McLaren 720S price change in last year?
Discussion
Streetbeat said:
I would say its the same 15k ish across the range, maybe the 12c as the exception as the oldest car, i bought in March last year and saw 600lt's as low as £135, £140 for 720s and 570s £85 all there abouts.
Not entirely on topic, but 650s don't seem to have moved much in either direction. I agree with +15k or so for the 720s.jerrytlr said:
Streetbeat said:
I would say its the same 15k ish across the range, maybe the 12c as the exception as the oldest car, i bought in March last year and saw 600lt's as low as £135, £140 for 720s and 570s £85 all there abouts.
Not entirely on topic, but 650s don't seem to have moved much in either direction. I agree with +15k or so for the 720s.April 2021 I bought a spider for £88.5k from McLaren Glasgow. Same car now is +£15k
I remember seeing a mint 2018 720S for sale at £135k in April 2020. Even tho cost of living is rising and there are multiple pinch points higher rates etc it doesn't seem to be an issue for those who can spend £200k plus on a car...for now. Maybe financing rates are gonna shoot higher so that might slow things down?
Don’t want to take this further off topic, but the chances of rates going much over 3% are slim to none. A lot of scare mongering in the press as usual but the city, BOE and Government are in alignment with their plans. Just need to remember that almost 100% of the furlough cash was funded by floating rate Government debt and higher rates (excess of 3.5%) would seriously damage the UK’s economic position, I.e. they can’t afford to let this happen.
Edited by garystoybox on Thursday 28th July 22:45
garystoybox said:
Don’t want to take this further off topic, but the chances of rates going much over 3% are slim to none. A lot of scare mongering in the press as usual but the city, BOE and Government are in alignment with their plans. Just need to remember that almost 100% of the furlough cash was funded by floating rate Government debt and higher rates (excess of 3.5%) would seriously damage the UK’s economic position, I.e. they can’t afford to let this happen.
I agree 100% ! . There isn't a snowball's hope in hell of the BoE base rate even getting to 3% let alone above. The 2.4Tr and growing national debt is forecasted(optimisticaly imv) to cost £87B in interest alone in the current year, up from £70B last year and £35B the year before that. To put these figures into perspective our entire National Defence budget is only £45B..Edited by garystoybox on Thursday 28th July 22:45
Taffy66 said:
garystoybox said:
Don’t want to take this further off topic, but the chances of rates going much over 3% are slim to none. A lot of scare mongering in the press as usual but the city, BOE and Government are in alignment with their plans. Just need to remember that almost 100% of the furlough cash was funded by floating rate Government debt and higher rates (excess of 3.5%) would seriously damage the UK’s economic position, I.e. they can’t afford to let this happen.
I agree 100% ! . There isn't a snowball's hope in hell of the BoE base rate even getting to 3% let alone above. The 2.4Tr and growing national debt is forecasted(optimisticaly imv) to cost £87B in interest alone in the current year, up from £70B last year and £35B the year before that. To put these figures into perspective our entire National Defence budget is only £45B..Edited by garystoybox on Thursday 28th July 22:45
If you can afford a car costing £150k and above, the fact that your gas and electric has gone up buy £200 a month and the thing now costs another £100 a month to fill up are a total irrelevances in the grand scheme of things.
tyrrell said:
Taffy66 said:
garystoybox said:
Don’t want to take this further off topic, but the chances of rates going much over 3% are slim to none.
I agree 100% ! . There isn't a snowball's hope in hell of the BoE base rate even getting to 3% let alone above.Edited by garystoybox on Thursday 28th July 22:45
lol the comments that people buying these kind of cars dont care about spending money is just hilarious
unless you are super wealthy e.g. few mil networth, then interest rates /macro affect everyone. those kind of people are not browsing PH forum lol they are just buying new and not caring
to get to that financial freedom position you have to be prudent , so no idea why people frown on people looking to get the best deals lol. meanwhile the car is on finance and ofc they are earning higher with the cash (in this market, imagine haha)
unless you are super wealthy e.g. few mil networth, then interest rates /macro affect everyone. those kind of people are not browsing PH forum lol they are just buying new and not caring
to get to that financial freedom position you have to be prudent , so no idea why people frown on people looking to get the best deals lol. meanwhile the car is on finance and ofc they are earning higher with the cash (in this market, imagine haha)
dng992 said:
lol the comments that people buying these kind of cars dont care about spending money is just hilarious
unless you are super wealthy e.g. few mil networth, then interest rates /macro affect everyone. those kind of people are not browsing PH forum lol they are just buying new and not caring
to get to that financial freedom position you have to be prudent , so no idea why people frown on people looking to get the best deals lol. meanwhile the car is on finance and ofc they are earning higher with the cash (in this market, imagine haha)
Anyone with a million or so in Global equities will have lost a fair chunk in the last few weeks, hell they'd have lost £25k yesterday. They'd still be a nice 570 up on where they were in mid Dec though.unless you are super wealthy e.g. few mil networth, then interest rates /macro affect everyone. those kind of people are not browsing PH forum lol they are just buying new and not caring
to get to that financial freedom position you have to be prudent , so no idea why people frown on people looking to get the best deals lol. meanwhile the car is on finance and ofc they are earning higher with the cash (in this market, imagine haha)
And as you say, many of the ones that get to that few mill net worth often get there by relatively modest means and slow but steady accumulation, filling a SIPP or ISA rather than spending 4 figures a month renting a supercar from a finance company. However that sort of mindset is hard to change, they can afford to buy one, but do they see it as value for money?
TBCReece said:
One thing to add re: 720S coupes is the number for sale.
In mid August 2021 on Autotrader, there were only 13 advertised. Roll on roughly a year to 2022 and today it is 48.
I’d be interested in your view on prices over the last 12 months since this thread as I’m looking at 720s for me now. 58 x 720s on autotrader as I write this…. CheersIn mid August 2021 on Autotrader, there were only 13 advertised. Roll on roughly a year to 2022 and today it is 48.
Edited by TBCReece on Friday 29th July 12:05
bigleefish said:
I’d be interested in your view on prices over the last 12 months since this thread as I’m looking at 720s for me now. 58 x 720s on autotrader as I write this…. Cheers
I've kept a check on 720S Coupes (only) on AT since 10th Nov last year:10 Nov 43 listings Median price £155k
Today 40 listings Median price £150k
similar or larger drops in the mean, lowest, highest, 25% and 75% percentile prices since then.
These are all still fairly new cars so I guess a few % depreciation over four months is fairly normal.
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