McLaren Success
#1366
. I own a 570S and have no regrets - not worried about depreciation on the 720S more it just didn't give me the emotional response where I got out thinking I needed to have one. It was more of a this thing is just too stupidly fast for the street - I struggle to see the point.
Two points-
1- I agree with you on the lack of emotional response for the 720. Year drove it. Super fast but there was turbo lag and it felt empty. I mean great car but it didn’t live up to all the you tube hype for me.
2- you aren’t worried about 720 depreciation cause you own a 570 which in my opinion is he best car they make. Prices right- great power.
my prediction- 720 will tank just like 12c, just like 650. They will over produce like they always do. People will dump them when the 720 LT comes out. And the car will as much of not more dated than the 650 does now- 2 years later.
look at gt3 rs- from 2016- still looks timeless.
look at a 12 c or 650- they look like they are from the 80s.
#1367
That's he current problem we have. People on this board think cars are not supposed to depreciate.
Trade in a GT3.1, the GT3RS .1, and the GT3.2 when the .2RS is here. All will depreciate.
We are currently in a bubble with these prices, I have seen it before.
Your signature shows that you like depreciating cars
You want car manufacturers to evolve and introduce better cars, at least I do.
You want to make money? These new GT3 cars are not the ticket.
None of these cars are blue chip cars (outside of some the hyper cars by these manufacturers).
Trade in a GT3.1, the GT3RS .1, and the GT3.2 when the .2RS is here. All will depreciate.
We are currently in a bubble with these prices, I have seen it before.
Your signature shows that you like depreciating cars
You want car manufacturers to evolve and introduce better cars, at least I do.
You want to make money? These new GT3 cars are not the ticket.
None of these cars are blue chip cars (outside of some the hyper cars by these manufacturers).
Do you think 991 Gt2 RS will hold value better than 991 GT3 RS?
Which hyper cars you think?
#1368
Three Wheelin'
Nope- not what I’m saying. What I’m saying is that some depreciate more than others. Mclaren 650s which had a sticker for 350k plus is now selling 18 months later for less than 190k.
cars depreciate - and yes if you buy them as investments that is stupid. But Mclaren takes it to a whole new level. I happen to like the 720 but no way in hell I’d buy it New. The 720 LT will come out- they already announced it- and that makes my almost 400k car drop in value like a rock.
I can handle depreciation but why would I knowingly subject myself to that kind of loss for no reason. Wait 12-18 months and buy it at a discount. In the meanwhile- drive one of the other latest and greatest cars out there.
their business model is screwed up. Stop announcing the replacement before your current model is even delivered.
cars depreciate - and yes if you buy them as investments that is stupid. But Mclaren takes it to a whole new level. I happen to like the 720 but no way in hell I’d buy it New. The 720 LT will come out- they already announced it- and that makes my almost 400k car drop in value like a rock.
I can handle depreciation but why would I knowingly subject myself to that kind of loss for no reason. Wait 12-18 months and buy it at a discount. In the meanwhile- drive one of the other latest and greatest cars out there.
their business model is screwed up. Stop announcing the replacement before your current model is even delivered.
Agreed, I think that was the biggest deterrent for me. I'm sure most of us on this board are smart enough to have made enough money to afford these cars. We realize 99 percent of cars don't appreciate and we don't expect them to. We also want to be smart about our purchases and not buy something that depreciates 50 percent in two years, when we can buy something nearly as good that will depreciate only 10 percent. Watches for example are similar to cars. They generally are depreciating assets, but I would much rather purchase a Patek or Rolex vs an A. Lange Sone or IWC.
#1369
Genuinely interested how you came to the above conclusion.
Did Porsche screw over .1 gt3 owners by releasing the 991rs and .2gt3? That's essentially what Mclaren did with the 675 and 720 to the 650......
That's not to say Mclaren haven't ran over some of their customers at various points as they absolutely have but some of the criticism levelled at them is pretty nonsensical.
Did Porsche screw over .1 gt3 owners by releasing the 991rs and .2gt3? That's essentially what Mclaren did with the 675 and 720 to the 650......
That's not to say Mclaren haven't ran over some of their customers at various points as they absolutely have but some of the criticism levelled at them is pretty nonsensical.
#1370
Rennlist Member
Genuinely interested how you came to the above conclusion.
Did Porsche screw over .1 gt3 owners by releasing the 991rs and .2gt3? That's essentially what Mclaren did with the 675 and 720 to the 650......
That's not to say Mclaren haven't ran over some of their customers at various points as they absolutely have but some of the criticism levelled at them is pretty nonsensical.
Did Porsche screw over .1 gt3 owners by releasing the 991rs and .2gt3? That's essentially what Mclaren did with the 675 and 720 to the 650......
That's not to say Mclaren haven't ran over some of their customers at various points as they absolutely have but some of the criticism levelled at them is pretty nonsensical.
Don't get me wrong, this is all first world problems, but if McLaren want to grow their brand they have to realize their brand relies on more than just having the fastest car.
Also I'm reporting what people think and the actions some people are taking, I'm more mellow about the situation than some of the panic flippers and order cancelers. But then I have no skin in the game.
As for the 991.1 GT3, how much depreciation has a decently spec'd one lost? In the UK better models of the GT3 & GT3RS can sell for more than their MSRP, in fact the lowest priced GT3 on Auto Trader still costs more than the base price of the new GT3.
#1371
Burning Brakes
Nope- not what I’m saying. What I’m saying is that some depreciate more than others. Mclaren 650s which had a sticker for 350k plus is now selling 18 months later for less than 190k.
cars depreciate - and yes if you buy them as investments that is stupid. But Mclaren takes it to a whole new level. I happen to like the 720 but no way in hell I’d buy it New. The 720 LT will come out- they already announced it- and that makes my almost 400k car drop in value like a rock.
I can handle depreciation but why would I knowingly subject myself to that kind of loss for no reason. Wait 12-18 months and buy it at a discount. In the meanwhile- drive one of the other latest and greatest cars out there.
their business model is screwed up. Stop announcing the replacement before your current model is even delivered.
cars depreciate - and yes if you buy them as investments that is stupid. But Mclaren takes it to a whole new level. I happen to like the 720 but no way in hell I’d buy it New. The 720 LT will come out- they already announced it- and that makes my almost 400k car drop in value like a rock.
I can handle depreciation but why would I knowingly subject myself to that kind of loss for no reason. Wait 12-18 months and buy it at a discount. In the meanwhile- drive one of the other latest and greatest cars out there.
their business model is screwed up. Stop announcing the replacement before your current model is even delivered.
Then they just wait, because the next one is around the corner. I hear them all the time, making the same comments you make.
I prefer to play in the game, then ride the bench.
I don't know how much time I have, and what I have learned in my career, is that I am good at making money, but not at finding time.
This banter is nonsense.
#1372
Burning Brakes
Agreed, I think that was the biggest deterrent for me. I'm sure most of us on this board are smart enough to have made enough money to afford these cars. We realize 99 percent of cars don't appreciate and we don't expect them to. We also want to be smart about our purchases and not buy something that depreciates 50 percent in two years, when we can buy something nearly as good that will depreciate only 10 percent. Watches for example are similar to cars. They generally are depreciating assets, but I would much rather purchase a Patek or Rolex vs an A. Lange Sone or IWC.
#1373
Instructor
Many people can and do wait for these cars to come down to a level they feel is appropriate for them financially.
Then they just wait, because the next one is around the corner. I hear them all the time, making the same comments you make.
I prefer to play in the game, then ride the bench.
I don't know how much time I have, and what I have learned in my career, is that I am good at making money, but not at finding time.
This banter is nonsense.
Then they just wait, because the next one is around the corner. I hear them all the time, making the same comments you make.
I prefer to play in the game, then ride the bench.
I don't know how much time I have, and what I have learned in my career, is that I am good at making money, but not at finding time.
This banter is nonsense.
Some of these guys are simply hating and throwing around silly numbers. But others are just eternally on the fence, planning forever, always waiting on the next one.
#1374
Many people can and do wait for these cars to come down to a level they feel is appropriate for them financially.
Then they just wait, because the next one is around the corner. I hear them all the time, making the same comments you make.
I prefer to play in the game, then ride the bench.
I don't know how much time I have, and what I have learned in my career, is that I am good at making money, but not at finding time.
This banter is nonsense.
Then they just wait, because the next one is around the corner. I hear them all the time, making the same comments you make.
I prefer to play in the game, then ride the bench.
I don't know how much time I have, and what I have learned in my career, is that I am good at making money, but not at finding time.
This banter is nonsense.
people pay for what they value. If you value 720 great go ahead and buy it. Me- I don’t value it enough to take a 150k bath in 18 months.
im willing to pay over msrp- for a gt3 rs.
in the end but what you want but if you think nonsensical banter ain’t your thing- best to stay off the internet.
#1375
Three Wheelin'
How so? My point was that we realize cars depreciate, but that doesn't mean we can't be smart with our money. Given the choice between two cars that perform really well and suits your needs, most people will take the car that depreciates 10 percent versus 50. I mean some people have enough money that it doesn't matter, but I'm not there yet.
Time being a valuable commodity has nothing to do with this. Waiting for a special model or model that doesn't depreciate, doesn't mean one isn't enjoying life and living it to the fullest. Not everyone is in the position to purchase a brand new car that depreciates 150k in two years. Some are in that position and still don't want to because they would rather spend on other things. I think the 720s is a great car, but still wouldn't purchase one. I would rather have the LT version that is more raw and depreciates less. It doesn't mean I'm not enjoying life. I have a 991.2 GT3 in manual on the way and will probably enjoy that a lot more than a 720s.
Time being a valuable commodity has nothing to do with this. Waiting for a special model or model that doesn't depreciate, doesn't mean one isn't enjoying life and living it to the fullest. Not everyone is in the position to purchase a brand new car that depreciates 150k in two years. Some are in that position and still don't want to because they would rather spend on other things. I think the 720s is a great car, but still wouldn't purchase one. I would rather have the LT version that is more raw and depreciates less. It doesn't mean I'm not enjoying life. I have a 991.2 GT3 in manual on the way and will probably enjoy that a lot more than a 720s.
#1376
Have they run over their customers or is some peoples concern nonsensical?
Don't get me wrong, this is all first world problems, but if McLaren want to grow their brand they have to realize their brand relies on more than just having the fastest car.
Also I'm reporting what people think and the actions some people are taking, I'm more mellow about the situation than some of the panic flippers and order cancelers. But then I have no skin in the game.
As for the 991.1 GT3, how much depreciation has a decently spec'd one lost? In the UK better models of the GT3 & GT3RS can sell for more than their MSRP, in fact the lowest priced GT3 on Auto Trader still costs more than the base price of the new GT3.
Don't get me wrong, this is all first world problems, but if McLaren want to grow their brand they have to realize their brand relies on more than just having the fastest car.
Also I'm reporting what people think and the actions some people are taking, I'm more mellow about the situation than some of the panic flippers and order cancelers. But then I have no skin in the game.
As for the 991.1 GT3, how much depreciation has a decently spec'd one lost? In the UK better models of the GT3 & GT3RS can sell for more than their MSRP, in fact the lowest priced GT3 on Auto Trader still costs more than the base price of the new GT3.
#1377
Rennlist Member
Your original point was that the 675 and 720 was proof that Mclaren were trying to screw over the 650 owners. The fact that Mclaren had run over the 12c owners with the way they released the 650 and other examples has no relevance wrt to what you were saying. The 675 and 720 are natural model progression for Mclaren from the 650, similar to the rs and .2gt3. When has the rs ever been considered screwing the gt3 owner?!
My point was not specific to a single car in their range, it was that they've undermined every car in their Super Series range, also I don't think it has been done intentionally but the results are shown in the resale values of two, three, four year old supercars that are selling for half what was paid for them. This has been noticed by potential & current owners and, according to industry gossip, has become a concern McLaren are struggling to resolve.
I thought I was pretty clear.
#1378
Many people can and do wait for these cars to come down to a level they feel is appropriate for them financially.
Then they just wait, because the next one is around the corner. I hear them all the time, making the same comments you make.
I prefer to play in the game, then ride the bench.
I don't know how much time I have, and what I have learned in my career, is that I am good at making money, but not at finding time.
This banter is nonsense.
Then they just wait, because the next one is around the corner. I hear them all the time, making the same comments you make.
I prefer to play in the game, then ride the bench.
I don't know how much time I have, and what I have learned in my career, is that I am good at making money, but not at finding time.
This banter is nonsense.
#1379
Platinum Dealership
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Originally Posted by NateOZ
Spent the day car shopping - gave the 720S another go (about 40 minutes), but still struggling with it for my use (primarily street). Came away thinking the 570 Spider might be the sweet spot in the current line up.
Local dealer has three 720s available with another on the way. Very heavily optioned, but surprising they were available on the floor.
Local dealer has three 720s available with another on the way. Very heavily optioned, but surprising they were available on the floor.
Rule is that we have to always have one on the floor for demonstration purposes and we can sell the others.
#1380
Drifting
I have a fairly busy day today, but I'll take the time to go dig up that post you made if you are unable to remember.
Buddy of mine just bought a Huracan Performante and took me for a joyride in it last week. When I asked him if he thought it was faster than the 918 he chuckled and said "no way in hell on the OE tire." He has a 2 RS coming next year, as well.
Buddy of mine just bought a Huracan Performante and took me for a joyride in it last week. When I asked him if he thought it was faster than the 918 he chuckled and said "no way in hell on the OE tire." He has a 2 RS coming next year, as well.