720s Below 200K Already
Discussion
ferdi p said:
You can't...
You can only join once you've sent a copy of your V5c to them...
...and met a mysterious stranger beneath the clock at Waterloo Station carrying a copy of the Daily Telegraph.You can only join once you've sent a copy of your V5c to them...
The one place a potential owner really needs access to is closed until he buys one!
I can hear the ghost of Joseph Heller chuckling.
mcl570 said:
My Guess is that it is a completely standard 720S? Bearing in mind they were advertising a completely standard one a few months back? Which if that is the case, 189k seems reasonable for a car that would've been 208k?
This was the car they were advertising 6 months ago, I have a strong feeling it is the same car, now back in stock , as the owner has upgraded.These are screen grabs from the email I was sent on the 23rd of March.
The buying spree was fuelled by pcp and therefore big growth in supercar sales for sure is going to fall back. Now owners that have run a 570s at say a purchase price of 160k maybe 170k and these same 1 yr old cars are now trading at 120k with 6000 miles. How many people that bought on pcp that thought they would lose 10-15k max in order to have 12 months of fun ?! Now threatened with losing 40k+ for one year ownership, I imagine many will see this as an expensive 12 months learning experience and will not be buying another supercar for many years.
Lots of people jumped in to buy the latest greatest thinking they could get in and run for pocket change and exit after a few months of fun are now realising that 160k is a lot of cash for a 2nd hand car and the finance crazed market is slowing. It is inevitable... so yes I do see everything under 3-5 yes old dropping in price.
Lots of people jumped in to buy the latest greatest thinking they could get in and run for pocket change and exit after a few months of fun are now realising that 160k is a lot of cash for a 2nd hand car and the finance crazed market is slowing. It is inevitable... so yes I do see everything under 3-5 yes old dropping in price.
£40k dealer contribution (discount)....nearly 25%.....on 570GT
£124k final payment on 720S after 24 months...
Rather scary that...!
When you see the reviews of the 720S it just seems so odd that they're dropping value so quickly given the praise.
Was looking at the 570GT 6 months ago, didn't go for it in the end....that would have been an expensive summer!
£124k final payment on 720S after 24 months...
Rather scary that...!
When you see the reviews of the 720S it just seems so odd that they're dropping value so quickly given the praise.
Was looking at the 570GT 6 months ago, didn't go for it in the end....that would have been an expensive summer!
There really are a lot of 720s for sale on PH right now (as well as a lot of other marques), but most have been stuck not moving for months, is this because they are all problematic, or is it because people have bought them hoping for a cheap summer drive (and it hasn't turned out that way) or is it because people have been forced to buy them either to get on the list for a Senna or a potential 750LT? I suspect a mixture of all of the above, but the trouble is, as a potential buyer, trying to understand which are the problematic ones. I'm less bothered about depreciation if I'm going to keep the car for a while, but don't want a car with problems only to take a big hit to change out of it, so perhaps the later build date the better, as Mclaren must be sorting out these issues. I notice Rybrook have two (presumably registered but) new 68 reg cars - if one can get a dealer deposit of 40k on those then that's a new reasonable spec 720 for £200k, so why would any of the currently listed low mileage cars over £200k be of any interest.
Charlie360 said:
. I notice Rybrook have two (presumably registered but) new 68 reg cars - if one can get a dealer deposit of 40k on those then that's a new reasonable spec 720 for £200k, so why would any of the currently listed low mileage cars over £200k be of any interest.
Same story across most manufacturers where nearly new is often more expensive than new.The 720 is overpriced imo and this together with oversupply in a falling market heading towards winter is fuelling massive discounts which will only increase.
Charlie360 said:
There really are a lot of 720s for sale on PH right now (as well as a lot of other marques), but most have been stuck not moving for months, is this because they are all problematic, or is it because people have bought them hoping for a cheap summer drive (and it hasn't turned out that way) or is it because people have been forced to buy them either to get on the list for a Senna or a potential 750LT? I suspect a mixture of all of the above, but the trouble is, as a potential buyer, trying to understand which are the problematic ones. I'm less bothered about depreciation if I'm going to keep the car for a while, but don't want a car with problems only to take a big hit to change out of it, so perhaps the later build date the better, as Mclaren must be sorting out these issues. I notice Rybrook have two (presumably registered but) new 68 reg cars - if one can get a dealer deposit of 40k on those then that's a new reasonable spec 720 for £200k, so why would any of the currently listed low mileage cars over £200k be of any interest.
The issue surely is the endless supply of new cars from multiple manufacturers.There just aren’t that many people who want secondhand supercars at those prices.
So the price falls.
Gassing Station | McLaren | Top of Page | What's New | My Stuff