Mclaren residuals

[Ex Boy Racer]

Just trying to get people's thoughts. I have been keen on a 720S spider for a while and probably like a lot of us the infamous depreciation increased my desire as there is no way I would spend near enough £300K on a car. However £200K on a 6 month old car with a couple of thousand miles (why don't people drive these cars???) seemed a sweet deal.
The time has come where this is now a reality with nice spiders getting down to he right sort of money so i got in touch with dealers. I normally buy my cars but the dealers are pushing me into a brand new car because the PCP deals make them cheaper than used ones on a per month basis. So, a brand new car with list price of around £300K costs less for 2 years than a 6 month old one that sells for £200K!!!
I'll be the first to admit I don't really get the whole PCP thing (too old I guess) but that situation seems like madness. Surely all it can do is make slightly second hand cars virtually worthless?
From what I can see, the best route forward is to get a brand new one, drive it for 2 years, then if I want to keep a 720 im my life buy a 2 year old one at virtually no money!!!

[Ex Boy Racer]

davek_964 said:

The PCP deals do seem very good on McLaren's at the moment. It's not something I've ever considered - I like to "own" my cars - but if I was looking now, I think it would be hard not to follow your plan.

I knew I'd lose plenty when I bought my 650 and went in with eyes wide open. Even so - the introduction of these PCP deals makes my 650 even more worthless than I thought it would be!

Yep - I have always done the 'own' thing too. Maybe that fools us into thinking the cars cost less than they do though. The PCP total for 2 years is kicking £100K, and the opinion of Mclaren is that that represents a massive saving on the 'real' depreciation. So, £100K for 2 years and maybe 14000 miles. These really are expensive toys.
And, given that the PCP on a second hand one at £200K is more, that must mean that Mclaren think that level of depreciation will continue.
I wonder if these figures are the same for the brands that are purported to depreciate less such as Ferrari.
(I know some of the PCP cost is interest, but a surprisingly small amount to be honest)