570s - used depreciation
Discussion
...and here I am posting from the position of owning one on a finance deal close to what I said.
Anyway, tired of all this.
OP as someone else has pointed out there was a 400% increase in 600LT registrations at the start of 2020, people didn't suddenly decide to buy them all brand new, they were enticed with very good deals.
This, coupled with newer models will impact the price of a 570s.
Anyway, tired of all this.
OP as someone else has pointed out there was a 400% increase in 600LT registrations at the start of 2020, people didn't suddenly decide to buy them all brand new, they were enticed with very good deals.
This, coupled with newer models will impact the price of a 570s.
GT Two said:
I had someone view my 12c around 3 years ago and he was worried about deprecation and getting a good deal rather than buying the right car and enjoying the experience.
He messaged me about my 570 recently, still looking for a car. I wonder how many hours he has spent messaging people and looking at cars, dreaming about ownership but worried about what it would cost. Meanwhile I have put 11k miles on my car, everyone of them with a smile.
There is almost always a cost to an enjoyable experience. Im sure that there will always be a reason to hang on and wait for the next model that may fall into price range.
I would agree with this entirely. Buy it, drive it enjoy it! It's more than likely going to cost you money over your ownership but they are the facts that you have to live with. It is something that amuses me to be honest. There seem to be people always looking for the non depreciating car which is a pretty hard task in reality. There are far worse things to buy, at least you have something to return to cash in the end if needed unlike holidays, drugs, alcohol and I'm sure others!! He messaged me about my 570 recently, still looking for a car. I wonder how many hours he has spent messaging people and looking at cars, dreaming about ownership but worried about what it would cost. Meanwhile I have put 11k miles on my car, everyone of them with a smile.
There is almost always a cost to an enjoyable experience. Im sure that there will always be a reason to hang on and wait for the next model that may fall into price range.
petjam said:
...and here I am posting from the position of owning one on a finance deal close to what I said.
Anyway, tired of all this.
OP as someone else has pointed out there was a 400% increase in 600LT registrations at the start of 2020, people didn't suddenly decide to buy them all brand new, they were enticed with very good deals.
This, coupled with newer models will impact the price of a 570s.
12c prices seem to holding firm, maybe at the bottom of their depreciation curve, despite newew models, so cant see 570s going lower than them in my view, which will also reflect how low 600lt's go.Anyway, tired of all this.
OP as someone else has pointed out there was a 400% increase in 600LT registrations at the start of 2020, people didn't suddenly decide to buy them all brand new, they were enticed with very good deals.
This, coupled with newer models will impact the price of a 570s.
My advice, don't listen to anyone on here when it comes to predicting depreciation. All this stuff being spouted on here was spouted to me when I was looking for a 570 about a year ago, so much so I bottled it and pulled my deposit. A year later, they hadn't lost 30% of their value, in fact, they've gone up!
Look at how much traffic there is on this Mclaren section of Pistonhead now? More than any other Supercar brand. Demand / interest in these cars is increasing. Is that going to continue? Who the f**k knows. How much impact on value? Crystal ball anyone?
My advice, if you want one, just buy it, its a heart decision not a head Otherwise you would be putting your money in property). You're not going to lose 30% in a year, but if you can still put food on the table if you did, just buy it. Enjoy the miles, the time, the experience. My gut tells me at the end of a year you'd have lost 10% at worst and may even break even.
Look at how much traffic there is on this Mclaren section of Pistonhead now? More than any other Supercar brand. Demand / interest in these cars is increasing. Is that going to continue? Who the f**k knows. How much impact on value? Crystal ball anyone?
My advice, if you want one, just buy it, its a heart decision not a head Otherwise you would be putting your money in property). You're not going to lose 30% in a year, but if you can still put food on the table if you did, just buy it. Enjoy the miles, the time, the experience. My gut tells me at the end of a year you'd have lost 10% at worst and may even break even.
AstonExige720 and Smoothound - Very much agreed.
Ive lost a decent wedge on mine as I bought second hand and nearly 130k and spent £15k plus making it how I want it Thats not including warranty and servicing.
Its probably worth just under 100k to the right buyer.
I have had a blast in it though for 11k miles. Not sure how I have done that many as I didn't even get a Euro trip in last year!
I drive it at any opportunity and did a lot of drives across Surrey, Sussex and Kent last year. Would I go back and have the full money back in my pocket without the experience. Nope.
Ive lost a decent wedge on mine as I bought second hand and nearly 130k and spent £15k plus making it how I want it
Thats not including warranty and servicing.Its probably worth just under 100k to the right buyer.
I have had a blast in it though for 11k miles. Not sure how I have done that many as I didn't even get a Euro trip in last year!
I drive it at any opportunity and did a lot of drives across Surrey, Sussex and Kent last year. Would I go back and have the full money back in my pocket without the experience. Nope.
petjam said:
Would have to disagree, would love to see how you came to that opinion.
From my own finance documents on a brand new spider: -
Total amount of credit £170k
15k deposit
£1,071.11 per month for 24 months
6,000 miles per year
I didn't get the 10k deposit deal, I was offered it but thought about it for a couple of months. Plenty of people here talking about the £10k deal (also two in my supercar club) but I guess they are talking rubbish too!
My 600LTS deal was very similar From my own finance documents on a brand new spider: -
Total amount of credit £170k
15k deposit
£1,071.11 per month for 24 months
6,000 miles per year
I didn't get the 10k deposit deal, I was offered it but thought about it for a couple of months. Plenty of people here talking about the £10k deal (also two in my supercar club) but I guess they are talking rubbish too!
165k credit
21k deposit
900 per month
8k miles per year
Balloon is 170k.. I think it will be worth at least 55k less than that
petjam said:
Yes, £10k down, £1k per month, GFV £167k, 6k miles per year and you only have to pay for 1 service!
I think there were better ones than that too. Someone on here posted that his was £10k down and only £900 per month.
Can I ask how you only need one service, I thought servicing was an annual requirement?I think there were better ones than that too. Someone on here posted that his was £10k down and only £900 per month.
petjam said:
...and here I am posting from the position of owning one on a finance deal close to what I said.
OP as someone else has pointed out there was a 400% increase in 600LT registrations at the start of 2020, people didn't suddenly decide to buy them all brand new, they were enticed with very good deals.
The only reason I bought one..OP as someone else has pointed out there was a 400% increase in 600LT registrations at the start of 2020, people didn't suddenly decide to buy them all brand new, they were enticed with very good deals.
The depreciation on most McLarens from new is eye watering and a large portion of folks who bought a 12c or 650s did so without finance.
Not pleasant but many accepted the depreciation as the foible of owning and driving real Supercars
With the advent of low finance deals and McLaren depreciation far more folks have had the ability to consider purchasing one particularly with the advent of the Sport Series.
This has led to far more price conscious folks coming onboard and voicing their opinions on Mclarens on PH.
Most long term and multiple owning McLaren owners do not show up here. Their opinion is in my opinion far more valid than non owners who have a mate or someone down the pub who once owned one.
Gauging opinion from PH posters is always going to be fraught with danger as far too many anti Mac trollers out there as proved on numerous occasions.
My Apologies to genuine Mac owners who provide a valuable insight to potential ownership and those genuinely looking to buy.
No one can accurately predict the depreciation or appreciation of a McLaren over the next 12 months or so, that is a fact !!
Not pleasant but many accepted the depreciation as the foible of owning and driving real Supercars
With the advent of low finance deals and McLaren depreciation far more folks have had the ability to consider purchasing one particularly with the advent of the Sport Series.
This has led to far more price conscious folks coming onboard and voicing their opinions on Mclarens on PH.
Most long term and multiple owning McLaren owners do not show up here. Their opinion is in my opinion far more valid than non owners who have a mate or someone down the pub who once owned one.
Gauging opinion from PH posters is always going to be fraught with danger as far too many anti Mac trollers out there as proved on numerous occasions.
My Apologies to genuine Mac owners who provide a valuable insight to potential ownership and those genuinely looking to buy.
No one can accurately predict the depreciation or appreciation of a McLaren over the next 12 months or so, that is a fact !!
Edited by Rocketreid on Wednesday 24th February 07:49
Edited by Rocketreid on Wednesday 24th February 07:49
Rocketreid said:
The depreciation on most McLarens from new is eye watering and a large portion of folks who bought a 12c or 650s did so without finance.
Not pleasant but many accepted the depreciation as the foible of owning and driving real Supercars
With the advent of low finance deals and McLaren depreciation far more folks have had the ability to consider purchasing one particularly with the advent of the Sport Series.
This has led to far more price conscious folks coming onboard and voicing their opinions on Mclarens on PH.
Most long term and multiple owning McLaren owners do not show up here. Their opinion is in my opinion far more valid than non owners who have a mate or someone down the pub who once owned one.
Gauging opinion from PH posters is always going to be fraught with danger as far too many anti Mac trollers out there as proved on numerous occasions.
My Apologies to genuine Mac owners who provide a valuable insight to potential ownership and those genuinely looking to buy.
No one can accurately predict the depreciation or appreciation of a McLaren over the next 12 months or so, that is a fact !!
Going through the 3 pages of this thread so far, it appears to me almost every poster with the exception of one has a McLaren or have had one for a decent period of time; some on their 2nd or third.Not pleasant but many accepted the depreciation as the foible of owning and driving real Supercars
With the advent of low finance deals and McLaren depreciation far more folks have had the ability to consider purchasing one particularly with the advent of the Sport Series.
This has led to far more price conscious folks coming onboard and voicing their opinions on Mclarens on PH.
Most long term and multiple owning McLaren owners do not show up here. Their opinion is in my opinion far more valid than non owners who have a mate or someone down the pub who once owned one.
Gauging opinion from PH posters is always going to be fraught with danger as far too many anti Mac trollers out there as proved on numerous occasions.
My Apologies to genuine Mac owners who provide a valuable insight to potential ownership and those genuinely looking to buy.
No one can accurately predict the depreciation or appreciation of a McLaren over the next 12 months or so, that is a fact !!
Edited by Rocketreid on Wednesday 24th February 07:49
Edited by Rocketreid on Wednesday 24th February 07:49
One of the few threads not been jumped on by the usual clowns.
Its quite simple; buy new and you shall take a serious hit; it is the same across the board now and not unique to McLaren.
At 3+ years old, most are at a much slower depreciation curve, with the brucey bonus you can stick a warranty on that is almost bulletproof.
For many, thats probably the most palatable ownership route.
That was the route I took as 'toe in the water' to McLaren ownership due to posts on here with horror stories of losing your shirt and being crap.
Turns out it was the best sports car I have ever owned and over 21 months shed £5.5k in value; servicing and warranty are part of the parcel so not included in that figure.
Good enough for me to be getting back into another one.
Great to see so many enhusiastic new posters on here buying a McLaren and contributing.
petjam said:
...and here I am posting from the position of owning one on a finance deal close to what I said.
Anyway, tired of all this.
OP as someone else has pointed out there was a 400% increase in 600LT registrations at the start of 2020, people didn't suddenly decide to buy them all brand new, they were enticed with very good deals.
This, coupled with newer models will impact the price of a 570s.
400% increase in LT registrations is slightly misleading, the overall numbers are still quite low and of those not all are on the 2 year deal, so the actual number is not as big as saying 400% would make it seem. If McLaren do drip feed these back on to the market having learned their lessons from before as well as keep the price and supply of the Artura as they have said, then the impact on prices of the 570S will be less. Anyway, tired of all this.
OP as someone else has pointed out there was a 400% increase in 600LT registrations at the start of 2020, people didn't suddenly decide to buy them all brand new, they were enticed with very good deals.
This, coupled with newer models will impact the price of a 570s.
I think the price they are at now still represent amazing value and if the OP buys smart - the right spec, miles, price etc then I doubt the depreciation will be as bad as all like to make out. Like I said, when I bought my 570S everyone was telling me it would be worth £70k/£75k by now and they are sitting comfortable at £90k-£100k.
Even if LT's are priced at £120k - £130k in a years time, there will still be those that cannot afford them, but can afford £90k-£100k for a 570S Spyder and for them that is still an amazing and exotic car to get in to. Prices will of course drop as they do on almost everything nowadays, bar a Porsche GT product perhaps, but I really don't think they will drop by the huge numbers everyone loves to scaremonger over.
Obafemi09 said:
petjam said:
...and here I am posting from the position of owning one on a finance deal close to what I said.
Anyway, tired of all this.
OP as someone else has pointed out there was a 400% increase in 600LT registrations at the start of 2020, people didn't suddenly decide to buy them all brand new, they were enticed with very good deals.
This, coupled with newer models will impact the price of a 570s.
400% increase in LT registrations is slightly misleading, the overall numbers are still quite low and of those not all are on the 2 year deal, so the actual number is not as big as saying 400% would make it seem. If McLaren do drip feed these back on to the market having learned their lessons from before as well as keep the price and supply of the Artura as they have said, then the impact on prices of the 570S will be less. Anyway, tired of all this.
OP as someone else has pointed out there was a 400% increase in 600LT registrations at the start of 2020, people didn't suddenly decide to buy them all brand new, they were enticed with very good deals.
This, coupled with newer models will impact the price of a 570s.
I think the price they are at now still represent amazing value and if the OP buys smart - the right spec, miles, price etc then I doubt the depreciation will be as bad as all like to make out. Like I said, when I bought my 570S everyone was telling me it would be worth £70k/£75k by now and they are sitting comfortable at £90k-£100k.
Even if LT's are priced at £120k - £130k in a years time, there will still be those that cannot afford them, but can afford £90k-£100k for a 570S Spyder and for them that is still an amazing and exotic car to get in to. Prices will of course drop as they do on almost everything nowadays, bar a Porsche GT product perhaps, but I really don't think they will drop by the huge numbers everyone loves to scaremonger over.
5050 said:
The only reason I bought one..
Same here, similar price to a top spec AMG or RS.McLaren also have the problem of the new model. They need people to buy that but with all this stock coming onto the market with next to no mileage how are they going to divert attention to it? The only way is through more new car deals and thus the cycle continues.
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