McLaren 720s at £130,000
Discussion
MDL111 said:
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
Being very deceptive with your numbers there. £5 under £80k is £80k
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
Reads like a white goods list.A £140k 720s becomes £98k
A £90k 570s becomes £69k
A £110k 570s Spider becomes £77k
Chris Harris is a nice bloke and top driver.
But he doesn't have a crystal ball.
None of us do
From what I’ve seen, McLaren are addressing the issues they’ve had, so may start to see demand in their cars start increasing? Also, McLaren’s like the 570s have taken quite a hit already on their value, so you could argue there is less in them to take a hit now?
Take covid out of the equation? 570s in the £60’s within 12 months? 4 year old super cars at similar values to much lesser cars? Considering how capable, reliable and modern they are? I just can’t see it. I would say their depreciation curve is flattening out. Same with the 720s.
But with Covid, it will be simple economics, for all cars. Supply vs demand. When the doors re-open there is likely to be a lot more cars come on to the market and a lot less people willing to buy, values will drop. Just who knows how far ask for how long?
My personal preference. They bottom quickly! I just want to buy as soon as possible. If they keep falling and I have to wait (I can’t afford to lose silly amounts so need to wait for them to start to level) and the silver lining is I can afford a higher spec car, then fine, I’m not going to feel bad about it. This is all assuming the area doesn’t fall out of everything and I end up not being able to buy at all :/
Take covid out of the equation? 570s in the £60’s within 12 months? 4 year old super cars at similar values to much lesser cars? Considering how capable, reliable and modern they are? I just can’t see it. I would say their depreciation curve is flattening out. Same with the 720s.
But with Covid, it will be simple economics, for all cars. Supply vs demand. When the doors re-open there is likely to be a lot more cars come on to the market and a lot less people willing to buy, values will drop. Just who knows how far ask for how long?
My personal preference. They bottom quickly! I just want to buy as soon as possible. If they keep falling and I have to wait (I can’t afford to lose silly amounts so need to wait for them to start to level) and the silver lining is I can afford a higher spec car, then fine, I’m not going to feel bad about it. This is all assuming the area doesn’t fall out of everything and I end up not being able to buy at all :/
AstonExige said:
Take covid out of the equation? 570s in the £60’s within 12 months? 4 year old super cars at similar values to much lesser cars? Considering how capable, reliable and modern they are? I just can’t see it. I would say their depreciation curve is flattening out. Same with the 720s.
But with Covid, it will be simple economics, for all cars. Supply vs demand. When the doors re-open there is likely to be a lot more cars come on to the market and a lot less people willing to buy, values will drop. Just who knows how far ask for how long?
When life gets back to normal the crucial determinates will be spending power and new car production.But with Covid, it will be simple economics, for all cars. Supply vs demand. When the doors re-open there is likely to be a lot more cars come on to the market and a lot less people willing to buy, values will drop. Just who knows how far ask for how long?
With Porsche and Ferrari effectively shutting their doors late desirable particularly low volume models should firm up price wise we have seen this before.
570S have been £60ks trade for the past 6 months anyway. Their main problem is over supply. I had one last summer sold it after 3 months it was boring as a drivers car but at early £50ks for the right spec car they are reasonable value I guess. But any fast depreciating car particularly a Mclaren depreciates quickly for a reason. And that is because it will continue to depreciate.
The £125k Performante would be where the smart money goes.
av185 said:
AstonExige said:
Take covid out of the equation? 570s in the £60’s within 12 months? 4 year old super cars at similar values to much lesser cars? Considering how capable, reliable and modern they are? I just can’t see it. I would say their depreciation curve is flattening out. Same with the 720s.
But with Covid, it will be simple economics, for all cars. Supply vs demand. When the doors re-open there is likely to be a lot more cars come on to the market and a lot less people willing to buy, values will drop. Just who knows how far ask for how long?
When life gets back to normal the crucial determinates will be spending power and new car production.But with Covid, it will be simple economics, for all cars. Supply vs demand. When the doors re-open there is likely to be a lot more cars come on to the market and a lot less people willing to buy, values will drop. Just who knows how far ask for how long?
With Porsche and Ferrari effectively shutting their doors late desirable particularly low volume models should firm up price wise we have seen this before.
570S have been £60ks trade for the past 6 months anyway. Their main problem is over supply. I had one last summer sold it after 3 months it was boring as a drivers car but at early £50ks for the right spec car they are reasonable value I guess. But any fast depreciating car particularly a Mclaren depreciates quickly for a reason. And that is because it will continue to depreciate.
The £125k Performante would be where the smart money goes.
av185 said:
AstonExige said:
Take covid out of the equation? 570s in the £60’s within 12 months? 4 year old super cars at similar values to much lesser cars? Considering how capable, reliable and modern they are? I just can’t see it. I would say their depreciation curve is flattening out. Same with the 720s.
But with Covid, it will be simple economics, for all cars. Supply vs demand. When the doors re-open there is likely to be a lot more cars come on to the market and a lot less people willing to buy, values will drop. Just who knows how far ask for how long?
When life gets back to normal the crucial determinates will be spending power and new car production.But with Covid, it will be simple economics, for all cars. Supply vs demand. When the doors re-open there is likely to be a lot more cars come on to the market and a lot less people willing to buy, values will drop. Just who knows how far ask for how long?
With Porsche and Ferrari effectively shutting their doors late desirable particularly low volume models should firm up price wise we have seen this before.
570S have been £60ks trade for the past 6 months anyway. Their main problem is over supply. I had one last summer sold it after 3 months it was boring as a drivers car but at early £50ks for the right spec car they are reasonable value I guess. But any fast depreciating car particularly a Mclaren depreciates quickly for a reason. And that is because it will continue to depreciate.
The £125k Performante would be where the smart money goes.
if not, then wgaf
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!
I want a convertible so a 570S is more than enough car for me and have my eye on thisAlthough if this continues for much longer you can probably get the pair!
https://www.pistonheads.com/classifieds/used-cars/...
Is it missing any must have items ?
HIS LM said:
I want a convertible so a 570S is more than enough car for me and have my eye on this
https://www.pistonheads.com/classifieds/used-cars/...
Is it missing any must have items ?
Likewise!https://www.pistonheads.com/classifieds/used-cars/...
Is it missing any must have items ?
A sports exhaust would be nice but could retrofit I guess. Personally I prefer the dark palladium roof but that's purely personal preference. Otherwise it's got everything I'd be looking for, apart from a slightly lower price!
HIS LM said:
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!
I want a convertible so a 570S is more than enough car for me and have my eye on thisAlthough if this continues for much longer you can probably get the pair!
https://www.pistonheads.com/classifieds/used-cars/...
Is it missing any must have items ?
The lift is the only essential item IMO, the rest is all personal preference. Carbon dash and updated stereo is on my list also.
av185 said:
When life gets back to normal the crucial determinates will be spending power and new car production.
With Porsche and Ferrari effectively shutting their doors late desirable particularly low volume models should firm up price wise we have seen this before.
570S have been £60ks trade for the past 6 months anyway. Their main problem is over supply. I had one last summer sold it after 3 months it was boring as a drivers car but at early £50ks for the right spec car they are reasonable value I guess. But any fast depreciating car particularly a Mclaren depreciates quickly for a reason. And that is because it will continue to depreciate.
The £125k Performante would be where the smart money goes.
If you had found the 570 exciting would it be worth more!? Is that how it works? With Porsche and Ferrari effectively shutting their doors late desirable particularly low volume models should firm up price wise we have seen this before.
570S have been £60ks trade for the past 6 months anyway. Their main problem is over supply. I had one last summer sold it after 3 months it was boring as a drivers car but at early £50ks for the right spec car they are reasonable value I guess. But any fast depreciating car particularly a Mclaren depreciates quickly for a reason. And that is because it will continue to depreciate.
The £125k Performante would be where the smart money goes.
Cheapest 570 is neariy 4yrs old & 80k.
As someone said earlier, if 570's hit 50k this year then the least of our problems will be what our toys are worth!
HIS LM said:
Lee Jones Jnr said:
That and a black spider were new in and being prepped for sale when I was there not long ago.
The lift is the only essential item IMO, the rest is all personal preference. Carbon dash and updated stereo is on my list also.
Which car was the more striking looking ? The lift is the only essential item IMO, the rest is all personal preference. Carbon dash and updated stereo is on my list also.
I like the orange cars, though volcano is the one I really want.
HIS LM said:
Lee Jones Jnr said:
It’s all preference isn’t it.
I like the orange cars, though volcano is the one I really want.
Me too, how many orange variants are there ? I saw an orange Mac in central that was like an orange highlighter absolutely amazing I like the orange cars, though volcano is the one I really want.
McLaren, Ventura and Volcano.
Dunno if there are more?
ferdi p said:
av185 said:
When life gets back to normal the crucial determinates will be spending power and new car production.
With Porsche and Ferrari effectively shutting their doors late desirable particularly low volume models should firm up price wise we have seen this before.
570S have been £60ks trade for the past 6 months anyway. Their main problem is over supply. I had one last summer sold it after 3 months it was boring as a drivers car but at early £50ks for the right spec car they are reasonable value I guess. But any fast depreciating car particularly a Mclaren depreciates quickly for a reason. And that is because it will continue to depreciate.
The £125k Performante would be where the smart money goes.
If you had found the 570 exciting would it be worth more!? Is that how it works? With Porsche and Ferrari effectively shutting their doors late desirable particularly low volume models should firm up price wise we have seen this before.
570S have been £60ks trade for the past 6 months anyway. Their main problem is over supply. I had one last summer sold it after 3 months it was boring as a drivers car but at early £50ks for the right spec car they are reasonable value I guess. But any fast depreciating car particularly a Mclaren depreciates quickly for a reason. And that is because it will continue to depreciate.
The £125k Performante would be where the smart money goes.
Cheapest 570 is neariy 4yrs old & 80k.
As someone said earlier, if 570's hit 50k this year then the least of our problems will be what our toys are worth!
Assuming it sold for say £76k retail, trade would be early £60ks.
av185 said:
Tom Hartley jun sold a 2800 mile 2017 570S last week in a matter of hours listed at £80k AP.
Assuming it sold for say £76k retail, trade would be early £60ks.
Ok &....Assuming it sold for say £76k retail, trade would be early £60ks.
AB recently sold a lovely 570 for 82k, owner got back 78k.
AB sold my old 650 for 124k & I got back 120k, best dealer cash offer was 108k at the time.
Of course I could bring you similar stories in the Ferrari & Porsche world but that doesn't fit your McLaren rhetoric.
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