and probably better cars than both of above and people moan that they depreciate. I am sure McLaren could limit numbers and be very picky with purchasers like Ferrari & Porsche but they are not. They must have made a decision to make these cars accessible to enthusiasts and anyone who wants one.
So either spend years and lots of money building a relationship with Ferrari or Porsche to then not drive your car as it will devalue; or go and buy a McLaren and enjoy it for what it was made for. You can't have your cake and eat it.
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