12c under £90k

12c under £90k

Author
Discussion

WDISMYL

235 posts

87 months

Wednesday 7th February 2018
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Each to their own. I can understand taking a warts and all warranty to cover catastrophic problems if you are of a nervous disposition but surely you have to question whether you can afford to own a car if you feel the need to risk 3k to save a max of 7k each and every year. I know it’s per claim but again how likely are you to have more than one major claim a year if that? Add in the £500 excess for each claim too if I understood it correctly?

Buy a car 7k cheaper than you budget for and put that money aside and then set aside a further 3k each year if you are considering that deal? I have to think you’ll come out better off in the long run.

Edited by WDISMYL on Wednesday 7th February 18:29

isaldiri

18,570 posts

168 months

Wednesday 7th February 2018
quotequote all
WDISMYL said:
Each to their own. I can understand taking a warts and all warranty to cover catastrophic problems if you are of a nervous disposition but surely you have to question whether you can afford to own a car if you feel the need to risk 3k to save a max of 7k each and every year. I know it’s per claim but again how likely are you to have more than one major claim a year if that? Add in the £500 excess for each claim too if I understood it correctly?

Buy a car 7k cheaper than you budget for and put that money aside and then set aside a further 3k each year if you are considering that deal? I have to think you’ll come out better off in the long run.

Edited by WDISMYL on Wednesday 7th February 18:29
No, it's £500 per year excess not per claim I believe.

WDISMYL

235 posts

87 months

Wednesday 7th February 2018
quotequote all
Fair enough. But it’s the catastrophic failure the warranty should be for otherwise I would still argue if you can’t afford a 10k once in a blue moon repair bill then owning a supercar is a bad idea. Risking 3k to save 7k is crazy. Unless you have a 2:1 chance of a Mclaren causing serious problems each and every year. I know there are some anti Mclaren bashers on this forum but I find that hard to believe.

isaldiri

18,570 posts

168 months

Wednesday 7th February 2018
quotequote all
WDISMYL said:
Fair enough. But it’s the catastrophic failure the warranty should be for otherwise I would still argue if you can’t afford a 10k once in a blue moon repair bill then owning a supercar is a bad idea. Risking 3k to save 7k is crazy. Unless you have a 2:1 chance of a Mclaren causing serious problems each and every year. I know there are some anti Mclaren bashers on this forum but I find that hard to believe.
Ok I'm a bit slow today - you are saying the indy warranty is relatively bad value vs the official one?

I don't know tbh, in theory they are quite equivalent short of catastrophic engine failure I guess. I believe that thorney are saying they can repair the gearbox and most of the more common top end engine issues for less than £10k.

WDISMYL

235 posts

87 months

Wednesday 7th February 2018
quotequote all
Without the cover for catastrophic engine failure you are risking £3k to save a max of £7k.

If people think that’s a good deal I am suggesting that they probably shouldn’t be driving a supercar if they can’t afford an occasional £10k bill.

That might upset a lot of people but since we can’t offend snowflakes anywhere else let’s hope it’s still allowed at PistonHeads!

I would argue that the whole point of a warranty is to cover that very small risk of total catastrophic failure not trying to protect yourself against an occasional 10k bill and paying the pleasure of £3k for the protection!

People manage their finances differently but I would politely suggest that when doing their man maths they subtract £10-20k from their budget and put it aside rather than pay out for a very expensive call option that is capped at 10k each year.

corinthian

217 posts

133 months

Wednesday 7th February 2018
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WDISMYL said:
Without the cover for catastrophic engine failure you are risking £3k to save a max of £7k.

If people think that’s a good deal I am suggesting that they probably shouldn’t be driving a supercar if they can’t afford an occasional £10k bill.

That might upset a lot of people but since we can’t offend snowflakes anywhere else let’s hope it’s still allowed at PistonHeads!

I would argue that the whole point of a warranty is to cover that very small risk of total catastrophic failure not trying to protect yourself against an occasional 10k bill and paying the pleasure of £3k for the protection!

People manage their finances differently but I would politely suggest that when doing their man maths they subtract £10-20k from their budget and put it aside rather than pay out for a very expensive call option that is capped at 10k each year.
Spot on in my opinion, self insure the risk and the money’s yours to keep if nothing goes wrong and over time, you’re no worse of if it does.

GT Two

3,070 posts

192 months

Wednesday 7th February 2018
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Agreed, I don't see the point of a 10K limit. May as well self insure.

In addition currently I would much rather keep a McLaren at the main dealer for servicing and repairs. Until someone with a proper reputation takes on the brand and has the correct tools then I think the best option for me is to keep it in the main dealer network.

Ascot McLaren have looked after me and gone over and above every time. They had my car ready and worked late on two occasions when I had a fairly unrealistic timeframes due to road trips. They also have kept me updated all the way along with every service and warranty claim.

Over 5 or so interactions with Ascot I only have positive experiences to talk about.

Edited by GT Two on Wednesday 7th February 21:11

ChrisW.

6,299 posts

255 months

Saturday 10th February 2018
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I owned a 12c for the best part of a year, one of eight different cars that I share my mileage and experience across --- though they don't need to be expensive for me to appreciate them --- I adore my MX5 MkIV !

Looking back, I really enjoyed my MP4 12C. This car had amazing road presence, created huge and complimentary interest almost everywhere, and had I kept it I would certainly have retained the extended warranty (which didn't used to be an option as it is now in the later years).

The fact that the car then in new ownership dropped out of warranty and suffered at very low mileage a gearbox failure that McLaren were happy to ask £18k to replace (and would not allow Thorney to repair) is a stain that only McLaren could resolve, and from the looks of it they have.

If McLaren are being less supportive of their legacy market allowing prices to drop ... whilst porsche are building their Porsche Classic dealerships, then so be it.

But the 12C is still a fabulous car and at the price of a GT3, a £5k per annum extended warranty plus servicing is relatively small beer. It's certainly much less than serious depreciation.

Cars will not continue to appreciate, this is a bubble.

I had wondered in my retirement if I should again buy a 12c with extended warranty and just enjoy driving the wheels off it ... with extras many of them were north of £225k new ...

The 12C is still a Supercar.

Kyodo

729 posts

124 months

Sunday 11th February 2018
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WDISMYL said:
People manage their finances differently but I would politely suggest that when doing their man maths they subtract £10-20k from their budget and put it aside rather than pay out for a very expensive call option that is capped at 10k each year.
+1

The Surveyor

7,576 posts

237 months

Monday 12th February 2018
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GT Two said:
Agreed, I don't see the point of a 10K limit. May as well self insure.

......
The approach from these guys is to repair and fix a component rather than replace regardless under the McLaren warranty. Take the old gearbox oil seal issue, rather than replacing the whole gearbox for £20k plus leaving you with £10k to find over that £10k limit, they'll replace the seal and re-fit the original gearbox under their warranty. It looks a very sensible alternative to be fair.

WDISMYL

235 posts

87 months

Monday 12th February 2018
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And what’s to stop you from simply paying for those repairs out of pocket? Surely they offer the same service to walk in customers who don’t have the warranty? Im beating a dead horse but if you own a supercar but can not afford to get hit ,albeit rarely , with a £10k bill then you probably need to change your car. Paying £3k to save a maximum of £7k is poor risk management in my opinion. As always each to their own.

Ferruccio

1,835 posts

119 months

Monday 12th February 2018
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WDISMYL said:
And what’s to stop you from simply paying for those repairs out of pocket? Surely they offer the same service to walk in customers who don’t have the warranty? Im beating a dead horse but if you own a supercar but can not afford to get hit ,albeit rarely , with a £10k bill then you probably need to change your car. Paying £3k to save a maximum of £7k is poor risk management in my opinion. As always each to their own.
+1

ferdi p

1,519 posts

172 months

Monday 12th February 2018
quotequote all
WDISMYL said:
And what’s to stop you from simply paying for those repairs out of pocket? Surely they offer the same service to walk in customers who don’t have the warranty? Im beating a dead horse but if you own a supercar but can not afford to get hit ,albeit rarely , with a £10k bill then you probably need to change your car. Paying £3k to save a maximum of £7k is poor risk management in my opinion. As always each to their own.
+100%

IMI A

9,410 posts

201 months

Sunday 9th December 2018
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https://www.youtube.com/watch?v=PoviOeSzmME

Running costs of a new owner buying 12 over the last couple of years eek

IMI A

9,410 posts

201 months

Sunday 16th December 2018
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Useful vid for anyone considering a 12c. Must be the first Mcl Indy.

https://www.youtube.com/watch?v=RGkswepyiDc

lambo666

449 posts

118 months

Sunday 16th December 2018
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Thank you for posting that, Every potential person thinking of buying a used Mclaren in or out of the official network should watch this.
I learned a lot from this video about the cars design simplicity, engine/ gearbox/ carbon brake issues etc all explained properly that I have not seen in any other video.
I would use these guys for an inspection / maintainance of any Mclaren if i go down that route in the future.

andrew

9,969 posts

192 months

Sunday 16th December 2018
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IMI A said:
Useful vid for anyone considering a 12c. Must be the first Mcl Indy.

https://www.youtube.com/watch?v=RGkswepyiDc
thanks for posting thumbup

andrew

9,969 posts

192 months

Sunday 16th December 2018
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IMI A said:
Useful vid for anyone considering a 12c. Must be the first Mcl Indy.

https://www.youtube.com/watch?v=RGkswepyiDc
and the "other" clip :
https://www.youtube.com/watch?v=qA8psaYv19c&fe...

Wilmslowboy

4,208 posts

206 months

Sunday 16th December 2018
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Now sub £75k...around 6k miles a year.

Autotrader


slarti650

1,828 posts

154 months

Tuesday 18th December 2018
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IMI A said:
Useful vid for anyone considering a 12c. Must be the first Mcl Indy.

https://www.youtube.com/watch?v=RGkswepyiDc
Its interesting that non Mac owners aren't aware of thorney and think there is no indy support whereas Mac owners DO know about thorney. These "secrets" perpetuate the myth that Macs are expensive to maintain when they're actually not