12C Depreciation?
Discussion
I just sold my 650 spider last week and fully agree with the video.
After 20months of ownership i sold for £5.5k less than i purchased it for, flying in the face of all those forum pillocks that take glee in owners losing their shirt.
However, I think the bounce has happened and met with its maximum rise.
I do not think it shall dip back down as quickly as it rose, but i think its met its peak.
What i feel it has done is maybe stabilised the McLaren lower price structure to a true level to where their worth lies to comparable priced cars.
A 12c spider should not even be spoken in the same sentence as a GT4 but the relatively previously low prices made it so.
The £150k+ stuff shall still drop in value but hopefully much slower now.
But...who knows.
What a bizarre year its been.
After 20months of ownership i sold for £5.5k less than i purchased it for, flying in the face of all those forum pillocks that take glee in owners losing their shirt.
However, I think the bounce has happened and met with its maximum rise.
I do not think it shall dip back down as quickly as it rose, but i think its met its peak.
What i feel it has done is maybe stabilised the McLaren lower price structure to a true level to where their worth lies to comparable priced cars.
A 12c spider should not even be spoken in the same sentence as a GT4 but the relatively previously low prices made it so.
The £150k+ stuff shall still drop in value but hopefully much slower now.
But...who knows.
What a bizarre year its been.
Interesting. And good news for me as a 12c owner. I've been watching prices as Im intending to change my 12c for a 720. The values of the 12c on asking price have firmed up though not as much as suggested.
Older 720s seem to have held up very well over the year. 2017 cars have gone down roughly 10k - £15k over the year by my estimation. Modest, given that's a move from a car being 2 years old to 3 years old. Drop of less than 10% on these older cars.
My 12c warranty needs renewed in April so decisions to be made in January.....
Older 720s seem to have held up very well over the year. 2017 cars have gone down roughly 10k - £15k over the year by my estimation. Modest, given that's a move from a car being 2 years old to 3 years old. Drop of less than 10% on these older cars.
My 12c warranty needs renewed in April so decisions to be made in January.....
As a recent 12c owner (great delight in just being able to say that), it's good and I did think at start of year that they wouldn't go any lower and now is the time to get one whilst I can still get in and out of one 
I paid near 570 money for my 12c, but it's always the 12c I wanted and there seems to be less of them which in theory should be good along with being a 'super series' too. There is not a single McLaren that I would not have and I love all of them. 
Still can't believe I have one 
I paid near 570 money for my 12c, but it's always the 12c I wanted and there seems to be less of them which in theory should be good along with being a 'super series' too. There is not a single McLaren that I would not have and I love all of them. Still can't believe I have one Don’t want to get into a 650 vs 12C debate as they are both brilliant, but FWIW the “add-on” was proven to improve air flow to the radiators and the new front end was to improve downforce on high speed corners, however nominally. While the front may look similar to the P1, it’s actually different (with additional vertical blades protruding on either side of where the forward reg plate goes) for this reason.
Don't get me wrong, the 650s is a McLaren - the scoop won't have been added without having been engineered and adding something. And I am well aware that the 650 is considered a leap forward from the 12c as a package.
Purely aesthetically though (which is what I was referring to), it is an add on to the 12c shape which had been styled with the sideblades of the 12c in mind. To my eye it looks it.
Purely aesthetically though (which is what I was referring to), it is an add on to the 12c shape which had been styled with the sideblades of the 12c in mind. To my eye it looks it.
Edited by AndM on Friday 20th November 13:13
Edited by AndM on Friday 20th November 13:13
Values its not something i generally post about, but as this thread is about that I thought I would post why I sold my Mac and whats happened in my search since.
I decided to advertise my late 2015 650 spider in late August.
Really, really great car but as i posted above the warranty and service in a years time would be around £6200.00...i felt that by March '21 the car would be worth around £15k less than i sold it for and add £6200 onto that and its a £21+k hit in year 6...i decided I would rather put the £6200 towards a replacement McLaren.
It now seems as though the baseline for a 650 spider is around £89k now, so with making a deal, it is probably at the £85k mark I expected in spring 'now'.
I was looking at replacing with a 720 spider.
There seemed to be quite a few of these ex-mclaren cars appearing on the market around the £200k mark with deals less than that available; since then there are fewer on the market and the prices have jumped to around £215k but seems like the BBL's are drying up as they are back to sitting around again...i had expected them to be £175k in spring which might still happen.
I unexpectedly started to consider a 600LT spider after seeing a stunning one at Glasgow. I was not familiar with their current values as they were off my radar.
With enquiring about a few, it seems that you can get into a 600lt spider for around the very low £140k mark which i was surprised at, but due to the volume of them I feel as though that could easily be a model available at the £125k mark in spring, so i might just hold off just now.
This could all change as McLaren seemed to have sent plenty of customers ( inc me ) a text asking to buy my car...in the past they have notoriously not been interested in buying back and even if so at a real low ball offer, so i don't know how that shall go...they do seem to be struggling for stock though.
As Thorney said, there has been a huge bounce and as per my 1st post in here, I think it has come and gone.
Might all change, but that is how I am finding the market currently after selling and looking to buy.
I decided to advertise my late 2015 650 spider in late August.
Really, really great car but as i posted above the warranty and service in a years time would be around £6200.00...i felt that by March '21 the car would be worth around £15k less than i sold it for and add £6200 onto that and its a £21+k hit in year 6...i decided I would rather put the £6200 towards a replacement McLaren.
It now seems as though the baseline for a 650 spider is around £89k now, so with making a deal, it is probably at the £85k mark I expected in spring 'now'.
I was looking at replacing with a 720 spider.
There seemed to be quite a few of these ex-mclaren cars appearing on the market around the £200k mark with deals less than that available; since then there are fewer on the market and the prices have jumped to around £215k but seems like the BBL's are drying up as they are back to sitting around again...i had expected them to be £175k in spring which might still happen.
I unexpectedly started to consider a 600LT spider after seeing a stunning one at Glasgow. I was not familiar with their current values as they were off my radar.
With enquiring about a few, it seems that you can get into a 600lt spider for around the very low £140k mark which i was surprised at, but due to the volume of them I feel as though that could easily be a model available at the £125k mark in spring, so i might just hold off just now.
This could all change as McLaren seemed to have sent plenty of customers ( inc me ) a text asking to buy my car...in the past they have notoriously not been interested in buying back and even if so at a real low ball offer, so i don't know how that shall go...they do seem to be struggling for stock though.
As Thorney said, there has been a huge bounce and as per my 1st post in here, I think it has come and gone.
Might all change, but that is how I am finding the market currently after selling and looking to buy.
The old “”We want to buy your car” letter or text and you don’t know from which sales and marketing school that pitch comes from and what marketing draw car dealers keep that one in Lol 
650 Spider Said:
This could all change as McLaren seemed to have sent plenty of customers ( inc me ) a text asking to buy my car...in the past they have notoriously not been interested in buying back and even if so at a real low ball offer, so i don't know how that shall go...they do seem to be struggling for stock though.
650 Spider Said:
This could all change as McLaren seemed to have sent plenty of customers ( inc me ) a text asking to buy my car...in the past they have notoriously not been interested in buying back and even if so at a real low ball offer, so i don't know how that shall go...they do seem to be struggling for stock though.
Juno said:
The old “”We want to buy your car” letter or text and you don’t know from which sales and marketing school that pitch comes from and what marketing draw car dealers keep that one in Lol
I tried reading that about 3 times and still cannot figure out what you are on about...grammar is not your strong point.Also, if your going to make a funny post, try and make it coherent...it helps the reader.
650spider said:
Juno said:
The old “”We want to buy your car” letter or text and you don’t know from which sales and marketing school that pitch comes from and what marketing draw car dealers keep that one in Lol
I tried reading that about 3 times and still cannot figure out what you are on about...grammar is not your strong point.Also, if your going to make a funny post, try and make it coherent...it helps the reader.
Jeeze man, don’t worry about my grammar!
If you don’t understand what it says then you’d better just keep reading it until you do, it couldn’t be more straight forward and easy to understand
Let me know if your struggling and I’ll explain it one word at a time
Juno said:
Crikey,are you on a wind up?
Jeeze man, don’t worry about my grammar!
If you don’t understand what it says then you’d better just keep reading it until you do, it couldn’t be more straight forward and easy to understand
Let me know if your struggling and I’ll explain it one word at a time
I'm struggling too so could do with an explanation plsJeeze man, don’t worry about my grammar!
If you don’t understand what it says then you’d better just keep reading it until you do, it couldn’t be more straight forward and easy to understand
Let me know if your struggling and I’ll explain it one word at a time
ferdi p said:
Juno said:
Crikey,are you on a wind up?
Jeeze man, don’t worry about my grammar!
If you don’t understand what it says then you’d better just keep reading it until you do, it couldn’t be more straight forward and easy to understand
Let me know if your struggling and I’ll explain it one word at a time
I'm struggling too so could do with an explanation plsJeeze man, don’t worry about my grammar!
If you don’t understand what it says then you’d better just keep reading it until you do, it couldn’t be more straight forward and easy to understand
Let me know if your struggling and I’ll explain it one word at a time
The software they use these days for the car industry is quite sophisticated
For example every month a software programme runs the entire data base of the dealers customers looking at the position of customers finance deals and the current situation to change
The programme then collects data from finance, term, finance outstanding, estimated current mileage using,contract history service history and warranty history,it then obtains values from cap/glasses and works out from the data in put for the cost of a new car (special deal) minus the current car as p/ex the payment profile required to swap the customer into a new car at a similar payment to that already being made by the customer
In effect the computer already knows what the deal is before the dealer knows who the customer is! The dealer can enter, I have an xyz car list at x£‘S nett £‘S after special discount with GFV of £‘S, tell me which customers using their current car as p/ex meet £1200/1500/2000 per month etc etc
This then gives the dealer a whole list or targets to approach already being armed with an array of selling tools, facts and figures
One simple approach to get the phone ringing is to send SMS, letters, e mails out telling customers “we are looking for cars like yours for stock”
In many circumstances the temptation whether you are considering selling or not is just too much as you want to know the value of the car and what caused the market to be so buoyant
Within no time the sales guy now reading from his crib sheet containing all your details and details of the deal he can pitch is telling you how he’s got this great deal and he’s worked out just for you only that he can get you into a new car for only a few £‘S more than you are currently paying. The dialogue door has been opened,it’s called selling!
With cars where owners have dropped out of the replacement cycle or finance has gone term a quick hook sent out saying “we want your car for stock” once again quickly re establishes the dialogue which can only lead to sales
Anyone thinking dealerships send out random letters because they are looking to buy “YOUR” car is being somewhat tricked
That’s all
Juno said:
Car dealers run a number of marketing sales approaches
The software they use these days for the car industry is quite sophisticated
For example every month a software programme runs the entire data base of the dealers customers looking at the position of customers finance deals and the current situation to change
The programme then collects data from finance, term, finance outstanding, estimated current mileage using,contract history service history and warranty history,it then obtains values from cap/glasses and works out from the data in put for the cost of a new car (special deal) minus the current car as p/ex the payment profile required to swap the customer into a new car at a similar payment to that already being made by the customer
In effect the computer already knows what the deal is before the dealer knows who the customer is! The dealer can enter, I have an xyz car list at x£‘S nett £‘S after special discount with GFV of £‘S, tell me which customers using their current car as p/ex meet £1200/1500/2000 per month etc etc
This then gives the dealer a whole list or targets to approach already being armed with an array of selling tools, facts and figures
One simple approach to get the phone ringing is to send SMS, letters, e mails out telling customers “we are looking for cars like yours for stock”
In many circumstances the temptation whether you are considering selling or not is just too much as you want to know the value of the car and what caused the market to be so buoyant
Within no time the sales guy now reading from his crib sheet containing all your details and details of the deal he can pitch is telling you how he’s got this great deal and he’s worked out just for you only that he can get you into a new car for only a few £‘S more than you are currently paying. The dialogue door has been opened,it’s called selling!
With cars where owners have dropped out of the replacement cycle or finance has gone term a quick hook sent out saying “we want your car for stock” once again quickly re establishes the dialogue which can only lead to sales
Anyone thinking dealerships send out random letters because they are looking to buy “YOUR” car is being somewhat tricked
That’s all
Probably some basis to this.The software they use these days for the car industry is quite sophisticated
For example every month a software programme runs the entire data base of the dealers customers looking at the position of customers finance deals and the current situation to change
The programme then collects data from finance, term, finance outstanding, estimated current mileage using,contract history service history and warranty history,it then obtains values from cap/glasses and works out from the data in put for the cost of a new car (special deal) minus the current car as p/ex the payment profile required to swap the customer into a new car at a similar payment to that already being made by the customer
In effect the computer already knows what the deal is before the dealer knows who the customer is! The dealer can enter, I have an xyz car list at x£‘S nett £‘S after special discount with GFV of £‘S, tell me which customers using their current car as p/ex meet £1200/1500/2000 per month etc etc
This then gives the dealer a whole list or targets to approach already being armed with an array of selling tools, facts and figures
One simple approach to get the phone ringing is to send SMS, letters, e mails out telling customers “we are looking for cars like yours for stock”
In many circumstances the temptation whether you are considering selling or not is just too much as you want to know the value of the car and what caused the market to be so buoyant
Within no time the sales guy now reading from his crib sheet containing all your details and details of the deal he can pitch is telling you how he’s got this great deal and he’s worked out just for you only that he can get you into a new car for only a few £‘S more than you are currently paying. The dialogue door has been opened,it’s called selling!
With cars where owners have dropped out of the replacement cycle or finance has gone term a quick hook sent out saying “we want your car for stock” once again quickly re establishes the dialogue which can only lead to sales
Anyone thinking dealerships send out random letters because they are looking to buy “YOUR” car is being somewhat tricked
That’s all
I was approached by 2 Mac dealers with the email. Both offering low offers but more than i paid for my 720s which is a bonus. But in any event they were more concerned in getting me into another Mac, which is where they want to be
Decided to keep for time being as is high spec with £298,500 list and not sure what can replace it
Juno said:
Car dealers run a number of marketing sales approaches
The software they use these days for the car industry is quite sophisticated
For example every month a software programme runs the entire data base of the dealers customers looking at the position of customers finance deals and the current situation to change
The programme then collects data from finance, term, finance outstanding, estimated current mileage using,contract history service history and warranty history,it then obtains values from cap/glasses and works out from the data in put for the cost of a new car (special deal) minus the current car as p/ex the payment profile required to swap the customer into a new car at a similar payment to that already being made by the customer
In effect the computer already knows what the deal is before the dealer knows who the customer is! The dealer can enter, I have an xyz car list at x£‘S nett £‘S after special discount with GFV of £‘S, tell me which customers using their current car as p/ex meet £1200/1500/2000 per month etc etc
This then gives the dealer a whole list or targets to approach already being armed with an array of selling tools, facts and figures
One simple approach to get the phone ringing is to send SMS, letters, e mails out telling customers “we are looking for cars like yours for stock”
In many circumstances the temptation whether you are considering selling or not is just too much as you want to know the value of the car and what caused the market to be so buoyant
Within no time the sales guy now reading from his crib sheet containing all your details and details of the deal he can pitch is telling you how he’s got this great deal and he’s worked out just for you only that he can get you into a new car for only a few £‘S more than you are currently paying. The dialogue door has been opened,it’s called selling!
With cars where owners have dropped out of the replacement cycle or finance has gone term a quick hook sent out saying “we want your car for stock” once again quickly re establishes the dialogue which can only lead to sales
Anyone thinking dealerships send out random letters because they are looking to buy “YOUR” car is being somewhat tricked
That’s all
A thorough explanation, thanks for that.The software they use these days for the car industry is quite sophisticated
For example every month a software programme runs the entire data base of the dealers customers looking at the position of customers finance deals and the current situation to change
The programme then collects data from finance, term, finance outstanding, estimated current mileage using,contract history service history and warranty history,it then obtains values from cap/glasses and works out from the data in put for the cost of a new car (special deal) minus the current car as p/ex the payment profile required to swap the customer into a new car at a similar payment to that already being made by the customer
In effect the computer already knows what the deal is before the dealer knows who the customer is! The dealer can enter, I have an xyz car list at x£‘S nett £‘S after special discount with GFV of £‘S, tell me which customers using their current car as p/ex meet £1200/1500/2000 per month etc etc
This then gives the dealer a whole list or targets to approach already being armed with an array of selling tools, facts and figures
One simple approach to get the phone ringing is to send SMS, letters, e mails out telling customers “we are looking for cars like yours for stock”
In many circumstances the temptation whether you are considering selling or not is just too much as you want to know the value of the car and what caused the market to be so buoyant
Within no time the sales guy now reading from his crib sheet containing all your details and details of the deal he can pitch is telling you how he’s got this great deal and he’s worked out just for you only that he can get you into a new car for only a few £‘S more than you are currently paying. The dialogue door has been opened,it’s called selling!
With cars where owners have dropped out of the replacement cycle or finance has gone term a quick hook sent out saying “we want your car for stock” once again quickly re establishes the dialogue which can only lead to sales
Anyone thinking dealerships send out random letters because they are looking to buy “YOUR” car is being somewhat tricked
That’s all
I’d ask why go to all that trouble and when a customer takes the bait why do they not progress it further?
Land Rover brand specific if anyone is interested.
Although to be fair the same apathy must be common through the brand judging by the lack of response from a different dealer.
Ahh...OK.
Just for clarity, I didn't think they were looking for my car specifically, I thought, and still do, think they are looking for stock as they had nowhere near the cars they usually have kicking about when i was there 6 weeks ago.
Before, McLaren were loading dealers up with brand new stock that they were struggling to sell before the next batch of brand new cars appeared.
Even then, I didn't receive a text 'wanting my car' when they would of been desperate to do deals...they wanted to offload the new shiny stuff, not take on older stuff that may be even harder to sell as the best pcp rates are aimed at new stuff with ambitious GFV's.
Like almost everywhere, they have had an unexpected bounce after lockdown and sold a huge % of stock including all of the McLaren cars that were used for events and press.
They had already decided to turn manufacturing volume down due to oversupply and the production lines now cannot produce whats required globally.
I was told yesterday that the new Mercedes I want is not 10-12 weeks like normal, it is now July or more likely August at best, and they have a slightly larger capability for producing cars.
I feel pretty confident that if you went into any McLaren dealer and asked to order a 720 spider to your spec it would be around the same delivery time.
It may be the norm that its a text to entice you to do a deal, but they still need to get stock in one way or another, as they need to sell...its why they are called car salespersons (if thats the correct terminology now).
Prices always adjust at the end of the year, and i made a factual post stating how I am currently finding it after very recently selling and deciding if I want to buy now or see if this pattern continues; it all depends on if people view these kind of cars an unnecessary tie up of funds in perhaps the most uncertain times that i can remember and try to offload them.
I do not understand why you seem to always focus on a small part of a post to make glib replies to try and make you look very clever and the poster stupid, instead of absorbing the post and what it was about as a whole, and then making a worthwhile reply like you posted afterwards.
Its the Pistonheads way I guess.
Just for clarity, I didn't think they were looking for my car specifically, I thought, and still do, think they are looking for stock as they had nowhere near the cars they usually have kicking about when i was there 6 weeks ago.
Before, McLaren were loading dealers up with brand new stock that they were struggling to sell before the next batch of brand new cars appeared.
Even then, I didn't receive a text 'wanting my car' when they would of been desperate to do deals...they wanted to offload the new shiny stuff, not take on older stuff that may be even harder to sell as the best pcp rates are aimed at new stuff with ambitious GFV's.
Like almost everywhere, they have had an unexpected bounce after lockdown and sold a huge % of stock including all of the McLaren cars that were used for events and press.
They had already decided to turn manufacturing volume down due to oversupply and the production lines now cannot produce whats required globally.
I was told yesterday that the new Mercedes I want is not 10-12 weeks like normal, it is now July or more likely August at best, and they have a slightly larger capability for producing cars.
I feel pretty confident that if you went into any McLaren dealer and asked to order a 720 spider to your spec it would be around the same delivery time.
It may be the norm that its a text to entice you to do a deal, but they still need to get stock in one way or another, as they need to sell...its why they are called car salespersons (if thats the correct terminology now).
Prices always adjust at the end of the year, and i made a factual post stating how I am currently finding it after very recently selling and deciding if I want to buy now or see if this pattern continues; it all depends on if people view these kind of cars an unnecessary tie up of funds in perhaps the most uncertain times that i can remember and try to offload them.
I do not understand why you seem to always focus on a small part of a post to make glib replies to try and make you look very clever and the poster stupid, instead of absorbing the post and what it was about as a whole, and then making a worthwhile reply like you posted afterwards.
Its the Pistonheads way I guess.
Buster73 said:
A thorough explanation, thanks for that.
I’d ask why go to all that trouble and when a customer takes the bait why do they not progress it further?
Land Rover brand specific if anyone is interested.
Although to be fair the same apathy must be common through the brand judging by the lack of response from a different dealer.
And there Sir you hit the nail on the head, if sales people could programme themselves to see every enquirey as a potential sale rather than try to determine if you are a real buyer or not the World would be a better place I’d ask why go to all that trouble and when a customer takes the bait why do they not progress it further?
Land Rover brand specific if anyone is interested.
Although to be fair the same apathy must be common through the brand judging by the lack of response from a different dealer.
Sadly few of those types exist,my parting view was always “does that person have enough information to make an informed final decision” if not the sales guy hasn't done his job which is often the case as you experienced
Edited by Juno on Wednesday 2nd December 11:43
Juno said:
Car dealers run a number of marketing sales approaches
The software they use these days for the car industry is quite sophisticated
For example every month a software programme runs the entire data base of the dealers customers looking at the position of customers finance deals and the current situation to change
The programme then collects data from finance, term, finance outstanding, estimated current mileage using,contract history service history and warranty history,it then obtains values from cap/glasses and works out from the data in put for the cost of a new car (special deal) minus the current car as p/ex the payment profile required to swap the customer into a new car at a similar payment to that already being made by the customer
In effect the computer already knows what the deal is before the dealer knows who the customer is! The dealer can enter, I have an xyz car list at x£‘S nett £‘S after special discount with GFV of £‘S, tell me which customers using their current car as p/ex meet £1200/1500/2000 per month etc etc
This then gives the dealer a whole list or targets to approach already being armed with an array of selling tools, facts and figures
One simple approach to get the phone ringing is to send SMS, letters, e mails out telling customers “we are looking for cars like yours for stock”
In many circumstances the temptation whether you are considering selling or not is just too much as you want to know the value of the car and what caused the market to be so buoyant
Within no time the sales guy now reading from his crib sheet containing all your details and details of the deal he can pitch is telling you how he’s got this great deal and he’s worked out just for you only that he can get you into a new car for only a few £‘S more than you are currently paying. The dialogue door has been opened,it’s called selling!
With cars where owners have dropped out of the replacement cycle or finance has gone term a quick hook sent out saying “we want your car for stock” once again quickly re establishes the dialogue which can only lead to sales
Anyone thinking dealerships send out random letters because they are looking to buy “YOUR” car is being somewhat tricked
That’s all
things have moved on a little since the above : you'd be amazed what the algorithms now know about you !The software they use these days for the car industry is quite sophisticated
For example every month a software programme runs the entire data base of the dealers customers looking at the position of customers finance deals and the current situation to change
The programme then collects data from finance, term, finance outstanding, estimated current mileage using,contract history service history and warranty history,it then obtains values from cap/glasses and works out from the data in put for the cost of a new car (special deal) minus the current car as p/ex the payment profile required to swap the customer into a new car at a similar payment to that already being made by the customer
In effect the computer already knows what the deal is before the dealer knows who the customer is! The dealer can enter, I have an xyz car list at x£‘S nett £‘S after special discount with GFV of £‘S, tell me which customers using their current car as p/ex meet £1200/1500/2000 per month etc etc
This then gives the dealer a whole list or targets to approach already being armed with an array of selling tools, facts and figures
One simple approach to get the phone ringing is to send SMS, letters, e mails out telling customers “we are looking for cars like yours for stock”
In many circumstances the temptation whether you are considering selling or not is just too much as you want to know the value of the car and what caused the market to be so buoyant
Within no time the sales guy now reading from his crib sheet containing all your details and details of the deal he can pitch is telling you how he’s got this great deal and he’s worked out just for you only that he can get you into a new car for only a few £‘S more than you are currently paying. The dialogue door has been opened,it’s called selling!
With cars where owners have dropped out of the replacement cycle or finance has gone term a quick hook sent out saying “we want your car for stock” once again quickly re establishes the dialogue which can only lead to sales
Anyone thinking dealerships send out random letters because they are looking to buy “YOUR” car is being somewhat tricked
That’s all
Gassing Station | McLaren | Top of Page | What's New | My Stuff