Potential 720S Purchase - Some advice please!
Discussion
Hi all!
Been eyeing up a couple of the 720S' on the market recently. Always loved the looks. Can't not love the performance. Not really much to argue with.. Except the value. I intend, fully and upfront, to only keep the car for 6 months or so, during which I'll cover 4000-5000 miles. I have another supercar incoming which this 720S is acting as a stop-gap for.
I do intend on driving it fairly frequently, but my daily is an E63S and I'm not lacking for grunt there. This will be a driving event only type car.. And the occasional milk run, of course!
The cars I've been looking at are sat at roughly £240k. Happy to pay it in cash, but wondering if leasing or financing it is more sensible? Little worried about what it's going to look like at the end of the year. I'd like to not lose £10k per month on a car I don't really intend on keeping for a lifetime. Not too experienced with supercar depreciation having not owned something of this scale before.
In my mind, realistically, a £240k car will be sat at £220k by the end of the year, at 5000 miles. Am I relatively close or completely delusional?
Already made appointments at Rybrook for the second round of viewings. Am fairly serious about this.. Would just like to go in armed with as much information as possible!
Cheers for looking, chaps!
Been eyeing up a couple of the 720S' on the market recently. Always loved the looks. Can't not love the performance. Not really much to argue with.. Except the value. I intend, fully and upfront, to only keep the car for 6 months or so, during which I'll cover 4000-5000 miles. I have another supercar incoming which this 720S is acting as a stop-gap for.
I do intend on driving it fairly frequently, but my daily is an E63S and I'm not lacking for grunt there. This will be a driving event only type car.. And the occasional milk run, of course!
The cars I've been looking at are sat at roughly £240k. Happy to pay it in cash, but wondering if leasing or financing it is more sensible? Little worried about what it's going to look like at the end of the year. I'd like to not lose £10k per month on a car I don't really intend on keeping for a lifetime. Not too experienced with supercar depreciation having not owned something of this scale before.
In my mind, realistically, a £240k car will be sat at £220k by the end of the year, at 5000 miles. Am I relatively close or completely delusional?
Already made appointments at Rybrook for the second round of viewings. Am fairly serious about this.. Would just like to go in armed with as much information as possible!
Cheers for looking, chaps!
Going into winter it is hard to see a dealer buying what he sold you six months earlier with only a twenty grand spread - that implies he could still sell it for the same again
I suspect your assessment of ten grand a month is more accurate (and I doubt any sort of finance or leasing will protect you from that)
I suspect your assessment of ten grand a month is more accurate (and I doubt any sort of finance or leasing will protect you from that)
Wilmslowboy said:
A few recent used 720 buyers (that I have heard of) have not paid £240k. (closer to £200k).
I know of at least one buyer that has done a guaranteed buy back with the dealer at £20k less (9 months later)...sounds tasty but at least its a guaranteed position.
That's very interesting. Will go in there with the idea of a guaranteed buyback. The next car, after 6mo, will likely be another McL. Might help the situation. I know of at least one buyer that has done a guaranteed buy back with the dealer at £20k less (9 months later)...sounds tasty but at least its a guaranteed position.
The cars I'm looking at ->
https://www.autotrader.co.uk/classified/advert/201...
and
https://www.autotrader.co.uk/classified/advert/201...
I'd honestly much rather pay closer to £200k, but, haven't seen any decent spec cars round that price. Only 1 that's available in LHD and 10k miles. Or is it a case of negotiation?
ferdi p said:
If true that there are dealers willing to buy back at just 20k less in 9 months, then I'd jump on that. You certainly couldn't hire one for just over 2k per month!
Yeah, if they tell me they'll take it back after 9 months for 20k less I'm writing a cheque on the spot. Gonna go in and see what's what.ferdi p said:
If true that there are dealers willing to buy back at just 20k less in 9 months, then I'd jump on that. You certainly couldn't hire one for just over 2k per month!
To be transparent, he is a bit of seasoned Mclaren buyer and had to take out the finance (so total will be higher.CyCy said:
...
I'd honestly much rather pay closer to £200k, but, haven't seen any decent spec cars round that price. Only 1 that's available in LHD and 10k miles. Or is it a case of negotiation?
Feedback I have have heard is the deal won't be done on the phone, you need to see them face to face.......when it comes to stock cars, pre-reg - deals can be done, if you push hard.I'd honestly much rather pay closer to £200k, but, haven't seen any decent spec cars round that price. Only 1 that's available in LHD and 10k miles. Or is it a case of negotiation?
There are a few private used 720s for sale - where I know deals can be done - I'll point one of the seller to this thread.
If it was my money ...I'd buy a 570s or even a 650s Spyder...perhaps one still with years warranty etc that could probably be owned for 6 month for closer to £15k and you would only have to put £140k into it .........
- 
Wilmslowboy said:
Feedback I have have heard is the deal won't be done on the phone, you need to see them face to face.......when it comes to stock cars, pre-reg - deals can be done, if you push hard.
There are a few private used 720s for sale - where I know deals can be done - I'll point one of the seller to this thread.
If it was my money ...I'd buy a 570s or even a 650s Spyder...perhaps one still with years warranty etc that could probably be owned for 6 month for closer to £15k and you would only have to put £140k into it ......... -
Very fair. I intend to pay cash but will have to meet them first and figure out what works out better for me. Not opposed to taking out finance etc, though. There are a few private used 720s for sale - where I know deals can be done - I'll point one of the seller to this thread.
If it was my money ...I'd buy a 570s or even a 650s Spyder...perhaps one still with years warranty etc that could probably be owned for 6 month for closer to £15k and you would only have to put £140k into it .........
- The 570S comment is apt, I do intend on owning one of those too. Will go round to Bristol and figure out which way I'm gonna do it. I do intend on buying from the dealer so as to establish a relationship, but I'm open to a private sale if Rybrook doesn't work out. Can't miss owning this awesome machine to be honest. I'm new to this world and I do figure that's how people get their grubby paws on the LTs and so on and so forth. Man, that's the stuff dreams are made of. Spec'ing your dream, limited edition McL at the MTC (I don't think they do that for LTs, but let a man dream!). Giving me the fuzzies right now, haha!
More 675 LT's for sale than 650S ? Go figure the limited edition numbers
675LT will continue to drop as Sport series LT is launched at Goodwood and then there will be 750LT. I tried to buy one 6 months ago now with a guaranteed buy back after 6 months but dealer wanted a £30k drop which was too rich for me
675LT will continue to drop as Sport series LT is launched at Goodwood and then there will be 750LT. I tried to buy one 6 months ago now with a guaranteed buy back after 6 months but dealer wanted a £30k drop which was too rich for me
In your own words and with no disrespect intended you are delusional I'm afraid...
Similiar mileage 5k car that i currently know of has only attracted bids of around £185k in the the trade with Ascot finally selling there 5k example for £205k, talks of sizable discounts being had from main dealers despite being promised 6 months ago by my dealer this would not happen also shows McLaren going down there usual routes to move units further hitting residuals....
The cars for sale currently, like the one sat at top555 has been up for over a month and is around £45k behind list with no miles, also the 1500 mile white £280 list car at ryebrook has been up for sale for months starting at £280, now currently sitting at £247 and it's still too expensive at that price point given what's sold in the market recently.
I was lucky to get out of mine with minimumul losses however, I would say a full spec car that lists at £280k with 5k miles going into winter will be lucky to attract a trade bid of £170k
Similiar mileage 5k car that i currently know of has only attracted bids of around £185k in the the trade with Ascot finally selling there 5k example for £205k, talks of sizable discounts being had from main dealers despite being promised 6 months ago by my dealer this would not happen also shows McLaren going down there usual routes to move units further hitting residuals....
The cars for sale currently, like the one sat at top555 has been up for over a month and is around £45k behind list with no miles, also the 1500 mile white £280 list car at ryebrook has been up for sale for months starting at £280, now currently sitting at £247 and it's still too expensive at that price point given what's sold in the market recently.
I was lucky to get out of mine with minimumul losses however, I would say a full spec car that lists at £280k with 5k miles going into winter will be lucky to attract a trade bid of £170k
Edited by Turbo cab on Monday 28th May 20:19
Edited by Turbo cab on Monday 28th May 20:20
Turbo cab said:
In your own words and with no disrespect intended you are delusional I'm afraid...
Similiar mileage 5k car that i currently know of has only attracted bids of around £185k in the the trade with Ascot finally selling there 5k example for £205k, talks of sizable discounts being had from main dealers despite being promised 6 months ago by my dealer this would not happen also shows McLaren going down there usual routes to move units further hitting residuals....
The cars for sale currently, like the one sat at top555 has been up for over a month and is around £45k behind list with no miles, also the 1500 mile white £280 list car at ryebrook has been up for sale for months starting at £280, now currently sitting at £247 and it's still too expensive at that price point given what's sold in the market recently.
I was lucky to get out of mine with minimumul losses however, I would say a full spec car that lists at £280k with 5k miles going into winter will be lucky to attract a trade bid of £170k
Those are some interesting data points, thanks. I’m watching these with interest. I need to shift a car or two and I’m in no rush but I fancy owning a McL at some point soon. Similiar mileage 5k car that i currently know of has only attracted bids of around £185k in the the trade with Ascot finally selling there 5k example for £205k, talks of sizable discounts being had from main dealers despite being promised 6 months ago by my dealer this would not happen also shows McLaren going down there usual routes to move units further hitting residuals....
The cars for sale currently, like the one sat at top555 has been up for over a month and is around £45k behind list with no miles, also the 1500 mile white £280 list car at ryebrook has been up for sale for months starting at £280, now currently sitting at £247 and it's still too expensive at that price point given what's sold in the market recently.
I was lucky to get out of mine with minimumul losses however, I would say a full spec car that lists at £280k with 5k miles going into winter will be lucky to attract a trade bid of £170k
Edited by Turbo cab on Monday 28th May 20:19
Edited by Turbo cab on Monday 28th May 20:20
I might pop my Fez on SOR end of this week and there’s a 997 GT3 that might go too. That gives me some space and will leave me with a gap to fill - never good for rational buying!
Surely prices are only going one way though given McL’s previous pricing strategy and the history of depreciation. Your figures make sense in that light and I’d have thought cheeky bids around 200k might be entertained. Options are variable though; layer on paint colours and one can be limited on supply of a spec that suits. For me it’s some of the carbon options, the gorilla glass door panels, lift (standard?) and I rather like the reds/oranges. The McL Brum car in volcano red looks good but 50 grand off their asking price might be ambitious, but perhaps not in a few months
Edited by jimmyslr on Monday 28th May 23:22
Turbo cab said:
In your own words and with no disrespect intended you are delusional I'm afraid...
Similiar mileage 5k car that i currently know of has only attracted bids of around £185k in the the trade with Ascot finally selling there 5k example for £205k, talks of sizable discounts being had from main dealers despite being promised 6 months ago by my dealer this would not happen also shows McLaren going down there usual routes to move units further hitting residuals....
The cars for sale currently, like the one sat at top555 has been up for over a month and is around £45k behind list with no miles, also the 1500 mile white £280 list car at ryebrook has been up for sale for months starting at £280, now currently sitting at £247 and it's still too expensive at that price point given what's sold in the market recently.
I was lucky to get out of mine with minimumul losses however, I would say a full spec car that lists at £280k with 5k miles going into winter will be lucky to attract a trade bid of £170k
Ah, no stress, I asked so that I could gather valuable data points. Thanks for providing the insight, man! Similiar mileage 5k car that i currently know of has only attracted bids of around £185k in the the trade with Ascot finally selling there 5k example for £205k, talks of sizable discounts being had from main dealers despite being promised 6 months ago by my dealer this would not happen also shows McLaren going down there usual routes to move units further hitting residuals....
The cars for sale currently, like the one sat at top555 has been up for over a month and is around £45k behind list with no miles, also the 1500 mile white £280 list car at ryebrook has been up for sale for months starting at £280, now currently sitting at £247 and it's still too expensive at that price point given what's sold in the market recently.
I was lucky to get out of mine with minimumul losses however, I would say a full spec car that lists at £280k with 5k miles going into winter will be lucky to attract a trade bid of £170k
Edited by Turbo cab on Monday 28th May 20:19
Edited by Turbo cab on Monday 28th May 20:20
So, the 1500 mile white £280k list car, the one sat at Rybrook Bristol.. For £247k now. What do you reckon would be a reasonable offer for that? I'm going in to see it on Friday, and want to get a good idea of what to expect. Would I be laughed out of the dealer for offering £215-220k?
Edited by CyCy on Tuesday 29th May 00:38
I have a suspicion that particular car is SOR.
If not, £215k would probably be my starting point given the mileage, there were two full spec white cars that sold earlier in the year with practically no miles on, one at Romans and one at a jaguar dealership and both went for around £232k.
If not, £215k would probably be my starting point given the mileage, there were two full spec white cars that sold earlier in the year with practically no miles on, one at Romans and one at a jaguar dealership and both went for around £232k.
Edited by Turbo cab on Tuesday 29th May 07:03
Turbo cab said:
I have a suspicion that particular car is SOR.
If not, £215k would probably be my starting point given the mileage, there were two full spec white cars that sold earlier in the year with practically no miles on, one at Romans and one at a jaguar dealership and both went for around £232k.
Yeah, this will actually be my second visit to McL Bristol, saw that car first a few months ago. It was, if I remember correctly, SOR. There is a gorgeous red car with 60 miles on the clock going for £237k or thereabouts as well. May put in an offer on that for £205-210k or so simply because it isn't spec'd as high.If not, £215k would probably be my starting point given the mileage, there were two full spec white cars that sold earlier in the year with practically no miles on, one at Romans and one at a jaguar dealership and both went for around £232k.
Edited by Turbo cab on Tuesday 29th May 07:03
ted 191 said:
Most of what has been said on this thread is pure speculation, to get the facts, visit a dealer and find out what they are offering, I've just bought a 720 and did some homework and the numbers are no where near what has been speculated.
Shock, horror more speculation on the discounts/depreciation of a McLaren. Always someone trying to put the brand down, I wonder why ?Its the same old one car with a gearbox issue or the car that was £xx,xxx off list price. Like you say mere speculation, wishful thinking and brand bashing from people with motives and mischievous agenda.
I've seen both Bristol cars and will be there on Friday with one of my own cars.
Hopefully I don't see someone being grabbed by the scruff of the neck and ejected lol
ted 191 said:
Most of what has been said on this thread is pure speculation, to get the facts, visit a dealer and find out what they are offering, I've just bought a 720 and did some homework and the numbers are no where near what has been speculated.
Please inform us of your numbers ted?I have no axe to grind here, the only speculation I have made is the future value in six months, this was a calculated estimation based on the facts of what has sold and been bid on recently, and what has sold over the last few months that I know of....
I've done my homework and been keeping a close eye on the market, as in checking daily and contacting dealers to see where there at with specific cars and how low they would go to as I would love to get into another. I highly regard them as a car however, the market has some way to go with this one before it settles.
As a factual example:
The top555 car that has been up for sale for over a month at £237k with 25 miles on the clock, would have been purchased at £220 - £225k MAX (maybe even lower) and that's an as new £280k list car, where does that leave say a £240k spec car with 5k miles from a dealer bid perspective?
You don't have to be a genius to know that it doesn't start with a 2....
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