LT - real prices ?

LT - real prices ?

Author
Discussion

Shazbat

Original Poster:

170 posts

152 months

Monday 7th November 2016
quotequote all
Anyone have a good insight into what are LT coupes really changing hands for ?

~330k seems too high and there is a real glut for sale right now

Also, I am thinking that the brand is completely unproven and there is no evidence that they will hold or increase value in the same way cs/scud/spec etc. has.



P.S. Real world answers please, not existing owners wishful thinking thanks

Wilmslowboy

4,552 posts

221 months

Monday 7th November 2016
quotequote all
Probably a little unfair to say the brand is unproven..F1 has been out and about for 20+ years and currently trades at 10 times original price.


LT prices seemed for a while to be pegged with 458 speciale prices, but these have now dipped (rumour of sub £300k trade bids) so imagine this is where LT trade bids will be (early cars , low spec)



we really need a seller to post , what was achieved or amounts offered by trade.


johnnyreggae

3,076 posts

175 months

Monday 7th November 2016
quotequote all
If its such an 'unproven brand' why are you considering it and why is the LT trading at over list ?

RamboLambo

4,843 posts

185 months

Monday 7th November 2016
quotequote all
Lots of speculative asking prices for both LT and Speciales IMHO, hence why there are so many for sale and none moving.

They are still overs List and £300k sounds more realistic. I certainly wouldn't pay anymore for either no matter how good they are as neither are exactly rare

TISPKJ

3,669 posts

222 months

Monday 7th November 2016
quotequote all
My understanding was that trade are bidding list only for the cars.
I'm only going by comments on McLaren owners group no factual back up

RamboLambo

4,843 posts

185 months

Tuesday 8th November 2016
quotequote all
TISPKJ said:
My understanding was that trade are bidding list only for the cars.
I'm only going by comments on McLaren owners group no factual back up
Wow really. I know the spread on these type of cars has spread enormously because of the stock holding period often being years but that really is taking the p155 on dealer margin. They have got use to prices increasing so its been a win win for them to sit on stock

Guess they know what 1st owner paid for them and see it as an opportunity to give money back, steal it and hike up the price and chance their arm at making a whopping profit or at least pick a deal they are prepared to take.

The Amari 458 Speciale was the first example of the "real" market I guess when it was up at £300k and sold within days as it was a minimum £30k cheaper and more like £50k cheaper than any equivalent spec car on the market at the time. It was still £50k overs list though so a nice profit for a quick sale even if split 50/50 with original owner

Seems that if a car doesn't sell all the dealers just collaborate to increase the prices not reduce them until we all vote with our feet and don't pay the silly prices.

I've just experienced the same with some new build houses. They weren't selling as overpriced so the developer has increased the price and done a promotion suggesting a discount on what is actually an increased price.
Went in with a cash offer 5% ( 50k ) off which I didn't feel was unreasonable and was told to leave the premises. Told them not to bother to phone me in March when they are still unsold unless they are prepared to accept at least £100k off

I think its called taking the p155

longtail

16 posts

107 months

Tuesday 8th November 2016
quotequote all
I may be biased given my poor experience with McLaren quality but perhaps it's as simple as too many various limited editions being launched. The most desirable model keeps changing., in sequence
675 LT coupe only... Oh no we are launching a spider, that will be it, oh no we are launching a carbon body edition, hold on lets launch an MSO 688 HS.
That's 4 versions of effectively the same lightweight version of the 650. Even Ferrari only try 2, a coupe and then a spider.

Long term the value will be in the 688 HS if money counts. If it doesn't then much as Inhate to feed Rambo Lambos Carbon tub fetish, the 650 is where I feel the most enjoyment and value can be gained.

Ultimately any of the Mclarens and indeed V8 current ferraris are great cars lets just drive and enjoy.
Enough said by me! I am bound to be corrected.

p1stonhead

27,696 posts

182 months

Tuesday 8th November 2016
quotequote all
Romans has an LT coupe for £330k and a LT Spider for £370k at the moment.

Wonder how far below that you could go and secure either?

Edited by p1stonhead on Tuesday 8th November 14:05

TISPKJ

3,669 posts

222 months

Tuesday 8th November 2016
quotequote all
p1stonhead said:
Romans has an LT for £330k and a LT Spider for £370k at the moment.

Wonder how far below that you could go and secure either?
I believe base was £259, that car seems very well specked up so say £300 ? ..... so asking 30 over, guess they want a few quid out the deal, so list bids not a bad guess.

Beefmeister

16,482 posts

245 months

Tuesday 8th November 2016
quotequote all
p1stonhead said:
Romans has an LT coupe for £330k and a LT Spider for £370k at the moment.

Wonder how far below that you could go and secure either?

Edited by p1stonhead on Tuesday 8th November 14:05
Their Chicane Grey LT Spider looks absolutely insanely stunning. Numbers come up that's my first port of call.

p1stonhead

27,696 posts

182 months

Tuesday 8th November 2016
quotequote all
Beefmeister said:
p1stonhead said:
Romans has an LT coupe for £330k and a LT Spider for £370k at the moment.

Wonder how far below that you could go and secure either?

Edited by p1stonhead on Tuesday 8th November 14:05
Their Chicane Grey LT Spider looks absolutely insanely stunning. Numbers come up that's my first port of call.
yes me too although they have a yellow P1 for £1.7m so depending on how much I win, thats mine!


LukeyLikey

855 posts

162 months

Tuesday 8th November 2016
quotequote all
RamboLambo said:
Wow really. I know the spread on these type of cars has spread enormously because of the stock holding period often being years but that really is taking the p155 on dealer margin. They have got use to prices increasing so its been a win win for them to sit on stock

Guess they know what 1st owner paid for them and see it as an opportunity to give money back, steal it and hike up the price and chance their arm at making a whopping profit or at least pick a deal they are prepared to take.

The Amari 458 Speciale was the first example of the "real" market I guess when it was up at £300k and sold within days as it was a minimum £30k cheaper and more like £50k cheaper than any equivalent spec car on the market at the time. It was still £50k overs list though so a nice profit for a quick sale even if split 50/50 with original owner

Seems that if a car doesn't sell all the dealers just collaborate to increase the prices not reduce them until we all vote with our feet and don't pay the silly prices.

I've just experienced the same with some new build houses. They weren't selling as overpriced so the developer has increased the price and done a promotion suggesting a discount on what is actually an increased price.
Went in with a cash offer 5% ( 50k ) off which I didn't feel was unreasonable and was told to leave the premises. Told them not to bother to phone me in March when they are still unsold unless they are prepared to accept at least £100k off

I think its called taking the p155
I thought you were in the motor industry? It doesn't work like that - "all vote with our feet and don't pay the silly prices"! It's just demand and supply. We're in winter now. P14 will be here next summer and there are fewer people longing after an LT than there are a Speciale. On the other hand, there are more Speciales around so there needs to be. Whether one or other sells at whatever price is only a matter of demand and supply, plus how thin or otherwise the market is. Nothing more.

I can easily believe that those who have bought an LT will want to move to the P14 and many will not drive their car over the winter, so up for sale they may go, tipping supply and pressurising the price. I personally reckon the fundamentals for the LT are that it will now take a hit below retail price and stay there for a good while. The Spider will probably stay above retail for a while because there won't be anything else quite like it until 2018 probably.

The Speciale could be different and what we may be seeing is people offering cars for sale over winter, who will sell if the price is right and keep it if it isn't. Some of therm are chancing their arm, but they won't sell unless they get a high price. In other words, I suspect the market is quite thin for that car. Very few cars are being sold at the £300k mark, which seems to support my point. I know of a number of people with Speciales who plan to keep them for a very long stint. If that proves to be correct or not we shal see. Perhaps 488 Speciale will have an effect?

RamboLambo

4,843 posts

185 months

Tuesday 8th November 2016
quotequote all
Voting with your feet is decreasing demand. This will force prices down eventually but as you point out so will new product

TISPKJ

3,669 posts

222 months

Tuesday 8th November 2016
quotequote all
Not sure people will be selling 675 for the P14, the 675 is the very best of the 12c / 650 base, the new P14 is going to be in effect 12c mk2, the base for new super series.
Once we get to P14 LT in 4 years then maybe.

Bispal

1,823 posts

166 months

Tuesday 8th November 2016
quotequote all
If the P14 looks like any of the pictures I have seen I think the 675LT will go up in price, along with the 12C & 650s. The LT is a ground breaking car and absolutely stunning. There are not many of them and there will always be buyers / collectors / enthusiasts that will want to own one. Prices might go down, they might go up, like houses, shares & toblerones. If you want one just get one, I don't think they will go below list or collectors will start buying.



Beefmeister

16,482 posts

245 months

Tuesday 8th November 2016
quotequote all
I've been told by McLaren peeps that the P14 will beat the LT in every measurable metric.

Boshly

2,776 posts

251 months

Tuesday 8th November 2016
quotequote all
I hate threads like these. If you really want one find the one you want, you know the general spread of prices, and bid what you're prepared to pay. You might get it and you might not.

Other than that it's all conjecture and opinion. Though I appreciate that's what forums are about.

Ps I bet if you do get one you will not post what you paid smile

RamboLambo

4,843 posts

185 months

Tuesday 8th November 2016
quotequote all
Beefmeister said:
I've been told by McLaren peeps that the P14 will beat the LT in every measurable metric.
Are they going to say anything but ?

Looking at the mule pics its not a looker

TP321

1,520 posts

213 months

Tuesday 8th November 2016
quotequote all
The spy photos show a very well camouflage car which look production ready. Don't be fooled - it will not look anything like that!

Sarnie

8,225 posts

224 months

Friday 11th November 2016
quotequote all
RamboLambo said:
The Amari 458 Speciale was the first example of the "real" market I guess when it was up at £300k and sold within days as it was a minimum £30k cheaper and more like £50k cheaper than any equivalent spec car on the market at the time.
This looks cheap then??

http://www.pistonheads.com/classifieds/used-cars/f...