Mclaren depreciation
Discussion
Just thinking about this and from what I can see in the classifieds with 3 yo 570s' surely depreciation of 40-50% on a 3 yo car is to be expected? So new 570s listed at 170k incl options 3 yrs ago seem to be priced between 90-100k now...that would appear to me to be an expected level of depreciation no? My Vantage listed at 160k in 2015 and I paid a little over half that for it last yr...seems standard enough. A certain YouTuber was moaning about his 720s when he revealed he'd taken a massive hit of £5k on it when he got out after 3 months or so in 2017...seriously. Maybe Ferrari and Porsche have shown much gentler curves given the silly environment we've been in but 50% down after 3 yrs seems fair enough to me.
RSbandit said:
Just thinking about this and from what I can see in the classifieds with 3 yo 570s' surely depreciation of 40-50% on a 3 yo car is to be expected?
Fully agree - certainly for modern cars with a normal model replacement cycle. There may be exceptions for limited editions with tightly controlled quantities, of course. So perhaps the 675LT is on a different curve compared to a 650C.
I had hoped my V12 Vantage would be an exception when they announced the V12VS as an automated manual only, but then they had the manual version show up.
12pack said:
RSbandit said:
Just thinking about this and from what I can see in the classifieds with 3 yo 570s' surely depreciation of 40-50% on a 3 yo car is to be expected?
Fully agree - certainly for modern cars with a normal model replacement cycle. There may be exceptions for limited editions with tightly controlled quantities, of course. So perhaps the 675LT is on a different curve compared to a 650C.
I had hoped my V12 Vantage would be an exception when they announced the V12VS as an automated manual only, but then they had the manual version show up.
topboss said:
TGE never moaned about losing 5k he said he was very fortunate to get out with such a minimal loss stating it would have cost him that to rent one for a week/weekend. His gripes with the car were down to reliability/build issues etc.
He stated 6 issues as to why he sold his 720s after 8 weeks and since then constantly has a go at McLaren stating they are a disgrace.2 of the issues were he lost a key and the depreciation...of which he lost £5k in 8 weeks.
He requires sensationalism in order to gain views which in turn create revenue which creates his income.
Having an agenda like that and explaining why McLaren is such a poor manufacturer based on his 6 week experience seriously reduces his credibility.
Yes there are issues, just like every other manufacturer out there. Most are fixed, some slip through the net.
Depreciation is for the hardy for anyone purchasing a year old or less McLaren but i doubt these buyers go into it with their eyes shut.
At 3 years, like most expensive cars they are near the sweet spot of depreciation slowing down.
Expensive warranty, but pretty near covers everything.
Not much else look like them or goes like them, and are as easy to drive or to live with.
I decided to buy a 3yr old car rather than worrying about what it may be worth next year; i know i would of regretted it in years to come not getting one far, far more than i would regret about losing some money on one.
Chap I know who arranges finnances on cars (For other people) said a client of his lost 100K in 10 months on a new Mac. I presume he knows a lot more people like this.
2nd hand they might seem like a bargain, particularly 720s. As for new, you would have be mental or just wealthy enoug to not care.
2nd hand they might seem like a bargain, particularly 720s. As for new, you would have be mental or just wealthy enoug to not care.
topboss said:
TGE never moaned about losing 5k he said he was very fortunate to get out with such a minimal loss stating it would have cost him that to rent one for a week/weekend. His gripes with the car were down to reliability/build issues etc.
Has he ever talked about the actual figures on the Aventador SV?bertie said:
Has he ever talked about the actual figures on the Aventador SV?
No idea. His old Aventador lp740 is still at Top555 looking for a new home. Lambo aren’t far behind Mclaren in the deprecation stakes. I have first hand experience of that having moved a Perf Coupe and Spider on within the last year.Never you mind said:
Chap I know who arranges finnances on cars (For other people) said a client of his lost 100K in 10 months on a new Mac. I presume he knows a lot more people like this.
2nd hand they might seem like a bargain, particularly 720s. As for new, you would have be mental or just wealthy enoug to not care.
I'm not particularly wealthy, in the scheme of things, I don't reckon I'm mental either but I bought a new 570S - the best money I have ever spent - certainly not an investment but a thing of immense enjoyment 2nd hand they might seem like a bargain, particularly 720s. As for new, you would have be mental or just wealthy enoug to not care.
.Matty3 said:
Never you mind said:
Chap I know who arranges finnances on cars (For other people) said a client of his lost 100K in 10 months on a new Mac. I presume he knows a lot more people like this.
2nd hand they might seem like a bargain, particularly 720s. As for new, you would have be mental or just wealthy enoug to not care.
I'm not particularly wealthy, in the scheme of things, I don't reckon I'm mental either but I bought a new 570S - the best money I have ever spent - certainly not an investment but a thing of immense enjoyment 2nd hand they might seem like a bargain, particularly 720s. As for new, you would have be mental or just wealthy enoug to not care.
.In cash terms its a big hit from new to yr 3 but in % terms it seems standard enough, Aston are surely just as bad as Mclaren in the depreciation stakes. Of course if you're wealthy enough that dropping anything from 50-100k on a car in one yr makes no difference then more power to you at the end of the day without people buying these new cars they wouldn't be available at a nice discount to the rest of us after a few yrs.
Good point on the VAT above by caddyshack but still means comparing apples and the depreciation curves on mclaren will rule a lot of buyers out. Maybe that helps values in the end if, as also mentioned above by TheSurveyor , they cool down on the flood of fresh supply to dealers and rate at which new cars are launched but I think they are wanting to show an increasing level of sales each quarter/year.
Consensus among journalists seem to be very positive on the actual cars, driving wise, so hopefully that’s the major factor for the keen drivers.
Can someone direct me to a thread that gives a rough timeline for mclaren going to electric propulsion/launching a rival to the Taycan?
Consensus among journalists seem to be very positive on the actual cars, driving wise, so hopefully that’s the major factor for the keen drivers.
Can someone direct me to a thread that gives a rough timeline for mclaren going to electric propulsion/launching a rival to the Taycan?
Edited by PS2018 on Thursday 5th September 18:53
PS2018 said:
Good point on the VAT above by caddyshack but still means comparing apples and the depreciation curves on mclaren will rule a lot of buyers out. Maybe that helps values in the end if, as also mentioned above by TheSurveyor , they cool down on the flood of fresh supply to dealers and rate at which new cars are launched but I think they are wanting to show an increasing level of sales each quarter/year.
Consensus among journalists seem to be very positive on the actual cars, driving wise, so hopefully that’s the major factor for the keen drivers.
Can someone direct me to a thread that gives a rough timeline for mclaren going to electric propulsion/launching a rival to the Taycan?
McLaren are launching a hybrid successor to the 570 in 2020, but I don’t think they have planned an all electric yet.Consensus among journalists seem to be very positive on the actual cars, driving wise, so hopefully that’s the major factor for the keen drivers.
Can someone direct me to a thread that gives a rough timeline for mclaren going to electric propulsion/launching a rival to the Taycan?
Edited by PS2018 on Thursday 5th September 18:53
RSbandit said:
In cash terms its a big hit from new to yr 3 but in % terms it seems standard enough, Aston are surely just as bad as Mclaren in the depreciation stakes. Of course if you're wealthy enough that dropping anything from 50-100k on a car in one yr makes no difference then more power to you at the end of the day without people buying these new cars they wouldn't be available at a nice discount to the rest of us after a few yrs.
Spot on. It is all relative to affordability. The % is the important part to concentrate on, not the £. Most people that buy new are not fazed by the £ initial loss - they really aren’t. I bought a McLaren / 720S mainly because it is British and that it is probably the best supercar available today - it borders on being a hypercar. I sometimes think of the Senna as a 720S with a body kit. It is a superb used buy bargain.
MAC 720S said:
RSbandit said:
In cash terms its a big hit from new to yr 3 but in % terms it seems standard enough, Aston are surely just as bad as Mclaren in the depreciation stakes. Of course if you're wealthy enough that dropping anything from 50-100k on a car in one yr makes no difference then more power to you at the end of the day without people buying these new cars they wouldn't be available at a nice discount to the rest of us after a few yrs.
Spot on. It is all relative to affordability. The % is the important part to concentrate on, not the £. Most people that buy new are not fazed by the £ initial loss - they really aren’t. I bought a McLaren / 720S mainly because it is British and that it is probably the best supercar available today - it borders on being a hypercar. I sometimes think of the Senna as a 720S with a body kit. It is a superb used buy bargain.
- I bought a McLaren because it really is the best car 'I' want currently available - no other reason - the fact that it is British is a major bonus Why after I have seen it explained 100 times is VAT still mentioned in depreciation threads. It has no importance other than determining the original list price of the car. Its 20%. If it were 80%, would the car suddenly be worth 80% less on the second hand market? No. People compare the second hand price to the list price and make a decision as to what they will pay. This is the case in Singapore where approx 80% of forecourt price is tax. Second hand prices are similarly exorbitant - prices dont revert to some sort of intrinsic, non-taxed, value of the car.
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