720S Should I or shouldn't I?
Discussion
I have been offered 3 720s's by main McLaren dealers...all cancelled orders.that being said they're obviously all launch spec cars so if you want one to your own spec then clearly there's a decent wait.Most of the McLaren buyers I know went for their own spec so it might just be the launch cars that are struggling...
Over the years cars were mostly bought with cash and new cars, super or otherwise, mostly depreciated by a significant amount over the first three years and then more over the next five.
We will go back to this normality.
And there will be some pain in that process for individuals, finance companies and the manufacturers.
We will go back to this normality.
And there will be some pain in that process for individuals, finance companies and the manufacturers.
Ferruccio said:
Over the years cars were mostly bought with cash and new cars, super or otherwise, mostly depreciated by a significant amount over the first three years and then more over the next five.
We will go back to this normality.
And there will be some pain in that process for individuals, finance companies and the manufacturers.
Although i agree with your logic, if £200k plus cars will be bought by cash, the market will collapse as there are not enough cash buyers to support the existing market. Outputs in the UK will be decimated. Manufactures wont let this happen. Look at how Mercedes has flooded the market and gained market share by "selling" its cars via finance (HP or lease). They have basically become a bank with a side line of making cars. We will go back to this normality.
And there will be some pain in that process for individuals, finance companies and the manufacturers.
gunner said:
I have been offered 3 720s's by main McLaren dealers...all cancelled orders.that being said they're obviously all launch spec cars so if you want one to your own spec then clearly there's a decent wait.Most of the McLaren buyers I know went for their own spec so it might just be the launch cars that are struggling...
I suspect those people were hoping to move those cars on quickly for a profit and now see that was unlikely to happen so are canceling.Plus I have not been impresses with launch spec cars. I would much prefer to have a custom spec
WDISMYL said:
You are an odd fellow. This seems to make you happy? Why?
With Ferrari announcing 7% price increases, its IPO, youtubers ordering 5 new cars "on tick" in rapid succession (sorry TGE TV!) and the fact that what is without doubt a fantastic car in the 720s can't apparently hold its value would all indicate that the bell has been firmly rung and the wider market is about to take a decent move lower. So that completely unwarranted smugness that you wear with pride won't last long.
Maybe the whole supercar market falling doesn't effect his skoda ? Hence why he delights in bashing a british companyWith Ferrari announcing 7% price increases, its IPO, youtubers ordering 5 new cars "on tick" in rapid succession (sorry TGE TV!) and the fact that what is without doubt a fantastic car in the 720s can't apparently hold its value would all indicate that the bell has been firmly rung and the wider market is about to take a decent move lower. So that completely unwarranted smugness that you wear with pride won't last long.
Edited by WDISMYL on Friday 6th October 09:33
TP321 said:
Don't worry about Ferrari, i am sure they will be fine - 18 month wait on a 488 Spider and 3 year wait on a 812....If anyone is going to suffer cancellations it wont be them....;)
The big question here is why if the 720s has a 12 month wait, dealers are not interested in buying back an unwanted car?? There will be some mega deals on this - i might be even tempted
If you talk it down enough you might be able to afford one rather than keep dreaming about it. Ferrari putting their prices up 7% is taking the p155 but there will always be some mugs out there that would buy a £250k 3 wheel pram if it had a Ferrari badgeThe big question here is why if the 720s has a 12 month wait, dealers are not interested in buying back an unwanted car?? There will be some mega deals on this - i might be even tempted
Streetrod said:
I suspect those people were hoping to move those cars on quickly for a profit and now see that was unlikely to happen so are canceling.
Plus I have not been impresses with launch spec cars. I would much prefer to have a custom spec
Spot on. Launch cars for flippers was never a good recipe. Yes there are cancelled orders for sure but I was at Lambo this week and they work on the rule of thumb basis that roughly 20% of orders get cancelled for some reason.Plus I have not been impresses with launch spec cars. I would much prefer to have a custom spec
Wonder where all these cancelled orders are turning to if they are genuine retail customers ? No one is going to wait 2 years for a run of the mill 488.
Lambo dealer was suggesting to me ( no evidence though ) that they already had more Huracan Performante orders than the production timeframe will enable them to build but I guess they are going to say that
RamboLambo said:
If you talk it down enough you might be able to afford one rather than keep dreaming about it. Ferrari putting their prices up 7% is taking the p155 but there will always be some mugs out there that would buy a £250k 3 wheel pram if it had a Ferrari badge
So far my predictions are spot on...Ferrari is putting up its price because of the weak pound, and if they cant sell the whole UK allocation with the new prices, there are other markets that will take it. If anything this should help McLaren
RamboLambo said:
Spot on. Launch cars for flippers was never a good recipe. Yes there are cancelled orders for sure but I was at Lambo this week and they work on the rule of thumb basis that roughly 20% of orders get cancelled for some reason.
Wonder where all these cancelled orders are turning to if they are genuine retail customers ? No one is going to wait 2 years for a run of the mill 488.
Lambo dealer was suggesting to me ( no evidence though ) that they already had more Huracan Performante orders than the production timeframe will enable them to build but I guess they are going to say that
Nonsense...cancelled orders means that those cars will still need to be sold as they have been factored into production volumes and profits...discounts will start flowing once again as they have always done with the 12c/650s. Wonder where all these cancelled orders are turning to if they are genuine retail customers ? No one is going to wait 2 years for a run of the mill 488.
Lambo dealer was suggesting to me ( no evidence though ) that they already had more Huracan Performante orders than the production timeframe will enable them to build but I guess they are going to say that
Dont forget Rambo that you only joined the brand because you got a whopping discount on your 650s...A leopard cant change its spots - thats how these are sold!
Depends what time frame you refer to.
The euro was actually a few pips higher on 11th Oct 2016 last year.
And in 2008 it was several percentage points higher.
Global businesses try not to penalise individual markets because of short term fluctuations and are hedged somehwat by the fact they are selling into many different markets. You win on some you lose on others. It tends to even out.
This was global price increase nothing to do with the pound.
The euro was actually a few pips higher on 11th Oct 2016 last year.
And in 2008 it was several percentage points higher.
Global businesses try not to penalise individual markets because of short term fluctuations and are hedged somehwat by the fact they are selling into many different markets. You win on some you lose on others. It tends to even out.
This was global price increase nothing to do with the pound.
TP321 said:
Nonsense...cancelled orders means that those cars will still need to be sold as they have been factored into production volumes and profits...discounts will start flowing once again as they have always done with the 12c/650s.
Dont forget Rambo that you only joined the brand because you got a whopping discount on your 650s...A leopard cant change its spots - thats how these are sold!
Sorry to disappoint you old boy but I bought the 650S over a 458 because it was the better car. It even cost me more than the 458 spider so if it makes you happy the 458 was a better investment but I never buy a car as an investment and can afford reasonable depreciation Dont forget Rambo that you only joined the brand because you got a whopping discount on your 650s...A leopard cant change its spots - thats how these are sold!
Given the choice today there is even more reason to buy ta used 650s over the 458
Ferruccio said:
Quite the opposite - have you seen how much the £ is down vs the €...............?
Ask a Ferrari customer with an order placed and I think you will find the answer is "Ferrari is taking the p155". Wouldn't be surprised to see quite a few cancellations especially if 2 year waiting lists are in fact true. Who is going to want to pay a 14% premium and wait so long.McLaren will be rubbing their hands at more conquest customers.
Good old Italians always know how to shoot themselves in the foot rather than the opposition. Didn't the Italian tank regiments only have reverse gear
king tragic. Over and out.Yes it is the most disappointing section on PH, nearly every thread dissolves into a slagging match about money or depreciation concerns.
Every day I look in and it's the same story over and over again, I know many other McLaren owners who feel the same and just don't bother to post on hear for the same reason.
Very disappointing
Every day I look in and it's the same story over and over again, I know many other McLaren owners who feel the same and just don't bother to post on hear for the same reason.
Very disappointing
Yeah I've seen plenty of 720's on the road, even before launch, but then I live on the outskirts of Woking so see lots of Mclarens, both existing models and prototypes 
I've been following this forum for a couple of years now and it seems to me that there's one contributor on here that diverts every thread towards his obsession with money, and telling everyone and their dog that he's loaded and has this, that and the other on order. This comes across as insecure in the extreme and frankly ruins everyone else's enjoyment with the tedium - no doubt you have plenty of relevant and interesting input you could give so why can't you see how boring your input actually is, this is a car forum not a lesson in (allegedly) savvy investment
I've been following this forum for a couple of years now and it seems to me that there's one contributor on here that diverts every thread towards his obsession with money, and telling everyone and their dog that he's loaded and has this, that and the other on order. This comes across as insecure in the extreme and frankly ruins everyone else's enjoyment with the tedium - no doubt you have plenty of relevant and interesting input you could give so why can't you see how boring your input actually is, this is a car forum not a lesson in (allegedly) savvy investment
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