New 540C vs. Used 570GT
Discussion
I'm considering my options and it seems I could pick up a new 540C for the same sort of money as a Used 570GT. Obviously, you're probably thinking it's a no-brainer to go down the 570GT route, however I'd be buying on finance. I'm very concerned that the HP with balloon option (used cars), doesn't offer the same security as the PCP (new cars), where you can just hand back at the end of the term *if* worst came to the worst; plus there's no chance of negative equity with a GFV.
The thing is though, I really love the profile of the GT, and the extra power of course would always be preferable, even though the 540C is dimensions above anything I've owned before.
I know this has to be a heart over head purchase, but I don't want to end up in negative equity down the line, and I want to fully enjoy the car I buy, without worrying about the financial side of the ownership. There's also the added benefit of warranty with the new car of course.
My other consideration is a 2013/14 Porsche 911 GT3 PDK, which I feel would hold its value well, but of course I understand I'm on a McLaren forum here; it's just those cars come used with a 2 year warranty from Porsche dealerships, and the GT products seem to retain their values very well; on the face of it at least.
Any advice would be greatly appreciated, thanks!
The thing is though, I really love the profile of the GT, and the extra power of course would always be preferable, even though the 540C is dimensions above anything I've owned before.
I know this has to be a heart over head purchase, but I don't want to end up in negative equity down the line, and I want to fully enjoy the car I buy, without worrying about the financial side of the ownership. There's also the added benefit of warranty with the new car of course.
My other consideration is a 2013/14 Porsche 911 GT3 PDK, which I feel would hold its value well, but of course I understand I'm on a McLaren forum here; it's just those cars come used with a 2 year warranty from Porsche dealerships, and the GT products seem to retain their values very well; on the face of it at least.
Any advice would be greatly appreciated, thanks!
Thanks for the replies. I do want the fun and excitement, but I don't want the financial anxiety to over-power that is all. I of course understand that this isn't a P1 and it won't go up in value before settling at double its RRP. I fully expect financial loss in the ownership of any car I'm looking at, GT3-inclusive; it's just how much loss and whether said loss will surpass the final values that are suggested on the agreement.
I've spoken to several garages, with one standing out above them all in terms of service and much lower monthly figures, but the balloons are the part of the deal that my crystal ball isn't sitting right with.
The non-guaranteed values are:
66 plate 540c (currently on 13k miles) with 36 month deal... £74k non-guaranteed balloon
17 plate 570GT (currently at 8k miles) with 48 month deal... £85k non-guaranteed balloon
I'd estimate a likely 6k miles per annum on my part, taking the cars to 31k and 32k respectively.
This is where the guaranteed value of a new 540c would feel "safer", but of course there is the initial depreciation, although a good discount would help with this aspect in some ways.
I've spoken to several garages, with one standing out above them all in terms of service and much lower monthly figures, but the balloons are the part of the deal that my crystal ball isn't sitting right with.
The non-guaranteed values are:
66 plate 540c (currently on 13k miles) with 36 month deal... £74k non-guaranteed balloon
17 plate 570GT (currently at 8k miles) with 48 month deal... £85k non-guaranteed balloon
I'd estimate a likely 6k miles per annum on my part, taking the cars to 31k and 32k respectively.
This is where the guaranteed value of a new 540c would feel "safer", but of course there is the initial depreciation, although a good discount would help with this aspect in some ways.
Oh gosh, no nothing like double digits. In fact it’s a really good rate... around 3% less than every other dealer I’ve spoken to tbh.
It’s not that it’s a stretch... it’s that I want the comfort of knowing there’s a chance of being no worse than selling at the balloon figure down the line, and not ending up in £10-15k of neg equity.
It’s not that it’s a stretch... it’s that I want the comfort of knowing there’s a chance of being no worse than selling at the balloon figure down the line, and not ending up in £10-15k of neg equity.
My completely unfounded opinion and thoughts are the 570 models will level out around £80k, and therefore the 540 models around £70k in two to three years. That would be trade levels though, hence me being so concerned about the non-guaranteed values.
There’s bound to be £10-12k or so room in each car on a forecourt, taking prep/warranty/profit in to account.
As I say, completely unfounded with nothing other than gut feeling; I’m more than happy to be wrong.
There’s bound to be £10-12k or so room in each car on a forecourt, taking prep/warranty/profit in to account.
As I say, completely unfounded with nothing other than gut feeling; I’m more than happy to be wrong.
RSbandit said:
I had a test drive in a 570GT a few months, wonderful thing very exotic and very quick ( I currently have a V12VS). I was happy to stick with the Vantage for the time being as although I really like what McLaren are doing on an engineering level ( carbon tub etc ) the ongoing servicing capacity issues and the high depreciation on new models is hard to ignore. I think if a 570GT can be had for sub 100k in a couple of yrs I’d be jumping in at that point as it’s defo an itch I’ll need to scratch...but buying a new one now is just a sure fire way to rinse a load of cash quickly.
I love the V12 Astons... the noise is hard to beat. If I could step up to a 458 I would, but they seem to be climbing, not falling!!av185 said:
If you are on for a GT3 then I would recommend you check the previous threads as the later (2015 onwards) cars had engine valve train revisions as did the GT3 RS.
If you get this far there is a list of the engine numbers for the later engines.
Uh oh... are they back to IMS-type scenarios with certain models?If you get this far there is a list of the engine numbers for the later engines.
av185 said:
If you are on for a GT3 then I would recommend you check the previous threads as the later (2015 onwards) cars had engine valve train revisions as did the GT3 RS.
If you get this far there is a list of the engine numbers for the later engines.
Uh oh... are they back to IMS-type scenarios with certain models?If you get this far there is a list of the engine numbers for the later engines.
No need to argue :-) I don’t care what people think about whether I can afford the car or not; they don’t know my financial situation to know whether I could afford 10 of the things or should be aiming my sights at a Renault Clio :-)
My question initially was simply about the best finance route to go down, as I don’t like throwing large amounts of cash in to a car. It simply doesn’t appeal.
My question initially was simply about the best finance route to go down, as I don’t like throwing large amounts of cash in to a car. It simply doesn’t appeal.
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