Why are Mclarens the exception?

Why are Mclarens the exception?

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PHOENIXUK

Original Poster:

2,198 posts

206 months

Wednesday 16th December 2015
quotequote all
http://www.pistonheads.com/classifieds/used-cars/m...

This looks really well (hate to think what they paid for it)and I understand they drive fantastic so why when it appears anything else remotly sporty is going up in value are these falling through the floor?

AyBee

10,624 posts

207 months

Wednesday 16th December 2015
quotequote all
c.£31/mile based on the list price yikes Although I'd be fairly certain the first owner didn't pay that of course!

Is it a press car?

My guess would be that it's based on the age and history of McLaren as a car maker. Car makers who have history make it easy to see which cars are going to be outstanding/special (i.e. Porsche GT cars) and therefore which will keep their value. McLaren don't have that yet.

RamboLambo

4,843 posts

175 months

Wednesday 16th December 2015
quotequote all
PHOENIXUK said:
http://www.pistonheads.com/classifieds/used-cars/m...

This looks really well (hate to think what they paid for it)and I understand they drive fantastic so why when it appears anything else remotly sporty is going up in value are these falling through the floor?
Granted the initial hit from new list price seems ridiculous but not many are sold at full retail.
Even so its still one hell of a loss in 12 months making them the bargain supercar buy of the moment.
With production of 650S coming to an end with 675 LT and 570S taking over there has been a little glut of the last production cars and its all about supply and demand.
I think this is probably the low point and a good time to buy a 650s Spider especially when 675 LT spiders will be sold at full list and well over £300k with options.

McLaren brand is still playing catch up with the big long established players like Ferrari and Lamborghini and despite the McLaren being far superior IMHO it is not reflected in the residual used car price YET.
Brand awareness is improving rapidly and with it demand is growing, so it wont be long before early 12c/650S product, which are low production volumes worldwide (3,500 & 2,500 respectively worldwide ), become very sought after cars.

My advice is pick up a bargain used spider run and enjoy it for > 5 years and be pleasantly surprised how much its worth in the medium to long term.
If someone can seriously advertise a 2007 F430 spider currently for £145,000 I would hate to think how much a 650S spider will be worth when its 8 years old.

Seriously undervalued supercar and one for the future wink

gregf40

1,114 posts

121 months

Wednesday 16th December 2015
quotequote all
RamboLambo said:
McLaren brand is still playing catch up with the big long established players like Ferrari and Lamborghini and despite the McLaren being far superior IMHO it is not reflected in the residual used car price YET.
If that logic applied - why have Nissan GTR's held the value so well and not tanked?

purpleperil

1,214 posts

289 months

Wednesday 16th December 2015
quotequote all
And now SOLD

andrew

10,053 posts

197 months

Wednesday 16th December 2015
quotequote all
PHOENIXUK said:
http://www.pistonheads.com/classifieds/used-cars/m...

This looks really well (hate to think what they paid for it)and I understand they drive fantastic so why when it appears anything else remotly sporty is going up in value are these falling through the floor?
unfortunately, mclaren are knocking out as many cars as they can, sometimes discounting heavily, upgrading models every two years or so without doing anything genuinely new - a classic recipe for depreciation

RamboLambo

4,843 posts

175 months

Wednesday 16th December 2015
quotequote all
purpleperil said:
And now SOLD
Are congratulations in order then ???

Must admit its a lovely spec and looking car. I was split between pearl white and Volcano red when I bough mine. It does look lovely, just though there were too many white cars in general on the road these days

boxerTen

502 posts

209 months

Wednesday 16th December 2015
quotequote all
The price drop for this example isn't particularly representative given it must have been optioned up to the eyeballs to weigh in at 270k new.

I don't see McLarens dropping any faster than any other vanilla supercar (458, Huracan etc). And I bet 675LT prices will go the same way as those of other limited edition supercars.


Pork

9,453 posts

239 months

Wednesday 16th December 2015
quotequote all
I think it's peculiar that other cars are not dropping and, medium term, it'll be those that will return to price drops rather than McLaren changing to an appreciating asset.

PHOENIXUK

Original Poster:

2,198 posts

206 months

Friday 18th December 2015
quotequote all
Pork said:
I think it's peculiar that other cars are not dropping and, medium term, it'll be those that will return to price drops rather than McLaren changing to an appreciating asset.
So what you are saying here is that ALL the other manufacturers are the exceptions and McLaren is the norm. OK.

gregf40

1,114 posts

121 months

Friday 18th December 2015
quotequote all
Pork said:
I think it's peculiar that other cars are not dropping and, medium term, it'll be those that will return to price drops rather than McLaren changing to an appreciating asset.
I would agree with you.

tuffer

8,871 posts

272 months

Friday 18th December 2015
quotequote all
Wow, I have literally just come from the McL showroom after speccing up a 570S that came in at £166K so this seems like a bargain second hand.

mikey k

13,014 posts

221 months

Friday 18th December 2015
quotequote all
Very poor example to use for this point?
That white 650 is a very early 650 so possibly late 2013 so upto 2 years old
As others have said none ltd edition cars NEVER sell at list
They have listed the options individually when a lot were sold in packs that were a lot less than buying them as listed.
So a car dealer has inflated the list price to make his car look a bargain and some one has obviously fallen for it wink

TP321

1,499 posts

203 months

Friday 18th December 2015
quotequote all
mikey k said:
Very poor example to use for this point?
That white 650 is a very early 650 so possibly late 2013 so upto 2 years old
As others have said none ltd edition cars NEVER sell at list
They have listed the options individually when a lot were sold in packs that were a lot less than buying them as listed.
So a car dealer has inflated the list price to make his car look a bargain and some one has obviously fallen for it wink
Its a 64 plate...

Boshly

2,776 posts

241 months

Friday 18th December 2015
quotequote all
TP321 said:
mikey k said:
Very poor example to use for this point?
That white 650 is a very early 650 so possibly late 2013 so upto 2 years old
As others have said none ltd edition cars NEVER sell at list
They have listed the options individually when a lot were sold in packs that were a lot less than buying them as listed.
So a car dealer has inflated the list price to make his car look a bargain and some one has obviously fallen for it wink
Its a 64 plate...
It's the spitting image of mine except for the interior colour and mine has leather, and the 'wheel is on the 'wrong' side smile

Mine was specced to £273k (I have the McLaren dealers list and costs) and is similarly a sep 2014 car. It was an MCL car as I guess was this one, thus the 'money no object' spec choice.

RamboLambo

4,843 posts

175 months

Friday 18th December 2015
quotequote all
Ex McLaren cars have the stigma of demo/PR cars thrashed to within an inch of their lifes by journos and maybe the price reflects this. I must admit even after recon/prep it would put me off a bit and I want it to be cheaper

Boshly

2,776 posts

241 months

Saturday 19th December 2015
quotequote all
RamboLambo said:
Ex McLaren cars have the stigma of demo/PR cars thrashed to within an inch of their lifes by journos and maybe the price reflects this. I must admit even after recon/prep it would put me off a bit and I want it to be cheaper
You really do work hard at making people dislike you don't you? I assume the Diplomatic Corps is not where you work?

You are right of course, woe betide anyone who buys an MCL car as they're a crock of ste rolleyes

And to pre-empt your probable quote analysis retort; more often than not its not what you say but how you say it.....

hunter 66

3,978 posts

225 months

Saturday 19th December 2015
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Maybe because made of silly carbon fibre which does not corrode as well ...........so not as much fun to restore later

Brital

105 posts

126 months

Saturday 19th December 2015
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I am more surprised people would buy at this price from a non main dealer. I bought mine from McLaren London for only a tiny bit more back in the summer and imho it's a much nicer, better and more supportive experience with peace of mind. My specs are different and it is a later car - but each to their own.

For me it's not about money, though. This is already becoming a resurgent new icon of the British motor industry. The combination of presence, performance, engineering pedigree and sheer driving comfort told me I would regret not having one. A drive from the South Coast to Silverstone for a weekend told me I was right!! My Astons get some looks and comments, but all who saw the 650S Spider (even in discrete Aurora Blue) were to my surprise quite simply transfixed.

I have driven various 430s, 458s, F12 Berlinetta, Aventadors, Galllardos and a Huracan and all are great cars. But whilst the Horse and Bull brigades are of course entitled to their favourites, for me - and all those who come over at petrol stations, car parks and even wave and give the thumbs up on the road (including several with blue lights on their roofs) the McLaren 650S is very special. Diss it if you will, but it might be wise to do so "sotto voce". The car reminds me in a way of a curious cross between a Bulldog and a Greyhound. History seems to retain great affectation for rare British artefacts, as do most of the British public. So I'm not worried about my car's residual value. I might however be worried for the safety of someone rash enough to tell an admiring filling station or Goodwood crowd they were delusional not to prefer Latin!

Edited by Brital on Saturday 19th December 17:05

bordseye

2,020 posts

197 months

Saturday 26th December 2015
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Thats an admirable attitude but I am not sure that you are being realistic. You only have to compare Aston with Ferrari. In my youth, the two were at a similar level brand wise. If anything Aston was a bit more up market. Now its more of a Porker equivalent and even Ferrari arent top of the tree. But certainly it looks to me as if Italian is generally far more attractive than British to most buyers.