What,Can and Should Mclaren be Doing About Protecting Resale
Discussion
breadvan said:
With the lack of dealers and reliability / depreciation worries, buying any McLaren still makes you feel like an early adopter.
As you know, early adopters only make a small percentage of punters and they will soon be exhausted I’m afraid.
It’s time to grow up McLaren.
I looked at 12C's in 2011 and had a 2-day loan of one but the fit/finish put me off, when the 720s came out I had a test drive and such a fantastic looking car with LARGE discounts, however, fit/finish etc same again so I echo all of the above it's just not worth the hassleAs you know, early adopters only make a small percentage of punters and they will soon be exhausted I’m afraid.
It’s time to grow up McLaren.
Geoffrey 321 said:
I looked at 12C's in 2011 and had a 2-day loan of one but the fit/finish put me off, when the 720s came out I had a test drive and such a fantastic looking car with LARGE discounts, however, fit/finish etc same again so I echo all of the above it's just not worth the hassle
Fit and finish on my 650s spider is excellent. No rattles or squeaks either. The car feels much better put together than - say my V12 Vantage - or my son's Golf.The biggest issue for the 650s is that they made the 720....
Bispal said:
These are the main issues for me. McLaren's are cracking cars, I adored my 12C and will get another McLaren when there is some consideration of above points.
This is one of the concerns for me. It seems there have been quite a few people who've owned the cars and no longer do, and the story is generally : Fabulous car, BUT.......And there have also been quite a few posts about how hard it was to shift the car when they fell out of love, and what a relief it is when it went.
For a product which clearly has some very strong good points (my heart still says BUY ONE! every time I see a McLaren on the road!) - it's definitely something they need to address.
Where this thread has stayed on topic it is quite interesting to hear what others view as ways forward for the company. I think it is important to recognise the great strides that they have achieved in eight years with an introduction into the market of supercars, some innovative technology and amazing performance, plus of course, they are British! As an active owner I have my own views, but am keen to hear what others see as practical improvements for what is still a young company.
Do they need to improve things? Yes of course. Can they? Well only time will tell, but they are listening closely and have been surprised by some of the feedback they’ve received lately from UK owners. This dialogue is continuing and appears to be genuinely welcomed at the MTC, despite what some here and elsewhere may feel, they are acting in the background to make improvements in several areas of the business and that is starting to bear fruit. They are also engaging more with existing owners recognising that they are potentially their best customers and brand ambassadors. Still more work to do but things are happening.
Do they need to improve things? Yes of course. Can they? Well only time will tell, but they are listening closely and have been surprised by some of the feedback they’ve received lately from UK owners. This dialogue is continuing and appears to be genuinely welcomed at the MTC, despite what some here and elsewhere may feel, they are acting in the background to make improvements in several areas of the business and that is starting to bear fruit. They are also engaging more with existing owners recognising that they are potentially their best customers and brand ambassadors. Still more work to do but things are happening.
It isn’t just McLaren though who are finding it difficult to maintain residuals in the current climate .
Yesterday a friend went into a well known Porsche dealership to enquire about selling them back his GT3 RS which he had purchased from them at the end of 2018.
Car had only done 1,700 miles since he purchased , they offered him almost £50,000 less .
Porsche are dropping just as much but it is being kept as a better secret !!!!
Yesterday a friend went into a well known Porsche dealership to enquire about selling them back his GT3 RS which he had purchased from them at the end of 2018.
Car had only done 1,700 miles since he purchased , they offered him almost £50,000 less .
Porsche are dropping just as much but it is being kept as a better secret !!!!
Rocketreid said:
It isn’t just McLaren though who are finding it difficult to maintain residuals in the current climate .
Yesterday a friend went into a well known Porsche dealership to enquire about selling them back his GT3 RS which he had purchased from them at the end of 2018.
Car had only done 1,700 miles since he purchased , they offered him almost £50,000 less .
Porsche are dropping just as much but it is being kept as a better secret !!!!
Sorry, but that's not quite true.Yesterday a friend went into a well known Porsche dealership to enquire about selling them back his GT3 RS which he had purchased from them at the end of 2018.
Car had only done 1,700 miles since he purchased , they offered him almost £50,000 less .
Porsche are dropping just as much but it is being kept as a better secret !!!!
Currently - in the last 18 months to 2 years - perhaps. The market has slowed for everything except some very exclusive cars. But before that, prices of Porsche / Ferrari / Lambo etc. were very very strong, and McLarens were falling like a stone.
(ETA : I would expect a GT3RS to be one of the cars which was still holding value - I'm a bit surprised that it has really dropped £50k in 6 months. I'm quite sure he could get a better offer than that).
Edited by davek_964 on Tuesday 14th May 08:00
Rocketreid said:
It isn’t just McLaren though who are finding it difficult to maintain residuals in the current climate .
Yesterday a friend went into a well known Porsche dealership to enquire about selling them back his GT3 RS which he had purchased from them at the end of 2018.
Car had only done 1,700 miles since he purchased , they offered him almost £50,000 less .
Porsche are dropping just as much but it is being kept as a better secret !!!!
Ohhh watch all the Porsche fan boys come flooding in now................Yesterday a friend went into a well known Porsche dealership to enquire about selling them back his GT3 RS which he had purchased from them at the end of 2018.
Car had only done 1,700 miles since he purchased , they offered him almost £50,000 less .
Porsche are dropping just as much but it is being kept as a better secret !!!!
davek_964 said:
Bispal said:
These are the main issues for me. McLaren's are cracking cars, I adored my 12C and will get another McLaren when there is some consideration of above points.
This is one of the concerns for me. It seems there have been quite a few people who've owned the cars and no longer do, and the story is generally : Fabulous car, BUT.......And there have also been quite a few posts about how hard it was to shift the car when they fell out of love, and what a relief it is when it went.
For a product which clearly has some very strong good points (my heart still says BUY ONE! every time I see a McLaren on the road!) - it's definitely something they need to address.
Contrary to what people usually claim to have experienced I sold my 12C very easily for a decent price. It was actually not for sale and I had no intention of selling it. However I was approached by a prospective purchaser who had looked at a few 12C's and wasn't keen on the spec. He had heard of mine through the owners FB page and asked if he could have a look. My car was his dream spec and he made me an offer that was difficult to refuse and the deal was done, with quite a lot of regret!
That was exactly a year ago and selling the 12C allowed my to use some of my other cars more and buy some new ones I was interested in owing including, a Ferrari F355, Audi B7 RS4, Audi S5, Subaru Imprezza Classic, MX5 Mk1, Lotus Exige 350, Exige 430 Cup, Boxster 981 Spyder. All owned since I sold my 12C a year ago, scratching some itches. Most have already been sold but the 430 Cup, Spyder, S5 & MX5 remain. The 430 Cup and MX5 will never go, they are keepers. There are a few more I want to experience and then I will get back into a McLaren, 720S or 675LT.
I have heard McLaren are now listening to the owners group and responding. This fills me with confidence that my next purchase will be a longer term
When you are a petrol head its very difficult to stick to one brand, you constantly want to try others and I don't think the majority of owners selling McLarens means they don't like them and will never have another. Its just the nature of owning great cars, you wan't to experience as many as you can but you always gravitate back to the ones you enjoyed the most and that's why I will have another McLaren....
Rocketreid said:
It isn’t just McLaren though who are finding it difficult to maintain residuals in the current climate .
Yesterday a friend went into a well known Porsche dealership to enquire about selling them back his GT3 RS which he had purchased from them at the end of 2018.
Car had only done 1,700 miles since he purchased , they offered him almost £50,000 less .
Porsche are dropping just as much but it is being kept as a better secret !!!!
Are you crazy?Yesterday a friend went into a well known Porsche dealership to enquire about selling them back his GT3 RS which he had purchased from them at the end of 2018.
Car had only done 1,700 miles since he purchased , they offered him almost £50,000 less .
Porsche are dropping just as much but it is being kept as a better secret !!!!
Don't poke the hornets nest....all the Porsche fanboys that post how they 'will' have a McLaren but only when they sort out depreciation, faults, oversupply blah blah blah will have you....
Not really been on the Porsche forum...do non Porsche owners go on there and constantly criticise Porsche?
All seems a bit strange...maybe its like pulling the pigtails of the girl at school you fancied but never had the minerals to ask out...
Only going eight years is fine, but motivation is key.
When Lamborghini started, he did it to prove a point.
It was all done out of his own pocket.
He effectively used customers to do the last lot of testing on a car.
His motivation was not to “maximise shareholder value”.
Once you have ”investors” involved, everything pivots around one’s goal.
Ferrari and Lamborghini didn’t have that.
Doing something for love or money or spite - each is completely different.
When Lamborghini started, he did it to prove a point.
It was all done out of his own pocket.
He effectively used customers to do the last lot of testing on a car.
His motivation was not to “maximise shareholder value”.
Once you have ”investors” involved, everything pivots around one’s goal.
Ferrari and Lamborghini didn’t have that.
Doing something for love or money or spite - each is completely different.
355spiderguy said:
Are you crazy?
Don't poke the hornets nest....all the Porsche fanboys that post how they 'will' have a McLaren but only when they sort out depreciation, faults, oversupply blah blah blah will have you....
Not really been on the Porsche forum...do non Porsche owners go on there and constantly criticise Porsche?
All seems a bit strange...maybe its like pulling the pigtails of the girl at school you fancied but never had the minerals to ask out...
Thing is though, it is a reality.Don't poke the hornets nest....all the Porsche fanboys that post how they 'will' have a McLaren but only when they sort out depreciation, faults, oversupply blah blah blah will have you....
Not really been on the Porsche forum...do non Porsche owners go on there and constantly criticise Porsche?
All seems a bit strange...maybe its like pulling the pigtails of the girl at school you fancied but never had the minerals to ask out...
I could afford to buy a used McLaren. I don't believe I could afford to run one, and I would be very concerned about "liquidity" that some posters on this thread have mentioned.
I could afford a similar priced Ferrari, and I believe I could afford to run it.
I want a McLaren - far more than I want a similar Ferrari. But at the moment, it's very very unlikely I would risk buying one. The idea that only McLaren owners can comment on threads like this a tad odd - McLaren has problems with residuals partly because people like me won't buy them.
I am far from the only person in that position, and until McLaren find a solution depreciation will continue to be an issue. I think this thread has highlighted some of the key concerns - and if things do improve that can only be a good thing.
M838T said:
but they are listening closely and have been surprised by some of the feedback they’ve received lately from UK owners. This dialogue is continuing and appears to be genuinely welcomed at the MTC, despite what some here and elsewhere may feel, they are acting in the background to make improvements in several areas of the business and that is starting to bear fruit. They are also engaging more with existing owners recognising that they are potentially their best customers and brand ambassadors. Still more work to do but things are happening.
I've also got a Nigerian prince that has a couple of million dollars to hand out to you that you need to send some money through first to unlock funds if you believe that about Mclaren management........davek_964 said:
355spiderguy said:
Are you crazy?
Don't poke the hornets nest....all the Porsche fanboys that post how they 'will' have a McLaren but only when they sort out depreciation, faults, oversupply blah blah blah will have you....
Not really been on the Porsche forum...do non Porsche owners go on there and constantly criticise Porsche?
All seems a bit strange...maybe its like pulling the pigtails of the girl at school you fancied but never had the minerals to ask out...
Thing is though, it is a reality.Don't poke the hornets nest....all the Porsche fanboys that post how they 'will' have a McLaren but only when they sort out depreciation, faults, oversupply blah blah blah will have you....
Not really been on the Porsche forum...do non Porsche owners go on there and constantly criticise Porsche?
All seems a bit strange...maybe its like pulling the pigtails of the girl at school you fancied but never had the minerals to ask out...
I could afford to buy a used McLaren. I don't believe I could afford to run one, and I would be very concerned about "liquidity" that some posters on this thread have mentioned.
I could afford a similar priced Ferrari, and I believe I could afford to run it.
I want a McLaren - far more than I want a similar Ferrari. But at the moment, it's very very unlikely I would risk buying one. The idea that only McLaren owners can comment on threads like this a tad odd - McLaren has problems with residuals partly because people like me won't buy them.
I am far from the only person in that position, and until McLaren find a solution depreciation will continue to be an issue. I think this thread has highlighted some of the key concerns - and if things do improve that can only be a good thing.
a 991.2 GT3 is more affordable than a second hand 650
Porsche's higher residuals have opened up the market to people like me i guess
Rich people buy Mclarens and good luck to them - if i had more disposable income i'd buy one!!
isaldiri said:
I've also got a Nigerian prince that has a couple of million dollars to hand out to you that you need to send some money through first to unlock funds if you believe that about Mclaren management........
Not quite sure of the relevancy of the prince or money reference, however...Believe what exactly about McLaren management, that they are listening, making changes or neither?
davek_964 said:
355spiderguy said:
Are you crazy?
Don't poke the hornets nest....all the Porsche fanboys that post how they 'will' have a McLaren but only when they sort out depreciation, faults, oversupply blah blah blah will have you....
Not really been on the Porsche forum...do non Porsche owners go on there and constantly criticise Porsche?
All seems a bit strange...maybe its like pulling the pigtails of the girl at school you fancied but never had the minerals to ask out...
Thing is though, it is a reality.Don't poke the hornets nest....all the Porsche fanboys that post how they 'will' have a McLaren but only when they sort out depreciation, faults, oversupply blah blah blah will have you....
Not really been on the Porsche forum...do non Porsche owners go on there and constantly criticise Porsche?
All seems a bit strange...maybe its like pulling the pigtails of the girl at school you fancied but never had the minerals to ask out...
I could afford to buy a used McLaren. I don't believe I could afford to run one, and I would be very concerned about "liquidity" that some posters on this thread have mentioned.
I could afford a similar priced Ferrari, and I believe I could afford to run it.
I want a McLaren - far more than I want a similar Ferrari. But at the moment, it's very very unlikely I would risk buying one. The idea that only McLaren owners can comment on threads like this a tad odd - McLaren has problems with residuals partly because people like me won't buy them.
I am far from the only person in that position, and until McLaren find a solution depreciation will continue to be an issue. I think this thread has highlighted some of the key concerns - and if things do improve that can only be a good thing.
I hummed and hawwed about buying the 650 spider i have for ages...read post after post about depreciation, faults, impossible to sell and each post put me further back.
Then a good friend of mine 3 months after turning 40 had a massive stroke that they shall require full time care for the rest of their life....just devastating.
It was the lightbulb moment that life genuinely is too short for worrying about poxy stuff like not buying a car because of negatives...and lets be realistic..if you can afford to spunk 6 figures on a car, you can afford the costs that go with it.
Today, as the sun was blazing, i decided to sack off work and go out with the missus for a blast with the roof down...her first time driving and she loved it.
Back home for sunbathing in the garden and ice creams.
If you want one, just go for it. If not, be happy with what you have rather than the running costs of what you don't.
Make the most of life in the present...you have no idea what may happen to you tomorrow young grasshopper
Gassing Station | McLaren | Top of Page | What's New | My Stuff