New 540C vs. Used 570GT
Discussion
Wilmslowboy said:
Mclaren over the Porsche - much more drama 
When talking about PCP you said "plus there's no chance of negative equity with a GFV"
there is if you need to end the arrangement early, so be careful.
Some of those balloons look a bit tasty, £85k for a 570GT when it is 5+ years old (17 plate in 4 years time), I'd say with 32k miles, it will be lucky to be close to that value.
Ring up Mclaren and ask them what they would give YOU for a 17 plate 570GT and their bid would be £100-110k nowWhen talking about PCP you said "plus there's no chance of negative equity with a GFV"
there is if you need to end the arrangement early, so be careful.
Some of those balloons look a bit tasty, £85k for a 570GT when it is 5+ years old (17 plate in 4 years time), I'd say with 32k miles, it will be lucky to be close to that value.
Edited by Wilmslowboy on Saturday 20th October 09:16
In 4 years of values keep tanking you could take a bath on those non guaranteed future values especially if the mileage is high when it goes back
w44neg said:
Did you go to sell or for something else? If to sell, was it good or bad news?
Me? I had an email telling me the 600LT was in to view so i popped in as wanted to look at a wraith and killed 2 birds with one stoneFWIW 600LT feels special but hopelessly impractical for the road - I think I’d rather spend a few hours in the car at the weekend going shopping etc in a 10 year old mondeo than one
No doubt it will be amazing on track though
I do think it will be interesting to see where these 570s etc will level out
My completely unfounded opinion and thoughts are the 570 models will level out around £80k, and therefore the 540 models around £70k in two to three years. That would be trade levels though, hence me being so concerned about the non-guaranteed values.
There’s bound to be £10-12k or so room in each car on a forecourt, taking prep/warranty/profit in to account.
As I say, completely unfounded with nothing other than gut feeling; I’m more than happy to be wrong.
There’s bound to be £10-12k or so room in each car on a forecourt, taking prep/warranty/profit in to account.
As I say, completely unfounded with nothing other than gut feeling; I’m more than happy to be wrong.
jonah35 said:
These cars are in freefall
I have one and have been to manchester Mclaren today
I would go new with pcp and a gfv if finance companies still offer it on these
Oracle did financing via Alphera on these and they’re underwater and alphera are losing money on every finance deal they have done as they’re already worth less than their gfv one year into the 3 year deals they were doing
Buying new can cost less than used if you have a good GFV but the lenders now know they made a mistake so may not offer the same deals
absolutelyI have one and have been to manchester Mclaren today
I would go new with pcp and a gfv if finance companies still offer it on these
Oracle did financing via Alphera on these and they’re underwater and alphera are losing money on every finance deal they have done as they’re already worth less than their gfv one year into the 3 year deals they were doing
Buying new can cost less than used if you have a good GFV but the lenders now know they made a mistake so may not offer the same deals
one of my bank clients will simply no-longer finance anything from woking
I had a test drive in a 570GT a few months, wonderful thing very exotic and very quick ( I currently have a V12VS). I was happy to stick with the Vantage for the time being as although I really like what McLaren are doing on an engineering level ( carbon tub etc ) the ongoing servicing capacity issues and the high depreciation on new models is hard to ignore. I think if a 570GT can be had for sub 100k in a couple of yrs I’d be jumping in at that point as it’s defo an itch I’ll need to scratch...but buying a new one now is just a sure fire way to rinse a load of cash quickly.
RSbandit said:
I had a test drive in a 570GT a few months, wonderful thing very exotic and very quick ( I currently have a V12VS). I was happy to stick with the Vantage for the time being as although I really like what McLaren are doing on an engineering level ( carbon tub etc ) the ongoing servicing capacity issues and the high depreciation on new models is hard to ignore. I think if a 570GT can be had for sub 100k in a couple of yrs I’d be jumping in at that point as it’s defo an itch I’ll need to scratch...but buying a new one now is just a sure fire way to rinse a load of cash quickly.
I love the V12 Astons... the noise is hard to beat. If I could step up to a 458 I would, but they seem to be climbing, not falling!!
Interesting dilemma OP.
The above is an e mail I received from Wilmslow a few weeks ago re the Manchester McLaren previously referred at a substantial £ discount.
May look a bargain and great cars but....
Thing is, from my experience those cars heavily discounted when new will continue to depreciate heavily.
You mentioned a 4 year old 991.1 GT3.
Fantastic cars and good spec/mileage cars still retailing over otr list even at 5years old. Why? Because they are great cars and way more involving imo from a drivers perspective than some Mclarens. Normally aspirated engines too. As opposed to the forced induction of the Mclaren.
And great dealer backup with recent benefit of 10 year warranty from Porsche.
You need to drive both the McLaren and the GT3 and see which you prefer.
I would recommend you also look at a gen 2 GT3. The engine is on another level to the gen 1. Effectively the Cup car engine. With a sound to match. And the option of a 'manuel' gearbox if preferred. I have both, but prefer 'manuel'.
The gen 2s (only 350c UK cars) were up at £180ks but are have now bottomed to around £160k for a proper spec and mileage 1 year old 2k miles Clubsport. Otr list around £135k. Depreciation bomb proof which is a big plus of course.
Let us know how you get on!
w44neg said:
Thanks, really informative. I'm definitely in 911.1 GT3 territory if I can get the figures to work, but it would still be 10 levels above anything I've previously owned :-)
If you are on for a GT3 then I would recommend you check the previous threads as the later (2015 onwards) cars had engine valve train revisions as did the GT3 RS.If you get this far there is a list of the engine numbers for the later engines.
av185 said:
If you are on for a GT3 then I would recommend you check the previous threads as the later (2015 onwards) cars had engine valve train revisions as did the GT3 RS.
If you get this far there is a list of the engine numbers for the later engines.
Uh oh... are they back to IMS-type scenarios with certain models?If you get this far there is a list of the engine numbers for the later engines.
av185 said:
If you are on for a GT3 then I would recommend you check the previous threads as the later (2015 onwards) cars had engine valve train revisions as did the GT3 RS.
If you get this far there is a list of the engine numbers for the later engines.
Uh oh... are they back to IMS-type scenarios with certain models?If you get this far there is a list of the engine numbers for the later engines.
av185 said:
.......
The gen 2s (only 350c UK cars) were up at £180ks but are have now bottomed to around £160k for a proper spec and mileage 1 year old 2k miles Clubsport. Otr list around £135k. Depreciation bomb proof which is a big plus of course.
One just sold for £140k, according to this thread (top of page 37) and afew others formid £140s previous months...(manual cars higher)The gen 2s (only 350c UK cars) were up at £180ks but are have now bottomed to around £160k for a proper spec and mileage 1 year old 2k miles Clubsport. Otr list around £135k. Depreciation bomb proof which is a big plus of course.
https://www.pistonheads.com/gassing/topic.asp?h=0&...
Wilmslowboy said:
av185 said:
.......
The gen 2s (only 350c UK cars) were up at £180ks but are have now bottomed to around £160k for a proper spec and mileage 1 year old 2k miles Clubsport. Otr list around £135k. Depreciation bomb proof which is a big plus of course.
One just sold for £140k, according to this thread (top of page 37) and afew others formid £140s previous months...(manual cars higher)The gen 2s (only 350c UK cars) were up at £180ks but are have now bottomed to around £160k for a proper spec and mileage 1 year old 2k miles Clubsport. Otr list around £135k. Depreciation bomb proof which is a big plus of course.
https://www.pistonheads.com/gassing/topic.asp?h=0&...
WDISMYL said:
This just boggles my mind.
I guess the market is finally on its last legs if people are willing to burn depreciation on a new car rather than get a slightly used car because they can “afford” the higher relative monthly payments but not the risk of its final value.
Why not put aside the savings on the monthly payments gained by buying the used car relative to the new to protect against its future value?
When will people realise that affording a monthly amount and actually affording something are two very different concepts?
Good luck OP but my advice would be to wait until you can actually truly afford a Mclaren.
It boggles my mind that some people actually invest their hard earned cash into, usually, a severely depreciating asset! There’s an old adage that if it flys, floats or f**ks you rent it. I apply the same principle to very expensive super cars. I could pay cash for one but I don’t...I’d rather leave the cash invested thank you. I prefer to place a deposit and pay a monthly “rental” for a brand new car over 3 years. Why? Because I know the guaranteed value, I have no worries about if the bottom falls out if this market, I have a full 3 year manufacturers warranty, I can drive it without worrying what I’ll get for it when I part exchange it, I can change for the latest model every 3 years or earlier if the numbers work or at the end hand back the keys and rinse and repeat. I guess the market is finally on its last legs if people are willing to burn depreciation on a new car rather than get a slightly used car because they can “afford” the higher relative monthly payments but not the risk of its final value.
Why not put aside the savings on the monthly payments gained by buying the used car relative to the new to protect against its future value?
When will people realise that affording a monthly amount and actually affording something are two very different concepts?
Good luck OP but my advice would be to wait until you can actually truly afford a Mclaren.
Cost on say a 570S over three years is circa £60,000. If I had bought it I’d have taken that kind of depreciation/hit anyway plus no guarantee what I’d get for the car when I part ex or sell and my cash is still growing in the bank/investments.
Some will say ah but you don’t own it. Truth is I don’t give a monkeys what they think. The car is in my garage and I can drive it wherever and whenever I want. Who cares!
Some of the snobbery/looking down their nose at people who finance (read can’t actually afford) on here from those who have purchased their cars outright is cringeworthy.
Plus the above generally only works on new cars and even better if you can get a good discount. And it’s not a method for those who are looking for a “keeper” either.
Each to their own though
Nothing to do with snobbery.
You pay the APR.
Normally the finance company will make a good margin.
So what you are doing, as you say, is just insuring the value of your car in three years time.
Generally insurance companies make money.
So you lose.
A smart, experienced chap told me once never to insure a loss that I could afford.
(Obviously there is a legal requirement to insure driving the car.)
You pay the APR.
Normally the finance company will make a good margin.
So what you are doing, as you say, is just insuring the value of your car in three years time.
Generally insurance companies make money.
So you lose.
A smart, experienced chap told me once never to insure a loss that I could afford.
(Obviously there is a legal requirement to insure driving the car.)
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