2019 600LT Sells for £131,500 on Collecting Cars
Discussion
IMI A said:
These have GFV of £180k on recent pre lockdown deals. £10k deposit down. £1500 per month for 24 months.
I still think that’s cheaper than buying that car which in another 12 months is £90k according to Mcl sales guy when friend pushed him the what real GFV should be after 12 months. Much cheaper to buy new
They have a GFV of £140k on that deal.I still think that’s cheaper than buying that car which in another 12 months is £90k according to Mcl sales guy when friend pushed him the what real GFV should be after 12 months. Much cheaper to buy new
That CC car was less than £9k off a recently sold car from a dealer with a few less miles so not tragic for an auction in the current situation we're in. We all know the extra'as fitted from new mean sod all at sale time, they only serve to make a car more desirable to buy.
Crazy4557 said:
IMI A said:
These have GFV of £180k on recent pre lockdown deals. £10k deposit down. £1500 per month for 24 months.
I still think that’s cheaper than buying that car which in another 12 months is £90k according to Mcl sales guy when friend pushed him the what real GFV should be after 12 months. Much cheaper to buy new
They have a GFV of £140k on that deal.I still think that’s cheaper than buying that car which in another 12 months is £90k according to Mcl sales guy when friend pushed him the what real GFV should be after 12 months. Much cheaper to buy new
That CC car was less than £9k off a recently sold car from a dealer with a few less miles so not tragic for an auction in the current situation we're in. We all know the extra'as fitted from new mean sod all at sale time, they only serve to make a car more desirable to buy.
_Leg_ said:
ferdi p said:
_Leg_ said:
I think not twinkle. Special edition so Speciale or Pista is the comparison model and they aint going for anything like this kinda money. Much earlier 25k miles 458s are going for the same money never mind a base 488 that's more money with 16k miles on.
He said 'another' so I'm assuming he was referring to the 720s too...1st time I've been called Twinkle, love it
t twinkle. You added Ferrari. At least stand by your posts. Doh.Edited by _Leg_ on Saturday 2nd May 01:40
The Superfast sold for around £50k less than a dealers price, the F12 didn't fare much better.
There are currently over 22 delivery mileage Pistas sitting on dealer forecourts desperate to find an owner.
A shedload more sitting under a cover in garages of speculative buyers.
Put one of them on this site and do you genuinely think it would do strong money?
It would be reflective of how everything else is doing.
If you feel that is wrong and get all upset about it enough to start calling people names, at some point you really need to watch the news or read a newspaper.
Just another clear cut example of a car that in no way shape or form should of had and invoice price of £350k+.
Porsche were probably the only manufacturers whom kept the price realistic, but the trade off being they are 'magnolia'.
I called the prices of the McLarens pretty near, and feel as though a Pista would do £280k. Tops.
AndrewD said:
Arguing which brand loses least value is like arguing that your favourite deck chair will end up in the water last as the Titanic sank.
- made me smile that.Whilst this uncertainty prevails it's anyone's guess where our car values will end up and there is much more to concern most folks.
_Leg_ said:
Bullst twinkle. You added Ferrari. At least stand by your posts. Doh.
I'll explain as I fear leg was legless last night & failed to grasp, now pay attention & try to respond without an insult...t twinkle. You added Ferrari. At least stand by your posts. Doh.Edited by _Leg_ on Saturday 2nd May 01:40
Ghost said:
"Looks like 20-30k under other advertised prices! Again another blow for mclaren in the last few days"
What other car was he referring to? Could it be the 720s that CC sold in the past few days?
The point I was making is that both McLaren & Ferrari have taken a beating at the hands of CC.
Now Leg, go tax one of your Ferrari's, take it for a drive & don't be too upset that Twinkle had to explain this to you...
IMI A said:
And he has certainty that he can simply hand the car back end of term. My own view is finance co will offer these 24 month PCP 600LTs for £90k at end of contract term to existing owners rather than £180k. Would seem sensible if they really are only worth half the GFV in reality as we move towards a new dystopian norm.
But hold on someone has got to pick up that 90k shortfall on the GFV,technically the finance company who will have earned about 2 BOB out of the whole dealI would be pretty sure it could be the manufactuer who will have underwritten the GFV's with the finance co,maybe,maybe not
You could almost start to look at this as some sort of financial fraud IMO.
Companies who are supposed to be experts in the field in which they operate have valued and conducted finance deals valuing items at a future value far and beyond what they knew and were aware the item would truly be worth in the future
These ridiculous GFV values are not just because of Coronavirus because as people have already said, they have bought new discounted cars recently for amounts already below the two year GFV values
Also the vehicles had already fallen well below the GFV's even before the onset of the CV issue, so it can't just be attributed to CV,a time bomb was already ticking
This is all going to end up horribly messy and very messy for someone
I wonder what the FCA might have to say if a dispute were to arise as to whose responsibility it is?
Edited by Juno on Saturday 2nd May 11:48
IMI A said:
Eh brilliant for consumer?
Mcl are not going to report themselves to the FCA for losing money, taking the hit and protecting the customer who just walks away feeling a bit smug with his brill junior supercar deal.
No the customer could be a winner for sure if he wants to keep the car,the dispute would only arise if there is a difference of opinion between the finance house and manufacturer over the terms of the GFVMcl are not going to report themselves to the FCA for losing money, taking the hit and protecting the customer who just walks away feeling a bit smug with his brill junior supercar deal.
Lets not forget all the insurance policies that clearly cover business interruption that are not paying out at the moment,most probably because the insurers don't physically have the money not because the terms of the policy are not clear
The finance co will have to take the initial hit and claim the money back, that might not sit well
Then you ask the question, if the manufacturer is going to lose 90k on nearly every GFV deal written then what was the point of selling the car in the first place?
The deal that McLaren had on the Last 600Lt spiders was specific to a McLaren owned vehicles. That’s why they were able to offer such special deals on these cars, as they were all very Interesting specs, some parts bin specials some fantastic high specs, almost like they were using up un used parts that they were contracted to take from their suppliers.
So they gave a great deal which was quite clearly subsidised from the factory, every ones a winner they clear the decks and the customer gets an amazing drivers car at a known total cost over a two year period with a GFV at the end.
So they gave a great deal which was quite clearly subsidised from the factory, every ones a winner they clear the decks and the customer gets an amazing drivers car at a known total cost over a two year period with a GFV at the end.
Juno said:
Lets not forget all the insurance policies that clearly cover business interruption that are not paying out at the moment,most probably because the insurers don't physically have the money not because the terms of the policy are not clear
I think there is only one insurance company that potentially will have a hit from this. I cannot from memory remember who.Most insurers have these words written into their business interruption policy "denial of access - not insured"
Yep, I've got one of these 'parts bin specials', fabulous car so for me PCP rocks! Just try telling this mob that : https://www.pistonheads.com/gassing/topic.asp?h=0&...
NST said:
Even thou this is a mc forum, I was equally surprised at the 2018 812 super fast going for 205k.. which has a list of over 350k.. and merc gt s going for 40k.. big drops on supercars
You're not wrong,I wouldn't want to be a Ferrari dealer or any other high end car retailer when the doors start to open in a few weeks time,just imagine looking at the stock and trying to value it after the lockdown!Gassing Station | McLaren | Top of Page | What's New | My Stuff