650s CoupΓ©

650s CoupΓ©

Author
Discussion

RSbandit

677 posts

76 months

Saturday 10th August
quotequote all
The black one is way overpriced simple as...the Grey one looks like alot of car for the money

GT4RS

Original Poster:

1,791 posts

141 months

Wednesday 14th August
quotequote all
Interesting it’s now listed in the 650s spider section and even labelled as a spider in the advert header but then goes to say it’s a coupe in the description!

I guess the new independent trying to sell it this time around feels if they mix it up with the more expensive spider cars it doesn’t look so pricey!

All very odd.

https://www.pistonheads.com/classifieds/used-cars/...

PS2018

180 posts

17 months

Wednesday 14th August
quotequote all
the grey Sytner 4k mile 2016 plate 650s on the advert link from @GT4RS which would have been >£200k is now £99k? that's not the only example either. Wowzers. lovely looking car, i had no idea these things dropped quite that fast.

Shaoxter

3,353 posts

68 months

Wednesday 14th August
quotequote all
PS2018 said:
the grey Sytner 4k mile 2016 plate 650s on the advert link from @GT4RS which would have been >£200k is now £99k? that's not the only example either. Wowzers. lovely looking car, i had no idea these things dropped quite that fast.
Is it really that fast? Or just a normal depreciation curve for a 3 year old mass produced car...

davek_964

5,780 posts

119 months

Wednesday 14th August
quotequote all
Shaoxter said:
PS2018 said:
the grey Sytner 4k mile 2016 plate 650s on the advert link from @GT4RS which would have been >£200k is now £99k? that's not the only example either. Wowzers. lovely looking car, i had no idea these things dropped quite that fast.
Is it really that fast? Or just a normal depreciation curve for a 3 year old mass produced car...
The problem McLaren have, is that the depreciation may be "normal" for a new car - in fact, it might even be better than normal for mass produced cars (4-5 year old 650 Spiders are still listed at > 50% of the price they would have cost with options) - but they were suffering that when their competitors (Lambo, Ferrari etc.) were in a virtually depreciation proof bubble. They might be coming out of that bubble now, but whether that means they'll now be depreciating at the same rate as McLarens is questionable.

DT398

1,579 posts

92 months

Wednesday 14th August
quotequote all
Shaoxter said:
Is it really that fast? Or just a normal depreciation curve for a 3 year old mass produced car...
Well, that’s the problem in a nutshell. “Mass production” and a £200k plus list price don’t go together and are not sustainable. Too many cars and not enough buyers to support anywhere near that level, hence they are half that now and still falling.

Irrespective of the % depreciation over x years, the number of people with £100k to chuck at a weekend toy is very limited. Put finance on it and it could get ugly quite quickly if you need to sell.


Edited by DT398 on Wednesday 14th August 12:54


Edited by DT398 on Wednesday 14th August 12:54

Rocketreid

102 posts

16 months

Wednesday 14th August
quotequote all
DT398 said:
Well, that’s the problem in a nutshell. “Mass production” and a £200k plus list price don’t go together and are not sustainable. Too many cars and not enough buyers to support anywhere near that level, hence they are half that now and still falling.

Irrespective of the % depreciation over x years, the number of people with £100k to chuck at a weekend toy is very limited. Put finance on it and it could get ugly quite quickly if you need to sell.


Edited by DT398 on Wednesday 14th August 12:54


Edited by DT398 on Wednesday 14th August 12:54

I would hardly call 5,000 cars a year for the total range mass produced ,

Porsche produce far more GT cars than that and I would not call that mass production

Matty3

243 posts

28 months

Wednesday 14th August
quotequote all
DT398 said:
Shaoxter said:
Is it really that fast? Or just a normal depreciation curve for a 3 year old mass produced car...
Well, that’s the problem in a nutshell. “Mass production” and a £200k plus list price don’t go together and are not sustainable. Too many cars and not enough buyers to support anywhere near that level, hence they are half that now and still falling.

Irrespective of the % depreciation over x years, the number of people with £100k to chuck at a weekend toy is very limited. Put finance on it and it could get ugly quite quickly if you need to sell.


Edited by DT398 on Wednesday 14th August 12:54


Edited by DT398 on Wednesday 14th August 12:54
Never ever had a car on finance - be interested to know how many top end cars are actually on finance - prob more than I imagine...

Superleg48

691 posts

77 months

Wednesday 14th August
quotequote all
Matty3 said:
Never ever had a car on finance - be interested to know how many top end cars are actually on finance - prob more than I imagine...


I would imagine the majority, i.e. more than 50%.

DT398

1,579 posts

92 months

Thursday
quotequote all
Rocketreid said:

I would hardly call 5,000 cars a year for the total range mass produced ,

Porsche produce far more GT cars than that and I would not call that mass production
I didn’t call them mass produced, another poster did. Anyhow, whatever you call it, they’ve made too many for the demand out there.

PS2018

180 posts

17 months

Thursday
quotequote all
i guess what stunned me was that >£200k to <£100k in 3 years and 4k miles, car looks great but even by my sketchy maths in this example that is £25 per mile depreciation before any other running costs are discussed. there has to be a finite number of repeat customers for that? if one was to give this a whirl at 100k today what do we think its worth in 3 more years with a total of 10k miles? £60k?

davek_964

5,780 posts

119 months

Thursday
quotequote all
Predicting depreciation is pretty much impossible, especially in the current climate.

I'm looking at it this way : depreciation means I can buy a car that frankly should be out of reach. What happens after that - who cares!

andrew

8,768 posts

136 months

Thursday
quotequote all
Superleg48 said:
Matty3 said:
Never ever had a car on finance - be interested to know how many top end cars are actually on finance - prob more than I imagine...


I would imagine the majority, i.e. more than 50%.
91%

davek_964

5,780 posts

119 months

Thursday
quotequote all
andrew said:
Superleg48 said:
Matty3 said:
Never ever had a car on finance - be interested to know how many top end cars are actually on finance - prob more than I imagine...


I would imagine the majority, i.e. more than 50%.
91%
Now I wish I'd put a 720 on finance rather than settling for a 650! wink

MDL111

3,666 posts

121 months

Thursday
quotequote all
I think the majority - one reason is to keep the cars owned by a company as opposed to privately, so the VAT claim stays transferable - or at least that is what my dealer said, when I told him I will own the car privately

Matty3

243 posts

28 months

Thursday
quotequote all
andrew said:
Superleg48 said:
Matty3 said:
Never ever had a car on finance - be interested to know how many top end cars are actually on finance - prob more than I imagine...


I would imagine the majority, i.e. more than 50%.
91%
Wow - I am really amazed that the figure is so high.

andrew

8,768 posts

136 months

Thursday
quotequote all
Matty3 said:
andrew said:
Superleg48 said:
Matty3 said:
Never ever had a car on finance - be interested to know how many top end cars are actually on finance - prob more than I imagine...


I would imagine the majority, i.e. more than 50%.
91%
Wow - I am really amazed that the figure is so high.
anecdotally, the figure may be a little higher for top-end stuff

https://www.fla.org.uk/media/facts-and-figures/

Matty3

243 posts

28 months

Thursday
quotequote all
andrew said:
anecdotally, the figure may be a little higher for top-end stuff

https://www.fla.org.uk/media/facts-and-figures/
Thanks for the link - really interesting data there - and I thought that everyone with a topend sportscar was rather well heeled smile - but maybe they are and invest their money more wisely rather than paying cash? - perhaps going to have to rethink my pop's maxim - ' if you can't pay cash for it lad- you can't afford it' laugh:

GT4RS

Original Poster:

1,791 posts

141 months

Thursday
quotequote all
PS2018 said:
i guess what stunned me was that >£200k to <£100k in 3 years and 4k miles, car looks great but even by my sketchy maths in this example that is £25 per mile depreciation before any other running costs are discussed. there has to be a finite number of repeat customers for that? if one was to give this a whirl at 100k today what do we think its worth in 3 more years with a total of 10k miles? £60k?
I wouldn’t shock me if cars like this will end up being around 60k in 3 years time based on what you mentioned above. I’m not sure how true the comments are but apparently most independents would only be willing to SOR a car like this unless they buy it at a low ball price to protect themselves massively.

Would it be fair to say, I would imagine a car like this would be loosing at least £1000 and month for some time?

Lets not forget nice 430 spiders bottomed out in the 50k bracket a little while ago, so I guess 60k is very possible once this car is 6 years old.

At that point in time I guess we may then see nice 720s for around 100 to 110k as Mclaren will have a new kiddy in the block to fill the higher gap.

Imo a nice spec 650s still looks a great super car buy at the moment for 100k, you can easily loose 30k on a Porsche Cayenne over 3 years

GT4RS

Original Poster:

1,791 posts

141 months

Thursday
quotequote all
RSbandit said:
The black one is way overpriced simple as...the Grey one looks like alot of car for the money
After looking at the others for sale I would have to agree with you.