Residuals, Man Maths and a 540C
Discussion
Streetbeat said:
A good watch that!
Only really valid if you are buying new though and apart from the 720, no other model on the list or mentioned, but as usual Mclaren will be the talk of the Internet pages and clickbait channels because its got first place.
If McLaren's didn't depreciate, I'd have never owned a 650 Spider.Only really valid if you are buying new though and apart from the 720, no other model on the list or mentioned, but as usual Mclaren will be the talk of the Internet pages and clickbait channels because its got first place.
Despite reservations mentioned earlier in this thread, another McLaren is still the only thing I'm seriously considering purchasing - and probably another 650 Spider. There are a couple for sale at the moment that <mostly> match what I'm looking for, but I'm determined to wait until nearer Spring to decide if I really do want to continue with supercar ownership. I actually miss the car less than I expected (the almost constant rain is probably helping with that) - but I have had a few emails about events next year, and I am a bit disappointed that I can't commit to them.
fridaypassion said:
I think once you've had a car at this level its pretty hard to let go. I sold a 458 to go into a GT3. The GT3 was gone within 3 months and the original plan was to wait until winter to pick up a bargain....So this summer in the 600 basically cost me 20k. Oops. But what a summer!
Jumping in and out of the GT3 over a short period didn't cost much? 
That vid's numbers seem way off for the 720S.
As I posted elsewhere on this exact subject, a 720S Coupe with every single option ticked was £328,800 according to the 2017 price list I have. There is a mid-spec 2022 720S at McLondon for £220k. Even if that car has £50-70k of options that means18-26% depreciation (or around the VAT...) and not in fact anything close to 42%. As usual, they are hamming it up for YouTube clickbait and not letting anything close to the facts get in the way.
The talk of £400k 720Ss (which is getting on for 765LT money) is nonsense unless you're going mental in the MSO department.
As I posted elsewhere on this exact subject, a 720S Coupe with every single option ticked was £328,800 according to the 2017 price list I have. There is a mid-spec 2022 720S at McLondon for £220k. Even if that car has £50-70k of options that means18-26% depreciation (or around the VAT...) and not in fact anything close to 42%. As usual, they are hamming it up for YouTube clickbait and not letting anything close to the facts get in the way.
The talk of £400k 720Ss (which is getting on for 765LT money) is nonsense unless you're going mental in the MSO department.
So far in my experience, I lost about £2500 on my 650 spider during around 2 years of ownership, and theoretically well up on my current mac, although I shall only determine that upon the time for selling.
For a while, buying a McLaren new was a safe place for your cash, then they went a bit nuts and overproduced which then incurred huge discounts from new which is always the death knell for residuals.
Seems to be sorted now.
Most McLarens seem to be a reasonably safe place for your cash again.
720 coupes and spiders are pretty near the same price now as 2 years ago.
However, its a supercar, and anyone whom buys one should expect to lose money; your being a tad naive if you didn't.
My interpretation of this thread is that Justin is dissappointed with a few things, but overall he has throughly loved his long term ownership of his 540, which seems to be getting overlooked.
Just my views of course.
For a while, buying a McLaren new was a safe place for your cash, then they went a bit nuts and overproduced which then incurred huge discounts from new which is always the death knell for residuals.
Seems to be sorted now.
Most McLarens seem to be a reasonably safe place for your cash again.
720 coupes and spiders are pretty near the same price now as 2 years ago.
However, its a supercar, and anyone whom buys one should expect to lose money; your being a tad naive if you didn't.
My interpretation of this thread is that Justin is dissappointed with a few things, but overall he has throughly loved his long term ownership of his 540, which seems to be getting overlooked.
Just my views of course.
Yeah agree, I've lost a bit (good bit!) on mine but I bought at 6 months old and have had it almost 5 years so it's to be expected. I'd say it's retained 65% of it's new value after 5 years. Thats actually pretty good.
Sure it's not on par with a GT3 or 458 residual wise but it would probably be unfair to make that comparison given how young McLaren are.
I am still absolutely delighted with the car.
I just wish the after care was a bit better. Current customers should be number one priority to look after. As we'll be the ones likely to trade up, spread good word etc
Sure it's not on par with a GT3 or 458 residual wise but it would probably be unfair to make that comparison given how young McLaren are.
I am still absolutely delighted with the car.
I just wish the after care was a bit better. Current customers should be number one priority to look after. As we'll be the ones likely to trade up, spread good word etc
Wheelspinning said:
Most McLarens seem to be a reasonably safe place for your cash again.
720 coupes and spiders are pretty near the same price now as 2 years ago.
However, its a supercar, and anyone whom buys one should expect to lose money; your being a tad naive if you didn't.
To back that up, after getting some finance early last year on my 570s, the residuals were shocking. Ive recently run some numbers with the finance guy and he said Mclarens residuals are being viewed much better by lenders.720 coupes and spiders are pretty near the same price now as 2 years ago.
However, its a supercar, and anyone whom buys one should expect to lose money; your being a tad naive if you didn't.
Keep hoping for 720s to come down, but in my experience they are solid at £150 for a nice one since early 2021.
Exactly, i think people are too caught up in the safe option of premiums for anything with the GT/GTRS badge, great if you are in a Porsche dealers good books, but if you actually want to buy something without a 3 year wait or more, its all a bit futile.
RSbandit said:
Lost £12k on my 570s over 3 yrs and 15k miles....can't complain about that although I sold privately so didn't incur the dealer spread. The depreciation was less that the running costs all told.
I'm assuming 3x£3,000 for warranty and roughly 3x£1,5000 roughly for servicing and consumables so about £13.5k in total for 3 years - or am I way off?PinkHouse said:
I'm assuming 3x£3,000 for warranty and roughly 3x£1,5000 roughly for servicing and consumables so about £13.5k in total for 3 years - or am I way off?
Tax and Insurance £1200 pa and I prob spent £2k on tyres and pads as well over 3 yrs. I think you need to budget £5-6k pa to run any of the Sports Series cars. 
t the residuals will drop off the end of the cliff as soon as I’ve taken the plunge ! RSbandit said:
Jumping in and out of the GT3 over a short period didn't cost much?
I bought the GT3 10k under retail so I was able to sell it back into trade and still get my money back luckily. I can't tell you how pants that car is I'm sure everyone that raves about them is on drugs!Anyway sorry Justin thread derailment!
fridaypassion said:
I bought the GT3 10k under retail so I was able to sell it back into trade and still get my money back luckily. I can't tell you how pants that car is I'm sure everyone that raves about them is on drugs!
Anyway sorry Justin thread derailment!
Drove a 991.1 GT3 a while back thought it was a nice enough thing but just so overpriced Anyway sorry Justin thread derailment!
DRZ said:
That vid's numbers seem way off for the 720S.
As I posted elsewhere on this exact subject, a 720S Coupe with every single option ticked was £328,800 according to the 2017 price list I have. There is a mid-spec 2022 720S at McLondon for £220k. Even if that car has £50-70k of options that means18-26% depreciation (or around the VAT...) and not in fact anything close to 42%. As usual, they are hamming it up for YouTube clickbait and not letting anything close to the facts get in the way.
The talk of £400k 720Ss (which is getting on for 765LT money) is nonsense unless you're going mental in the MSO department.
That’s what I thought too when I watched.As I posted elsewhere on this exact subject, a 720S Coupe with every single option ticked was £328,800 according to the 2017 price list I have. There is a mid-spec 2022 720S at McLondon for £220k. Even if that car has £50-70k of options that means18-26% depreciation (or around the VAT...) and not in fact anything close to 42%. As usual, they are hamming it up for YouTube clickbait and not letting anything close to the facts get in the way.
The talk of £400k 720Ss (which is getting on for 765LT money) is nonsense unless you're going mental in the MSO department.
Was recently looking at 720s and they weren’t loosing at that level. Maybe 2 or 3 years ago.
Still not convinced they are entirely safe and could revert to type. I chickened out and got a 458.
Next time though....
RSbandit said:
fridaypassion said:
I bought the GT3 10k under retail so I was able to sell it back into trade and still get my money back luckily. I can't tell you how pants that car is I'm sure everyone that raves about them is on drugs!
Anyway sorry Justin thread derailment!
Drove a 991.1 GT3 a while back thought it was a nice enough thing but just so overpriced Anyway sorry Justin thread derailment!
Only issue is that a decently spec'ed 991.2 GT3 on the used market is nearly twice the price of a McLaren 570S, is it twice the car? if I went just off journalist reviews then perhaps it is.
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