McLaren 720s at £130,000
Discussion
As I posted on another thread, I think modern GT/RS Porsches and modern non-limited Ferraris have a lot further to fall in absolute gbp terms than 540/570/650 and maybe even the 720s at the lower end of the spectrum
Most modern Porsche GT/RS buyers at 150-200k will disappear as soon as there is the whiff of proper depreciation imo and there are many thousands of these cars (esp compared to 997 and earlier, there are just too many of them - Porsche marketing at its best), so the proper enthusiast won’t prop them up enough to hold these values.
Most modern Porsche GT/RS buyers at 150-200k will disappear as soon as there is the whiff of proper depreciation imo and there are many thousands of these cars (esp compared to 997 and earlier, there are just too many of them - Porsche marketing at its best), so the proper enthusiast won’t prop them up enough to hold these values.
MDL111 said:
As I posted on another thread, I think modern GT/RS Porsches and modern non-limited Ferraris have a lot further to fall in absolute gbp terms than 540/570/650 and maybe even the 720s at the lower end of the spectrum
Most modern Porsche GT/RS buyers at 150-200k will disappear as soon as there is the whiff of proper depreciation imo and there are many thousands of these cars (esp compared to 997 and earlier, there are just too many of them - Porsche marketing at its best), so the proper enthusiast won’t prop them up enough to hold these values.
How many UK RHD Porsche GT/RS are there compared with McLaren range ?Most modern Porsche GT/RS buyers at 150-200k will disappear as soon as there is the whiff of proper depreciation imo and there are many thousands of these cars (esp compared to 997 and earlier, there are just too many of them - Porsche marketing at its best), so the proper enthusiast won’t prop them up enough to hold these values.
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.
You originally said trade bids had been £60k for last 6 months though, not last week... this car wasn't even advertised and buyer was already lined up, so not really reflective of the wider market - have also heard it went for a little more than that and £80k is what TH got back. I sold my 570S (late 2017 car with 4k miles) just before Christmas and all trade bids were in the 90's. Assuming it sold for say £76k retail, trade would be early £60ks.
Whilst there is a lot of uncertainty for everyone in the market right now and no one knows what will happen exactly, to say trade bids for 570S's have been in the £60's for the last 6 months is way off. Not even the highest mileage 540C's are/were that low
jakesmith said:
12Cs now available for £65k!? WTF that is cheap
Almost tempted but not really the best time to try & sell my other cars
Also is the similarly priced 570 a better proposition from a running costs POV?
The 40’000 mile orange 12C has been for sale for a while, it’s not CV that’s dictated the price of that oneAlmost tempted but not really the best time to try & sell my other cars
Also is the similarly priced 570 a better proposition from a running costs POV?
Edited by Lee Jones Jnr on Tuesday 14th April 11:41
jakesmith said:
12Cs now available for £65k!? WTF that is cheap
Almost tempted but not really the best time to try & sell my other cars
Also is the similarly priced 570 a better proposition from a running costs POV?
A 570s will cost you more to buy than a 12c right now. As for running costs comparison, the warranty will cost you more on the older 12c, if that's important to you. Road tax will be more with the 12c and I imagine the 570s will be better on fuel? Servicing I'm not sure. I understand the reliability will be better with the 570s, newer car, simpler car, lessons learnt and improvements made from the 12c? Almost tempted but not really the best time to try & sell my other cars
Also is the similarly priced 570 a better proposition from a running costs POV?
AstonExige said:
jakesmith said:
12Cs now available for £65k!? WTF that is cheap
Almost tempted but not really the best time to try & sell my other cars
Also is the similarly priced 570 a better proposition from a running costs POV?
A 570s will cost you more to buy than a 12c right now. As for running costs comparison, the warranty will cost you more on the older 12c, if that's important to you. Road tax will be more with the 12c and I imagine the 570s will be better on fuel? Servicing I'm not sure. I understand the reliability will be better with the 570s, newer car, simpler car, lessons learnt and improvements made from the 12c? Almost tempted but not really the best time to try & sell my other cars
Also is the similarly priced 570 a better proposition from a running costs POV?
jakesmith said:
12Cs now available for £65k!? WTF that is cheap
Almost tempted but not really the best time to try & sell my other cars
Also is the similarly priced 570 a better proposition from a running costs POV?
Cheapest 570 I have seen is £80k+, so not sure if you will find one for £65k, but if you can get it with a warranty on it and recent service etc, then you'd have some pretty cheap motoring. Almost tempted but not really the best time to try & sell my other cars
Also is the similarly priced 570 a better proposition from a running costs POV?
Not sure running costs on the 12C, but they are looking great value and prior to CV, many seemed to think they had pretty much reached the bottom of their depreciation curve and could even start creeping up again as good ones become more desirable - but in the current climate, who knows!
jakesmith said:
12Cs now available for £65k!? WTF that is cheap
Almost tempted but not really the best time to try & sell my other cars
Also is the similarly priced 570 a better proposition from a running costs POV?
I would assume that a newer sports series car will cost less to run than an older super series. Warranty alone is cheaper.Almost tempted but not really the best time to try & sell my other cars
Also is the similarly priced 570 a better proposition from a running costs POV?
I'm glad I chose super series though.
Obafemi09 said:
Cheapest 570 I have seen is £80k+, so not sure if you will find one for £65k, but if you can get it with a warranty on it and recent service etc, then you'd have some pretty cheap motoring.
Not sure running costs on the 12C, but they are looking great value and prior to CV, many seemed to think they had pretty much reached the bottom of their depreciation curve and could even start creeping up again as good ones become more desirable - but in the current climate, who knows!
570s hasn't dipped below just under £80k but have dropped roughly around £15k in the last 6 months. Spyders have roughly been £25k more over the same period. 540C's have dropped approx. £7k-£8k in the same period.Not sure running costs on the 12C, but they are looking great value and prior to CV, many seemed to think they had pretty much reached the bottom of their depreciation curve and could even start creeping up again as good ones become more desirable - but in the current climate, who knows!
Interestingly though a 570S can be had for roughly the same money as a 540C give or take several thousand.
PompeyReece said:
Obafemi09 said:
Cheapest 570 I have seen is £80k+, so not sure if you will find one for £65k, but if you can get it with a warranty on it and recent service etc, then you'd have some pretty cheap motoring.
Not sure running costs on the 12C, but they are looking great value and prior to CV, many seemed to think they had pretty much reached the bottom of their depreciation curve and could even start creeping up again as good ones become more desirable - but in the current climate, who knows!
570s hasn't dipped below just under £80k but have dropped roughly around £15k in the last 6 months. Spyders have roughly been £25k more over the same period. 540C's have dropped approx. £7k-£8k in the same period.Not sure running costs on the 12C, but they are looking great value and prior to CV, many seemed to think they had pretty much reached the bottom of their depreciation curve and could even start creeping up again as good ones become more desirable - but in the current climate, who knows!
Interestingly though a 570S can be had for roughly the same money as a 540C give or take several thousand.
Ferruccio said:
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.
I just did an article on Aston, Ferrari, and McLaren. Aston is by far in the worst shape and whether can avoid an 8th bankruptcy is pretty questionable right now.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.
Lee Jones Jnr said:
AstonExige said:
jakesmith said:
12Cs now available for £65k!? WTF that is cheap
Almost tempted but not really the best time to try & sell my other cars
Also is the similarly priced 570 a better proposition from a running costs POV?
A 570s will cost you more to buy than a 12c right now. As for running costs comparison, the warranty will cost you more on the older 12c, if that's important to you. Road tax will be more with the 12c and I imagine the 570s will be better on fuel? Servicing I'm not sure. I understand the reliability will be better with the 570s, newer car, simpler car, lessons learnt and improvements made from the 12c? Almost tempted but not really the best time to try & sell my other cars
Also is the similarly priced 570 a better proposition from a running costs POV?
FezSpider said:
Calculator said:
I read your article earlier - very interesting and easy to digest. Thanks for sharing
Yes I read it last week to, and the one before. It is very comprehensible, very good.SSO said:
I just did an article on Aston, Ferrari, and McLaren. Aston is by far in the worst shape and whether can avoid an 8th bankruptcy is pretty questionable right now.
what, this one ? https://karenable.com/aston-martin-ferrari-mclaren...I’m not sure why the somewhat overreaction against the 30% comment from CH. I made the same rough comment a cpl of weeks ago on here. As a finger in the wind figure, 30% feels about right. I run a carbon fibre Italian redhead and very much expect it to be “worth” substantially less now/next month than it was just 8 weeks ago.
As I have no intention of selling her though I don’t really give a damn😎
If, in a few months time though there are F12s and 720s at £100k...you would have to be an idiot not to be interested! Or clinically dead.
As I have no intention of selling her though I don’t really give a damn😎
If, in a few months time though there are F12s and 720s at £100k...you would have to be an idiot not to be interested! Or clinically dead.
SSO said:
Thanks but that might have been an earlier one. The latest was posted yesterday.
This was the last one I read.https://karenable.com/supercar-market-update-q1-20...
However I shall be reading the one you did yesterday to, great work thanks.
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