Fed up with the negativity
Discussion
The depreciation thing is an odd one.
It's one of the things that puts me off looking for an early 12C. Whilst I could afford to buy one, I couldn't afford crashing depreciation and I'm not convinced they have stopped going down. Whereas - if I bought a 458, I'd be much more confident of getting most of my money back. Even if the 12C makes a 458 feel like a Ford Mondeo, the difference in ownership costs is just too high (I'd also be happy to have a 458 without warranty, which I wouldn't with a 12C).
And yet - complaining that a £250k car lost £30-40k as soon as you drive it out of a showroom seems..... odd. I'd kind of expect that. I guess there are cars where if you buy new early in production you can flip for a profit / same price, but assuming that - particularly on a new immature brand - seems a bit naive.
It's one of the things that puts me off looking for an early 12C. Whilst I could afford to buy one, I couldn't afford crashing depreciation and I'm not convinced they have stopped going down. Whereas - if I bought a 458, I'd be much more confident of getting most of my money back. Even if the 12C makes a 458 feel like a Ford Mondeo, the difference in ownership costs is just too high (I'd also be happy to have a 458 without warranty, which I wouldn't with a 12C).
And yet - complaining that a £250k car lost £30-40k as soon as you drive it out of a showroom seems..... odd. I'd kind of expect that. I guess there are cars where if you buy new early in production you can flip for a profit / same price, but assuming that - particularly on a new immature brand - seems a bit naive.
davek_964 said:
The depreciation thing is an odd one.
And yet - complaining that a £250k car lost £30-40k as soon as you drive it out of a showroom seems..... odd. I'd kind of expect that. I guess there are cars where if you buy new early in production you can flip for a profit / same price, but assuming that - particularly on a new immature brand - seems a bit naive.
I had a look at a couple of vids of this lad guy's 720 related youtube stuff and when he gets "his" 720S he is barking on about how people told him to flip it but he is not going to because he wants it idrive etc yada yada bAnd yet - complaining that a £250k car lost £30-40k as soon as you drive it out of a showroom seems..... odd. I'd kind of expect that. I guess there are cars where if you buy new early in production you can flip for a profit / same price, but assuming that - particularly on a new immature brand - seems a bit naive.
ks...... he obviously thought he wasn't going to lose anything on it and that's why he now berates the brand, he's just young and inexperienced.I bought my Porsche 997GT2 new for about £140K and a year later it was worth about £80K that is the real market which we will return to at some point the current bubble is quite enduring but it's still a bubble.
davek_964 said:
The depreciation thing is an odd one.
It's one of the things that puts me off looking for an early 12C. Whilst I could afford to buy one, I couldn't afford crashing depreciation and I'm not convinced they have stopped going down. …….
I had a different perspective when buying my 570s, I've made profits on cars, I've lost money on cars, and one cost me just about nothing over 9 years (TVR!). I have a 'car-fund', money for fun cars and once that money is spent, that money is gone. It's not money for my retirement, it's not money for a roof over my head, it's not money for my kids to inherit, it's money to indulge a love for exciting cars.It's one of the things that puts me off looking for an early 12C. Whilst I could afford to buy one, I couldn't afford crashing depreciation and I'm not convinced they have stopped going down. …….
I buy the car that excites me the most within the budget I have, what the car 'may' be worth in the future is less of a concern than the joy I get from ownership.
My view is if you can afford to buy one, you really can afford the depreciation.
The Surveyor said:
I had a different perspective when buying my 570s, I've made profits on cars, I've lost money on cars, and one cost me just about nothing over 9 years (TVR!). I have a 'car-fund', money for fun cars and once that money is spent, that money is gone. It's not money for my retirement, it's not money for a roof over my head, it's not money for my kids to inherit, it's money to indulge a love for exciting cars.
I buy the car that excites me the most within the budget I have, what the car 'may' be worth in the future is less of a concern than the joy I get from ownership.
My view is if you can afford to buy one, you really can afford the depreciation.
Yep, I get what you say and generally my view on cars is that - once I've bought them, the money is gone and future value is not a concern. But for some reason, the numbers with the McLaren's scare me - I think it's because the running costs are quite high anyway (compared with my current cars), and knowing that in the background it's also dropping in value means it just feels 'expensive'.I buy the car that excites me the most within the budget I have, what the car 'may' be worth in the future is less of a concern than the joy I get from ownership.
My view is if you can afford to buy one, you really can afford the depreciation.
I suspect I'll own one one day though.
The Surveyor said:
I had a different perspective when buying my 570s, I've made profits on cars, I've lost money on cars, and one cost me just about nothing over 9 years (TVR!). I have a 'car-fund', money for fun cars and once that money is spent, that money is gone. It's not money for my retirement, it's not money for a roof over my head, it's not money for my kids to inherit, it's money to indulge a love for exciting cars.
I buy the car that excites me the most within the budget I have, what the car 'may' be worth in the future is less of a concern than the joy I get from ownership.
Very similar to how I approach buying cars. I buy the car that excites me the most within the budget I have, what the car 'may' be worth in the future is less of a concern than the joy I get from ownership.
I went for the 540C because it made me go 'wow' even in the dealership car park.
A lot of people said get a GT3, which granted would have been brilliant but just wasn't what I wanted. It's a bit odd I feel buying a car which you don't particularly want, just because it 'should' hold value.
The Surveyor said:
I had a different perspective when buying my 570s, I've made profits on cars, I've lost money on cars, and one cost me just about nothing over 9 years (TVR!). I have a 'car-fund', money for fun cars and once that money is spent, that money is gone. It's not money for my retirement, it's not money for a roof over my head, it's not money for my kids to inherit, it's money to indulge a love for exciting cars.
I buy the car that excites me the most within the budget I have, what the car 'may' be worth in the future is less of a concern than the joy I get from ownership.
My view is if you can afford to buy one, you really can afford the depreciation.
Amen to that ! I buy the car that excites me the most within the budget I have, what the car 'may' be worth in the future is less of a concern than the joy I get from ownership.
My view is if you can afford to buy one, you really can afford the depreciation.
I expect to lose 20K (maybe more as I use it) on my Gallardo but at the end of the day I will look back on ownership with a smile which is what it's all about really.
davek_964 said:
The depreciation thing is an odd one.
It's one of the things that puts me off looking for an early 12C. Whilst I could afford to buy one, I couldn't afford crashing depreciation and I'm not convinced they have stopped going down. Whereas - if I bought a 458, I'd be much more confident of getting most of my money back. Even if the 12C makes a 458 feel like a Ford Mondeo, the difference in ownership costs is just too high (I'd also be happy to have a 458 without warranty, which I wouldn't with a 12C).
And yet - complaining that a £250k car lost £30-40k as soon as you drive it out of a showroom seems..... odd. I'd kind of expect that. I guess there are cars where if you buy new early in production you can flip for a profit / same price, but assuming that - particularly on a new immature brand - seems a bit naive.
You will have 150k tied up in a 458 & you'll deffo lose the dealer/trader margin so expect to lose 20k straightaway. It's one of the things that puts me off looking for an early 12C. Whilst I could afford to buy one, I couldn't afford crashing depreciation and I'm not convinced they have stopped going down. Whereas - if I bought a 458, I'd be much more confident of getting most of my money back. Even if the 12C makes a 458 feel like a Ford Mondeo, the difference in ownership costs is just too high (I'd also be happy to have a 458 without warranty, which I wouldn't with a 12C).
And yet - complaining that a £250k car lost £30-40k as soon as you drive it out of a showroom seems..... odd. I'd kind of expect that. I guess there are cars where if you buy new early in production you can flip for a profit / same price, but assuming that - particularly on a new immature brand - seems a bit naive.
I actually think you'll lose less if you bought an early 12c & you'll only have 80k tied up!
ferdi p said:
You will have 150k tied up in a 458 & you'll deffo lose the dealer/trader margin so expect to lose 20k straightaway.
I actually think you'll lose less if you bought an early 12c & you'll only have 80k tied up!
That's some good man maths I actually think you'll lose less if you bought an early 12c & you'll only have 80k tied up!
Although if I did buy a 458 it wouldn't necessarily be from a dealer.
Spent some time at McLondon this afternoon. Very positive experience, nothing too much trouble and was shown in detail around 2 absolutely stunning 650’s, a coupe and a spider. Can’t believe how beautiful they are in the metal compared to the photos I’ve seen.
No time for a drive today but I far preferred the interior to that of the 570S plus a cold start (albeit in an underground garage with the roof down) helped allay any concerns I had around the V8 noise. Have driven the 570GT and was a bit underwhelmed from that perspective but then it’s the GT version after all.
Loving this journey towards McLaren ownership. Just seems a question over 570 or 650 Spider, which only a test drive can answer.
No time for a drive today but I far preferred the interior to that of the 570S plus a cold start (albeit in an underground garage with the roof down) helped allay any concerns I had around the V8 noise. Have driven the 570GT and was a bit underwhelmed from that perspective but then it’s the GT version after all.
Loving this journey towards McLaren ownership. Just seems a question over 570 or 650 Spider, which only a test drive can answer.
720S is a phenomenal machine. 3400mi in mine in the last 2 months.
No fuss other than front right parking sensor occasionally going off and the TPMS for the fronts going all weird for a few seconds every now and then. Car is booked in to be picked up by covered truck at McLaren's expense to be sorted while I'm away. Service has been perfectly fine thus far. Have a small crack in the windscreen but I'm not going to sort it as car is being tracked, and likely will get more.
As for depreciation, I bought mine with 1 owner @ 50mi on the clock. Yep, 50 only. Paid £230k for it. Car listed at £255k iirc. It's probably worth £200-210k now. £30k over 2-3 months of ownership is a tough pill to swallow, but hell, it's a damn fine car, I can afford the loss, and it's money set aside for fun stuff anyway. I suppose the depreciation curve will shallow out a little now and it won't be as much of a freefall, seeing as I have miles on the clock already. I don't really keep track, though, so bring on the miles!
No fuss other than front right parking sensor occasionally going off and the TPMS for the fronts going all weird for a few seconds every now and then. Car is booked in to be picked up by covered truck at McLaren's expense to be sorted while I'm away. Service has been perfectly fine thus far. Have a small crack in the windscreen but I'm not going to sort it as car is being tracked, and likely will get more.
As for depreciation, I bought mine with 1 owner @ 50mi on the clock. Yep, 50 only. Paid £230k for it. Car listed at £255k iirc. It's probably worth £200-210k now. £30k over 2-3 months of ownership is a tough pill to swallow, but hell, it's a damn fine car, I can afford the loss, and it's money set aside for fun stuff anyway. I suppose the depreciation curve will shallow out a little now and it won't be as much of a freefall, seeing as I have miles on the clock already. I don't really keep track, though, so bring on the miles!
I've done 6,000 miles in my 720s.
It is a incredibly capable and satisfying car to own. It was an utterly brilliant, fast and comfortable car to tour through Spain in and yet savagely fast and well balanced around Silverstone. It turns heads but always attracts a positive reaction.
Plenty loud enough for me - I don't want to advertise how quickly i might be travelling, i don't want to be on social media and don't want to scare the crap out of Joe Public if I overtake them.
I've had a few issues with the car which have been dealt with professionally under warranty. The last big software update has cured the error messages from appearing - well worth getting your dealer to do this if you haven't had it already?
I'm still a member of Autovivendi and love driving all of the other cars out there but as a driving and ownership experience for me, McLaren are head and shoulders above the competition right now.
It is a incredibly capable and satisfying car to own. It was an utterly brilliant, fast and comfortable car to tour through Spain in and yet savagely fast and well balanced around Silverstone. It turns heads but always attracts a positive reaction.
Plenty loud enough for me - I don't want to advertise how quickly i might be travelling, i don't want to be on social media and don't want to scare the crap out of Joe Public if I overtake them.
I've had a few issues with the car which have been dealt with professionally under warranty. The last big software update has cured the error messages from appearing - well worth getting your dealer to do this if you haven't had it already?
I'm still a member of Autovivendi and love driving all of the other cars out there but as a driving and ownership experience for me, McLaren are head and shoulders above the competition right now.
TGETV said:
AGAIN, the issue was it nearly stting £30-40k instantly
I'm sorry but you look a bit of a fool saying this. Looking at the price/depreciation history of McLarens this seems entirely in-line with expectations. I worked out when I bought mine for £178k (incl options) that if I drove down the road, turned around and took it back I'd lose the VAT plus a good few grand more, I was thinking I'd get £145k if I was lucky. So why couldn't you work this out?tting £30-40k instantlyTGETV said:
, and the thing not even opening or starting, air brake failing, infotainment intermittent, trim falling off, and a variety of other lights and errors. For a £250k brand new car.
Agree the car sounded like a bad one. Did the dealer fix these things? Happens sometimes, although I agree it shouldn't.TGETV said:
And as for that dick having a swipe that he buys his cars cash - well done to you. Makes you better than everyone instantly. Get it on your CV while you're at it.
Who said that? Can't see the post.RBT0 said:
Don't want to put more fuel on the fire and I am new to Macca.
What's the expected depretiation in the next 2 years on a 17MY 570S with list price over £170k and now with asking price £130k?
I know you don't have crystal ball, just asking based on experience.
The first year seems to be the steepest drop off, but there's almost certainly a new Sport Series in the pipeline for 2020 so that probably won't help residuals. Enjoy it, drive it, rest assured someone's going to get a bargain in years to come, but you're having the fun now. What's the expected depretiation in the next 2 years on a 17MY 570S with list price over £170k and now with asking price £130k?
I know you don't have crystal ball, just asking based on experience.
Edited by naboo on Sunday 30th September 17:45
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