720s Below 200K Already
Discussion
I keep looking at the Macs and don’t profess to be rich! Each time I look with the thought of getting into one my research has said hold for a while unless you want to loose a packet!
In the main we all know owing a car has a cost but to many of the newer breed buying these cars nowadays I am sure they do NOT want to be doing their brains so to speak,IMO it is of relative importance as I am sure it is to others.
Seeing what looks like a great examplehttps://www.pistonheads.com/classifieds/used-cars/mclaren/720s/mclaren-720s-lux--superb-colour-andamp-low-miles--october/8953489#/home from a trusted seller says to me what chance is there of selling cars advertised at £220-250k. That means this car has taken a ridiculous hit for just nominal mileage!
Surely this can’t continue without seriously affecting the sale of new cars? I can even see this having an affect on other brands! Once a 720s that is nearly new starts hitting £175k to me it makes a 2012/2013 458 look bloody expensive, at this point I think used Maccas could start stealing buyers from other brands due to price points!
It’s kooking like a slippery slope but maybe Mclaren see the World as their Oyster and aren’t partially worried about a few UK customers getting burnt!
I think the once bitten scenario could well kick in here.
Anyway it’s looking like great news for lurkers like me who fancy a dable in the near future!
In the main we all know owing a car has a cost but to many of the newer breed buying these cars nowadays I am sure they do NOT want to be doing their brains so to speak,IMO it is of relative importance as I am sure it is to others.
Seeing what looks like a great examplehttps://www.pistonheads.com/classifieds/used-cars/mclaren/720s/mclaren-720s-lux--superb-colour-andamp-low-miles--october/8953489#/home from a trusted seller says to me what chance is there of selling cars advertised at £220-250k. That means this car has taken a ridiculous hit for just nominal mileage!
Surely this can’t continue without seriously affecting the sale of new cars? I can even see this having an affect on other brands! Once a 720s that is nearly new starts hitting £175k to me it makes a 2012/2013 458 look bloody expensive, at this point I think used Maccas could start stealing buyers from other brands due to price points!
It’s kooking like a slippery slope but maybe Mclaren see the World as their Oyster and aren’t partially worried about a few UK customers getting burnt!
I think the once bitten scenario could well kick in here.
Anyway it’s looking like great news for lurkers like me who fancy a dable in the near future!
Edited by Juno on Monday 15th July 13:06
Lots of good points and differing opinions but won’t this ultimately damage McLarens progress? Surely any good business needs an amount of repeat customers to stay with the brand to grow and prosper! You can’t keep hitting people for a 100k every two years and expect them to keep coming back for more!
Are the cars too expensive from the off?
Are the cars too expensive from the off?
Lots of good points and differing opinions but won’t this ultimately damage McLarens progress? Surely any good business needs an amount of repeat customers to stay with the brand to grow and prosper! You can’t keep hitting people for a 100k every two years and expect them to keep coming back for more!
Are the cars too expensive from the off?
Are the cars too expensive from the off?
Edited by Juno on Monday 20th August 16:03
MDL111 said:
seems to have always worked reasonably well for Ferrari 12 cylinder buyers, Porsche Turbo and GT2, Mercedes S63/65, BMW V12 7-series etc buyers etc though. Enough to support the number produced anyway.
The issue is nowadays I think there are just too many car being produced vs the number of buyers (new and used) who really want to own them even if they cost a ton of money. I believe a lot of these (let's call them new/recent) buyers will disappear again and then values across the board will plummet (as opposed to recover).
Only last year I seriously thought about one of these https://www.pistonheads.com/classifieds/used-cars/... circa £165k-175k back then,surely they can’t go much lower, can they? You don’t appear to be marginally safe even if buying used? That would have been a £50k hit in 12 months and for a couple of thousand miles, that’s crazy!The issue is nowadays I think there are just too many car being produced vs the number of buyers (new and used) who really want to own them even if they cost a ton of money. I believe a lot of these (let's call them new/recent) buyers will disappear again and then values across the board will plummet (as opposed to recover).
Edited by Juno on Monday 20th August 16:16
MDL111 said:
Jules360 said:
_Leg_ said:
RamboLambo said:
I think the LT has to be tracked to be truly appreciated.
Please PM me when you book a track day and I'll come along.
Me too, I'll fly over to see that
https://youtu.be/Pm3_KYmcQK0
RamboLambo said:
The norm for performance spec seems to be £230- £240k.
Luxury spec seems less desirable and early launch spec luxury cars the cheapest of the lot. If that spec suits you or you are not too bothered then you cant go to far wrong with an entry launch spec luxury car between £200k and £220K. If you are lucky enough to spot the odd £199k car they are being snapped up immediately as people realise that's an insane price for this supercar but its not the norm.
If I was looking I would buy the A Bols yellow car up at £220k. Looks fantastic and a decent spec 2018 car that's literally been used for one foreign trip hence the 3,000 miles in 4 months
Well its not been snapped up yet Luxury spec seems less desirable and early launch spec luxury cars the cheapest of the lot. If that spec suits you or you are not too bothered then you cant go to far wrong with an entry launch spec luxury car between £200k and £220K. If you are lucky enough to spot the odd £199k car they are being snapped up immediately as people realise that's an insane price for this supercar but its not the norm.
If I was looking I would buy the A Bols yellow car up at £220k. Looks fantastic and a decent spec 2018 car that's literally been used for one foreign trip hence the 3,000 miles in 4 months
https://www.alastairbols.com/cars/c6a417/cars-for-...
Somewhat of a bargain
Edited by Juno on Wednesday 5th September 17:34
So he is selling the car that doubles his money and keeps the other one basically for free!!! sounds like more of a man math's conclusion to me 
BlackR8 said:
Interesting how Salomondrin on Youtube has only just got his Porsche 911 GT2 RS and has decided to sell it as he feels the McLaren 720S he has beats it in most categories and is the one to keep. The market suggests that keeping the GT2 RS and selling the 720S would be the right thing to do in respect to residuals but nice to see someone bucking the trend and keeping the car that he enjoys more rather than picking one based on whether it may or may not depreciate.
Heres a serious answer "THIS IS WHY I AM SO PLEASED I DID NOT BUY A Mclaren" This has to be the most blatant statement to show how overpriced their cars are which is why residuals are so poor. My guess is the dealer margin would be circa 7-8% so Mclaren will be dipping in to support the sale of this car with £40k off. I feel sorry for anyone sitting on a nearly new or 1-2 year old 570 of any description. This is just a case of a manufacturer looking for registrations at all costs and to hell with other customers who have already bought recently 
All IMO of course 
I
Is this a good deal or am I buying a car ready to plummet in value if a dealer is prepared to knock off £40k on a new car? I currently have a GT3 Touring and was looking to try and get a new GT3RS to go with it but this 570GT seems unbelievable value with £40k contribution.
I'm not trying to start another values and depreciation thread just wanting some knowledgeable advice as I know very little about McLaren's. Is this car a good spec or is it missing things that it really needs?Keep the GT3 Touring!
I was half tempted to look at this McLaren but to seriously make it worth coming out of a 2. GT3 it would really have to be a 720.
The other point is that from my experience cars that are heavily discounted new are cheap for a reason and will continue depreciating more than the norm. Worth thinking about.
All IMO of course I
av185 said:
MartinRS2K said:
av185 said:
Just received this e mail from McLaren Manchester: 
Serious question.Is this a good deal or am I buying a car ready to plummet in value if a dealer is prepared to knock off £40k on a new car? I currently have a GT3 Touring and was looking to try and get a new GT3RS to go with it but this 570GT seems unbelievable value with £40k contribution.
I'm not trying to start another values and depreciation thread just wanting some knowledgeable advice as I know very little about McLaren's. Is this car a good spec or is it missing things that it really needs?
I was half tempted to look at this McLaren but to seriously make it worth coming out of a 2. GT3 it would really have to be a 720.
The other point is that from my experience cars that are heavily discounted new are cheap for a reason and will continue depreciating more than the norm. Worth thinking about.
That's a flat rate of circa 3.9% so the dealer wont be getting bugger all out of that other than a £25 document fee
PompeyReece said:
Looking at the advert, is the £40k dealer deposit conditional of a finance deal? If so, would the dealer not be recovering costs from the finance deal of 7.8%?
Well said and correct IMO
nyxster said:
He is a serial car flipper, he bad mouthes Ferrari because he's already on their black list. He made a big song and dance about not buying any more new cars because he only bought the GT2 to flip, and only bought the 918 to get on the VIP list and knows he'll get blacklisted from them too when he cashes out the GT2
He's only keeping the McLaren and saying how good it is so he can get a Senna allocation to flip, and he made endless Mercedes content on every car in the dealership to try and get the AMG to flip.
He's only keeping the McLaren and saying how good it is so he can get a Senna allocation to flip, and he made endless Mercedes content on every car in the dealership to try and get the AMG to flip.
av185 said:
garyhun said:
garyhun said:
johnnyreggae said:
av185 said:
Just received this e mail from McLaren Manchester:
O/T but what does that work out as monthly & balloon ?It would be interesting to see what they would take as a cash offer on that car but I would imagine it would not be the £40k discount off list which presumably has some finance uplift included from the dealer.
Nothing,Zilch,Diddly Squat and nothing that covers anything anywhere near a £40K discount / contribution
It's a simple case of the car NOT being worth £185k and McLaren know it!!!! Simple as!
Edited by Juno on Saturday 6th October 00:04
Banks borrow from the market, finance company borrow from banks,dealer fronts for finance company so buy the time the deal hits the dealer the flat rate before commission starts accruing is around 3.5%
mcl570 said:
With a 7.9% APR the dealer will definitely be making money from the finance... it will be nowhere near 40k but I imagine it will be a couple of thousand.
ferdi p said:
If the deal is subject to having to take the finance, you simply take the finance & pay it off within 14 days or so...
Nowt they can do.
I got 20k off an i8 once & paid the finance off 5 days later, it cost me £133.
Correct and did you know sometimes the finance company charge the allowance back to the dealer in such cases for NOT qualifying the customer correctly Nowt they can do.
I got 20k off an i8 once & paid the finance off 5 days later, it cost me £133.
ferdi p said:
Juno said:
ferdi p said:
If the deal is subject to having to take the finance, you simply take the finance & pay it off within 14 days or so...
Nowt they can do.
I got 20k off an i8 once & paid the finance off 5 days later, it cost me £133.
Correct and did you know sometimes the finance company charge the allowance back to the dealer in such cases for NOT qualifying the customer correctly Nowt they can do.
I got 20k off an i8 once & paid the finance off 5 days later, it cost me £133.
I received a call from BMW financial services asking why I was paying it off (I think they wanted to find out if the dealer was complicit) I told them that I'd unexpectedly had a large bonus at work & therefore no longer needed the finance.
Obviously the dealer knew exactly what was going on but I'm no grass!
mcl570 said:
Having worked in finance, it will probably pay 5k max... depending on the finance house.
I'm not here to argue about it, I am just stating through previous experience.
And even if it did which I don’t think it will there will be a claw back if the deal doesn’t run to full term which they very rareley do!I'm not here to argue about it, I am just stating through previous experience.
mcl570 said:
Having worked in finance, it will probably pay 5k max... depending on the finance house.
I'm not here to argue about it, I am just stating through previous experience.
And even if it did which I don’t think it will there will be a claw back if the deal doesn’t run to full term which they very rareley do!I'm not here to argue about it, I am just stating through previous experience.
Buster73 said:
I was in negotiations for a Porsche a few years ago at an OPC, I mentioned paying the finance off within the fortnight, he was implying I kept it on finance for three months before paying it off would be better for the dealer.
The whole situation of finance deposits is a joke ! It's the maufactuer that offers them to assist selling their own cars. Then when customers take up the offer and decides within their legal rghts to pay it off the manufacturer gets arsy with the dealer and trys to take the money back from the dealer saying the dealer miss sold the car!!!
Incredible,just imagine what the manufactuer would say if the customer rang them and said "your dealer won't give me the finance deposit allowancd because he thinks I look like the type of person who might pay it off in a few weeks"
Manufacturer reply to dealer
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