720s - great value?
Discussion
RSbandit said:
Yeah I think they are just so much car for the money that they do find a bottom and sit, probably applies to all McLaren models unless the mileage is truly galactic. I doubt the 720s will ever be a sub £100k car.
There's a few at £120k, which from what I can see are 20-30k mile cars and in a 'low' spec.Problem is it’s takes a few quid to run any McLaren if you want warranty etc …tax, insurance and warranty for mine is £4500 pa. A 720s would be £6k I’d imagine given higher warranty costs. V engineering and Thorney make it more cost effective especially for older cars but still best not to run them on a shoestring.
RSbandit said:
Problem is it’s takes a few quid to run any McLaren if you want warranty etc …tax, insurance and warranty for mine is £4500 pa. A 720s would be £6k I’d imagine given higher warranty costs. V engineering and Thorney make it more cost effective especially for older cars but still best not to run them on a shoestring.
I can't see it being any more than my vanquish, warranty is the same cost, so is insurance and service. Frankychops said:
I can't see it being any more than my vanquish, warranty is the same cost, so is insurance and service.
Think the V12VS warranty I had was about £1800 but that’s going back a few yrs , is the Vanquish more expensive? 720S is £3500 if under 5 yrs and £4700 if over 5 yo I believe. Frankychops said:
There's a few at £120k, which from what I can see are 20-30k mile cars and in a 'low' spec.
Most in that price bracket are also lux spec cars with leather interiors rather than alcantara, they have always been bottom of the market. Great if you dont mind leather mind as they still drive the same.Streetbeat said:
Most in that price bracket are also lux spec cars with leather interiors rather than alcantara, they have always been bottom of the market. Great if you dont mind leather mind as they still drive the same.
They won't feel as 'special' to me. I'd like the p1 seats for a greater sense of theatre and drama. Same for having the titanium roll hoop.Whats so wrong with this 2020 car??
Its dropped on average £6k a month for last 6 months!
https://www.autotrader.co.uk/car-details/202307019...
Its dropped on average £6k a month for last 6 months!
https://www.autotrader.co.uk/car-details/202307019...
Atomw
e said:
e said: Whats so wrong with this 2020 car??
Its dropped on average £6k a month for last 6 months!
https://www.autotrader.co.uk/car-details/202307019...
That’s a nice car and have seen it in the flesh.Its dropped on average £6k a month for last 6 months!
https://www.autotrader.co.uk/car-details/202307019...
There is nothing wrong with it per se
But it’s a lux spec car which tend to be the least desirable
and there is no sports exhaust which needs to be factored in if you want one
The mileage is quite high too (some people prefer used cars for reliability) but as always with most cars it does tend to affect value
Mclaren Wilmslow drop it by £4,000 to £6,000 every couple of weeks on average as it was listed around £169,000 in summer.
If it doesn’t sell it’s likely to have another price drop at some point
It is, perhaps, too close to the performance track pack cars at the moment which is perhaps why it hasn’t sold
The salesmen have no power to negotiate other than to knock £1,000 off which is fair enough
So that’s probably why it hasn’t sold
datelessregistrations said:
That’s a nice car and have seen it in the flesh.
There is nothing wrong with it per se
But it’s a lux spec car which tend to be the least desirable
and there is no sports exhaust which needs to be factored in if you want one
The mileage is quite high too (some people prefer used cars for reliability) but as always with most cars it does tend to affect value
Mclaren Wilmslow drop it by £4,000 to £6,000 every couple of weeks on average as it was listed around £169,000 in summer.
If it doesn’t sell it’s likely to have another price drop at some point
It is, perhaps, too close to the performance track pack cars at the moment which is perhaps why it hasn’t sold
The salesmen have no power to negotiate other than to knock £1,000 off which is fair enough
So that’s probably why it hasn’t sold
What exactly is the difference in lux and track pack? is it whole different suspension/brake setup and seats etc? why so undesirable?There is nothing wrong with it per se
But it’s a lux spec car which tend to be the least desirable
and there is no sports exhaust which needs to be factored in if you want one
The mileage is quite high too (some people prefer used cars for reliability) but as always with most cars it does tend to affect value
Mclaren Wilmslow drop it by £4,000 to £6,000 every couple of weeks on average as it was listed around £169,000 in summer.
If it doesn’t sell it’s likely to have another price drop at some point
It is, perhaps, too close to the performance track pack cars at the moment which is perhaps why it hasn’t sold
The salesmen have no power to negotiate other than to knock £1,000 off which is fair enough
So that’s probably why it hasn’t sold
Not sure I could afford to track one tbh (brakes!) but could just about stomach 6-8k running costs PA.....
RSbandit said:
Yeah I think they are just so much car for the money that they do find a bottom and sit, probably applies to all McLaren models unless the mileage is truly galactic. I doubt the 720s will ever be a sub £100k car.
I remember discussing that exact same scenario and very similar numbers on a PH forum several years ago regarding the 12C, "12C will NEVER go under £100k". We all know they did but strangely good ones are on the up and now back to almost £100k. I sold my high spec 12C 6 years ago for £105k. I bet it would be £90k now. £15k in 6 years represents excellent value at £2,500 pa. Seems like 720s are at a similar point now, will go down more but will rebound again?Bispal said:
I remember discussing that exact same scenario and very similar numbers on a PH forum several years ago regarding the 12C, "12C will NEVER go under £100k". We all know they did but strangely good ones are on the up and now back to almost £100k. I sold my high spec 12C 6 years ago for £105k. I bet it would be £90k now. £15k in 6 years represents excellent value at £2,500 pa. Seems like 720s are at a similar point now, will go down more but will rebound again?
I looked into buying a 12c back in 2017/18, remember AB quoting he didn’t see the cars falling much below £100K, boy was he wrong, your bang on though,, prices for good examples are certainly on the up !! ( I bought a new GTR and lost a small fortune on that instead ,, lol,, )It's all gonna depend on how many 750S they end up churning out and how those will do from a residuals perspective imo. If they come down into the £220k sphere I can sort of see a 720S sitting at or around £110k or so. Thing is, there's some market below, and some market above - the 12Cs and such don't quite have a bottom "pad" so to speak.
720S won't fall below 650S, which won't fall below 12C. Sooooo.. there's the floor. 12C floor is the overall dictator of what happens. I don't really see 12Cs dropping much lower than they are today. Looks like the bottom is £65k atm. So, probably £55k for a really ropey car? 650S is sitting at £75k floor. So I think 720S might hit £100k flat, maybe into £95k or so into the next couple of years - but all the new cars are priced much, much higher - touching £300k. This will probably keep the 720S afloat as the deal of the century with enough takers at circa £100-100k. Only helps it looks broadly similar to the new car too.
720S won't fall below 650S, which won't fall below 12C. Sooooo.. there's the floor. 12C floor is the overall dictator of what happens. I don't really see 12Cs dropping much lower than they are today. Looks like the bottom is £65k atm. So, probably £55k for a really ropey car? 650S is sitting at £75k floor. So I think 720S might hit £100k flat, maybe into £95k or so into the next couple of years - but all the new cars are priced much, much higher - touching £300k. This will probably keep the 720S afloat as the deal of the century with enough takers at circa £100-100k. Only helps it looks broadly similar to the new car too.
Atomwe said:
e said: What exactly is the difference in lux and track pack? is it whole different suspension/brake setup and seats etc? why so undesirable?
Not sure I could afford to track one tbh (brakes!) but could just about stomach 6-8k running costs PA.....
Track pack is different to both lux pack and performance pack. Interior is the main difference between those two.Not sure I could afford to track one tbh (brakes!) but could just about stomach 6-8k running costs PA.....
Track pack has P1 seats, harness bar and ultra light wheels.
mirsgarage said:
720S won't fall below 650S, which won't fall below 12C. Sooooo.. there's the floor. 12C floor is the overall dictator of what happens. I don't really see 12Cs dropping much lower than they are today. Looks like the bottom is £65k atm. So, probably £55k for a really ropey car? 650S is sitting at £75k floor. So I think 720S might hit £100k flat, maybe into £95k or so into the next couple of years - but all the new cars are priced much, much higher - touching £300k. This will probably keep the 720S afloat as the deal of the century with enough takers at circa £100-100k. Only helps it looks broadly similar to the new car too.
I remember being told the same thing about Ferrari values, the 328 underpinning the 348(in the late 90s) and the 355 underpinning the 360 in 2009.I don't think anybody really knows what will become desirable, a mix of aftermarket support and spares availabilty can boost car values and vice versa. At some point I think the "original and best" aspect of a well kept 12C will overtake the 650 for a while, but I don't have a clue how that impacts on 720s. The couple of people I know with a 720 weren't looking at the earlier cars. That will change if the price points of the 2 models get closer though.
If you were after buckets and rolcage then this looks like a good buy.
https://www.alastairbols.com/cars/mclaren-720s-tra...
I had a quick look at that orange car at Manchester and was quite interested but for me I thought if I put another 10-15k miles on it it would be getting on a bit and the 720 probably is only staying for a few years. Although I bloody love it, so maybe not.
I found Manchester nice and easy to deal with and was very happy with my purchase and the process.
https://www.alastairbols.com/cars/mclaren-720s-tra...
I had a quick look at that orange car at Manchester and was quite interested but for me I thought if I put another 10-15k miles on it it would be getting on a bit and the 720 probably is only staying for a few years. Although I bloody love it, so maybe not.
I found Manchester nice and easy to deal with and was very happy with my purchase and the process.
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