Discussion
I'm not seeing the price gap you mention.
Are you looking at coupes or spiders ? There's a moderately significant fresh-air premium which could be confusing matters perhaps.
There seem to be very few post-2019 coupes for sale at any price, but this 2020 seems in line with earlier cars at £134k
https://www.autotrader.co.uk/car-details/202307019...
The handful of 2021/22 coupes are so rare and still under warranty which may command a disproportionate premium I guess.
The spiders seem to be at around £175k for the 2019/20 cars.
Agree with the above.
The thing to bare in mind, if it bothers you, is that the later cars will be worth what the earlier cars are one day.
I think a 2019 Coupe is an insane amount of car for ~£145k but when you see a 20222 car at £200k you know where it will be when you’ve had your fun.
The thing to bare in mind, if it bothers you, is that the later cars will be worth what the earlier cars are one day.
I think a 2019 Coupe is an insane amount of car for ~£145k but when you see a 20222 car at £200k you know where it will be when you’ve had your fun.
Davyt said:
Until someone advertises one for slightly more than a 2019 car the advertised prices are what they are,, I know that sounds crazy but what else can you do about it if you want a newer car ??
The 2020 coupe I linked is in the region of 2019 cars so seems reasonable.Ultimately most coupes on the market are £150k or less. You can pay an extra 25, 30, 50k for a newer car if you really want, but I can't see the point unless there's something else really special about that specific car in terms of spec, colour or condition.
Well this one looks to tick all boxes? Good spec, sensible mileage, full service history. Any thoughts?
https://www.autotrader.co.uk/car-details/202312194...
https://www.autotrader.co.uk/car-details/202312194...
Davyt said:
Warranty ?? On finance so probably a SOR car, and it’s bloody white 
NO McLaren Warranty but I spent 2 hours going through T&Cs of their own warranty and can live it, will get the McLaren check completed also and check out cost, another member said they doing 2 years for price one at the moment.... Going to test drive the car tomorrow, any advice on what to look out for?
The wing is down but it isn’t sitting flush at the top. Might just be the photo but the gap looks huge.
I would be checking the paint on the panel edges under the doors and for internal wear.
I would also stand behind the car and look down into through the grill into the engine bay, not the flutes down to the spoiler, but the grill above that.
There are two uprights, one on the left side and one on the right. See how rusty they are, the go rust on the top and the nut or bolt head can be unbelievably manky. I saw some that looked like they had been under the sea for 10 years.
Unless you are mechanically minded not sure what you can tell.
But check the doors open smoothly and silently and that it all appears straight with good clean paint, scuffs etc.
I would be checking the paint on the panel edges under the doors and for internal wear.
I would also stand behind the car and look down into through the grill into the engine bay, not the flutes down to the spoiler, but the grill above that.
There are two uprights, one on the left side and one on the right. See how rusty they are, the go rust on the top and the nut or bolt head can be unbelievably manky. I saw some that looked like they had been under the sea for 10 years.
Unless you are mechanically minded not sure what you can tell.
But check the doors open smoothly and silently and that it all appears straight with good clean paint, scuffs etc.
Partly it's mileage. 720s are now being treated like Ferraris - anything over 10k significantly hits the price. The trade-in value of my 22k 2018 coupe in July was seriously painful. This is arguably stupid as being driven is one of the cures for many McLaren ills, but it's how the market is working.
Then it's spec. Most buyers seem to want performance interior, lots of interior and exterior carbon and loud colours, so lack of any or all of those will bring the price down as the car struggles to sell.
Then it's the market. They just aren't selling at the moment, so the market is in price discovery mode. Of course dealers don't want to lose money on cars they bought when the market was higher - or paid over the odds for on trade in - and private sellers don't want to accept the pill they've taken, so the market moves lumpily and inconsistently. It's like Porsches used to be - independents showing the actual market price while OPCs still have unrealistic forecourt queens.
And of course it's finance. Not only do most people finance their cars, I think more than the usual proportion of McLaren buyers have been financing theirs. According to my dealer McLaren finance wants 10% interest, so they'll also likely be financing the cars elsewhere and those funders will be predicting 5 figure residuals, so the monthly payments will be substantial even though the prices are lower. I'd imagine that dealers are already paying below £100k for early coupes, considerably below that for the 2017 launch cars that have such a reputation for issues. Whoever is on the hook for the residuals predicted back in 2019 and 2020 when these cars were new must be in a world of pain.
My interim spider, a 2019 car which I thought I'd bought pretty well* in July, had collapsed in book value by December; the dealer had to take some of the pain on trade-in so that I was prepared to complete on my 750. It was in very good shape and, unusually for me, had low miles, but being my car was also in an anti-market spec (belize over black luxury) despite good if slightly unusual options (glass roof, carbon nostrils, interior 1 +2, visible CF A-pillars, but not exterior carbon pack 1 or carbon mirrors). If you want a bargain on a really good condition 720 spider I think it's still at Grange and I imagine James will do you a cracking deal on it; they've had it since September, originally on SOR, and it's still not sold as far as I know.
The linked car has a luxury interior and doesn't have interior carbon pack 2; it's also got 21k. I think it's realistically priced for an official dealer car, what the Americans would call CPO. It's a £120k car outside the official network (bearing in mind that you'd have to add 4.5k for the proper warranty unless you have enormous faith in the indy or want to go down the Thorney route), and McManc will have bought it for £110k or less if they bought it recently. It will struggle to sell because the seats are wrong for the colour - if I were Manchester I'd pick up a set of buckets and fit those.
Remember also that now that 720s are heading towards 5 figure prices for early coupes there will be people waiting for that magic moment. A £90k 720 coupe, when that happens, will be the bargain of the century. They're astonishing cars and a proper event at all times. They're also really neither that problematic nor that expensive to run, especially with a warranty, as long as they're looked after properly.
(* for a given value of "well"; it was always a stupid idea to buy a car I didn't really want despite already having the car I actually wanted on order just because I was impatient to be in a convertible for what turned out to be the wettest summer of recent years immediately followed by non-stop business travel). I drove that car less than 10 times, I think, and less than 1,000 miles, and had it in my hands for less than a month before handing it back to the supplying dealer for some niggles. They delivered it to Grange, who then had it on SOR until my 750 arrived and I had to take my medicine. Not my finest hour, financially speaking)
Then it's spec. Most buyers seem to want performance interior, lots of interior and exterior carbon and loud colours, so lack of any or all of those will bring the price down as the car struggles to sell.
Then it's the market. They just aren't selling at the moment, so the market is in price discovery mode. Of course dealers don't want to lose money on cars they bought when the market was higher - or paid over the odds for on trade in - and private sellers don't want to accept the pill they've taken, so the market moves lumpily and inconsistently. It's like Porsches used to be - independents showing the actual market price while OPCs still have unrealistic forecourt queens.
And of course it's finance. Not only do most people finance their cars, I think more than the usual proportion of McLaren buyers have been financing theirs. According to my dealer McLaren finance wants 10% interest, so they'll also likely be financing the cars elsewhere and those funders will be predicting 5 figure residuals, so the monthly payments will be substantial even though the prices are lower. I'd imagine that dealers are already paying below £100k for early coupes, considerably below that for the 2017 launch cars that have such a reputation for issues. Whoever is on the hook for the residuals predicted back in 2019 and 2020 when these cars were new must be in a world of pain.
My interim spider, a 2019 car which I thought I'd bought pretty well* in July, had collapsed in book value by December; the dealer had to take some of the pain on trade-in so that I was prepared to complete on my 750. It was in very good shape and, unusually for me, had low miles, but being my car was also in an anti-market spec (belize over black luxury) despite good if slightly unusual options (glass roof, carbon nostrils, interior 1 +2, visible CF A-pillars, but not exterior carbon pack 1 or carbon mirrors). If you want a bargain on a really good condition 720 spider I think it's still at Grange and I imagine James will do you a cracking deal on it; they've had it since September, originally on SOR, and it's still not sold as far as I know.
The linked car has a luxury interior and doesn't have interior carbon pack 2; it's also got 21k. I think it's realistically priced for an official dealer car, what the Americans would call CPO. It's a £120k car outside the official network (bearing in mind that you'd have to add 4.5k for the proper warranty unless you have enormous faith in the indy or want to go down the Thorney route), and McManc will have bought it for £110k or less if they bought it recently. It will struggle to sell because the seats are wrong for the colour - if I were Manchester I'd pick up a set of buckets and fit those.
Remember also that now that 720s are heading towards 5 figure prices for early coupes there will be people waiting for that magic moment. A £90k 720 coupe, when that happens, will be the bargain of the century. They're astonishing cars and a proper event at all times. They're also really neither that problematic nor that expensive to run, especially with a warranty, as long as they're looked after properly.
(* for a given value of "well"; it was always a stupid idea to buy a car I didn't really want despite already having the car I actually wanted on order just because I was impatient to be in a convertible for what turned out to be the wettest summer of recent years immediately followed by non-stop business travel). I drove that car less than 10 times, I think, and less than 1,000 miles, and had it in my hands for less than a month before handing it back to the supplying dealer for some niggles. They delivered it to Grange, who then had it on SOR until my 750 arrived and I had to take my medicine. Not my finest hour, financially speaking)
964Cup said:
Partly it's mileage. 720s are now being treated like Ferraris - anything over 10k significantly hits the price. The trade-in value of my 22k 2018 coupe in July was seriously painful. This is arguably stupid as being driven is one of the cures for many McLaren ills, but it's how the market is working.
Then it's spec. Most buyers seem to want performance interior, lots of interior and exterior carbon and loud colours, so lack of any or all of those will bring the price down as the car struggles to sell.
Then it's the market. They just aren't selling at the moment, so the market is in price discovery mode. Of course dealers don't want to lose money on cars they bought when the market was higher - or paid over the odds for on trade in - and private sellers don't want to accept the pill they've taken, so the market moves lumpily and inconsistently. It's like Porsches used to be - independents showing the actual market price while OPCs still have unrealistic forecourt queens.
And of course it's finance. Not only do most people finance their cars, I think more than the usual proportion of McLaren buyers have been financing theirs. According to my dealer McLaren finance wants 10% interest, so they'll also likely be financing the cars elsewhere and those funders will be predicting 5 figure residuals, so the monthly payments will be substantial even though the prices are lower. I'd imagine that dealers are already paying below £100k for early coupes, considerably below that for the 2017 launch cars that have such a reputation for issues. Whoever is on the hook for the residuals predicted back in 2019 and 2020 when these cars were new must be in a world of pain.
My interim spider, a 2019 car which I thought I'd bought pretty well* in July, had collapsed in book value by December; the dealer had to take some of the pain on trade-in so that I was prepared to complete on my 750. It was in very good shape and, unusually for me, had low miles, but being my car was also in an anti-market spec (belize over black luxury) despite good if slightly unusual options (glass roof, carbon nostrils, interior 1 +2, visible CF A-pillars, but not exterior carbon pack 1 or carbon mirrors). If you want a bargain on a really good condition 720 spider I think it's still at Grange and I imagine James will do you a cracking deal on it; they've had it since September, originally on SOR, and it's still not sold as far as I know.
The linked car has a luxury interior and doesn't have interior carbon pack 2; it's also got 21k. I think it's realistically priced for an official dealer car, what the Americans would call CPO. It's a £120k car outside the official network (bearing in mind that you'd have to add 4.5k for the proper warranty unless you have enormous faith in the indy or want to go down the Thorney route), and McManc will have bought it for £110k or less if they bought it recently. It will struggle to sell because the seats are wrong for the colour - if I were Manchester I'd pick up a set of buckets and fit those.
Remember also that now that 720s are heading towards 5 figure prices for early coupes there will be people waiting for that magic moment. A £90k 720 coupe, when that happens, will be the bargain of the century. They're astonishing cars and a proper event at all times. They're also really neither that problematic nor that expensive to run, especially with a warranty, as long as they're looked after properly.
(* for a given value of "well"; it was always a stupid idea to buy a car I didn't really want despite already having the car I actually wanted on order just because I was impatient to be in a convertible for what turned out to be the wettest summer of recent years immediately followed by non-stop business travel). I drove that car less than 10 times, I think, and less than 1,000 miles, and had it in my hands for less than a month before handing it back to the supplying dealer for some niggles. They delivered it to Grange, who then had it on SOR until my 750 arrived and I had to take my medicine. Not my finest hour, financially speaking)
What a fabulous, well written and thoughtful post Then it's spec. Most buyers seem to want performance interior, lots of interior and exterior carbon and loud colours, so lack of any or all of those will bring the price down as the car struggles to sell.
Then it's the market. They just aren't selling at the moment, so the market is in price discovery mode. Of course dealers don't want to lose money on cars they bought when the market was higher - or paid over the odds for on trade in - and private sellers don't want to accept the pill they've taken, so the market moves lumpily and inconsistently. It's like Porsches used to be - independents showing the actual market price while OPCs still have unrealistic forecourt queens.
And of course it's finance. Not only do most people finance their cars, I think more than the usual proportion of McLaren buyers have been financing theirs. According to my dealer McLaren finance wants 10% interest, so they'll also likely be financing the cars elsewhere and those funders will be predicting 5 figure residuals, so the monthly payments will be substantial even though the prices are lower. I'd imagine that dealers are already paying below £100k for early coupes, considerably below that for the 2017 launch cars that have such a reputation for issues. Whoever is on the hook for the residuals predicted back in 2019 and 2020 when these cars were new must be in a world of pain.
My interim spider, a 2019 car which I thought I'd bought pretty well* in July, had collapsed in book value by December; the dealer had to take some of the pain on trade-in so that I was prepared to complete on my 750. It was in very good shape and, unusually for me, had low miles, but being my car was also in an anti-market spec (belize over black luxury) despite good if slightly unusual options (glass roof, carbon nostrils, interior 1 +2, visible CF A-pillars, but not exterior carbon pack 1 or carbon mirrors). If you want a bargain on a really good condition 720 spider I think it's still at Grange and I imagine James will do you a cracking deal on it; they've had it since September, originally on SOR, and it's still not sold as far as I know.
The linked car has a luxury interior and doesn't have interior carbon pack 2; it's also got 21k. I think it's realistically priced for an official dealer car, what the Americans would call CPO. It's a £120k car outside the official network (bearing in mind that you'd have to add 4.5k for the proper warranty unless you have enormous faith in the indy or want to go down the Thorney route), and McManc will have bought it for £110k or less if they bought it recently. It will struggle to sell because the seats are wrong for the colour - if I were Manchester I'd pick up a set of buckets and fit those.
Remember also that now that 720s are heading towards 5 figure prices for early coupes there will be people waiting for that magic moment. A £90k 720 coupe, when that happens, will be the bargain of the century. They're astonishing cars and a proper event at all times. They're also really neither that problematic nor that expensive to run, especially with a warranty, as long as they're looked after properly.
(* for a given value of "well"; it was always a stupid idea to buy a car I didn't really want despite already having the car I actually wanted on order just because I was impatient to be in a convertible for what turned out to be the wettest summer of recent years immediately followed by non-stop business travel). I drove that car less than 10 times, I think, and less than 1,000 miles, and had it in my hands for less than a month before handing it back to the supplying dealer for some niggles. They delivered it to Grange, who then had it on SOR until my 750 arrived and I had to take my medicine. Not my finest hour, financially speaking)
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