720S - what to look for?

720S - what to look for?

Author
Discussion

davek_964

8,813 posts

175 months

Tuesday 1st October 2019
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This thread is kind of funny - a thread about McLarens where people are disappointed they're not depreciating at the moment. Ah, the irony! wink

heihei

162 posts

195 months

Tuesday 1st October 2019
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MAC 720S said:
There's not an insignificant price gap between an older 720S and a newer 570. You can get into a brand new 570 for the price of the cheapest used 720S.
If your budget stretches to £170K, there’s some nice 720S’s to choose from. If I had my time again, I would be seriously considering this > https://www.pistonheads.com/classifieds/used-cars/...

There’s no science behind my next statement, just a gut feeling, but the lower priced 720S’s seem to be bottoming out. I’ve been watching for a few months now. There’s also less for sale. There was 56 advertised 2 months ago, but 42 today. That’s quite a % difference.
That car has an interesting history to say the least!
Agree the market seems to have bottomed for the time being, but can’t see it lasting. Not much seems to be trading, and there are still plenty of unregistered cars around.

PHOENIXUK

2,198 posts

201 months

Tuesday 1st October 2019
quotequote all
heihei said:
MAC 720S said:
There's not an insignificant price gap between an older 720S and a newer 570. You can get into a brand new 570 for the price of the cheapest used 720S.
If your budget stretches to £170K, there’s some nice 720S’s to choose from. If I had my time again, I would be seriously considering this > https://www.pistonheads.com/classifieds/used-cars/...

There’s no science behind my next statement, just a gut feeling, but the lower priced 720S’s seem to be bottoming out. I’ve been watching for a few months now. There’s also less for sale. There was 56 advertised 2 months ago, but 42 today. That’s quite a % difference.
That car has an interesting history to say the least!
Agree the market seems to have bottomed for the time being, but can’t see it lasting. Not much seems to be trading, and there are still plenty of unregistered cars around.
A couple of cars at Sub £160K have disappeared true, but there are still 4 on the Pistonheads site alone at below £160K with 2 of those cars reduced considerably over the last few months, another one at a new low price, so not sure the bottom has been reached just yet.... Hopefully I will be buying one for Christmas, the cars I am interested at are currently advertised £170-180K, if they are still there, my offers will be a hell of a lot lower..

Charlie360

379 posts

258 months

Tuesday 1st October 2019
quotequote all
heihei said:
MAC 720S said:
There's not an insignificant price gap between an older 720S and a newer 570. You can get into a brand new 570 for the price of the cheapest used 720S.
If your budget stretches to £170K, there’s some nice 720S’s to choose from. If I had my time again, I would be seriously considering this > https://www.pistonheads.com/classifieds/used-cars/...

There’s no science behind my next statement, just a gut feeling, but the lower priced 720S’s seem to be bottoming out. I’ve been watching for a few months now. There’s also less for sale. There was 56 advertised 2 months ago, but 42 today. That’s quite a % difference.
That car has an interesting history to say the least!
Agree the market seems to have bottomed for the time being, but can’t see it lasting. Not much seems to be trading, and there are still plenty of unregistered cars around.
Yep that car belonged to More than Cars chap - you can see what happened in part here https://www.youtube.com/watch?v=FRi1_827TKQ

How do you know there are plenty of unregistered coupes still available, I've been in discussion about trading mine and have been told the opposite?

anonymous-user

54 months

Tuesday 1st October 2019
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PHOENIXUK said:
A couple of cars at Sub £160K have disappeared true, but there are still 4 on the Pistonheads site alone at below £160K with 2 of those cars reduced considerably over the last few months, another one at a new low price, so not sure the bottom has been reached just yet.... Hopefully I will be buying one for Christmas, the cars I am interested at are currently advertised £170-180K, if they are still there, my offers will be a hell of a lot lower..
I have been told that McLaren have throttled back on supply of cars to the UK market to counteract oversupply / help dealers move new stock. Should trickle down to the used vehicles.

anonymous-user

54 months

Tuesday 1st October 2019
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Charlie360 said:
Yep that car belonged to More than Cars chap - you can see what happened in part here https://www.youtube.com/watch?v=FRi1_827TKQ

How do you know there are plenty of unregistered coupes still available, I've been in discussion about trading mine and have been told the opposite?
I just watched the video but no explanation as to what his problem was with the car. Any idea?

heihei

162 posts

195 months

Tuesday 1st October 2019
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In one of the videos he says it is software problems, but agree not clear.

With regard to unregistered cars, if you wander round a few of the larger dealers there are a number of cars sitting around that are not assigned to customers.

anonymous-user

54 months

Tuesday 1st October 2019
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heihei said:
In one of the videos he says it is software problems, but agree not clear.

With regard to unregistered cars, if you wander round a few of the larger dealers there are a number of cars sitting around that are not assigned to customers.
He had one of the very early cars so would have likely had several issues, most of which would have been software related. The latest updates deal with them. Due to the negative social media attention this car has had, a decent deal could be struck. Unless it has significant mechancial issues (I doubt it), I personally wouldn't be put-off by the history.

Charlie360

379 posts

258 months

Tuesday 1st October 2019
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MAC 720S said:
I just watched the video but no explanation as to what his problem was with the car. Any idea?
Not sure what the exact problems were, but he was a member of the MOC and there are a few comments in there regarding him, I guess je wasn't happy with the car for whatever reasons and ended up getting McLaren to take it back in the end.

Charlie360

379 posts

258 months

Tuesday 1st October 2019
quotequote all
heihei said:
In one of the videos he says it is software problems, but agree not clear.

With regard to unregistered cars, if you wander round a few of the larger dealers there are a number of cars sitting around that are not assigned to customers.
Are they all unregistered cars, or second hand ones without plates/trade plates on them currently? I'm only asking as I'm trying to understand exactly what's available currently and why new cars don't appear to be advertised by dealers if they are available?

anonymous-user

54 months

Tuesday 1st October 2019
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Charlie360 said:
Not sure what the exact problems were, but he was a member of the MOC and there are a few comments in there regarding him, I guess je wasn't happy with the car for whatever reasons and ended up getting McLaren to take it back in the end.
I'll need to take a look at the thread in the MOC forum. May get a better understanding of issues.

Charlie360

379 posts

258 months

Tuesday 1st October 2019
quotequote all
MAC 720S said:
He had one of the very early cars so would have likely had several issues, most of which would have been software related. The latest updates deal with them. Due to the negative social media attention this car has had, a decent deal could be struck. Unless it has significant mechancial issues (I doubt it), I personally wouldn't be put-off by the history.
Hi Mick, I believe that he had a 570 before this 720, which was registered in July 18, so not that early for a 720. If Rybrook should be doing a deal for anyone, surely you'd be a long way up their list smile

PHOENIXUK

2,198 posts

201 months

Tuesday 1st October 2019
quotequote all
Charlie360 said:
MAC 720S said:
He had one of the very early cars so would have likely had several issues, most of which would have been software related. The latest updates deal with them. Due to the negative social media attention this car has had, a decent deal could be struck. Unless it has significant mechancial issues (I doubt it), I personally wouldn't be put-off by the history.
Hi Mick, I believe that he had a 570 before this 720, which was registered in July 18, so not that early for a 720. If Rybrook should be doing a deal for anyone, surely you'd be a long way up their list smile
If it were just 'updates' why would they need it so long, maybe using a ZX80 to load them?

LotusJas

1,324 posts

231 months

Tuesday 1st October 2019
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davek_964 said:
This thread is kind of funny - a thread about McLarens where people are disappointed they're not depreciating at the moment. Ah, the irony! wink
ROFL

355spiderguy

1,476 posts

171 months

Wednesday 2nd October 2019
quotequote all
Just back from dropping the car off at McLaren Glasgow for a couple of warranty issues that were uncovered during last months service.

They have the most stunning unregistered Volcano Yellow 720 spider in the showroom that almost has every 'extras' box ticked...hard to put into words how amazing this car looks.

Price is £296k though....maybe in 18months or so it shall seem a more reasonable proposition for myself....same with the MSO 600LT spider they have in the showroom at £260k...it isn't my thing to talk down prices but each of these shall probably shed nearly £100k in the 12 months after being registered.

But here is the thing...a new specialised dealer has opened up in Aberdeen and have an amazing looking napier green 2019 720s for a smidge over £180k...has that really lost that much from list or can a large discount be negotiated on new / unregistered?

Anyone offer a genuine answer from personal experience rather than the usual internet hearsay?

RBT0

1,476 posts

119 months

Wednesday 2nd October 2019
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Based on my experience, dealers try to sell at list or with small discount, till they realise no customers are up for it, so then they increase discount. And this goes on and on till car is sold, but it may take a lot of time for them to sell, as they know some rich customers may show up and go for it if they like the spec.

So it is just a matter of time.

Just try to negotiate and if you're not happy at the end, explain why and gently walk away.

They'll come back to you if they don't find the customer they were looking for.

End of year is usually crucial and you may get a call back with big price drop, has happened to me last year (still wrong car though...).

Just be patient, or if not pay for it.

Emotional factor does a lot and they know that, so they'll sell only if price is what they think they should sell at that point in time. If not they'll keep waiting and adjust price till someone buy it.

You may miss it, but believe me usually is because the other customer pays more or you just were not there when the price dropped.

Genuinely based on more than a year negotiation with multiple dealers.

It is just a f***cking matter of time. They know that, you should ge aware as well.

So when you bought it, always keep that in mind before punching yourself in the face due to value drop. Was at that time the best price for that particular car and spec?

heihei

162 posts

195 months

Wednesday 2nd October 2019
quotequote all
355spiderguy said:
Just back from dropping the car off at McLaren Glasgow for a couple of warranty issues that were uncovered during last months service.

They have the most stunning unregistered Volcano Yellow 720 spider in the showroom that almost has every 'extras' box ticked...hard to put into words how amazing this car looks.

Price is £296k though....maybe in 18months or so it shall seem a more reasonable proposition for myself....same with the MSO 600LT spider they have in the showroom at £260k...it isn't my thing to talk down prices but each of these shall probably shed nearly £100k in the 12 months after being registered.

But here is the thing...a new specialised dealer has opened up in Aberdeen and have an amazing looking napier green 2019 720s for a smidge over £180k...has that really lost that much from list or can a large discount be negotiated on new / unregistered?

Anyone offer a genuine answer from personal experience rather than the usual internet hearsay?
Yep that MSO 600LT spider is stunning - they immediately offered £10k off list when I showed some interest a few months' back.
Also agree that napier green 720S looks stunning too, but think there needs to be more of a discount for buying outside of the dealer network (sadly).

LooneyTunes

Original Poster:

6,844 posts

158 months

Wednesday 2nd October 2019
quotequote all
355spiderguy said:
But here is the thing...a new specialised dealer has opened up in Aberdeen and have an amazing looking napier green 2019 720s for a smidge over £180k...has that really lost that much from list or can a large discount be negotiated on new / unregistered?

Anyone offer a genuine answer from personal experience rather than the usual internet hearsay?
I have been given some indicative discount figures from a dealer on new cars. I was surprised about where they were opening the conversation. I'll be back for a further discussion with them.

That said, if this article is accurate there has been a bit of a drop in sales: https://www.msn.com/en-gb/cars/news/sports-car-sal... (Motoring Research are UK based, so I assume they're UK figures?)

anonymous-user

54 months

Thursday 3rd October 2019
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LooneyTunes said:
I have been given some indicative discount figures from a dealer on new cars. I was surprised about where they were opening the conversation. I'll be back for a further discussion with them.

That said, if this article is accurate there has been a bit of a drop in sales: https://www.msn.com/en-gb/cars/news/sports-car-sal... (Motoring Research are UK based, so I assume they're UK figures?)
That fits in with what I understand to be McLaren's intentional throttling back of sales in the UK to counteract oversupply. Maybe it’s why the lower end used prices appear to be holding up and there are less for sale than a few months ago? I hope so.

BadBull

1,924 posts

72 months

Thursday 3rd October 2019
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The McLaren market is a mess.