720s Below 200K Already

[tyrrell]

Don't get me wrong it went for a good price, though the spec was billy basic and would have listed originally at £208k new before extras as its a non sport and non comfort model.

[br d]

"Billy basic"!

I hoped for a little more when I sold mine but seeing how the prices are going now I'm very glad it went out the door before the weather got colder.

[barchetta_boy]

The market is a bloodbath. I have just got out of my 2013 12C Spider (11k miles, black, great spec) for £95k, having paid £140k 2 years ago. I snapped their hand off as nearest trade bid was 80k. Hated to do it and damn near the point where you just keep the car and enjoy, but seeing £5k/month come off is not nice, and with the lack of indy dealer support I can't see lower-end / older Macs picking up any time soon.

Now looking forward to the last of the line 991.2 GTSs.

[rich12]

barchetta_boy said:

The market is a bloodbath. I have just got out of my 2013 12C Spider (11k miles, black, great spec) for £95k, having paid £140k 2 years ago. I snapped their hand off as nearest trade bid was 80k. Hated to do it and damn near the point where you just keep the car and enjoy, but seeing £5k/month come off is not nice, and with the lack of indy dealer support I can't see lower-end / older Macs picking up any time soon.

Now looking forward to the last of the line 991.2 GTSs.

Why is their such a lack of McLaren specialists? (If any)
Is it something to do with tooling and diag equipment?

[cayman-black]

WCZ said:

that's an insane price, lucky buyer!

Bloody hell , great price. How low can these go?

[Nijius Maximus]

w11dys said:

He took an LT and 720 both in Px for a Senna so who knows what deal and margin was done.....at end of day both LT and 720 sold in a day so were priced to convert straight back to ££ and will have made good money on the Senna for sure.

This.

tyrrell said:

Don't get me wrong it went for a good price, though the spec was billy basic and would have listed originally at £208k new before extras as its a non sport and non comfort model.

And this.

This is not a normal situation: the profit was in the Senna - this was literally changing two PX cars for cash. And it was low spec and December to boot.

They've stopped making 720S Coupes now anyway and are only gonna start up again for the Spiders. I can't wait to see it very soon and start speccing mine up..... . But I also know most current owners aren't gonna just go out and start buying Spiders. A lot of people will keep their cars - especially if they specced it themselves and it wasn't a Launch Edition - for when the LT version comes out.

I'm impatient though...

Edited by Nijius Maximus on Tuesday 4th December 15:20

[Nijius Maximus]

rich12 said:

Why is their such a lack of McLaren specialists? (If any)
Is it something to do with tooling and diag equipment?

100% correct. McLaren don't allow / charge insane licensing prices for third party access to their diagnostic equipment. One thing they SERIOUSLY need to change their policy on as would make massive difference to the older cars...

[rich12]

Nijius Maximus said:

100% correct. McLaren don't allow / charge insane licensing prices for third party access to their diagnostic equipment. One thing they SERIOUSLY need to change their policy on as would make massive difference to the older cars...

I completely agree. Part of the benefit of buying older cars is having the freedom to take them to specialists rather than main dealers.

If you're forced to take your 9 year old £70k MP4 (example) to a main dealer, that is going to have a huge impact on peoples decisions to buy one.

[anonymous-user]

rich12 said:

Nijius Maximus said:

100% correct. McLaren don't allow / charge insane licensing prices for third party access to their diagnostic equipment. One thing they SERIOUSLY need to change their policy on as would make massive difference to the older cars...

I completely agree. Part of the benefit of buying older cars is having the freedom to take them to specialists rather than main dealers.

If you're forced to take your 9 year old £70k MP4 (example) to a main dealer, that is going to have a huge impact on peoples decisions to buy one.

Yep! However tempting a 12C might be (or a older 650) the lack of Indis will put many people off and subsequently results in a lack of support for used prices.

[rich12]

So McLaren don't want to buy cars back and they won't let anyone else work on their cars? What a great company.

I love the cars and we have thought about buying a 720S but after the dealers didn't give a crap about my current 570S, that's not going to happen.
Shame really.

[isaldiri]

garyhun said:

Yep! However tempting a 12C might be (or a older 650) the lack of Indis will put many people off and subsequently results in a lack of support for used prices.

But there are independents around like Thorney. Mclaren are (stupidly from what I have heard) trying to be playing hard to get wrt to diagnostics but the idea that independents will spring up and provide a panacea for the older cars is just incomprehensible. The numbers of older cars involved along with the % of owners who would actually go the independent route isn't really enough to support a major change of circumstances. Add to the fact Mclaren HQ can't even seem to at times produce parts in a timely basis for their official dealers for the older cars, how do you think a bunch of random independents (assuming they even appear) are going to fare?

[WCZ]

barchetta_boy said:

The market is a bloodbath. I have just got out of my 2013 12C Spider (11k miles, black, great spec) for £95k, having paid £140k 2 years ago. I snapped their hand off as nearest trade bid was 80k. Hated to do it and damn near the point where you just keep the car and enjoy, but seeing £5k/month come off is not nice.

absolutely fair enough, someone earning £100k a year will have a takehome pay of around £5k

working on a big wage just to pay for the depreciation of a car is a tough thing to justify imo

and before anyone says "no one owns this kind of car who is on such a 'small' salary" - that's not true either, plenty do!

Edited by WCZ on Wednesday 5th December 12:13

[Gameface]

WCZ said:

Someone earning £100k a month will have a takehome pay of around £5k

Huh?

[johnnyreggae]

barchetta_boy said:

I have just got out of my 2013 12C Spider (11k miles, black, great spec) for £95k, having paid £140k 2 years ago. £5k/month

Huh ?

Don't cars traditionally depreciate by about 50 % over three years, the more you spend the more you lose

[h4rvs87]

Gameface said:

Huh?

I think they mean someone earning £100k per year will take home approx £5k per month.

[anonymous-user]

johnnyreggae said:

barchetta_boy said:

I have just got out of my 2013 12C Spider (11k miles, black, great spec) for £95k, having paid £140k 2 years ago. £5k/month

Huh ?

Don't cars traditionally depreciate by about 50 % over three years, the more you spend the more you lose

Surely £45k over 24 months is around £2k per month?

[MDL111]

rich12 said:

Nijius Maximus said:

100% correct. McLaren don't allow / charge insane licensing prices for third party access to their diagnostic equipment. One thing they SERIOUSLY need to change their policy on as would make massive difference to the older cars...

I completely agree. Part of the benefit of buying older cars is having the freedom to take them to specialists rather than main dealers.

If you're forced to take your 9 year old £70k MP4 (example) to a main dealer, that is going to have a huge impact on peoples decisions to buy one.

as I pointed out somewhere (probably another thread), that is a UK issue and not as prevalent in other markets (ie in Germany modernish cars (in Ferrari speak think 360 and up) go to the main dealer anyway).

[av185]

johnnyreggae said:

barchetta_boy said:

I have just got out of my 2013 12C Spider (11k miles, black, great spec) for £95k, having paid £140k 2 years ago. £5k/month

Huh ?

Don't cars traditionally depreciate by about 50 % over three years, the more you spend the more you lose

Rather depends on the car.

[RSbandit]

the 650S has dumped hard in the last yr with several cars for sale around £120k mark which is about 30k lower on avg in 12 months...huge amount of car for the cash of course most of these are just out of warranty. 12c quite a few up around £90k mark, is this where the 650 will be in 2 yrs? Those are the asking prices too so prob at least 5k more to be had off those if you find the right seller. 720S could well be approaching 150k in 12 months. Personally I’d be happy to take the risk on a 650S at 100k but will have to wait some more !

[jimmyslr]

av185 said:

johnnyreggae said:

barchetta_boy said:

I have just got out of my 2013 12C Spider (11k miles, black, great spec) for £95k, having paid £140k 2 years ago. £5k/month

Huh ?

Don't cars traditionally depreciate by about 50 % over three years, the more you spend the more you lose

Rather depends on the car.

I think that the answer to his question is “generally, yes”. Cars do depreciate unless there is some very odd supply/demand dynamic going on, awesome PR and product management and/or minimal yield from other assets. Anyone seen those characteristics lately?

Until a few years ago that was the norm. For almost every car it still is the norm and pretty soon I suspect there will be even fewer bucking that trend. For the average PHer hoping to own some of these cars that will be no bad thing.