Will Corona effect the Supercar Market

[Ferruccio]

Petrus1983 said:

I personally don’t think Stroll is in that league. He’s apparently worth $2.6bn and in previous experiences that’s very far from ‘cash available’ - added to does he actually want to own car companies - funding his sons F1 career with some business venture is one thing, ending up with AM and McLaren is totally different.

Quite.

[LotusOmega375D]

Also neither Force India nor Aston Martin would appear to be good places to invest your money at the moment. I’ll gladly bring his Ferrari P4 back to England if Mr Stroll needs a quick £100,000 fire sale.

[anonymous-user]

footsoldier said:

Ferruccio said:

sparta6 said:

Stroll to buy McLaren once it's hit the buffers

Why do you think he’d do that?

Makes sense to me...

Stroll team buys Mclaren, merges.

Aston McLaren F1 with Mercedes engines. (Engine deal already done)
Aston already uses Merc engines on road.

Carbon tech and know how at Mac for new Supercars.

F1 team, road cars supercars and SUVs. Mercedes engines all round,

Stroll and Woolf as CEO.
Could be well set.

Aston Mclaren

You really think that makes sense?

Aston eating money atm and McLaren would be another huge drain...just to sell the same type of car?

I don't think two wrongs (business wise) makes a right!

Mental.

[Taffy66]

McLaren are probably already insolvent, it just needs to be made official to avoid further financial pain..
Shame as they make brilliant driving cars, just that they are managed by massive egos who have little understanding of business nous.

[Petrus1983]

footsoldier said:

Ferruccio said:

sparta6 said:

Stroll to buy McLaren once it's hit the buffers

Why do you think he’d do that?

Makes sense to me...

Stroll team buys Mclaren, merges.

Aston McLaren F1 with Mercedes engines. (Engine deal already done)
Aston already uses Merc engines on road.

Carbon tech and know how at Mac for new Supercars.

F1 team, road cars supercars and SUVs. Mercedes engines all round,

Stroll and Woolf as CEO.
Could be well set.

Aston Mclaren

I personally don’t think Stroll is in that league. He’s apparently worth $2.6bn and in previous experiences that’s very far from ‘cash available’ - added to does he actually want to own car companies - funding his sons F1 career with some business venture is one thing, ending up with AM and McLaren is totally different.

[Matty3]

Taffy66 said:

McLaren are probably already insolvent, it just needs to be made official to avoid further financial pain..
Shame as they make brilliant driving cars, just that they are managed by massive egos who have little understanding of business nous.

I

I will quote you this down the line - I reckon McL has more backing than many of the competition

[Ferruccio]

Matty3 said:

I will quote you this down the line - I reckon McL has more backing than many of the competition

Things move on.
Bahrain is a country of 1.5m people. Economy 85% oil + gas. Before CV was running a significant budget deficit already. Debt’s been junk status since 2016.
Against that background, on the basis of what current valuation and revised business plan/exit strategy is the sovereign wealth fund going to be pumping more money Into supercar manufacture for what overall IRR?

[andrew]

powerstruggle said:

footsoldier said:

Ferruccio said:

sparta6 said:

Stroll to buy McLaren once it's hit the buffers

Why do you think he’d do that?

Makes sense to me...

Stroll team buys Mclaren, merges.

Aston McLaren F1 with Mercedes engines. (Engine deal already done)
Aston already uses Merc engines on road.

Carbon tech and know how at Mac for new Supercars.

F1 team, road cars supercars and SUVs. Mercedes engines all round,

Stroll and Woolf as CEO.
Could be well set.

Aston Mclaren

You really think that makes sense?

Aston eating money atm and McLaren would be another huge drain...just to sell the same type of car?

I don't think two wrongs (business wise) makes a right!

Mental.

sounds good to me
why not go around amalgamating all the loss-making british car manufacturers ?
you could call it british...

on, hang on a minute

[sparta6]

Petrus1983 said:

sparta6 said:

As a boat owner you probably already posess enough self discipline to handle car depreciation

Yes - but even then a new 5.8litre engine, covers, batteries, alternators, mooring fees and the longing of having MPG rather than GPM takes its toll

A ‘special’ car appeals at the moment as I don’t have time to use the boat even if we weren’t on lockdown, but it constantly sucks in money - a car by and large you can whack in a garage and forget about - and then use it on nice occasions.

I completely agree.
Boats are another level

[sparta6]

footsoldier said:

Ferruccio said:

sparta6 said:

Stroll to buy McLaren once it's hit the buffers

Why do you think he’d do that?

Makes sense to me...

Stroll team buys Mclaren, merges.

Aston McLaren F1 with Mercedes engines. (Engine deal already done)
Aston already uses Merc engines on road.

Carbon tech and know how at Mac for new Supercars.

F1 team, road cars supercars and SUVs. Mercedes engines all round,

Stroll and Woolf as CEO.
Could be well set.

Aston Mclaren

Yes entirely possible.
LS could assemble a decent consortium.
Strange things will happen now the financial eco system has slipped off course by a few degrees.

[tokyotv]

petjam said:

At Christmas they offered me £30k down, £900 per month for 24 months. 6k miles per year and hand it back at the end. That was on a 600LT Spider.

Excuse my ignorance, but do you get the deposit back at the end of the term?

[marky1]

tokyotv said:

Excuse my ignorance, but do you get the deposit back at the end of the term?

I wouldn’t have thought so otherwise everyone would be driving around in mclarens for £900 a month!

[cayman-black]

tokyotv said:

petjam said:

At Christmas they offered me £30k down, £900 per month for 24 months. 6k miles per year and hand it back at the end. That was on a 600LT Spider.

Excuse my ignorance, but do you get the deposit back at the end of the term?

£51600 for two years ownership.

[Pvapour]

cayman-black said:

tokyotv said:

petjam said:

At Christmas they offered me £30k down, £900 per month for 24 months. 6k miles per year and hand it back at the end. That was on a 600LT Spider.

Excuse my ignorance, but do you get the deposit back at the end of the term?

£51600 for two years ownership.

You’d loose more over 2yrs in depreciation buying it outright, no?

[carspath]

Excuse my ignorance also please :

What are the price implications when all these cars are returned to the ? Finance companies / ? Manufacturers in 2 years time ?

Is this a bloodbath awaiting its turn ?
Am I missing some important finance point here ?

[Lee Jones Jnr]

tokyotv said:

petjam said:

At Christmas they offered me £30k down, £900 per month for 24 months. 6k miles per year and hand it back at the end. That was on a 600LT Spider.

Excuse my ignorance, but do you get the deposit back at the end of the term?

No

[andrew]

carspath said:

Excuse my ignorance also please :

What are the price implications when all these cars are returned to the ? Finance companies / ? Manufacturers in 2 years time ?

Is this a bloodbath awaiting its turn ?
Am I missing some important finance point here ?

the manufacturer underwrites the deal
they're simply kicking issues with unsellable cars two years further away ( possibly to bridge a short-term funding gap, possibly hoping the issue will just go away )

[tokyotv]

petjam said:

At Christmas they offered me £30k down, £900 per month for 24 months. 6k miles per year and hand it back at the end. That was on a 600LT Spider.

Excuse my ignorance, but do you get the deposit back at the end of the term?

[Shnozz]

tokyotv said:

Excuse my ignorance, but do you get the deposit back at the end of the term?

Still no.

[av185]

Pvapour said:

cayman-black said:

tokyotv said:

petjam said:

At Christmas they offered me £30k down, £900 per month for 24 months. 6k miles per year and hand it back at the end. That was on a 600LT Spider.

Excuse my ignorance, but do you get the deposit back at the end of the term?

£51600 for two years ownership.

You’d loose more over 2yrs in depreciation buying it outright, no?

Until the exact terms of the agreement are known the ££ figures supplied are meaningless.

That LT would cost far more than £50k to lease/pcp/finance whatever over 2yrs and 12k miles even pre covid.

A 2019 black 675LT with reasonable miles recently made just c£130k on CC so a c£100k+ drop in 1 year.