Decision made - pulled the trigger, deposit down!

Decision made - pulled the trigger, deposit down!

Author
Discussion

LordOfTheManor

1,267 posts

112 months

Friday 13th March 2020
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Bought mine from Bristol - and they are all pretty amazing....

RBT0

1,476 posts

120 months

Friday 13th March 2020
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McLaren automotive started with a bunch of people coming from Lotus...watch one of the Thorney vid for some insights.

rat rod

4,997 posts

66 months

Friday 13th March 2020
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AstonExige said:
So, put a deposit down yesterday on a Mclaren! So excited. IMy first step into the world of Supercar ownership, spent hours of research, days of time visiting dealers, driving cars and finally made a decision! I've mainly been considering 458's and Hurracan's. It's been really difficult to make a decision. Here is how it went:

458: Looks fantastic, sounds even better, nice interior, love the image, best chance of decent residuals. Downsides? The oldest of the lot so the tech a little less up to date. And they seem very mileage sensitive when it comes to value. A very close 2nd.

Huracan: Loved everything about this car, all of the above with modern tech and no doubt Audi reliability. Replacement parts often a good price as they're Audi. Expect 4wd to mean you can make use of the performance more often. Key downside and the dealbreaker, residuals. The most mass produced, reflected by so many on the market. Being out trumped by the Performante where the prices there are coming down, these will drop significantly over the next few years. I will get one one day!

And the winner.....

570s: This started off as the least favourite, at least on paper/in pictures. Noise: not great.... looks? To me they look nice, but nothing special. Reputation for reliability not great, cost to run, high. So why did I even consider them? Hard not too when they are £30k+ less, which would have meant I could keep my Exige. I happened to be down in Bristol and noticed the local Mclaren Dealer, Rybrook, had a nice one in stock. This one had caught my eye because of some tasteful pinstriping and a nice looking carbon wing. Anyway, I walked into the showroom and there it was, its beauty hit me. If ever there was a perfect example of pictures not doing a car justice it has to be the 570s. The car looks very good in the flesh. I was taken for a drive in a 570s Spider demonstrator, again wow, the acceleration!! I've driven a lot of fast cars but this felt next level. That power, with such little weight and the torque. Really liked the interior too.

That being said, I left there still unsure, thinking this has gone from a backrunner to having a real shot, but still unsure. I couldn't get the noise of the Huracan and 458 out of my head. I spent the next couple of days swinging one way to the other, to the point it was starting to really p!ss me off. I made it worse by finding a perfect spec 458 in my budget. But every time I thought I made a decision I remembered something about one of the others. I had another trip to Bristol planned so thought I'd pop in to the Mclaren dealer again. Here they played a blinder. As I drove down the road past the main showroom, I looked over and caught a quick glance of a gorgeous Mclaren sat out front, as I then turned into their car park it was there in front of me, for that split section I was like wow, that's stunning, just then realised it was the car I was considering. They'd pulled it out front to greet me. Hard to explain but it helped me see it from a different perspective, it looked so good out there in a car park, on it's own. And that was it, I got the butterflies in my stomach that I had been looking for. Desposit down and hoping to collect by the end of the month. They agreed to take my V8 Ftype in as a p/x, which I plan to do. But I'm going to see if I can sell it privately first, at a very cheap price but slightly more than they are offering. So once that's gone I can arrange collection!! Can't wait!! And another plus, Rybrook have been fantastic, really instilled confidence in me that they would support and help me, something that was/is very important to me when I feel like I'm taking a little leap of faith here.

So, here is the car. I negotiated a price I was happy with along with an additional year's warranty, so got 2 in total. It's also going to be serviced and have its first MOT.

https://www.autotrader.co.uk/classified/advert/201...

Edited by AstonExige on Thursday 12th March 17:54
Well done ! nice to see someone with the BALLS to get on with buying a super car during all this doom and gloom , while others are wittering on about how the virus is going to effect the market and we will all be selling our cars for a bag of sweets , YOU will be driving round with the biggest SMILE on your face ! tongue out

rat rod

4,997 posts

66 months

Sunday 15th March 2020
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Nice to see you Mclaren boys are a positive bunch,half glass full, lots of congratulations unlike most Ferrari and sometimes Lamborghini threads being a depressing half glass empty. i have both Ferrari and Lambo and have done for years but maybe it,s time to look elsewhere ,looks like i might have more fun with you guys,

RBT0

1,476 posts

120 months

Sunday 15th March 2020
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rat rod said:
Nice to see you Mclaren boys are a positive bunch,half glass full, lots of congratulations unlike most Ferrari and sometimes Lamborghini threads being a depressing half glass empty. i have both Ferrari and Lambo and have done for years but maybe it,s time to look elsewhere ,looks like i might have more fun with you guys,
Just for my benefit, why are Ferrari and Lamborghini discussions depressing?

rat rod

4,997 posts

66 months

Sunday 15th March 2020
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RBT0 said:
rat rod said:
Nice to see you Mclaren boys are a positive bunch,half glass full, lots of congratulations unlike most Ferrari and sometimes Lamborghini threads being a depressing half glass empty. i have both Ferrari and Lambo and have done for years but maybe it,s time to look elsewhere ,looks like i might have more fun with you guys,
Just for my benefit, why are Ferrari and Lamborghini discussions depressing?
Havn't a clue,i'd say this might apply to Ferrari more than Lambo perhaps it's the age group i'm nearer 70 than 60 or the fact that both Ferrari's and Lambo's are now depreciating like any other car bar some of the classic ones, most threads seem to be more interested in how much money they are going to loose if the next drive takes the speedo reading over from 9k to 10k god forbid, i purchased a 308 gtb with 125k and sold it with 165k ,at that mileage it lost it's value some time ago so you can just get on and enjoy it,

PistonGuy66

769 posts

54 months

Sunday 15th March 2020
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Brads67 said:
Thought you had bought a watch when I saw the title.
HaHaHa
He got the call

jamieo

180 posts

213 months

Sunday 15th March 2020
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Congrats, am sure you’ll enjoy it. Join Mc owners club, lot of support, useful info and friendly bunch. Really adds to ownership experience.

MPC09

158 posts

139 months

Sunday 15th March 2020
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Interesting you went with the 570 given you concerns regarding residuals on the Huracan.

REGARDLESS; congratulations. Never mind the ££, if you can afford it - go and enjoy it. Lovely looking thing and the extra warranty is a win biggrin

TTmonkey

20,911 posts

248 months

Sunday 15th March 2020
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MPC09 said:
Interesting you went with the 570 given you concerns regarding residuals on the Huracan.

REGARDLESS; congratulations. Never mind the ££, if you can afford it - go and enjoy it. Lovely looking thing and the extra warranty is a win biggrin
I was going to ask, is the Mc better on residuals that a Huracan?

AstonExige

Original Poster:

661 posts

108 months

Sunday 15th March 2020
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TTmonkey said:
I was going to ask, is the Mc better on residuals that a Huracan?
Who knows, balance of risk and just opinions really. First of all it comes down to basic maths. 20% depreciation will cost more on a £130k Huracan than a £85k McLaren. In fact 50% more!

The rest of it came down to a lot of research. I concluded that what seemed to be the main reasons for the plummet in value of used McLarens, was no longer evident. So the drop was unnatural and therefore, in theory, the demand vs supply ratio will improve and the drop in value will stabilise, the depreciation curve start to level out. I would also expect that the 570s is not far off the level you would expect it to plateau at. The £130k Huracan's are base models and I think on a natural decline that will continue, particularly as Performante's have dropped so far.

Anyway, its all crystal ball stuff, who knows how it will go, lots of factors that can come into play. My decision wasn't just driven buy expected depreciation, in fact most of it come down to the fact that they are a lot better value, look great and drive even better. Then all the reviews online are so good. That I didn't expect! (well until I drove one and felt just how good they are) Honestly, if you haven't seen the reviews on Youtube of the 570s, watch them! You'll wonder yourself why these cars aren't twice the price!

12pack

1,547 posts

169 months

Monday 16th March 2020
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AstonExige said:
Who knows, balance of risk and just opinions really. First of all it comes down to basic maths. 20% depreciation will cost more on a £130k Huracan than a £85k McLaren. In fact 50% more!

The rest of it came down to a lot of research. I concluded that what seemed to be the main reasons for the plummet in value of used McLarens, was no longer evident. So the drop was unnatural and therefore, in theory, the demand vs supply ratio will improve and the drop in value will stabilise, the depreciation curve start to level out. I would also expect that the 570s is not far off the level you would expect it to plateau at. The £130k Huracan's are base models and I think on a natural decline that will continue, particularly as Performante's have dropped so far.

Anyway, its all crystal ball stuff, who knows how it will go, lots of factors that can come into play. My decision wasn't just driven buy expected depreciation, in fact most of it come down to the fact that they are a lot better value, look great and drive even better. Then all the reviews online are so good. That I didn't expect! (well until I drove one and felt just how good they are) Honestly, if you haven't seen the reviews on Youtube of the 570s, watch them! You'll wonder yourself why these cars aren't twice the price!
The question is - what do you “value” more - the residuals or the drive?
It’s only a debate if it’s residuals.

RSbandit

2,615 posts

133 months

Monday 16th March 2020
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Indeed they are so good dynamically that nothing in the £85-90k area comes close, and the doors make me grin every time I get in and out of the car....and no bad feedback general public love it.

MPC09

158 posts

139 months

Tuesday 17th March 2020
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AstonExige said:
TTmonkey said:
I was going to ask, is the Mc better on residuals that a Huracan?
Who knows, balance of risk and just opinions really. First of all it comes down to basic maths. 20% depreciation will cost more on a £130k Huracan than a £85k McLaren. In fact 50% more!

The rest of it came down to a lot of research. I concluded that what seemed to be the main reasons for the plummet in value of used McLarens, was no longer evident. So the drop was unnatural and therefore, in theory, the demand vs supply ratio will improve and the drop in value will stabilise, the depreciation curve start to level out. I would also expect that the 570s is not far off the level you would expect it to plateau at. The £130k Huracan's are base models and I think on a natural decline that will continue, particularly as Performante's have dropped so far.

Anyway, its all crystal ball stuff, who knows how it will go, lots of factors that can come into play. My decision wasn't just driven buy expected depreciation, in fact most of it come down to the fact that they are a lot better value, look great and drive even better. Then all the reviews online are so good. That I didn't expect! (well until I drove one and felt just how good they are) Honestly, if you haven't seen the reviews on Youtube of the 570s, watch them! You'll wonder yourself why these cars aren't twice the price!
Sound reasoning. As you say; you're already £45k 'better off' vs. the Lambo and I don't know if the Lambo is materially £45k better than the 570.

Enjoy. More pics when you get a chance thumbup