Bought a 720s! My 1st "supercar" Wish me luck!!
Discussion
Rchamps said:
Really enjoyed reading this thread. Has got me contemplating hard whether to make the jump into one of these cars, particularly considering that the value of them is so impressive. I've seen cars at £130,000 now, but my head is still telling me not to jump as, like OP, I'm not a millionaire and am massively concerned about depreciation and running costs... On the other hand, life is short and it's only money, right??!!
How about dipping your toes in the water with a 650s then? £90k for a very good one.Rchamps said:
Really enjoyed reading this thread. Has got me contemplating hard whether to make the jump into one of these cars, particularly considering that the value of them is so impressive. I've seen cars at £130,000 now, but my head is still telling me not to jump as, like OP, I'm not a millionaire and am massively concerned about depreciation and running costs... On the other hand, life is short and it's only money, right??!!
I am in the same boat boat really, comfortable but nowhere near a millionaire by a long shot! I really wanted a 12C or 650S or even a 720 but common sense took over and I dipped my toes in with a 540C and my logic was it's a simpler car should I decide to self warranty and by buying a newer car I had the advantage of the original manufacturers warranty to start and could go from there. This was fortunate as I have had a couple of issues which have been and are being sorted under the warranty. The car is great to drive even with ordinary suspension and a massive step up from the Cayman I had before 
I still really would like one with "proper" Mclaren suspension but so far I've been sensible and stuck with the plan
Kent Border Kenny said:
How about dipping your toes in the water with a 650s then? £90k for a very good one.
Good call, nothing worse than owning a car where you're constantly worrying about mileage/costs/depreciation. 650S are great cars with the full McLaren suspension experience and on road performance to mirror the 720S for a lot less outlay.Crazy4557 said:
Kent Border Kenny said:
How about dipping your toes in the water with a 650s then? £90k for a very good one.
Good call, nothing worse than owning a car where you're constantly worrying about mileage/costs/depreciation. 650S are great cars with the full McLaren suspension experience and on road performance to mirror the 720S for a lot less outlay.
I actually started off looking for a 650s, but when you factored in the £400 per month you'd have to spend on one for a warranty, I used some man maths to use that £400 per month to go on finance and stretch my budget to a 720s from a McDealer with 2yrs warranty included. Don't want to go into the finance details but bottom line I ended up with a £145k 720s costing just a very small amount more than the £100k 650s would have cost me. And the 720s come with the added support / peace of mind of coming from a McDealer.
If I’d wanted a coupe I might have gone the same way but a 720 Spider was going to be £200,000, so I didn’t.
I think that the 650 spider will cost well under £10,000 per year to own compared to £20k for the 720 coupe, and £40k for the 720 Spider, so I’m happy to have gone with the 650.
I think that the 650 spider will cost well under £10,000 per year to own compared to £20k for the 720 coupe, and £40k for the 720 Spider, so I’m happy to have gone with the 650.
Kent Border Kenny said:
I think that the 650 spider will cost well under £10,000 per year to own compared to £20k for the 720 coupe, and £40k for the 720 Spider, so I’m happy to have gone with the 650.
How did you calculate those figures? Assume that is mainly depreciation? If so the 720 coupe figures are going to vary greatly dependant on the age of the 720 you bought. I don’t see 2/3 year old 720’s dropping much at all right now. Sure, a nearly new one is likely to drop quite a bit. The main issue here is whether folks who have £90 - £140K available to buy a McLaren should be considering one in the first place
McLarens are real Supercars unlike owning a Porsche for example. Many parts are made of more exotic materials Carbon etc !
However at this price point they attract in potential R8 and 911 purchasers which while not good for those who have shelled our almost list price it is good for some buyers.
A 720S would have been at least £230k and a 570s £170k new with a decent spec but they are not a 911 Carrera on running costs. The 720S has Hypercar performance at Supercar prices !
The performance of any McLaren is above any other Supercar and all Sportscars, so it stands to reason that it’s consumables will be more far expensive ( £15-18k for a set of brakes all round ) . Tyres are very reasonable though.
Folks need to factor in they are not buying an M5, 911 or R8 but a Mac and because of excessive depreciation the Mac becomes a purchase possibility for more folks.
I do though believe that most Macs are far more useable and robust than any other Supercar and not as expensive to run than some Sportscars.
Mac purchase is not as big a risk as some opinions suggest and with the firming up of prices recently quite possibly a better option than other marques. You get a huge amount of performance, technology and kudos but it’s still a Supercar with all the foibles that go with it.
McLarens are real Supercars unlike owning a Porsche for example. Many parts are made of more exotic materials Carbon etc !
However at this price point they attract in potential R8 and 911 purchasers which while not good for those who have shelled our almost list price it is good for some buyers.
A 720S would have been at least £230k and a 570s £170k new with a decent spec but they are not a 911 Carrera on running costs. The 720S has Hypercar performance at Supercar prices !
The performance of any McLaren is above any other Supercar and all Sportscars, so it stands to reason that it’s consumables will be more far expensive ( £15-18k for a set of brakes all round ) . Tyres are very reasonable though.
Folks need to factor in they are not buying an M5, 911 or R8 but a Mac and because of excessive depreciation the Mac becomes a purchase possibility for more folks.
I do though believe that most Macs are far more useable and robust than any other Supercar and not as expensive to run than some Sportscars.
Mac purchase is not as big a risk as some opinions suggest and with the firming up of prices recently quite possibly a better option than other marques. You get a huge amount of performance, technology and kudos but it’s still a Supercar with all the foibles that go with it.
AstonExige720 said:
How did you calculate those figures? Assume that is mainly depreciation? If so the 720 coupe figures are going to vary greatly dependant on the age of the 720 you bought. I don’t see 2/3 year old 720’s dropping much at all right now. Sure, a nearly new one is likely to drop quite a bit.
I think that at five years old they’ll be in the mid 90s, a little more than a five year-old 650s is, and a moderate amount more than a five year-old MP4.I can’t see any reason that they’ll bottom out at much more, it’s not as though McLaren are starting to limit production.
My car was five years old, in as-new condition, with 9,000 miles on the clock and I bought it for a price starting with an eight.
Rocketreid said:
The main issue here is whether folks who have £90 - £140K available to buy a McLaren should be considering one in the first place.
I’m not sure what you mean by that. That’s the amount that they go for, so if someone’s got that amount as a budget why wouldn’t they buy one?The McLaren warranty covers everything, and the insurance covers the cost if you wrap it round a tree so there’s really no reason not to buy one if someone fancies it.
It’s not as though they are difficult or complex to drive.
MAC 720S said:
Crazy4557 said:
Kent Border Kenny said:
How about dipping your toes in the water with a 650s then? £90k for a very good one.
Good call, nothing worse than owning a car where you're constantly worrying about mileage/costs/depreciation. 650S are great cars with the full McLaren suspension experience and on road performance to mirror the 720S for a lot less outlay.Kent Border Kenny said:
I think that at five years old they’ll be in the mid 90s, a little more than a five year-old 650s is, and a moderate amount more than a five year-old MP4.
I can’t see any reason that they’ll bottom out at much more, it’s not as though McLaren are starting to limit production.
My car was five years old, in as-new condition, with 9,000 miles on the clock and I bought it for a price starting with an eight.
McLaren have been limiting production for the majority of 2020 and no sign that this will change in 2021.I can’t see any reason that they’ll bottom out at much more, it’s not as though McLaren are starting to limit production.
My car was five years old, in as-new condition, with 9,000 miles on the clock and I bought it for a price starting with an eight.
Kent Border Kenny said:
I’m not sure what you mean by that. That’s the amount that they go for, so if someone’s got that amount as a budget why wouldn’t they buy one?
The McLaren warranty covers everything, and the insurance covers the cost if you wrap it round a tree so there’s really no reason not to buy one if someone fancies it.
It’s not as though they are difficult or complex to drive.
Actually Mclaren warranty doesn’t cover everything and the extended warranty covers even less The McLaren warranty covers everything, and the insurance covers the cost if you wrap it round a tree so there’s really no reason not to buy one if someone fancies it.
It’s not as though they are difficult or complex to drive.
But in any event a McLaren Supercar is likely to be more expensive to run than Sportscars at £90-140k. So for those contemplating a purchase this needs to be factored in as Supercar parts are expensive.
I ran a 570s and now a 720S which hasn’t really cost me anymore than a BMW but it could have and there is a need to budget accordingly
Edited by Rocketreid on Thursday 31st December 19:00
Kent Border Kenny said:
AstonExige720 said:
How did you calculate those figures? Assume that is mainly depreciation? If so the 720 coupe figures are going to vary greatly dependant on the age of the 720 you bought. I don’t see 2/3 year old 720’s dropping much at all right now. Sure, a nearly new one is likely to drop quite a bit.
I think that at five years old they’ll be in the mid 90s, a little more than a five year-old 650s is, and a moderate amount more than a five year-old MP4.I can’t see any reason that they’ll bottom out at much more, it’s not as though McLaren are starting to limit production.
I can’t see that to be honest.
Rocketreid said:
McLaren have been limiting production for the majority of 2020 and no sign that this will change in 2021.
I've heard that engine production goes up from 1 shift to 2 shifts in the New Year assuming the builder can get enough staff to operate 2 shifts. Not sure what the engine count per shift will be though but I'd guess 7 or 8 to start...AstonExige720 said:
So you’re saying that a 720s at around £140k now will be around £95k in less than 18months? (720s will be 5yrs old in May 22)
I can’t see that to be honest.
I think they’re already trading in the trade around 100-115k I can’t see that to be honest.
I remember the 720 that sold on collecting cars for about 120 so yeah in about 18 month to 24 month I’d believe they could be at 105-110 tbh
ghost83 said:
I think they’re already trading in the trade around 100-115k
I remember the 720 that sold on collecting cars for about 120 so yeah in about 18 month to 24 month I’d believe they could be at 105-110 tbh
I remember the 720 that sold on collecting cars for about 120 so yeah in about 18 month to 24 month I’d believe they could be at 105-110 tbh
The 720s that sold on Collecting cars back in April/May went for £124,500 + £6,000 and needed a full service so circa £132,000.
Trade values for early models from 2017 are in region of £110,000 - £125,000 trade in, 2018’s are at £125,000 - £140,000
Edited by Rocketreid on Thursday 31st December 21:09
Rocketreid said:
McLaren have been limiting production for the majority of 2020 and no sign that this will change in 2021.
I don’t understand that to be the case, where are you getting that? When I bought my 650 a couple of months back the dealer was keen to get me into a new 720 and there was no question of waiting.AstonExige720 said:
So you’re saying that a 720s at around £140k now will be around £95k in less than 18months? (720s will be 5yrs old in May 22)
I can’t see that to be honest.
If you look at my first post I said £20k per year on the coupe and £40k on the spider. How much do you thing a £140k coupe will be worth in two years? Are you confident you’ll be able to sell it for over £100k? That seems very optimistic to me.I can’t see that to be honest.
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