Discussion
Just curious guys, when i was looking to buy my 570s a few months back there were 20 or so cars on PH, 40 ish on AT with prices as low as 85K give or take. Ther are now 8 on ph, 15 on AT and the cheapest on PH is 95k, was there a covid dip or is there a pre covid bubble? Ive not looked at other Mclarens, anyone recognised if its accross the board with the brand?
Streetbeat said:
Just curious guys, when i was looking to buy my 570s a few months back there were 20 or so cars on PH, 40 ish on AT with prices as low as 85K give or take. Ther are now 8 on ph, 15 on AT and the cheapest on PH is 95k, was there a covid dip or is there a pre covid bubble? Ive not looked at other Mclarens, anyone recognised if its accross the board with the brand?
This is a Summer/release of lockdown/people with cash to spare by not holidaying phenomenon and across many cars. Started with the MP4-12C that went from £60k to £70k upwards and the 540C & 570S, especially spyders, followed.
R8 Gen 2's have seen a similar £10k upwards increase.
The approach appears to be paying off. The average wholesale price of Astons rose from £113k in the first quarter of 2020 to £149k in the first three months of this year. Telegraph https://www.telegraph.co.uk/business/2021/07/14/la...
Fezzamania said:
You have had a result in the short term buying at low point but at same time I don't think this high point is here forever.
There is a shortage of new car production which will keep prices high but at same time the end of furlough could reduce prices.
Who knows ?? I certainly don't!
I would agree, bubbles always burst, but just curious to whether people thought the prices now are more representative of values and the low point was due to covid, complete cyrstal ball stuff of course, just guaging opinions. Also good to hear its across the market to just Macs.There is a shortage of new car production which will keep prices high but at same time the end of furlough could reduce prices.
Who knows ?? I certainly don't!
Fezzamania said:
You have had a result in the short term buying at low point but at same time I don't think this high point is here forever.
There is a shortage of new car production which will keep prices high but at same time the end of furlough could reduce prices.
Who knows ?? I certainly don't!
Why would you think that the end of furlough would reduce supercar prices?There is a shortage of new car production which will keep prices high but at same time the end of furlough could reduce prices.
Who knows ?? I certainly don't!
Sarnie said:
Why would you think that the end of furlough would reduce supercar prices?
Businesses claiming furlough to support their profitability/viability will have to s
t or get off the pot.From what i have seen a lot of businesses have increased profitability and reduce customer service over the last 18 months but still retained staff on furlough but soon they could be making people redundant or reducing their profitability with the increased costs
Also sadly some people will become innocent victims and be made redundant and whilst not many of them will necessarily be supercar buyers it will have an impact on the general market which could have a knock on effect.
Personally I think McLarens have always been hit overly hard from list price and now the brand awareness is increasing so is demand, certainly at the lower end pricepoint, so I think there is a bit of brand price correction as well as the general lack of used supply at the moment.
On the otherhand I think Ferrari 458's are massively overpriced for a 10 year old car and what they are so pay a premium for one now and you could get stung when the bubble bursts
Mclarens have always been hit hard as a used car. I bought my 650s last October so in the middle of COVID. I had been half watching the 650s price for a couple of years and I seemed to pick up my 650s at a really low price. I wasn’t going to buy but just couldn’t say no when I’d seen the price. So I’m half thinking in the middle of the pandemic we’re low and as we come out of lockdown ect prices have picked back up.
I’m sure other reasons are helping prices but I think they went low during COVID.
I’m sure other reasons are helping prices but I think they went low during COVID.
Fezzamania said:
Businesses claiming furlough to support their profitability/viability will have to st or get off the pot.
From what i have seen a lot of businesses have increased profitability and reduce customer service over the last 18 months but still retained staff on furlough but soon they could be making people redundant or reducing their profitability with the increased costs
Also sadly some people will become innocent victims and be made redundant and whilst not many of them will necessarily be supercar buyers it will have an impact on the general market which could have a knock on effect.
Sounds like the exact sort of thing that buyers convince themselves of when waiting to buy a car t or get off the pot.From what i have seen a lot of businesses have increased profitability and reduce customer service over the last 18 months but still retained staff on furlough but soon they could be making people redundant or reducing their profitability with the increased costs
Also sadly some people will become innocent victims and be made redundant and whilst not many of them will necessarily be supercar buyers it will have an impact on the general market which could have a knock on effect.
Sarnie said:
Sounds like the exact sort of thing that buyers convince themselves of when waiting to buy a car
Having just commuted some of my pension after retiring im desperate to get a supercar for the summer but the issue is not price but supply of the right spec used 675LT spider.There are only 3 in the classifieds and 1 of them is an import at a dodgy dealer.
Time to fulfil my dream is not on my side whereas an extra £30k because of the bubble on a car I would keep is neither here or there especially as its a car unlikely to depreciate from its low point.
I've only been able to look at 3 cars now in 4 months, none of which were really suitable so I am considering wrapping a car if its the wrong colour or going back to my original plan of a new 720S spider.
The money is burning a hole in my pocket after 30 years of hard graft and typically the right car or even vaguely close is just not out there at the moment.
12 months ago there was probably half a dozen suitable cars now there are none as they are that rare and the good ones rarely come to market
Fezzamania said:
Having just commuted some of my pension after retiring im desperate to get a supercar for the summer but the issue is not price but supply of the right spec used 675LT spider.
There are only 3 in the classifieds and 1 of them is an import at a dodgy dealer.
Time to fulfil my dream is not on my side whereas an extra £30k because of the bubble on a car I would keep is neither here or there especially as its a car unlikely to depreciate from its low point.
I've only been able to look at 3 cars now in 4 months, none of which were really suitable so I am considering wrapping a car if its the wrong colour or going back to my original plan of a new 720S spider.
The money is burning a hole in my pocket after 30 years of hard graft and typically the right car or even vaguely close is just not out there at the moment.
12 months ago there was probably half a dozen suitable cars now there are none as they are that rare and the good ones rarely come to market
You need to actually buy a 675 rather than finding endless excuses to not buy one because none are to your perfect spec/colour combo. Tick..Tock...Tick...Tock...There are only 3 in the classifieds and 1 of them is an import at a dodgy dealer.
Time to fulfil my dream is not on my side whereas an extra £30k because of the bubble on a car I would keep is neither here or there especially as its a car unlikely to depreciate from its low point.
I've only been able to look at 3 cars now in 4 months, none of which were really suitable so I am considering wrapping a car if its the wrong colour or going back to my original plan of a new 720S spider.
The money is burning a hole in my pocket after 30 years of hard graft and typically the right car or even vaguely close is just not out there at the moment.
12 months ago there was probably half a dozen suitable cars now there are none as they are that rare and the good ones rarely come to market
Brexit has had an effect.
All European sourced imported used cars now have 20% VAT slapped on them (which is is extreme given import tax for cars in the US is around 5% or less, and you can import art into the UK suffering less c 5% tax I believe.
So used supercars, especially top end, have seen a big price hike - pushing up UK owned cars too.
All European sourced imported used cars now have 20% VAT slapped on them (which is is extreme given import tax for cars in the US is around 5% or less, and you can import art into the UK suffering less c 5% tax I believe.
So used supercars, especially top end, have seen a big price hike - pushing up UK owned cars too.
Taffy66 said:
Fezzamania said:
Having just commuted some of my pension after retiring im desperate to get a supercar for the summer but the issue is not price but supply of the right spec used 675LT spider.
There are only 3 in the classifieds and 1 of them is an import at a dodgy dealer.
Time to fulfil my dream is not on my side whereas an extra £30k because of the bubble on a car I would keep is neither here or there especially as its a car unlikely to depreciate from its low point.
I've only been able to look at 3 cars now in 4 months, none of which were really suitable so I am considering wrapping a car if its the wrong colour or going back to my original plan of a new 720S spider.
The money is burning a hole in my pocket after 30 years of hard graft and typically the right car or even vaguely close is just not out there at the moment.
12 months ago there was probably half a dozen suitable cars now there are none as they are that rare and the good ones rarely come to market
You need to actually buy a 675 rather than finding endless excuses to not buy one because none are to your perfect spec/colour combo. Tick..Tock...Tick...Tock...There are only 3 in the classifieds and 1 of them is an import at a dodgy dealer.
Time to fulfil my dream is not on my side whereas an extra £30k because of the bubble on a car I would keep is neither here or there especially as its a car unlikely to depreciate from its low point.
I've only been able to look at 3 cars now in 4 months, none of which were really suitable so I am considering wrapping a car if its the wrong colour or going back to my original plan of a new 720S spider.
The money is burning a hole in my pocket after 30 years of hard graft and typically the right car or even vaguely close is just not out there at the moment.
12 months ago there was probably half a dozen suitable cars now there are none as they are that rare and the good ones rarely come to market
I personally would not spend that kind of cash on one to then wrap it; everyone is different though.
I guess your between a rock and a hard place.
Buy the white spider and wrap it or get a 720.
Fezzamania said:
Having just commuted some of my pension after retiring im desperate to get a supercar for the summer but the issue is not price but supply of the right spec used 675LT spider.
There are only 3 in the classifieds and 1 of them is an import at a dodgy dealer.
Time to fulfil my dream is not on my side whereas an extra £30k because of the bubble on a car I would keep is neither here or there especially as its a car unlikely to depreciate from its low point.
I've only been able to look at 3 cars now in 4 months, none of which were really suitable so I am considering wrapping a car if its the wrong colour or going back to my original plan of a new 720S spider.
The money is burning a hole in my pocket after 30 years of hard graft and typically the right car or even vaguely close is just not out there at the moment.
12 months ago there was probably half a dozen suitable cars now there are none as they are that rare and the good ones rarely come to market
Rambo,There are only 3 in the classifieds and 1 of them is an import at a dodgy dealer.
Time to fulfil my dream is not on my side whereas an extra £30k because of the bubble on a car I would keep is neither here or there especially as its a car unlikely to depreciate from its low point.
I've only been able to look at 3 cars now in 4 months, none of which were really suitable so I am considering wrapping a car if its the wrong colour or going back to my original plan of a new 720S spider.
The money is burning a hole in my pocket after 30 years of hard graft and typically the right car or even vaguely close is just not out there at the moment.
12 months ago there was probably half a dozen suitable cars now there are none as they are that rare and the good ones rarely come to market
If you were desperate for a car for the summer, you'd have one by now, the summer will be over next week!
Camlet said:
Brexit has had an effect.
All European sourced imported used cars now have 20% VAT slapped on them (which is is extreme given import tax for cars in the US is around 5% or less, and you can import art into the UK suffering less c 5% tax I believe.
So used supercars, especially top end, have seen a big price hike - pushing up UK owned cars too.
Come on that’s stretching it. The left hand market is a separate market. The number of left hand drive cars sold in proportion to right hand drive is tiny in the uk. To argue used left hand prices is driving right hand is a bit desperate. All European sourced imported used cars now have 20% VAT slapped on them (which is is extreme given import tax for cars in the US is around 5% or less, and you can import art into the UK suffering less c 5% tax I believe.
So used supercars, especially top end, have seen a big price hike - pushing up UK owned cars too.
It’s a global phenomenon. All used cars are going up, nothing to do with whether they are supercars or not. The FED input a 43% average rise in the USA used car market for its input into their inflation model. (Of course this is driven mainly by $2,000 cars jumping to $4000 distorting individual rises).
Well done if you bought one but it has not a supercar phenomenon.
What this means to prices when supply chains etc revert back to normal who the hell knows.
Gassing Station | McLaren | Top of Page | What's New | My Stuff