McLaren Finance Questions.

McLaren Finance Questions.

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johnnyreggae

2,946 posts

161 months

Monday 28th September 2020
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ferdi p

1,519 posts

173 months

Monday 28th September 2020
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That's just over 2k pcm to do no more than 400 miles a month in a 570s.

Not the greatest deal imo...

petjam

Original Poster:

489 posts

147 months

Monday 28th September 2020
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ferdi p said:
That's just over 2k pcm to do no more than 400 miles a month in a 570s.

Not the greatest deal imo...
Agreed, the deals on 600LTs last Christmas were about half that.

TP321

1,480 posts

199 months

Monday 28th September 2020
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petjam said:
Agreed, the deals on 600LTs last Christmas were about half that.
Correct

TP321

1,480 posts

199 months

Monday 28th September 2020
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I think the deals will be on the 765lt

650spider

1,476 posts

172 months

Monday 28th September 2020
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TP321 said:
I think the deals will be on the 765lt
I don't think so this time round.

They have stated build numbers but that can change very easily; they cannot afford to have them sitting about in multiples like the 600lt; it needs to be as similar to the 675lt launch as they can make it.

May well be wrong, but cannot see them overproducing again.

They are still planning on an IPO within a few years so they really have to look long and hard at what has went wrong recently and the car crash that was the Aston IPO in order to make it appealing.

WilliamWaiver

439 posts

46 months

Monday 28th September 2020
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650spider said:
I don't think so this time round.

They have stated build numbers but that can change very easily; they cannot afford to have them sitting about in multiples like the 600lt; it needs to be as similar to the 675lt launch as they can make it.

May well be wrong, but cannot see them overproducing again.

They are still planning on an IPO within a few years so they really have to look long and hard at what has went wrong recently and the car crash that was the Aston IPO in order to make it appealing.
They have costed it on 1530 units and aren't producing anything else unless its a sold order so they won't produce less sadly as they need to keep the factory open.
They will produce 1530 and by hook or by crook give them away if necessary IMHO.
Won't be as bad as 600LT as its probably more coverted and lower volumes to the unlimited 600LT which they just kept churning out despite tge lack of demand.

I've got deposit in on a 765LT spider and would love them to produce less but just can't see it and I've already told dealer I want a late one and won't rush to pay list

EvoSid

1,105 posts

64 months

Wednesday 30th September 2020
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petjam said:
I thought the deals last year were on the 600LT. They were doing GFVs of c.£155k.
Can anyone remember what the deal was ?
I saw some you tubers boasting on how got a Mclaren ( I assumed 570S ) for £800 ppm plus £15k deposit

tyrrell

1,670 posts

209 months

Wednesday 30th September 2020
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The deal was £10k down followed by 24 payments of £1499, 5k miles a year with a GFV in the region of £150k, this was on selected stock of 600 Lt Spiders.

petjam

Original Poster:

489 posts

147 months

Wednesday 30th September 2020
quotequote all
tyrrell said:
The deal was £10k down followed by 24 payments of £1499, 5k miles a year with a GFV in the region of £150k, this was on selected stock of 600 Lt Spiders.
I think the dealers were given some play in what they could offer.

I got offered £15k down, £1100 a month for 6k miles per year. A friend took them up on £10k and £1300.

EvoSid

1,105 posts

64 months

Wednesday 30th September 2020
quotequote all
tyrrell said:
The deal was £10k down followed by 24 payments of £1499, 5k miles a year with a GFV in the region of £150k, this was on selected stock of 600 Lt Spiders.
Thanks
I wonder what these cars will be worth when they hit the used market in 2 years time ?

petjam

Original Poster:

489 posts

147 months

Wednesday 30th September 2020
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Indeed, going to be some bargains on these come Christmas 2021.

Six month old ones are already going for between £160-£170 so pretty close to their GFV which is another 18 months away!

JPCGT

196 posts

146 months

Wednesday 30th September 2020
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EvoSid said:
Thanks
I wonder what these cars will be worth when they hit the used market in 2 years time ?
Around £100k. I expect a few higher miles and lower specced cars will headline at ~£99k.

EvoSid

1,105 posts

64 months

Wednesday 30th September 2020
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JPCGT said:
Around £100k. I expect a few higher miles and lower specced cars will headline at ~£99k.
Could be few bargain cars around hopefully

dogz

335 posts

257 months

Friday 2nd October 2020
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EvoSid said:
Sorry to bring this thread back to life

But I recall in late 2019 ( I think) Mclaren were doing some amazing PCP deals along the lines of
£15K deposit then 1K per month or less for 2 years

Can anyone remember when this deal was on an what the GFV was roughly for the 570S ?
They had deals like this around Oct / Nov last year

Deal I looked at was 570S which was a £190k car reduced to c£130kish with £15k in and £1k per month over 24 month doing 5 or 6k. I think the balloon was c£109k but I could be wrong as I can't find the quote

Crazy4557

675 posts

195 months

Friday 2nd October 2020
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JPCGT said:
Around £100k. I expect a few higher miles and lower specced cars will headline at ~£99k.
My 600LT spider on this deal will be returned with everyone of it's 14k mile allowance, I'm hoping that residuals will be around this level, if so I'll be buying it. I've treated it as my own since day 1 with the intention of keeping it long term, just using the cheap deal to save some money overall.
What could I replace this with at that price level that is such a good all rounder?

petjam

Original Poster:

489 posts

147 months

Friday 2nd October 2020
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If only they would let you buy it at the market price!

Rest assured you will be offered some bonkers numbers.

Fingers crossed they don’t as I agree it’s an amazing car.

Crazy4557

675 posts

195 months

Friday 2nd October 2020
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petjam said:
If only they would let you buy it at the market price!

Rest assured you will be offered some bonkers numbers.

Fingers crossed they don’t as I agree it’s an amazing car.
I agree, that could be a challenge but it's the finance company selling so my bid's quite likely to be higher than a McLaren dealer 's dealers. Whether they will sell directly is another matter as that could make them out as a dealer and the liabilities that that entails which may not be acceptable. I guess I can take finance out with them which would be a win win situation potentially.
Does anyone know of direct purchases from finance companies when the deal is up?

ripley500

388 posts

212 months

Friday 2nd October 2020
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Crazy4557 said:
petjam said:
If only they would let you buy it at the market price!

Rest assured you will be offered some bonkers numbers.

Fingers crossed they don’t as I agree it’s an amazing car.
I agree, that could be a challenge but it's the finance company selling so my bid's quite likely to be higher than a McLaren dealer 's dealers. Whether they will sell directly is another matter as that could make them out as a dealer and the liabilities that that entails which may not be acceptable. I guess I can take finance out with them which would be a win win situation potentially.
Does anyone know of direct purchases from finance companies when the deal is up?
In my experience the finance company will only take the gfv figure and will not negotiate even though they stand to lose more money.

Waisty

1 posts

43 months

Saturday 3rd October 2020
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Following on from topic I hear that dealers may now also be offering deals similar to previous ones on the cars currently in stock to clear the decks ready for new products out early next year? Has anyone heard what they might be as I thinking of taking the plunge as a 1st time owner.