720S - what to look for?
Discussion
justin220 said:
355spiderguy said:
Regards to the £139k 720s.
Less than a year ago my 650 spider appeared for sale for a few thousand less than that price.
It was at that point still less than 3 years old and was just over £282k list new with all its options.
Most 650 spiders a year ago were that and went upto the £155k mark.
After prolonged negotiation i bought it this spring for over £30k less.
£139k has just set the new lowest advertised for sale, but its not going to be unique. It's just the 1st one to break the £140k advertised price.
A truly outstanding car that can be bought for an outstanding price.
But they havn't settled. Neither has my 650 spider.
At McLaren Glasgow the other day i reckon they had at least 6 720s on the forecourt and a spider and coupe in the showroom.
The over supply has been a huge issue; likewise with the 5 series.
And strangely it seems when return clients like Justin try to trade up they won't make a deal attractive enough.
I'm not talking McLaren down as i am sold and love the brand, the products and the 1st class service at McLaren Glasgow... i would not consider any other brand now for my sports car fix, but their support for sustaining 2nd hand values is seriously lacking.
Good Post. Less than a year ago my 650 spider appeared for sale for a few thousand less than that price.
It was at that point still less than 3 years old and was just over £282k list new with all its options.
Most 650 spiders a year ago were that and went upto the £155k mark.
After prolonged negotiation i bought it this spring for over £30k less.
£139k has just set the new lowest advertised for sale, but its not going to be unique. It's just the 1st one to break the £140k advertised price.
A truly outstanding car that can be bought for an outstanding price.
But they havn't settled. Neither has my 650 spider.
At McLaren Glasgow the other day i reckon they had at least 6 720s on the forecourt and a spider and coupe in the showroom.
The over supply has been a huge issue; likewise with the 5 series.
And strangely it seems when return clients like Justin try to trade up they won't make a deal attractive enough.
I'm not talking McLaren down as i am sold and love the brand, the products and the 1st class service at McLaren Glasgow... i would not consider any other brand now for my sports car fix, but their support for sustaining 2nd hand values is seriously lacking.
I feel I'm a prime candidate to move from the 540 to a 720 but the unfortunate cliff edge depreciation of both cars has completely put me off.
Sure, it's actually cheaper now to get into a 720S, but not convinced it's twice the car the 540 is (effectively what I'd need money wise to trade up).
The market is a real mess.
GRD 8 said:
I have also noticed paying more for a higher spec. lower mileage car does not seem to make any difference when it comes to p/ex. offers
This applies to all brands' non special edition cars though, not only Mclaren. just look at 488 market (excluding pista) - the price has been dropping very quickly since F8 was announced. The price difference between low milage and high milage is very small. As long as the market is going down (no matter which brand), mileage and specs do not matter that much. The problem in my humble view is that Mclaren dealers do not take the car back unless it is used in P/X, which is quite annoying for lots of buyers. I tried to sell my 675LT back without P/X to the dealer I bought from and got turned down. I ended up selling to a specialist. While Ferrari & Lambo do not necessarily give you a good offer for normal production cars, they always bid for the car at least. Knowing the car can be quickly sold back to the dealer (at a price probably 10% lower than it should be) is quite important. To me, the liquidity is far more imporant than the value (to certain degree). Lambo dealers had no problem of bidding performante when it flooded the market after SVJ started delivery. The dealer I worked with was willing to bid more from its direct customers even it already had 4 perfmantes in their garage!
I would be more willing to buy Mclaren cars again if I know they would provide liquidty when I need it.
Lastly, I think the rumour that only existing Mclaren owners are qualified to buy 750LT probably has helped 720S price recently.
430SD_LP640 said:
Lastly, I think the rumour that only existing Mclaren owners are qualified to buy 750LT probably has helped 720S price recently.
The rumour is in the UK it is only new buyers of 720S who get first dibs on the 7XXLT, these are a special breed who really know the meaning of the word depreciation 
GRD 8 said:
justin220 said:
355spiderguy said:
Regards to the £139k 720s.
Less than a year ago my 650 spider appeared for sale for a few thousand less than that price.
It was at that point still less than 3 years old and was just over £282k list new with all its options.
Most 650 spiders a year ago were that and went upto the £155k mark.
After prolonged negotiation i bought it this spring for over £30k less.
£139k has just set the new lowest advertised for sale, but its not going to be unique. It's just the 1st one to break the £140k advertised price.
A truly outstanding car that can be bought for an outstanding price.
But they havn't settled. Neither has my 650 spider.
At McLaren Glasgow the other day i reckon they had at least 6 720s on the forecourt and a spider and coupe in the showroom.
The over supply has been a huge issue; likewise with the 5 series.
And strangely it seems when return clients like Justin try to trade up they won't make a deal attractive enough.
I'm not talking McLaren down as i am sold and love the brand, the products and the 1st class service at McLaren Glasgow... i would not consider any other brand now for my sports car fix, but their support for sustaining 2nd hand values is seriously lacking.
Good Post. Less than a year ago my 650 spider appeared for sale for a few thousand less than that price.
It was at that point still less than 3 years old and was just over £282k list new with all its options.
Most 650 spiders a year ago were that and went upto the £155k mark.
After prolonged negotiation i bought it this spring for over £30k less.
£139k has just set the new lowest advertised for sale, but its not going to be unique. It's just the 1st one to break the £140k advertised price.
A truly outstanding car that can be bought for an outstanding price.
But they havn't settled. Neither has my 650 spider.
At McLaren Glasgow the other day i reckon they had at least 6 720s on the forecourt and a spider and coupe in the showroom.
The over supply has been a huge issue; likewise with the 5 series.
And strangely it seems when return clients like Justin try to trade up they won't make a deal attractive enough.
I'm not talking McLaren down as i am sold and love the brand, the products and the 1st class service at McLaren Glasgow... i would not consider any other brand now for my sports car fix, but their support for sustaining 2nd hand values is seriously lacking.
I feel I'm a prime candidate to move from the 540 to a 720 but the unfortunate cliff edge depreciation of both cars has completely put me off.
Sure, it's actually cheaper now to get into a 720S, but not convinced it's twice the car the 540 is (effectively what I'd need money wise to trade up).
The market is a real mess.
It was always going to have to be a 675LT spider or 720 spider for me.
However, when i dropped of my car on Wed, i parked right next to a McLaren Orange 675Lt spider and whilst really nice, i felt pretty underwhelmed and straight away made my mind up that it wasn't worth my car plus say £140k. I'm not a track monster so the 'benefits' are wasted on me.
Likewise in the showroom the Volcano Yellow 720 spider was just absolutely stunning...definitely would have in a heartbeat. However, even if i was offered a trade, at £296k, I'm guessing i would be looking at around my car plus near £200k.
That will shed the value if my current car in approx 12months.
For some, that's maybe not an issue; for me it is...a huge one. I work too hard to lose it that easily.
I accept it will be a 3 year old spider i buy; maybe i will keep the 650 for another couple of years till then...its still a super series spider , still hugely capable and still in my eyes P1-esque, so i don't have much to complain about...i still really love it and does around 97% of what a 720 spider does for £200k more.
Its a real pity that is the current situation; i wonder what you would be offered if you had a 720s to trade in for the spider....especially for instance at Glasgow with around 6 used already onsite.
MAC 720S said:
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.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?)
2017 126
2018. 274
2019. 128 (end of Q2)
So less than 10% drop 2018 to 2019.
It’s very, very expensive for car manufacturers to really scale back production...massive fixed costs which can’t be cut back without redundancies (you would still have a lot of other fixed costs though) and then most of the suppliers will be working on contracts which are relatively long term to get the best pricing for McLaren...so it’s much cheaper to keep producing cars which get sold at a significant discount rather then stop making them. Obviously very damaging for the brand though...
355spiderguy said:
Yup, basically the same thoughts as both of you; have my 650 spider a year or so then trade up.
It was always going to have to be a 675LT spider or 720 spider for me.
However, when i dropped of my car on Wed, i parked right next to a McLaren Orange 675Lt spider and whilst really nice, i felt pretty underwhelmed and straight away made my mind up that it wasn't worth my car plus say £140k. I'm not a track monster so the 'benefits' are wasted on me.
Likewise in the showroom the Volcano Yellow 720 spider was just absolutely stunning...definitely would have in a heartbeat. However, even if i was offered a trade, at £296k, I'm guessing i would be looking at around my car plus near £200k.
That will shed the value if my current car in approx 12months.
For some, that's maybe not an issue; for me it is...a huge one. I work too hard to lose it that easily.
I accept it will be a 3 year old spider i buy; maybe i will keep the 650 for another couple of years till then...its still a super series spider , still hugely capable and still in my eyes P1-esque, so i don't have much to complain about...i still really love it and does around 97% of what a 720 spider does for £200k more.
Its a real pity that is the current situation; i wonder what you would be offered if you had a 720s to trade in for the spider....especially for instance at Glasgow with around 6 used already onsite.
Another problem i have found is when looking at the possibility to p/ex the car with another brand. The dealers make you feel as if you have made a serious error in buying a Mclaren and that the only way they can take the car in p/ex is to have it underwritten. Subsequently the only trade bid they get on the car is from a Mclaren dealer who bids very little for it, compounding the problem.It becomes a vicious circle of restricting the market of potential buyers to Mclaren who value the cars low in order to preserve the cost to change into the next discounted car they are looking to sell.It was always going to have to be a 675LT spider or 720 spider for me.
However, when i dropped of my car on Wed, i parked right next to a McLaren Orange 675Lt spider and whilst really nice, i felt pretty underwhelmed and straight away made my mind up that it wasn't worth my car plus say £140k. I'm not a track monster so the 'benefits' are wasted on me.
Likewise in the showroom the Volcano Yellow 720 spider was just absolutely stunning...definitely would have in a heartbeat. However, even if i was offered a trade, at £296k, I'm guessing i would be looking at around my car plus near £200k.
That will shed the value if my current car in approx 12months.
For some, that's maybe not an issue; for me it is...a huge one. I work too hard to lose it that easily.
I accept it will be a 3 year old spider i buy; maybe i will keep the 650 for another couple of years till then...its still a super series spider , still hugely capable and still in my eyes P1-esque, so i don't have much to complain about...i still really love it and does around 97% of what a 720 spider does for £200k more.
Its a real pity that is the current situation; i wonder what you would be offered if you had a 720s to trade in for the spider....especially for instance at Glasgow with around 6 used already onsite.
These are fantastic cars, better in many ways than the opposition but if the brand cannot retain any significant value then i think attracting new customers to the brand, as well as retaining existing customers, will be difficult which will be a real shame.
GRD 8 said:
Another problem i have found is when looking at the possibility to p/ex the car with another brand. The dealers make you feel as if you have made a serious error in buying a Mclaren and that the only way they can take the car in p/ex is to have it underwritten. Subsequently the only trade bid they get on the car is from a Mclaren dealer who bids very little for it, compounding the problem.It becomes a vicious circle of restricting the market of potential buyers to Mclaren who value the cars low in order to preserve the cost to change into the next discounted car they are looking to sell.
These are fantastic cars, better in many ways than the opposition but if the brand cannot retain any significant value then i think attracting new customers to the brand, as well as retaining existing customers, will be difficult which will be a real shame.
You're absolutely right, I've looked at a few 720's privately & none could get a trade bid unless they were using it to part-ex, not even a low bid, nothing!These are fantastic cars, better in many ways than the opposition but if the brand cannot retain any significant value then i think attracting new customers to the brand, as well as retaining existing customers, will be difficult which will be a real shame.
I'll be in a 720 soon however I'm going in eyes wide open in the knowledge that this will be an expensive few years ahead!!
Cheib said:
MAC 720S said:
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.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?)
2017 126
2018. 274
2019. 128 (end of Q2)
So less than 10% drop 2018 to 2019.
It’s very, very expensive for car manufacturers to really scale back production...massive fixed costs which can’t be cut back without redundancies (you would still have a lot of other fixed costs though) and then most of the suppliers will be working on contracts which are relatively long term to get the best pricing for McLaren...so it’s much cheaper to keep producing cars which get sold at a significant discount rather then stop making them. Obviously very damaging for the brand though...
I was speaking to a specialist dealer (not for McLaren) about another vehicle who indicated that the market is pretty flat right at present.
I'm going to have a look at a couple of cars over the coming weeks but it's increasingly tempting to hold off until I see exactly what I want or there's a tempting offer on stock that's hanging around.
Paid 131k for the 720s that was talked about here. It's done 18,090 miles, is immaculate (full ppf) & has Warranty until May 2021. Haven't driven it yet as I've been away.
Sold my 650s for 124k 5 months ago & was waiting for 720's to dip below 150k however I couldn't resist a cheaper high mileage one!
Will report back here when I eventually get time to drive it. I do hope i like it!
Sold my 650s for 124k 5 months ago & was waiting for 720's to dip below 150k however I couldn't resist a cheaper high mileage one!
Will report back here when I eventually get time to drive it. I do hope i like it!
ferdi p said:
Paid 131k for the 720s that was talked about here. It's done 18,090 miles, is immaculate (full ppf) & has Warranty until May 2021. Haven't driven it yet as I've been away.
Sold my 650s for 124k 5 months ago & was waiting for 720's to dip below 150k however I couldn't resist a cheaper high mileage one!
Will report back here when I eventually get time to drive it. I do hope i like it!
WOW!! What a deal!Sold my 650s for 124k 5 months ago & was waiting for 720's to dip below 150k however I couldn't resist a cheaper high mileage one!
Will report back here when I eventually get time to drive it. I do hope i like it!
131k!!! That's theft!!! I am nearly over the line on a deal on a aventador s that is working out 95k more than you just paid... and you have the faster car!
A rather nice cheap gallardo performante is now lurking in the classifieds......if anyone on here is interested...
getting a 720 s for that price is pretty shocking....
A rather nice cheap gallardo performante is now lurking in the classifieds......if anyone on here is interested...
getting a 720 s for that price is pretty shocking....
ferdi p said:
Paid 131k for the 720s that was talked about here. It's done 18,090 miles, is immaculate (full ppf) & has Warranty until May 2021. Haven't driven it yet as I've been away.
Sold my 650s for 124k 5 months ago & was waiting for 720's to dip below 150k however I couldn't resist a cheaper high mileage one!
Will report back here when I eventually get time to drive it. I do hope i like it!
That is unreal value. Got to be reasonably safe money at that price. Congrats!Sold my 650s for 124k 5 months ago & was waiting for 720's to dip below 150k however I couldn't resist a cheaper high mileage one!
Will report back here when I eventually get time to drive it. I do hope i like it!
justin220 said:
That is unreal value. Got to be reasonably safe money at that price. Congrats!
It'll have well over 20k when I come to sell it & by then low mileage ones (under 10k) will be 140-150k I reckon.Mine will always trade a good bit lower than those so 110/120?
So as much as it sounds a great deal I still believe that it'll depreciate at a similar rate to everything else out there.
Anyway, I bought the car to drive so the high mileage with a lower price was attractive to me.
ferdi p said:
justin220 said:
That is unreal value. Got to be reasonably safe money at that price. Congrats!
It'll have well over 20k when I come to sell it & by then low mileage ones (under 10k) will be 140-150k I reckon.Mine will always trade a good bit lower than those so 110/120?
So as much as it sounds a great deal I still believe that it'll depreciate at a similar rate to everything else out there.
Anyway, I bought the car to drive so the high mileage with a lower price was attractive to me.
Its just mad that 18k is considered as high mileage...its the one i would go for all day long over a low miles one.
I did the same with my '65 plate 650 and even though purchased in late April there still hasn't been one advertised at anywhere near what i paid...and with being 'used' it has not given me the slightest bit of bother as any niggles were ironed out maybe 10k miles ago....fantastic car.
Is that a 2018 model?
Looking forward to pics.
ferdi p said:
Paid 131k for the 720s that was talked about here. It's done 18,090 miles, is immaculate (full ppf) & has Warranty until May 2021. Haven't driven it yet as I've been away.
Sold my 650s for 124k 5 months ago & was waiting for 720's to dip below 150k however I couldn't resist a cheaper high mileage one!
Will report back here when I eventually get time to drive it. I do hope i like it!
Do you know who the previous owner was and was it SoR?Sold my 650s for 124k 5 months ago & was waiting for 720's to dip below 150k however I couldn't resist a cheaper high mileage one!
Will report back here when I eventually get time to drive it. I do hope i like it!
ferdi p said:
Alistair Bols was looking for me & contacted the owner on my behalf... Nice fella & a quick easy transaction...
£131K is bonkers, even with £18K miles. Right place, right time maybe? Did the previous owner also have a 675? If it is him, I can understand why you got it for £131K - Lucky barsteward.Edited by anonymous-user on Monday 21st October 15:24
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