Lots of 675LTs for sale..

Lots of 675LTs for sale..

Author
Discussion

TP321

Original Poster:

1,478 posts

198 months

Monday 7th March 2016
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Loads for sale now - whats up with everyone? Or are they tring to get rid before the Spyder gatecrashes the party??

PJRBell

58 posts

99 months

Monday 7th March 2016
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Probably, although surely some are people trying to make a quick buck

sone

4,587 posts

238 months

Monday 7th March 2016
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Getting out before the Brexit meltdown🤑

Wilmslowboy

4,210 posts

206 months

Monday 7th March 2016
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Lots for sale ???

can only find a dozen or less and all at £80k to £100k overs

AyBee

10,535 posts

202 months

Tuesday 8th March 2016
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Possibly quite a few who bought coupes, then stuck their names down when they heard the spyder was coming and are offloading the coupe before delivery?

AshW

3,836 posts

241 months

Tuesday 8th March 2016
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Mines not and wont be for many years to come.

duggan

911 posts

248 months

Tuesday 8th March 2016
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Wilmslowboy said:
Lots for sale ???

can only find a dozen or less and all at £80k to £100k overs
Don't worry, TP321 always bids the McLaren brand down at any opportunity (not sure on the reason), although he does provide a bit of balance with RamboLambo biggrin

TP321

Original Poster:

1,478 posts

198 months

Tuesday 8th March 2016
quotequote all
duggan said:
Don't worry, TP321 always bids the McLaren brand down at any opportunity (not sure on the reason), although he does provide a bit of balance with RamboLambo biggrin
...just saying what i see - dont shoot the messenger! Considering that this is a very limited run car and the production has only partially been delivered, there are quite a few for sale. All over list mind you, but none of them were bought at £260k list.

Gandahar

9,600 posts

128 months

Tuesday 8th March 2016
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There does seem to be a few more on the market, probably for reasons mentioned.

Looking at the prices and at Romans International and compared to the price of the 991 GT3 RS the 675LT is looking quite good value for money considering.


Bispal

1,619 posts

151 months

Wednesday 9th March 2016
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Paddy_N_Murphy said:
All the 'must haves' or flippers have jogged over to the 911R 'want'.
I heard there are only 35 991R's coming to the UK and they were all sold at a private event to the usual 'Porsche' types so I very much doubt that 675LT owners are 'jogging over' to get a 991R parts bin special. Nice as it is most McLaren owners 'get' the brand and usually sell on to get another McLaren. I believe the average 675LT price paid with options was £295k and they sre being 'advertised' at £350k to £400k. The £400 cars have lots more options including MSO so the average over is probably £50k minus SOR / dealer costs so probably £35k. Not worth flipping of you want to 'jog on'to Porsche as early reports indicate they are starting to change hands for £500k! (cant verify that just chatter from Geneva motor show while i was there) Thats more than £350k in overs which places it as an investment car and not a drivers car (which it should be)

flemke

22,865 posts

237 months

Wednesday 9th March 2016
quotequote all
Bispal said:
Paddy_N_Murphy said:
All the 'must haves' or flippers have jogged over to the 911R 'want'.
I heard there are only 35 991R's coming to the UK and they were all sold at a private event to the usual 'Porsche' types so I very much doubt that 675LT owners are 'jogging over' to get a 991R parts bin special. Nice as it is most McLaren owners 'get' the brand and usually sell on to get another McLaren. I believe the average 675LT price paid with options was £295k and they sre being 'advertised' at £350k to £400k. The £400 cars have lots more options including MSO so the average over is probably £50k minus SOR / dealer costs so probably £35k. Not worth flipping of you want to 'jog on'to Porsche as early reports indicate they are starting to change hands for £500k! (cant verify that just chatter from Geneva motor show while i was there) Thats more than £350k in overs which places it as an investment car and not a drivers car (which it should be)
£500k? Ludicrous, if true.

MDL111

6,951 posts

177 months

Wednesday 9th March 2016
quotequote all
flemke said:
Bispal said:
Paddy_N_Murphy said:
All the 'must haves' or flippers have jogged over to the 911R 'want'.
I heard there are only 35 991R's coming to the UK and they were all sold at a private event to the usual 'Porsche' types so I very much doubt that 675LT owners are 'jogging over' to get a 991R parts bin special. Nice as it is most McLaren owners 'get' the brand and usually sell on to get another McLaren. I believe the average 675LT price paid with options was £295k and they sre being 'advertised' at £350k to £400k. The £400 cars have lots more options including MSO so the average over is probably £50k minus SOR / dealer costs so probably £35k. Not worth flipping of you want to 'jog on'to Porsche as early reports indicate they are starting to change hands for £500k! (cant verify that just chatter from Geneva motor show while i was there) Thats more than £350k in overs which places it as an investment car and not a drivers car (which it should be)
£500k? Ludicrous, if true.
it is all getting a bit ridiculous...

somebody posted a screenshot of a 991R listed for 749k Euros
There are also a couple F12tdfs listed in Germany for 7-digit figures

Bispal

1,619 posts

151 months

Wednesday 9th March 2016
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Probably one for the Porsche forum but when Porsche can more or less guess what the overs will be then chooses to sell them at closed invite only events something is amiss! Whats in it for the dealers? As far as i know McLaren have a much more open approach, first come first served.

cgt2

7,101 posts

188 months

Wednesday 9th March 2016
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Correct in terms of very limited availability, I know a 918 owner who could not get an R.

Highly unlikely scenario that LT owners are jumping to R's.

Bispal

1,619 posts

151 months

Wednesday 9th March 2016
quotequote all
I may be wrong but I don't think anyone bought a 675LT to speculate, there were no overs with the 12C or 650S in coupe or spider so why would they be expected for the LT. The slight (compared to Porsche) increase is probably down to the fact they are sensational cars and that took some people by surprise. As there are limited numbers and many that have them don't want to sell them they are realising a slight increase. Of the 8 for sale on Pistonheads 3 are LHD, 1 probably doesn't exist, the 2 at Romans will probably sell soon (the last 2 they had both sold in 24 hours) Leaving 2 RHD cars not with the 'usual' dealers that might be available....

cc8s

4,209 posts

203 months

Wednesday 9th March 2016
quotequote all
MDL111 said:
it is all getting a bit ridiculous...

somebody posted a screenshot of a 991R listed for 749k Euros
There are also a couple F12tdfs listed in Germany for 7-digit figures
Sounds like it will be Auto Salon Singen? They often have brand new cars on SoR at daft prices.

Bispal said:
I may be wrong but I don't think anyone bought a 675LT to speculate,
I sadly doubt that. There are speculaters in every market.

kjlowe

20 posts

161 months

Wednesday 9th March 2016
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Sign of the times, some cars now viewed as commodities till bubble bursts, which may be a while!

flemke

22,865 posts

237 months

Wednesday 9th March 2016
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Bispal said:
I may be wrong but I don't think anyone bought a 675LT to speculate, there were no overs with the 12C or 650S in coupe or spider so why would they be expected for the LT. The slight (compared to Porsche) increase is probably down to the fact they are sensational cars and that took some people by surprise. As there are limited numbers and many that have them don't want to sell them they are realising a slight increase. Of the 8 for sale on Pistonheads 3 are LHD, 1 probably doesn't exist, the 2 at Romans will probably sell soon (the last 2 they had both sold in 24 hours) Leaving 2 RHD cars not with the 'usual' dealers that might be available....
It's an ethically complicated subject.

One simpler element of it is the cynicism of car-makers that intentionally and artificially restrict production runs in order to create so-called "halo" products which will trade at overs, in the hope that that phenomenon will reduce the drastic depreciation of their unlimited build-run cars. A generally loathsome practice.

In the case of the 675LT, it was not really a matter of an artificially limited build-run. For at least a fortnight after the official launch, it was possible for anyone to contact a McLaren dealer and order a car. This is in stark contrast to the dubious recent practices of, for example, Porsche, with the GT4 and 911R.

The problem with the 675LT, which has been discussed in depth in other threads on this forum, was that McLaren led the world to believe that they would be making only a coupe. People who were attracted to the idea of the 675LT, but who would have preferred it in spider form (that is to say, mostly females or hairdressers), thought that there would not be a spider version and therefore they ordered the coupe.

It was only after all the orders for coupes had been placed and confirmed, deposits paid, and specifications locked, that McLaren said that, after all, they would be making the spider version. This understandably caused some people who all along would have rather bought a spider then to order a spider and to try to sell their coupes as soon as they were delivered, during the past few months. I don't think that we should think of those people as flippers. They were reacting only to McLaren's conflicting actions.

As has been said, there were always going to be some flippers - these low-rent assholes seem to be able to get their mitts on every in-demand car that comes to market.

Bispal

1,619 posts

151 months

Thursday 10th March 2016
quotequote all
flemke said:
It's an ethically complicated subject.

One simpler element of it is the cynicism of car-makers that intentionally and artificially restrict production runs in order to create so-called "halo" products which will trade at overs, in the hope that that phenomenon will reduce the drastic depreciation of their unlimited build-run cars. A generally loathsome practice.

In the case of the 675LT, it was not really a matter of an artificially limited build-run. For at least a fortnight after the official launch, it was possible for anyone to contact a McLaren dealer and order a car. This is in stark contrast to the dubious recent practices of, for example, Porsche, with the GT4 and 911R.

The problem with the 675LT, which has been discussed in depth in other threads on this forum, was that McLaren led the world to believe that they would be making only a coupe. People who were attracted to the idea of the 675LT, but who would have preferred it in spider form (that is to say, mostly females or hairdressers), thought that there would not be a spider version and therefore they ordered the coupe.

It was only after all the orders for coupes had been placed and confirmed, deposits paid, and specifications locked, that McLaren said that, after all, they would be making the spider version. This understandably caused some people who all along would have rather bought a spider then to order a spider and to try to sell their coupes as soon as they were delivered, during the past few months. I don't think that we should think of those people as flippers. They were reacting only to McLaren's conflicting actions.

As has been said, there were always going to be some flippers - these low-rent assholes seem to be able to get their mitts on every in-demand car that comes to market.
Exactly , 100% agree, I have owned Porsches and loved Porsches but if they wont sell me the car I want I will look elsewhere, and I did and bought a McLaren. Why on earth the GT3 / 4 and R cannot be freely available standard models is beyond me. Those who adore cars will want those models, if they can't get one they will not go and buy a C2, they will look for something special elsewhere and leave the brand, like myself and many, many others I have spoken to recently. Meanwhile who benefits from these 'halo' models? A select band of individuals who almost immediately flip their cars? I will repeat my earlier comment of whats in it for the dealer if the person the 'allow' to buy a car instantly makes £350k profit? You don't just give that amount of money away, no one would, just what is happening behind closed doors?

flemke

22,865 posts

237 months

Thursday 10th March 2016
quotequote all
Bispal said:
Exactly , 100% agree, I have owned Porsches and loved Porsches but if they wont sell me the car I want I will look elsewhere, and I did and bought a McLaren. Why on earth the GT3 / 4 and R cannot be freely available standard models is beyond me. Those who adore cars will want those models, if they can't get one they will not go and buy a C2, they will look for something special elsewhere and leave the brand, like myself and many, many others I have spoken to recently. Meanwhile who benefits from these 'halo' models? A select band of individuals who almost immediately flip their cars? I will repeat my earlier comment of whats in it for the dealer if the person the 'allow' to buy a car instantly makes £350k profit? You don't just give that amount of money away, no one would, just what is happening behind closed doors?
One suspects that quite a lot is going on behind closed doors.
It is a known practice amongst US Ferrari dealers, for example, that the dealership owner will buy an early example of a hot car in his own name, jumping the queue ahead of his own customers. Then the dealership itself, which is not allowed to sell dealership-owned cars above RRP, will offer the car for sale at a premium as a "privately-owned" vehicle. rolleyes

One thing the car-makers should (but won't) ban is dealers assembling waiting lists prior to when a car has been officially announced as being planned for production and being for sale. That would preclude the dealer from giving the nod to his pals, "They're going to be doing a such-and-such", whereupon the pals get their names at the head of a waiting list for a car which 99% of the rest of us have no idea will exist.

WTF are we supposed to do, go to the local Porsche Centre and say, "I don't know what cool cars Porsche will be making in the next 10 years, but I want to put my name down for every one of the good ones"?