720S - what to look for?
Discussion
MAC 720S said:
BlackLabel said:
Amazing car, amazing price - congratulations!
I can’t imagine many McLaren dealers feeling good reading this.
If it is what I think it may be, it is an exceptional set of circumstances and isn't reflective of the market. I can’t imagine many McLaren dealers feeling good reading this.
Forgot to add, 18K miles should not be considered high mileage and nothing that would scare me off, FAB cars, Condition, Spec and Price should be the key factors when buying any car.
Edited by PHOENIXUK on Monday 21st October 16:41
Matty3 said:
Excellent deal you have bagged there Ferdi - well done! 
The 18k miles wouldn't deter me - at the price paid it represents absolutely outstanding value.
It should be a well fettled car at that mileage with most electronic / software gremlins ironed out through warranty. Excellent purchase. The 18k miles wouldn't deter me - at the price paid it represents absolutely outstanding value.
BlackLabel said:
Amazing car, amazing price - congratulations!
I can’t imagine many McLaren dealers feeling good reading this.
The original dealer (& I personally phoned 2 others) wouldn't even make an offer, absolutely pathetic! McLaren need to start controlling the used market or values will continue to freefall. I can’t imagine many McLaren dealers feeling good reading this.
The car had just been serviced with new tyres fitted at the owners expense.
Surely a dealer could have offered 130/135k & retailed for £149,950? An easy 8/10k profit would have been achieved at the very least?
ferdi p said:
The original dealer (& I personally phoned 2 others) wouldn't even make an offer, absolutely pathetic! McLaren need to start controlling the used market or values will continue to freefall.
The car had just been serviced with new tyres fitted at the owners expense.
Surely a dealer could have offered 130/135k & retailed for £149,950? An easy 8/10k profit would have been achieved at the very least?
They obviously think not. Such a shame, I love the brand, want to buy British (have had two new macs) but the dealer service and attitude is pretty poor IME.The car had just been serviced with new tyres fitted at the owners expense.
Surely a dealer could have offered 130/135k & retailed for £149,950? An easy 8/10k profit would have been achieved at the very least?
ferdi p said:
The original dealer (& I personally phoned 2 others) wouldn't even make an offer, absolutely pathetic! McLaren need to start controlling the used market or values will continue to freefall.
The car had just been serviced with new tyres fitted at the owners expense.
Surely a dealer could have offered 130/135k & retailed for £149,950? An easy 8/10k profit would have been achieved at the very least?
Did you have direct dealings with the seller or just AB? I think this is the car that was advertised in April 2019 for approx £166K - I could be wrong. If it is the one I am thinking about, I have a suspicion that it was a distressed sale which is why it was £131K. The car had just been serviced with new tyres fitted at the owners expense.
Surely a dealer could have offered 130/135k & retailed for £149,950? An easy 8/10k profit would have been achieved at the very least?
MAC 720S said:
Did you have direct dealings with the seller or just AB? I think this is the car that was advertised in April 2019 for approx £166K - I could be wrong. If it is the one I am thinking about, I have a suspicion that it was a distressed sale which is why it was £131K.
No idea tbh...MAC 720S said:
ferdi p said:
The original dealer (& I personally phoned 2 others) wouldn't even make an offer, absolutely pathetic! McLaren need to start controlling the used market or values will continue to freefall.
The car had just been serviced with new tyres fitted at the owners expense.
Surely a dealer could have offered 130/135k & retailed for £149,950? An easy 8/10k profit would have been achieved at the very least?
Did you have direct dealings with the seller or just AB? I think this is the car that was advertised in April 2019 for approx £166K - I could be wrong. If it is the one I am thinking about, I have a suspicion that it was a distressed sale which is why it was £131K. The car had just been serviced with new tyres fitted at the owners expense.
Surely a dealer could have offered 130/135k & retailed for £149,950? An easy 8/10k profit would have been achieved at the very least?
Dealers thinking this is just a Brexit thing and it will sort itself out post Brexit are delusional. We haven't even felt the true effects of Brexit yet as nothings happened other than parliamentarians throwing toys out the pram. The real effects of Brexit if/when it eventually happens a few years away which is the worrying thing looking at the current market as its bad enough as it is.
IMI A said:
MAC 720S said:
ferdi p said:
The original dealer (& I personally phoned 2 others) wouldn't even make an offer, absolutely pathetic! McLaren need to start controlling the used market or values will continue to freefall.
The car had just been serviced with new tyres fitted at the owners expense.
Surely a dealer could have offered 130/135k & retailed for £149,950? An easy 8/10k profit would have been achieved at the very least?
Did you have direct dealings with the seller or just AB? I think this is the car that was advertised in April 2019 for approx £166K - I could be wrong. If it is the one I am thinking about, I have a suspicion that it was a distressed sale which is why it was £131K. The car had just been serviced with new tyres fitted at the owners expense.
Surely a dealer could have offered 130/135k & retailed for £149,950? An easy 8/10k profit would have been achieved at the very least?
Dealers thinking this is just a Brexit thing and it will sort itself out post Brexit are delusional. We haven't even felt the true effects of Brexit yet as nothings happened other than parliamentarians throwing toys out the pram. The real effects of Brexit if/when it eventually happens a few years away which is the worrying thing looking at the current market as its bad enough as it is.
As mentioned loads before, it is not a McLaren specific issue, but the goaders like to make out that it is.
Ferrari, Lambo and Porsche are all in the same boat but Porsche have it slightly easier due to lower price entry point.
I do feel that McLaren enhance the issue by not going out of their way to make a deal attractive trading in another McLaren.
Ferdis 720 is just unfortunately the 1st one put out on a forum selling in the £130s...i would not class it as a distressed sale but just the way its heading or now actually arrived at.
If AB was not already fully aware of that, he sure is now, so you have an idea of where he will place the value of any 720 he is offered as a trade when he sees a deal for a sale at £131k.
Currently there is no price range that cars 'level out at'....just the price they shall 'actually sell at' if you are in the unfortunate position you want to sell.
If your not selling...who cares? Go out and enjoy driving the nuts of them...there is nothing better value to ability out there....nothing.
355spiderguy said:
The huge problem is only realised when you visit a McLaren dealer and see the incredible amount of 720s, 600lts and 5 series physically sitting there looking for buyers and still sitting there next time you go back.
As mentioned loads before, it is not a McLaren specific issue, but the goaders like to make out that it is.
Ferrari, Lambo and Porsche are all in the same boat but Porsche have it slightly easier due to lower price entry point.
I do feel that McLaren enhance the issue by not going out of their way to make a deal attractive trading in another McLaren.
Ferdis 720 is just unfortunately the 1st one put out on a forum selling in the £130s...i would not class it as a distressed sale but just the way its heading or now actually arrived at.
If AB was not already fully aware of that, he sure is now, so you have an idea of where he will place the value of any 720 he is offered as a trade when he sees a deal for a sale at £131k.
Currently there is no price range that cars 'level out at'....just the price they shall 'actually sell at' if you are in the unfortunate position you want to sell.
If your not selling...who cares? Go out and enjoy driving the nuts of them...there is nothing better value to ability out there....nothing.
I agree with all you say but the only difference is that both Ferrari & Porsche would have made a bid, a low bid I grant you but at least an actual offer. I just don't understand dealers attitude, surely to protect the used market you must buy a few cars outright, not just when its a part-ex!As mentioned loads before, it is not a McLaren specific issue, but the goaders like to make out that it is.
Ferrari, Lambo and Porsche are all in the same boat but Porsche have it slightly easier due to lower price entry point.
I do feel that McLaren enhance the issue by not going out of their way to make a deal attractive trading in another McLaren.
Ferdis 720 is just unfortunately the 1st one put out on a forum selling in the £130s...i would not class it as a distressed sale but just the way its heading or now actually arrived at.
If AB was not already fully aware of that, he sure is now, so you have an idea of where he will place the value of any 720 he is offered as a trade when he sees a deal for a sale at £131k.
Currently there is no price range that cars 'level out at'....just the price they shall 'actually sell at' if you are in the unfortunate position you want to sell.
If your not selling...who cares? Go out and enjoy driving the nuts of them...there is nothing better value to ability out there....nothing.
As much as people think I got a 'great deal' I'm fairly sure the next 20k miles 720 won't top 135k, especially if not sold by a dealer!
ferdi p said:
I agree with all you say but the only difference is that both Ferrari & Porsche would have made a bid, a low bid I grant you but at least an actual offer. I just don't understand dealers attitude, surely to protect the used market you must buy a few cars outright, not just when its a part-ex!
As much as people think I got a 'great deal' I'm fairly sure the next 20k miles 720 won't top 135k, especially if not sold by a dealer!
Do Ferrari / Porsche dealers get overstocked by the factory as much as McLaren dealers do though?As much as people think I got a 'great deal' I'm fairly sure the next 20k miles 720 won't top 135k, especially if not sold by a dealer!
Don't get me wrong - I think it's absolutely crap that the dealers won't buy back - but if they constantly have too much stock I can kind of understand why they can't.
davek_964 said:
Do Ferrari / Porsche dealers get overstocked by the factory as much as McLaren dealers do though?
Don't get me wrong - I think it's absolutely crap that the dealers won't buy back - but if they constantly have too much stock I can kind of understand why they can't.
What about at 125k, still no?Don't get me wrong - I think it's absolutely crap that the dealers won't buy back - but if they constantly have too much stock I can kind of understand why they can't.
This is what I don't understand, keep more in the network, protect residuals a little & the newer stuff will be easier to sell surely!? If not, it becomes harder to sell a new car for 250k when an 18 month old one is 50% cheaper!
Dealers are private business on the whole, with stocking / floor loans, if they aren’t moving stock and therefore money it won’t be long before the banks have something to say about it, if they are overstocked already then they probably aren’t in the position to pay out on stock , given the market .
Certainly a v tempting level to get in at although some on these forums were getting excited at the first sub £200k and then sub £180k 720S...there are a few sub £90k 570s' appearing in the classifieds now also few months back there weren't any... Bit of a mare if you need to sell these cars outright and are not part ex'ing.
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