Mclaren depreciation
Discussion
I was watching the 12c market two years ago before taking the plunge on my much loved and wonderful specimen in January last year.
The cars sat through winter and spring woth prices slowly dropping. Flew out of the showrooms in May and June. Literally half of them. Prices softened in autumn and winter and used stock increased - presumably as people sold on after having a summer of fun.
Seems to be seasonal but its very encouraging that it has happened in this odd lockdown year. I've been watching 720s this year and noticed a similar trend - maybe delayed a month or two for obvious reasons.
The cars sat through winter and spring woth prices slowly dropping. Flew out of the showrooms in May and June. Literally half of them. Prices softened in autumn and winter and used stock increased - presumably as people sold on after having a summer of fun.
Seems to be seasonal but its very encouraging that it has happened in this odd lockdown year. I've been watching 720s this year and noticed a similar trend - maybe delayed a month or two for obvious reasons.
Edited by AndM on Friday 4th September 00:53
AndyC_123 said:
Bispal said:
Seriously think the 675LT will follow the F40 in terms of popularity in the years to come, similar numbers / rarity, similar praise from journalists and many long term owners.
Do you think the 765LT will affect them?Also a 675LT is £185k+ A 765LT will be £325k + different price point a whole £140k more. For 765LT money you could have a 675LT & a 600LT!
Bispal said:
Not really, a 996 GT3 RS is still worth more than a 997 GT3 RS. The 675LT will be 50% rarer than the 765LT plus it was really special with 60% of the parts bespoke and different to the 650s. The 765 is no-where near as bespoke as the 675 was. In fact 675 prices have have had a resurgence in the past 6 months with some prospective 765 purchasers choosing the 675 over the 765 as it will be more scarce. The 765LT is a profit making exercise for McLaren, I am told the 675LT was so bespoke they lost money.
Also a 675LT is £185k+ A 765LT will be £325k + different price point a whole £140k more. For 765LT money you could have a 675LT & a 600LT!
Yeah I agree. I've got a deposit down for a 765LT spider but if I can source a 675LT spider first I will probably pull the order for most of the exact same reasons as above. The biggest of which is the rarity as I see 1,530 765LTs being far too many for the brand and demand. Lets hope McLaren don't go down the same route as the 600LT as that is a cracking car that has been undermined by the excessive supply and way to market hence the residuals.Also a 675LT is £185k+ A 765LT will be £325k + different price point a whole £140k more. For 765LT money you could have a 675LT & a 600LT!
End of the day it seems the original 675LT is a very special and rare car and if not already will become highly sought after long term. Whilst I'm sure the 765LT will be epic I dont think it will be anything as big a step up from the standard 720S as the 675LT was to the 650S
Fair enough this is a depreciation topic, but you’re just comparing cars based on ..... number of units produced?
Is it a joke?
765LT will blow minds.
As a matter of facts, even Ferrari Pista, these kind of cars are getting produced in more units than seen in the past 5-10 years.
Does it make them worse? No from what they offer. Yes for residuals.
Why do you buy a supercar technically focused such Speciale/Pista/LT? For driving enjoyment, not investment.
Is it a joke?
765LT will blow minds.
As a matter of facts, even Ferrari Pista, these kind of cars are getting produced in more units than seen in the past 5-10 years.
Does it make them worse? No from what they offer. Yes for residuals.
Why do you buy a supercar technically focused such Speciale/Pista/LT? For driving enjoyment, not investment.
RBT0 said:
Fair enough this is a depreciation topic, but you’re just comparing cars based on ..... number of units produced?
Is it a joke?
765LT will blow minds.
As a matter of facts, even Ferrari Pista, these kind of cars are getting produced in more units than seen in the past 5-10 years.
Does it make them worse? No from what they offer. Yes for residuals.
Why do you buy a supercar technically focused such Speciale/Pista/LT? For driving enjoyment, not investment.
When did you drive the 765LT ?Is it a joke?
765LT will blow minds.
As a matter of facts, even Ferrari Pista, these kind of cars are getting produced in more units than seen in the past 5-10 years.
Does it make them worse? No from what they offer. Yes for residuals.
Why do you buy a supercar technically focused such Speciale/Pista/LT? For driving enjoyment, not investment.
Are you a McLaren salesman?
WilliamWaiver said:
When did you drive the 765LT ?
Are you a McLaren salesman?
Are you sure you aren’t Rambo Lambo? That’s the type of thing he would say.Are you a McLaren salesman?
When did they start taking deposits for the 765LT Spider?
The 765LT is pretty special. IIRC, North America has had no issues with selling the Coupe, with twice as much demand as cars available.
Edited by anonymous-user on Monday 7th September 19:42
That's a compliment, thanks.
I don't work for McLaren although I know people working there but I can tell you from specifications released that 765LT will be an other LT masterpiece.
You can put your head in the sand and think of 675 as the perfect car for you, but please stop associating how good a car is with number of units produced. And please let's stay on performance focused supercars, obviously I am not referring to Fiestas.
Btw this is a depreciation topic, feel free to carry on however you like but hopefully my point is clear.
I don't work for McLaren although I know people working there but I can tell you from specifications released that 765LT will be an other LT masterpiece.
You can put your head in the sand and think of 675 as the perfect car for you, but please stop associating how good a car is with number of units produced. And please let's stay on performance focused supercars, obviously I am not referring to Fiestas.
Btw this is a depreciation topic, feel free to carry on however you like but hopefully my point is clear.
MAC 720S said:
Are you sure you aren’t Rambo Lambo? That’s the type of thing he would say.
When did they start taking deposits for the 765LT Spider?
The 765LT is pretty special. IIRC, North America has had no issues with selling the Coupe, with twice as much demand as cars available.
Simply asked how poster knew the 765LT will blow minds ?When did they start taking deposits for the 765LT Spider?
The 765LT is pretty special. IIRC, North America has had no issues with selling the Coupe, with twice as much demand as cars available.
Edited by MAC 720S on Monday 7th September 19:42
I'm sure it will but its impossible to say that categorically based on performance stats alone The 720S is ballistic but doesn't float my boat
£25k Deposit has been down since March
Unfortunately depreciation is effected by supply and demand so production numbers play a massive part in that equation.
Ferrari always make 1 less than demand and are far more successful at managing used car residual values.
Limited edition ferraris always carry a heavy premium regardless of how good they are.
McLaren would have been far better off building a total of 765 LTs rather than 1530 IMHO.
A 1,000 675LTs was obviously spot on at the time as they all sold out in weeks but the market has dramatically changed since then and my biggest reservation with the 765LT is 1530 is too many and early adoptors will be stitched up like early 600LT owners who ordered in advance and paid full list.
My deposit was a hedge bet but I dont wish to take a £100k bath on the car just because its the latest and greatest product.
Looking at the spec list and options my proposed spider would be almost £400k so given McLarens depreciation record ( bar the 675LT ) its very conceivable the car could be worth £300k after 6 months
Ferrari always make 1 less than demand and are far more successful at managing used car residual values.
Limited edition ferraris always carry a heavy premium regardless of how good they are.
McLaren would have been far better off building a total of 765 LTs rather than 1530 IMHO.
A 1,000 675LTs was obviously spot on at the time as they all sold out in weeks but the market has dramatically changed since then and my biggest reservation with the 765LT is 1530 is too many and early adoptors will be stitched up like early 600LT owners who ordered in advance and paid full list.
My deposit was a hedge bet but I dont wish to take a £100k bath on the car just because its the latest and greatest product.
Looking at the spec list and options my proposed spider would be almost £400k so given McLarens depreciation record ( bar the 675LT ) its very conceivable the car could be worth £300k after 6 months
Matty3 said:
Stopped posting on here due to negative Mac comments from non owners - disappointing to see fellow owners arguing the toss.
To be fair, it seems as though there are more than a few on here that bang on constantly about how the LT models are just so much better than 'normal' McLarens on a wide variety of threads.It would be sad if it turned into the Porsche forum where all these GT3 and GT3RS owners look down on lesser models, and bang on about how track focused their cars are, all the while never going near a track ever.
All McLarens are special, and the difference in abilities are neither here or there on the restriction of the public roads, and even on track, negligible.
Enjoy what you have; i know i do, and I also know i could buy any LT model if I desired, but i don't require a track focused car for the journeys I take in my Mac.
Just my observations and tuppence worth.
Feel free to stay away from this forum, I don’t blame you.
I was trying to put to bed what appeared as considerations on “units produced”.
Unfortunately some people see supercars as investments, what can I say?
Now what’s the point with LT vs non LT models?
Oh yes, can I say, randomly, I didn’t like my dinner yesterday? Why not?
And Will, do you really think customers (from new) haven’t lost money on 675?
I still remember when many here were pointing the fact that 675s went below list.
Or am I dreaming?
I was trying to put to bed what appeared as considerations on “units produced”.
Unfortunately some people see supercars as investments, what can I say?
Now what’s the point with LT vs non LT models?
Oh yes, can I say, randomly, I didn’t like my dinner yesterday? Why not?
And Will, do you really think customers (from new) haven’t lost money on 675?
I still remember when many here were pointing the fact that 675s went below list.
Or am I dreaming?
MAC 720S said:
When did they start taking deposits for the 765LT Spider?
I can confirm they have started, as I have a deposit on 765LTS.Regarding comparing 675LT to 650S, there was actually a LOT more to improve than there is with 720S, which is already very light and frankly incredible.
I am 100% certain people will be astonished by the 765LT, and it will be the best non hybrid road car McLaren will ever make, excluding the legendary F1.
WilliamWaiver said:
Ferrari always make 1 less than demand and are far more successful at managing used car residual values.
Limited edition ferraris always carry a heavy premium regardless of how good they are.
Correction: this used to be true.Limited edition ferraris always carry a heavy premium regardless of how good they are.
Ferrari are overproducing cars as much as anyone else recently. See 488 prices. Pista too in fact.
LotusJas said:
Correction: this used to be true.
Ferrari are overproducing cars as much as anyone else recently. See 488 prices. Pista too in fact.
Yeah true times have changed now they are answering to shareholders hence no more truely limited cars. Still happy with my 430 Scuderia and considering I bought it used for £130k its done very wellFerrari are overproducing cars as much as anyone else recently. See 488 prices. Pista too in fact.
Gassing Station | McLaren | Top of Page | What's New | My Stuff