McLaren 720s at £130,000
Discussion
AstonExige said:
Do you think it is a real possibility that after this you will be able to pick up a 720s for less than £100k?! I was in the market for a 570s Coupe, put that on hold obviously, with the silver lining being a 570s spider may drop in to budget. But if we’re talking 720s?.....
I was after a 570s too and still will be on the other side. Rather than go for a 720 if the prices drop accordingly I will still be looking at the same cars and saving the money. Most modern sports cars are many times beyond mine and most other peoples driving skill and visually I much prefer the 570. What I really want is a 570 with the side intakes of a 650s as I prefer the standard scoop look to the kiwi intake.If these cars do drop by this amount, it would be a tough decision between a 720s and a 600LT. The later being the safer bet for future depreciation as I believe there were less made?
Or as suggested, spend less and go for the 570s Spider. Can always upgrade at a later date once things really settle down?
Or as suggested, spend less and go for the 570s Spider. Can always upgrade at a later date once things really settle down?
br d said:
I would also take a 570 Spider over a 720 Coupe, try to get a decent test drive in both before deciding.
Although if this continues for much longer you can probably get the pair!
That may be truer than you think! Although if this continues for much longer you can probably get the pair!
I too went for a 570 Spider as the active rear wing and the suspension trickery of the Super Series didn't appeal and genuinely put me off (and there was no 720 Spider available then). The 570 is more than quick enough for me
ferdi p said:
Definitely try both, the 720 drives alot better than the 570 imo. The extra pace isn't necessary but if you must have a convertible then it'll have to be the 570 as a 720 spider won't be 100k this year! (Cue lots of the usual idiots saying "720 spiders will be 99,950 by Xmas")
The 720S is better than the 570S in every single way but marginally and certainly not noticeable on our roads.Of course if they were the same value then it's a no brainer but the 570S at say £50k and the 720S at £100k then the 570S is the one to buy
rich12 said:
The 720S is better than the 570S in every single way but marginally and certainly not noticeable on our roads.
Of course if they were the same value then it's a no brainer but the 570S at say £50k and the 720S at £100k then the 570S is the one to buy
Agreed, a 570s at 50k would be a phenomenal buy!Of course if they were the same value then it's a no brainer but the 570S at say £50k and the 720S at £100k then the 570S is the one to buy
Never understand why people keep quoting what Chris Harris has said about values.
He is good at certain things but his knowledge/ ability to predict the future is as good as any ones. You couldn't even have a 30% drop across the board as it would be impossible to be that uniform.
For McLaren, it's no different than pre corona, they s
t money like nothing else which is mainly due to McLaren's inability to think about anything other than new car sales. Ferrari/ Lambo etc will see nothing like a 30% drop as an average. Since the beginning of the year, Performante's have gone from hovering around £200k to now being £160k+, look at others, and there's barely been any movement.
He is good at certain things but his knowledge/ ability to predict the future is as good as any ones. You couldn't even have a 30% drop across the board as it would be impossible to be that uniform.
For McLaren, it's no different than pre corona, they s
t money like nothing else which is mainly due to McLaren's inability to think about anything other than new car sales. Ferrari/ Lambo etc will see nothing like a 30% drop as an average. Since the beginning of the year, Performante's have gone from hovering around £200k to now being £160k+, look at others, and there's barely been any movement. rich12 said:
Never understand why people keep quoting what Chris Harris has said about values.
.
I have noticed this over the last few months, his name quoted quite a few times when talking about both values and opinions..
Reminds me of back in the day when Jeromy Clarkson name was used in the same way.
AstonExige said:
People like Chris Harris are suggesting a 30% drop, some others saying more. But even at 30%:
A £140k 720s becomes £98k
A £90k 570s becomes £69k
A £110k 570s Spider becomes £77k
15% would do me nicely to bring a car I’ve seen at a McLaren main dealer to the price I can pay. Wouldn’t say no to 30% of course.A £140k 720s becomes £98k
A £90k 570s becomes £69k
A £110k 570s Spider becomes £77k
AstonExige said:
People like Chris Harris are suggesting a 30% drop, some others saying more. But even at 30%:
A £140k 720s becomes £98k
A £90k 570s becomes £69k
A £110k 570s Spider becomes £77k
I find that very believable. A £140k 720s becomes £98k
A £90k 570s becomes £69k
A £110k 570s Spider becomes £77k
Except the 720s, I think that has done quite a hefty bit of its depreciating - I can't honestly see it going under 100k.
My sense is that for Aston and Mclaren this will be about survival.
AML share price down 96% from the float.
For poo pooers, this is from the recent AML RNS announcement (and you really don’t see the word “not” in working capital statements ever):
Working capital
Taking into account the proceeds of the capital raise, the Company is of the opinion that the Group does not have sufficient working capital to meet its requirements for 12 months following the publication of the Original Prospectus. This is due to the increased impact, since the Company published the First Supplementary Prospectus on 13 March, of Covid-19 and the ongoing and unquantifiable uncertainty it has created and continues to create.
AML share price down 96% from the float.
For poo pooers, this is from the recent AML RNS announcement (and you really don’t see the word “not” in working capital statements ever):
Working capital
Taking into account the proceeds of the capital raise, the Company is of the opinion that the Group does not have sufficient working capital to meet its requirements for 12 months following the publication of the Original Prospectus. This is due to the increased impact, since the Company published the First Supplementary Prospectus on 13 March, of Covid-19 and the ongoing and unquantifiable uncertainty it has created and continues to create.
Whilst we can question CH’s insight, the market over the next 6 months will be driven by sentiment and that will be, to an extent, impacted by the opinion of those with the loudest voice. His views are also not entirely inconsistent with what we saw last time around - when values weren’t are inflated as they are today.
I posted elsewhere that there are a great many hoping for a collapse in used car prices but forgetting this will only happen if pegged to a deep economic crisis. And if that does turn out to be the case, the last thing we should be concerned with is the value of toys.
I posted elsewhere that there are a great many hoping for a collapse in used car prices but forgetting this will only happen if pegged to a deep economic crisis. And if that does turn out to be the case, the last thing we should be concerned with is the value of toys.
I just had to check as I thought that 570 value looked awfully high - the cheapest 570 is already at asking price starting with a 7, so I would think even without Corona by end of the year those will be in the 60s pre-haggling. In the current market, I’d be surprised if people don’t buy the cheapest ones for prices starting with a 5 in 2020
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