jlee504

i've been thinking if I don't sell mine I may take it on a cross country trip one day..

reacher

Even the LT cars are taking a beating the last year. I just had two friends sell their LTs because they were dropping so fast and they were tired of losing money. Unless it's a P1 or F1, I don't think any McLaren will hold its value any time soon from what I've seen.

C.J. Ichiban

You only lose if you sell...assuming you can actually afford to drive and keep cars

thebishman

rsms

What's stopping you from taking that epic trip today? :–)
Life's short, my friend.

Andial

What about the Senna, MSO HS, SLR 722?

C5driver

This is the primary reason why a 570 isn't in my garage, in spite of the numbers they were throwing at me, which were frankly...amazingly low. It's a dragster and handles as well as anything I've driven, but I couldn't get over the brake feel.

thebishman

All of these brake 'feel' posts have got me thinking: I bet these CCMs would benefit greatly with a good 'street' burnishing procedure. I had trouble modulating the CCM brakes at low speed on my '18 AMG GTR. After doing a 'track' burnishing procedure the brakes are now so easy to modulate; not 'grabby' at all.

Bish

Mussl Kar

I have no issues with the ceramics at all. Firmer push for sure but my 07 GT3 RS requires a stout foot on the clutch compared to my 07 Carrera. Just something I easily got used to.

jlee504

destaccado

Not according to GAAP or a basic financial course. Whether you've realized a loss or not yet is pretty much irrelevant outside the tax scope. The fact is that you still have one.

McLaren does a pretty horrible job of protecting their customers from depreciation and I hate to see someone overlook that or insult the finances of people on this forum just because they make a personal profit selling them.

Andial

I don't think one adheres to GAAP when accounting for personal assets. Who's going to calculate depn exp on their McLaren? MCL doesn't have an obligation for their cars to retain value.

GrantG

To change the subject a bit, the LT version of the 570S (with over 600hp and track enhancements) is rumored to be shown this Summer at Pebble Beach. That should be an interesting model

destaccado

I'm pretty sure that just based on the posting in this thread, members here are intelligent and well-versed enough in basic economics to understand that when their car goes down in value they've lost money whether they sell it or not. Further, people don't need to be insulted by salesmen for safeguarding their assets and making sensible purchases that don't tank in value.

As to McLaren having a supposed "obligation" - who said anything about that? They're welcome to continue overproducing their product and coming out with new models every week at the expense of their customers that already bought. Some people will purchase their cars anyways, others will see that and choose not to.

Taffy66

In basic accounting terms depreciation of assets is a real loss irrespective if its realised or not..Its only ignored as a loss when income tax needs to be calculated..If two individuals each buy a new top end sportcar each as an example;person A buys a GT2.RS and person B buys a Macca 720..Nobody could argue against the fact that A has increased his wealth compared to B irrespective whether or not they have subsequently sold them or not.
This is why i have bought five new Porsches in the last 12 months and not one Macca..