720s Below 200K Already
Discussion
Your point is not valid. Halo cars did not even exist back then, they were simply niche models that were designed for those who valued the driving experience more than anything else, and therefore sold in lower numbers. The Diablo SV was cheaper than the regular model when I bought it, as it was stripped of the heavy luxuries and those savings were reflected in the cheaper price.
By your logic standard 993’s are not desirable now.....
Anyway, it’s not about looking for something to appreciate in value, no one has that crystal ball, just pointing out that basing a decision on 18 months of market trends for something that is about looking for driving pleasure, I have always been better off in the long run with focusing on the latter.
By your logic standard 993’s are not desirable now.....
Anyway, it’s not about looking for something to appreciate in value, no one has that crystal ball, just pointing out that basing a decision on 18 months of market trends for something that is about looking for driving pleasure, I have always been better off in the long run with focusing on the latter.
Gameface said:
You are being disingenuous with your comparisons.
GT2's, Scuderia's and CSL's are the special edition range toppers of the respective models and as such demand a premium.
The 720S is the standard model and therefore will not appreciate in the same manner.
I think you are wrong on this, the 993GT2 guy used this car as his example because as he remembers no one wanted a 993GT2 they were made for a small band of hardcore users it was the cooking 993 turbo which the majority of turbo Porsche fans were interested in but as he says back then everything depreciated, my £87K list 993 turbo was worth £50K a couple of years later.GT2's, Scuderia's and CSL's are the special edition range toppers of the respective models and as such demand a premium.
The 720S is the standard model and therefore will not appreciate in the same manner.
993 turbos are today being advertised at £135K so seem to have appreciated nicely. It is not beyond the realms of possibility that in 20 years time the 720S will be worth its original list price or more.... unlikely but if someone had told me my 993 turbo would be worth £135K on the day I was offered £50K I'm pretty sure I wouldn't have believed them.
Thorney said:
Its a crying shame that a car as fun as the 720 has dropped so much, has very little to do with the car itself and everything to do with external aspects.
Agreed. I really want to buy one but it just doesn't make any sense financially.Already taken a big hit on the 570S compared to similar value cars so i'll wait until they're really cheap.
Shame really as from a technical view, they should be £200k+ cars all day long.
hunter 66 said:
I agree , awesome car but a GT2RS is a £400 k car
The GT2 RS is not a £400k car. It's a £150k car wrapped up in a £400k investment bubble.What it does show is that McLaren has failed to ignite a similar 'halo' effect from it's flagship cars, Porsche are the current masters of this marketing technique (replacing Ferrari IMHO) where they launch cars nobody can actually buy, but that everybody wants. The biggest factor driving down the values of the 720s is that anybody who wants a 720s, can get one.
The Surveyor said:
The GT2 RS is not a £400k car. It's a £150k car wrapped up in a £400k investment bubble.
What it does show is that McLaren has failed to ignite a similar 'halo' effect from it's flagship cars, Porsche are the current masters of this marketing technique (replacing Ferrari IMHO) where they launch cars nobody can actually buy, but that everybody wants. The biggest factor driving down the values of the 720s is that anybody who wants a 720s, can get one.
Something is only worth what someone is prepared to pay. If they're selling for £400k, it's a £400k car regardless of the reason. If you can buy one for £150k, they're a £150k car.What it does show is that McLaren has failed to ignite a similar 'halo' effect from it's flagship cars, Porsche are the current masters of this marketing technique (replacing Ferrari IMHO) where they launch cars nobody can actually buy, but that everybody wants. The biggest factor driving down the values of the 720s is that anybody who wants a 720s, can get one.
Agree on the other point although Porsche and Ferrari have years of brand value, McLaren have been making performance cars for a relatively short time in comparison. Be interesting to see where McLaren are in 5, 10, 20 years time.
The Surveyor said:
hunter 66 said:
I agree , awesome car but a GT2RS is a £400 k car
The GT2 RS is not a £400k car. It's a £150k car wrapped up in a £400k investment bubble.A gen 2 GT3 is currently a £150k to £160k car. The current c£30k premium on new list price reflects a mix of restricted supply AND the ability of the car against it's peers and Porsche deliberately underpricing when new to create branding uplift to vanilla 911s. Clever stuff.
A W Pack GT2 RS was around £245k new. The current c£400k market values reflect the cars ability and relative rarity underpinned by the likelihood of no more UK cars.
av185 said:
The Surveyor said:
hunter 66 said:
I agree , awesome car but a GT2RS is a £400 k car
The GT2 RS is not a £400k car. It's a £150k car wrapped up in a £400k investment bubble.A gen 2 GT3 is currently a £150k to £160k car. The current c£30k premium on new list price reflects a mix of restricted supply AND the ability of the car against it's peers and Porsche deliberately underpricing when new to create branding uplift to vanilla 911s. Clever stuff.
A W Pack GT2 RS was around £245k new. The current c£400k market values reflect the cars ability and relative rarity underpinned by the likelihood of no more UK cars.
The manipulated price premiums and artificial supply restrictions by Porsche is indeed clever stuff, but if anything it puts me off the brand even more.
Mclarens big issue is size, a larger group could use its muscle to support second hand prices which in turn keeps retail prices high as well as brand support, Mclaren just dont have the cash or size for that so they pump out cars as fast as they can to keep paying the bills and if the secondary market isnt there then who cares.
Thorney said:
Mclarens big issue is size, a larger group could use its muscle to support second hand prices which in turn keeps retail prices high as well as brand support, Mclaren just dont have the cash or size for that so they pump out cars as fast as they can to keep paying the bills and if the secondary market isnt there then who cares.
That's such a short term game to play though.I know why they're doing it but pretty soon most of their cars will be circa £100k at a couple of years old and they'll never get the appreciation in value like some Lambos and Ferrari's.
Surely there will come a point in a few years that people just won't be willing to lose circa 50% of their money for a year or two's ownership no matter how competent the cars are.
I love most of their cars (bar the noise) but their business plan is fatally flawed for a long term business.
red_duke said:
The McLaren brand was launched on the back of their F1 success. That's been in the toilet for years now so that can't be helping?
For me, the 'unknown' is what helps with McLaren. The amount of people that have no idea about them or only know of the P1 is staggering.We've had loads of people ask if our 570S is a P1 just from looking at it.
Out of the 3 contenders,
Ferrari is the one people want because of being iconic etc
Lamborghini is for showing off and being brash
McLaren is the one people want to 'try'.
rich12 said:
That's such a short term game to play though.
I know why they're doing it but pretty soon most of their cars will be circa £100k at a couple of years old and they'll never get the appreciation in value like some Lambos and Ferrari's.
Surely there will come a point in a few years that people just won't be willing to lose circa 50% of their money for a year or two's ownership no matter how competent the cars are.
I love most of their cars (bar the noise) but their business plan is fatally flawed for a long term business.
Oh completely agree, I had a meeting with them once, when I noted that the secondary market had no real support (both in terms of dealers buying stock or limiting models hitting the streets) the Aftersales Director said 'second hand values have nothing to do with us' .I know why they're doing it but pretty soon most of their cars will be circa £100k at a couple of years old and they'll never get the appreciation in value like some Lambos and Ferrari's.
Surely there will come a point in a few years that people just won't be willing to lose circa 50% of their money for a year or two's ownership no matter how competent the cars are.
I love most of their cars (bar the noise) but their business plan is fatally flawed for a long term business.
Bottom line Mclaren shareholders want the company listed or sold and only way they think they can do that is to get to 6000 vehicles per year, nothing else matters.
rich12 said:
Thorney said:
Mclarens big issue is size, a larger group could use its muscle to support second hand prices which in turn keeps retail prices high as well as brand support, Mclaren just dont have the cash or size for that so they pump out cars as fast as they can to keep paying the bills and if the secondary market isnt there then who cares.
That's such a short term game to play though.I know why they're doing it but pretty soon most of their cars will be circa £100k at a couple of years old and they'll never get the appreciation in value like some Lambos and Ferrari's.
Surely there will come a point in a few years that people just won't be willing to lose circa 50% of their money for a year or two's ownership no matter how competent the cars are.
I love most of their cars (bar the noise) but their business plan is fatally flawed for a long term business.
McLaren are certainly not getting it right at the moment, but then neither are most of the other manufacturers in the high-value sectors.
If I was really trying to put a glass-half-full spin on the market, I'd say McLaren like many others have a much more stable long-term plan than any manufacturer who's business plan is reliant upon an investment market-led bubble.
The Surveyor said:
If you think McLaren is alone in playing a 'short term game' you clearly have never seen the depreciation on a Rolls Royce, an Aston Martin, an Audi R8, a Range Rover, a Maserati, etc.
Oh, I really have haha.DB11 is a complete disaster in terms of depreciation and anything beginning with Rolls Royce just makes me cry now.
The Surveyor said:
The GT2 RS was £207k plus £21k for the UK spec Weissach pack, so not quite £245k but admittedly well over the £150k and still well short of what some investors are paying which makes the GT2 a £225k car wrapped up in a £400k investment bubble. yes, people are prepared to pay £400k (and more) for a GT2, but that's because they hope to make a profit on it, not because they think it's a decent car.
Disagree. For the same reason as people paying £320k for a Speciale buy it because it's a fantastic package full stop. Nothing to do with investment.And anyone hoping to make profit paying £400k for a GT2 RS is deluded.
Gassing Station | McLaren | Top of Page | What's New | My Stuff