720s Below 200K Already
Discussion
av185 said:
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.
I am pretty sure anyone in the UK who is paying £400K (for a 991GT2RS) is NOT thinking they were buying a £400K driving experience they are buying because they saw where the 993GT2 and the first GT2RS the 997 went and they think the 991 will do the same.And anyone hoping to make profit paying £400k for a GT2 RS is deluded.
How many 991GT2RSs are being driven properly and enjoyed, very few I'll bet,
Agree with your deluded comment but they did heavily restrict supply in the UK so their investment may pay off.
av185 said:
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.
rich12 said:
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.
TB993tt said:
I am pretty sure anyone in the UK who is paying £400K (for a 991GT2RS) is NOT thinking they were buying a £400K driving experience they are buying because they saw where the 993GT2 and the first GT2RS the 997 went and they think the 991 will do the same.
How many 991GT2RSs are being driven properly and enjoyed, very few I'll bet,
Agree with your deluded comment but they did heavily restrict supply in the UK so their investment may pay off.
The first cars were flipped for c£600k.How many 991GT2RSs are being driven properly and enjoyed, very few I'll bet,
Agree with your deluded comment but they did heavily restrict supply in the UK so their investment may pay off.
It would be a fool who thinks these cars will exceed this amount other than in the very long term.
And I speak as a forthcoming owner.
The Surveyor said:
if that was the case, why do they never drive them, why is their value so intrinsically linked to their mileage?
I know several GT2 RS owners who use them as dailies.The value is intrinsically linked to their mileage because that is the established market. Which cannot be changed.
In principle it is no different to a 1 year old £10k Ford Focus with 5k miles being worth c £800 more than the same car with 10k miles.
Would you pay more for a higher mileage car than an identical but lower mileage one?
Obviously not.
av185 said:
I know several GT2 RS owners who use them as dailies.
......
Would you pay more for a higher mileage car than an identical but lower mileage one?
Obviously not.
And I know somebody with one who's never driven it and who's mileage is still in the teens.......
Would you pay more for a higher mileage car than an identical but lower mileage one?
Obviously not.
Would you pay more for a car when a big slice of its value relies on you never driving it to keep the miles low?
Clearly some would!
The Surveyor said:
And I know somebody with one who's never driven it and who's mileage is still in the teens.
Would you pay more for a car when a big slice of its value relies on you never driving it to keep the miles low?
Good for them. Their car their choice!Would you pay more for a car when a big slice of its value relies on you never driving it to keep the miles low?
Most relatively 'expensive' cars fit into this category.
Unsurprisingly!
Matty3 said:
Give me a nudge when they do :
Below is the 1st response from when i originally opened this topic,the reply was don't hold your breath for these cars at 175k,well it happened and I too believe that 150k is the next stop,lets see!Monday 20th August 2018quotequote all
Some cars are priced to sell rather than sit unsold for years like those speculatively priced.
The cheapest has been the Tom Hartley car at £199k that sold IMMEDIATELY with several more buyers disappointed.
Anything will always sell at a price and there will always be the odd one off car that due to circumstances will be cheap. That in itself does not make it the norm. I know of a similar spec car that was bought for £225k by a mate of mine. He still saved circa £40k off list and was happy with the deal
An oddball launch 12 month old car with 5,000 miles could hit £175 k in the next 12 months possibly but there is still a lot of wishful thinking going on.
Its all relative and as you have rightly stated if these cars do come down they effect the whole supercar market equilibrium.
At £199k a 720S is a steal even if its not the most desirable spec but don't hold your breath for a nearly new delivery mileage car getting anywhere near £175k and £80k off list.
This cooling of the whole supercar market will recover and its only those that have to sell at a low point that will lose out. Others will just ride it out until prices recover so if you want to bag a bargain its all about timing and personally I think a bag full of swag in December 2018 will be a great time to deal.
Juno said:
Matty3 said:
Give me a nudge when they do :
Below is the 1st response from when i originally opened this topic,the reply was don't hold your breath for these cars at 175k,well it happened and I too believe that 150k is the next stop,lets see!Monday 20th August 2018quotequote all
Some cars are priced to sell rather than sit unsold for years like those speculatively priced.
The cheapest has been the Tom Hartley car at £199k that sold IMMEDIATELY with several more buyers disappointed.
Anything will always sell at a price and there will always be the odd one off car that due to circumstances will be cheap. That in itself does not make it the norm. I know of a similar spec car that was bought for £225k by a mate of mine. He still saved circa £40k off list and was happy with the deal
An oddball launch 12 month old car with 5,000 miles could hit £175 k in the next 12 months possibly but there is still a lot of wishful thinking going on.
Its all relative and as you have rightly stated if these cars do come down they effect the whole supercar market equilibrium.
At £199k a 720S is a steal even if its not the most desirable spec but don't hold your breath for a nearly new delivery mileage car getting anywhere near £175k and £80k off list.
This cooling of the whole supercar market will recover and its only those that have to sell at a low point that will lose out. Others will just ride it out until prices recover so if you want to bag a bargain its all about timing and personally I think a bag full of swag in December 2018 will be a great time to deal.
https://www.pistonheads.com/classifieds/used-cars/...
The Surveyor said:
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.
That wouldnt be an unfair statement were it not for the fact that Mclaren have no money, huge debt and largest shareholders want out, its being set up for a sale.Fckitdriveon said:
My question is.....given the markets down right now....certainly where 720s are concerned ....can you daily drive one of these 6-7k for a year and not lose half your money??
Sorely tempted .
If you're buying used at the lower end (£160k's) then yes. Sorely tempted .
Buy new and you're going to lose 40% even doing 1,000miles.
Juno said:
The example here looks like an OK spec with just 1000 miles at £172k it verifies the thoughts from August 2018
https://www.pistonheads.com/classifieds/used-cars/...
Yep they probably paid 150-155k for the car, reckon they'd sell it at 165k as I think most specialist with Mclarens in stock are shttps://www.pistonheads.com/classifieds/used-cars/...
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