Mclaren depreciation

[carspath]

Thanks Lotusjas..... that,s valuable info re reliability and dealership .

[bordseye]

GRD 8 said:

Yes i agree. Its the same with many manufacturers, just the current climate.
The up side is that once the value of the cars have fallen they gain interest from a wider audience and may then stabilise if demand increases in the lower price bracket. Great cars for the money, in fact great cars period.
It will be interesting to see once the early 12c models become older than ten years and no more extended warranty whether the indies will develop into the Mclaren repair market. I believe this will also help the early car prices to stabilise.

Will they gain a wider audience? When I was searching the toy car market before buying my current Fezza, I spoke to many second hand dealers and every one of them told the same story of taking a bath on a McLaren they had bought in. The problem was the difficulty of selling second hand at the bottom of the market ( ie under £100k) because people at that price bracket didnt expect to end up with £5k annual service and guarantee costs. The core problem is the absence of independant McLaren service centres leaving owners dependant on the main dealers.

Has that changed in the last year since I was looking?

[anonymous-user]

bordseye said:

Will they gain a wider audience? When I was searching the toy car market before buying my current Fezza, I spoke to many second hand dealers and every one of them told the same story of taking a bath on a McLaren they had bought in. The problem was the difficulty of selling second hand at the bottom of the market ( ie under £100k) because people at that price bracket didnt expect to end up with £5k annual service and guarantee costs. The core problem is the absence of independant McLaren service centres leaving owners dependant on the main dealers.

Has that changed in the last year since I was looking?

I thought the used McLaren market was quite buoyant. The FB Groups have a lot of new owners joining.

Bell & Colville, Thorney Motorsport and Litchfields provide McLaren servicing. The recent announcement by Litchfields for servicing now covers the West. Hopefully someone will open up in the North.

[davek_964]

B&C are not an independent.

[Buster73]

davek_964 said:

B&C are not an independent.

Not a Mac dealership though ?

[davek_964]

Buster73 said:

davek_964 said:

B&C are not an independent.

Not a Mac dealership though ?

No - they don't sell McLaren's, at least not yet. But they are an official service centre.

In reality, even Ascot now service cars at a different location than sales.

[anonymous-user]

davek_964 said:

B&C are not an independent.

I’d be pleased if McLaren would support an approved servicing network independent of main dealers, even if the servicing network followed a similar pricing list to the dealers. The issue is geography rather than pricing. Macs are reasonable to service at approx £1K - £1.5K PA.

[anonymous-user]

davek_964 said:

In reality, even Ascot now service cars at a different location than sales.

Same with McBrum

[650spider]

bordseye said:

Will they gain a wider audience? When I was searching the toy car market before buying my current Fezza, I spoke to many second hand dealers and every one of them told the same story of taking a bath on a McLaren they had bought in. The problem was the difficulty of selling second hand at the bottom of the market ( ie under £100k) because people at that price bracket didnt expect to end up with £5k annual service and guarantee costs. The core problem is the absence of independant McLaren service centres leaving owners dependant on the main dealers.

Has that changed in the last year since I was looking?

Coming from 15yrs of Ferrari ownership prior to Mclaren, if someone buying a Ferrari, Lambo etc thinks they shall have around £1000 a year servicing and maintance, they are in for a surprise.

Going by me experience, if you determined the 'mean' figure spent over an average of 3 years of ownership, it would be circa £2.5-3k, and that was without a warranty cost.

You only find how limited the Ferrari warranty is when you go to make a claim.

I don't think anyone goes into McLaren ownership not expecting to pay for a warranty and servicing; it is part of the parcel of supercar ownership.

If owners of supercars just do the very basic of maintenance to save on costs, they are kicking the can down the road for themselves or as a wee surprise for the next owner on their first service.

Regards to a wider audience; for what you can pick up a proper bona fida supercar in a McLaren, after being there and buying the t-shirt, I personally would not be considering the comparative priced offerings from Ferrari, Porsche or Lambo; it would be a serious step backwards.

Not being a McLaren fanboi or whatever that is, just an opinion based on my personal experience.

[macdeb]

^^^^ Cool. I hope to be in one someday. Fezza's, Porsche, Lambo's at same price point don't do much for me.

[wavering]

I bought a brand new MP4 - 12C back in September 2012 and it was unreliable from the start

Then in Spain it totally died in a restaurant car park. We could not get into it and nor could it be moved (too low). A guy slept in his car next to it all night and next day the recovery people dismantled it while on the phone to Mclaren until there was a big pile of bits all over the floor. Then they reset something and it magically woke up.

If that had happened on a main road or motorway we would probably be dead

I sued the dealer and eventually after it had sat in my garage for a year not moving we did a deal

When it worked it was great. Every car dealer you talk to will have a story like that

I now have four Audis (yes, they own Lamborghini - the keys for the A8, S8 and Huracan are indentical and so is the navigator)
Huracan
R8 V10 manual
S8 plus
A8

I have never had a fault on the Huracan or the R8 - totally reliable
S8 one annoying fault in 60,000 miles
A8 almost perfect for maybe 150,000 (driven now by my right hand man). Now 9 years old (the car, not my right hand man)

Now I am thinking maybe a 570S Spider ...

[WilliamWaiver]

wavering said:

Now I am thinking maybe a 570S Spider ...

The force is strong young wavering

[bertie]

Since Mclaren havent been manufacturing cars for some time must surely have cleared out some stock and helped you'd think?

[Rocketreid]

This Thread should be renamed McLarens Appreciating.

Most of the good spec cars have gone and this has had an effect of firming up prices

PistonHeads had 55 720S’s for sale in April now only 33 actually for sale. Of that most aren’t the most popular spec and have hung around along while.

The Doomsayers appear to have got it wrong !!

[PompeyReece]

Rocketreid said:

This Thread should be renamed McLarens Appreciating.

Most of the good spec cars have gone and this has had an effect of firming up prices

PistonHeads had 55 720S’s for sale in April now only 33 actually for sale. Of that most aren’t the most popular spec and have hung around along while.

The Doomsayers appear to have got it wrong !!

I actually saw 60 x 720s coupes for sale at the end of March, now 33 as you say.

Even better are the 570s - 45 coupes for sale at the height of their availability in late March, now only 15 on Autotrader. Additionally cheapest is now £10k more than the lowest price I've seen.

33 spyders were advertised in Feb, now only 11.

[anonymous-user]

PompeyReece said:

I actually saw 60 x 720s coupes for sale at the end of March, now 33 as you say.

Even better are the 570s - 45 coupes for sale at the height of their availability in late March, now only 15 on Autotrader. Additionally cheapest is now £10k more than the lowest price I've seen.

33 spyders were advertised in Feb, now only 11.

Best you get your order in mate.

[PompeyReece]

MAC 720S said:

Best you get your order in mate.

I wish Mick Sadly still a bit of a financial leap too far for me presently but one day......

[WilliamWaiver]

Seems Mclarens are selling like hot cakes at the moment and maybe bottomed out. Every derivative seems to be fairly short in supply now. The same old dross that has stuck around is still for sale but anything decent spec seems to have firmed up in price and then sells very quickly.

Hope I'm not leaving it too late to nail a 675LT spider and the bounce is about to happen

[Bispal]

WilliamWaiver said:

Seems Mclarens are selling like hot cakes at the moment and maybe bottomed out. Every derivative seems to be fairly short in supply now. The same old dross that has stuck around is still for sale but anything decent spec seems to have firmed up in price and then sells very quickly.

Hope I'm not leaving it too late to nail a 675LT spider and the bounce is about to happen

The Napier green one i told you about yesterday has sold off market in under 24 hours. That's the 3rd off market deal I have heard about this week, Mr JWW's old car just sold after being at a dealer for a year with high miles. The Chicane Grey at Alastair Bolls that had just become available has also sold in a couple of days and is now gone. Only 2 coupes and 6 spiders now available and one of the spiders is £450k and 2 others £270k.

[LotusJas]

Mods, quick, rename the thread to:

McLaren Appreciation