720s Below 200K Already

720s Below 200K Already

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Discussion

lowndes

618 posts

159 months

Tuesday 21st August 2018
quotequote all
I may have posted some of this before but at the risk of repetition here are some data points.
New 650S spider ordered December 2015. Delivered March 2016. List £245k. OTR cost to me £200k. Sold Feb 2017 with 4.5k miles through AB returning £184k to me after AB commission.

At handover in March 2016 the fuel filler cap would not open. Handover aborted and postponed to following week. When on tour In Swiss Alps the passenger window opened halfway of its own accord and refused to close. Mac Assist were very helpful but the first recovery was 2 days away so I did a 300 km round trip to Geneva where they closed the window but were unable to fix the fault as the part was on 2 week back order.

Save for the two faults noted the car was otherwise faultless and a pleasure to own and drive.

Following that experience I have been watching 720S and or 675LT with interest as I would like another McLaren. However, for the moment I am inclined to stay on the sidelines and observe the general trajectory of prices and service issues.

Jules360

1,877 posts

147 months

Tuesday 21st August 2018
quotequote all
RamboLambo said:
Interesting observation and can see the logic behind it. If you buy nearly new you are diluting the 1st owner/1st year huge depreciation hit.
I ran a 650S Spider for best part of 4 years at circa £20k per annum which for me was worth every penny and more.
If you want the latest and greatest and be the first in the queue you will pay a premium for that benefit so go in eyes open and don't moan about it

Yes I could of bought another Ferrari like everyone else and saved myself a few thousand pounds a year but why would I when I want the best car out there for the money I have budgeted to lose.
If you want an investment can I suggest you choose bricks and mortar and not a car.

LIMITED edition cars have got to be the best way to protect your investment IMHO
So you don't care about the depreciation but have now bought a LIMITED edition car to protect your "investment" ??

Out of interest, why does LIMITED have to be in capitals ?

RamboLambo

4,843 posts

115 months

Tuesday 21st August 2018
quotequote all
Jules360 said:
So you don't care about the depreciation but have now bought a LIMITED edition car to protect your "investment" ??

Out of interest, why does LIMITED have to be in capitals ?
I bought the 675 LT because it's a lightweight track focussed fun car based on the 650 I adored.
The fact it's LIMITED is purely a bonus to The EXCLUSIVITY of owning a McLaren in the first place.
Just like passing on my advice / experience to others who seem to be put off McLaren ownership due to depreciation.
Did you not know the 675LT is the only LIMITED McLaren after they decided to make the 600LT UNLIMITED

cayman-black

8,080 posts

161 months

Tuesday 21st August 2018
quotequote all
lowndes said:
I may have posted some of this before but at the risk of repetition here are some data points.
New 650S spider ordered December 2015. Delivered March 2016. List £245k. OTR cost to me £200k. Sold Feb 2017 with 4.5k miles through AB returning £184k to me after AB commission.

At handover in March 2016 the fuel filler cap would not open. Handover aborted and postponed to following week. When on tour In Swiss Alps the passenger window opened halfway of its own accord and refused to close. Mac Assist were very helpful but the first recovery was 2 days away so I did a 300 km round trip to Geneva where they closed the window but were unable to fix the fault as the part was on 2 week back order.

Save for the two faults noted the car was otherwise faultless and a pleasure to own and drive.

Following that experience I have been watching 720S and or 675LT with interest as I would like another McLaren. However, for the moment I am inclined to stay on the sidelines and observe the general trajectory of prices and service issues.
£45k discount is very good. Oh and its good to hear actual facts from an owner!


Edited by cayman-black on Tuesday 21st August 12:08

Targarama

14,270 posts

228 months

Tuesday 21st August 2018
quotequote all
RamboLambo said:
Jules360 said:
So you don't care about the depreciation but have now bought a LIMITED edition car to protect your "investment" ??

Out of interest, why does LIMITED have to be in capitals ?
I bought the 675 LT because it's a lightweight track focussed fun car based on the 650 I adored.
The fact it's LIMITED is purely a bonus to The EXCLUSIVITY of owning a McLaren in the first place.
Just like passing on my advice / experience to others who seem to be put off McLaren ownership due to depreciation.
Did you not know the 675LT is the only LIMITED McLaren after they decided to make the 600LT UNLIMITED
I think the 600LT will be limited by the fact that they can't sell all they are making and will stop making them. Watch in a few months, I bet there are a few allocations left for sale. Its a lot of money even though it will be an awesome car. So much choice at £250k (maybe not faster on a track, but that's not what all buyers want).

RamboLambo

4,843 posts

115 months

Tuesday 21st August 2018
quotequote all
Targarama said:
I think the 600LT will be limited by the fact that they can't sell all they are making and will stop making them. Watch in a few months, I bet there are a few allocations left for sale. Its a lot of money even though it will be an awesome car. So much choice at £250k (maybe not faster on a track, but that's not what all buyers want).
I can see why you might think that afterall I did pull my 2 orders based on a combination of the price and not being limited to a finite number versus purchasing a delivery mileage 675LT Spider.

That said my local dealer had 32 people for an initial allocation of 6 600LT's so I don't think they will have an issue filling the spaces.
Demand seems way higher than the likely production numbers and TBH I can see McLaren somehow managing to build more cars and capitalise on the revenue.

The 600LT is no doubt an awesome car but McLaren have stretched the price based off the previous success of the 675LT and I think its at the upper limit for a sport series car personally

Juno

Original Poster:

3,655 posts

194 months

Tuesday 21st August 2018
quotequote all
Lee-0r5hq said:
Its already happening, a couple of outfits already have full diagnostics now.
With the blessing of Mclaren or some covert diagnostics software?

Jules360

1,877 posts

147 months

Tuesday 21st August 2018
quotequote all
RamboLambo said:
I can see why you might think that afterall I did pull my 2 orders based on a combination of the price and not being limited to a finite number versus purchasing a delivery mileage 675LT Spider.

So you pulled your order for a lightweight track focussed fun car because it wasn't LIMITED and instead bought another car because it is a lightweight track focussed fun car and the fact that it is LIMITED is merely a bonus ?? Do you intend to take the 675 on a track ?

RamboLambo

4,843 posts

115 months

Tuesday 21st August 2018
quotequote all
Jules360 said:
So you pulled your order for a lightweight track focussed fun car because it wasn't LIMITED and instead bought another car because it is a lightweight track focussed fun car and the fact that it is LIMITED is merely a bonus ?? Do you intend to take the 675 on a track ?
Lol. What took you so long !
675LT is just a better car despite being an older model.
Super series v sport series, active aero and hydraulic suspension Tec
No doubt will be top trumped by 750LT in 3 years time but at £370k.
I think the LT has to be tracked to be truly appreciated.
You can only do 30 mph along Torquay esplanade 😂

cayman-black

8,080 posts

161 months

Tuesday 21st August 2018
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I see Top555 have another 720 in £234k seems pricey to me.

tyrrell

1,400 posts

153 months

Tuesday 21st August 2018
quotequote all
That's because its a nice spec performance and not a weird spec luxury model wink

RamboLambo

4,843 posts

115 months

Tuesday 21st August 2018
quotequote all
tyrrell said:
That's because its a nice spec performance and not a weird spec luxury model wink
Exactly, spec dependent but I reckon he thinks he can talk the price down by making every post about the price too high or look how low lol
New one in the showroom could be £270k so its all relative

cayman-black

8,080 posts

161 months

Tuesday 21st August 2018
quotequote all
Ok i was going to ask how much it would be new.

Lol, Surely they don't need me to talk the prices down, do they?

Edited by cayman-black on Tuesday 21st August 16:30

RamboLambo

4,843 posts

115 months

Tuesday 21st August 2018
quotequote all
The norm for performance spec seems to be £230- £240k.

Luxury spec seems less desirable and early launch spec luxury cars the cheapest of the lot. If that spec suits you or you are not too bothered then you cant go to far wrong with an entry launch spec luxury car between £200k and £220K. If you are lucky enough to spot the odd £199k car they are being snapped up immediately as people realise that's an insane price for this supercar but its not the norm.

If I was looking I would buy the A Bols yellow car up at £220k. Looks fantastic and a decent spec 2018 car that's literally been used for one foreign trip hence the 3,000 miles in 4 months

cayman-black

8,080 posts

161 months

Tuesday 21st August 2018
quotequote all
Yes, that does look good.

isaldiri

4,845 posts

113 months

Tuesday 21st August 2018
quotequote all
Lee-0r5hq said:
Its already happening, a couple of outfits already have full diagnostics now.
Who are these outfits that Mclaren have released their diagnostics to?

br d

7,139 posts

171 months

Tuesday 21st August 2018
quotequote all
cayman-black said:
Yes, that does look good.
That's mine, I've priced it to be one of the best value cars for the spec out there.

People are entitled to their opinions of course but there does seem to be some over the top comments around here about the 720S.

As far as "720S's are now under 200 grand" goes I had a quick look at the PH classifieds this morning. There was one pretty low spec car under 200, one at 210, mine at 220 then 31 more above that. These are all being sold by high quality dealers and McLaren themselves, I expect these dealers have a good idea of the current value of their stock.



garyhun

27,402 posts

173 months

Tuesday 21st August 2018
quotequote all
isaldiri said:
Lee-0r5hq said:
Its already happening, a couple of outfits already have full diagnostics now.
Who are these outfits that Mclaren have released their diagnostics to?
Now that’s a good question smile

_Leg_

2,405 posts

156 months

Tuesday 21st August 2018
quotequote all
RamboLambo said:
I think the LT has to be tracked to be truly appreciated.
Please PM me when you book a track day and I'll come along.


Jules360

1,877 posts

147 months

Wednesday 22nd August 2018
quotequote all
_Leg_ said:
RamboLambo said:
I think the LT has to be tracked to be truly appreciated.
Please PM me when you book a track day and I'll come along.
rofl Me too, I'll fly over to see that