Shocking Truth About McLaren Depreciation: Bargain Supercars or Money Pit?
McLaren values are decreasing rapidly after their market top, and they are doing so at a higher speed than the competition.
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McLarens depreciated at an average rate of 12.2% during last year. This is higher than the market average and is mainly caused by a steeper drop after the top, and the lack of a bottom for most models during the most recent months.
So is it a money put or a bargain supercar? Well, it depends how you look at it. If you look at price points only and compare competitors to Mclarens, you might arrive at the money pit conclusion. However, they are bargain supercars if you compare an used example to a used example of the competition.
Disclaimer: The Content is for educational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this video constitutes a solicitation, recommendation, or endorsement to buy or sell any cars. The information published has been obtained from or is based on sources which are believed to be accurate and complete. Although reasonable care has been taken, the completeness and the accuracy of any information published cannot be guaranteed. Any opinions may be wrong and may change at any time. You should always carry out your own independent verification of facts and data before making any purchase decision.
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Hey: You're the best choice for a credible partner for Sotheby's . Congrats and well deserved.
50k subs is nothing for what you are producing. We wait few months to celebrate 100k 🎉
Congrats on the partnership, I love that you actually took a partnership that viewers of the channel are interested in instead of trying to upsell us on a mobile game or a beauty product. I had a quick look and 650S can be bought in Europe in the ~€150k range now BUT may trade as low as €125-130k. That screams high repair costs imo as the cars with some warranty outstanding aren't trading in this low of a range.
It seems like Ferrari’s are not as reliable as they were a decade ago, all highly strung performance cars need attention.
Thanks, I am aiming to include the European McLaren market in the beginning of next year. Curious to see how it compares to the US.
@@fourwheeltrader Indeed a great content & would love to see European analysis of these cars as well as I notice some are very attempting in US, but more often EU prices are higher generally speaking
Adoring my 650s- bought it in June as I felt it was the best time to buy. It’s incredible , thanks for the video.
love your work 😀! it takes a lot of time to make one of these videos. we appreciate all you do.
Always appreciate your time and energy!
Another very informative video. Congrats on the 50K subscriber benchmark, and the association with Sotheby's seems like an excellent match!
Well done on the subs bro. Love your work!
Congrats on the 150k subs! Another excellent video. Loved the F430 comparison at ~8min.
I purchased a 650S spider in May of 2022 and I’m sure paid a premium at that time, but I am very happy with it and it has been extremely reliable and no extended warranty. I almost daily drive it and it is said that these cars love to be driven and behave much better when used more often, than just weekends for cars and coffee events.
Are you saying you have no warranty ? Had 2 McLaren’s it won’t be my last , but to own one without a warranty is financial suicide, get a warranty immediately 🤔
Congrats on 50k subs you are the best channel out there for car depreciation analysis!
Bought a 720S in late May, understanding completely the price trends. Thus, I talked them down from $250k for a 408k USA MSRP 2018 with 11k miles because of some deferred maintenance. That said, I have still been shopping, I tend to do that, and 2018 - 2020 coupe 720S prices seem to all come out around the same - it seems the years have merged - and all start around $250k or so, asking, but I see the cars languish for weeks/months, some still for sale that were for sale in May, and now, hovering below $220k after some time on the market. Some, if not a performance model, but a lower spec Luxury or Base, getting down into the $210k-$200k range. So, I guess the prices I see are flattening, month/month, but they seem to be flattening closer to $210k from what I can see, for the 2018-2020 coupes.
Shopping for 720s right now as well. Coming from 911 ts, What would you say is a safe mileage upper bound to look at?
Congrats on the Sponsorship deal! 🙌🙌
You do great work, congrats on 50,000 subscribers.
Thanks
Congratulations on 50K subscribers!
Great vids. thank you
As always great show
Congratulation on the 50,000 subs. I love your channel. I have been watching for many years. Your information is very helpful when I am nearing a buying or selling decision. All the best!!!
Thanks Ben. It is great to hear that you found the videos helpful.
Love your channel. Congratulations on the 50k subscribers. Greetings from South Africa.
My husband and I love your show. Keep up the great work. 50k now, 5m in 10 years.
Predictive the price trend for the new mc20
I just bought a 600LT Spider in June this year. Will I lose money on it? Well, it was a CPO car with 1400 miles on it, so plenty of room for a big drop, but I bought the car I wanted and not the car that would suffer the least deprecation. Could have bought a Lambo or Ferrari if I wanted the best residuals, but honestly they are literally everywhere here (I am in South Florida) and they hold little interest for me.
Buying what you love should always be the top priority 🙌
@EKNCW Nice mate. Props for that. 👌🏽🚗
Fantastic vehicle! I drove a 600LT with 4000miles on it. Wonderfully aggressive vehicle! Definitely a driver's car.
Congrats, I owned a 600LT several years ago and had owned a lot of similar cars before and after…..as far as an amazing drivers car there isn’t really much better. The only reason I sold mine was because a 675LT Spider came up in a perfect spec
One of your best videos to date!
you do a great job! keep it going. And..... because of your channel I am now interested in Sotheby's Motorsport. thanks
Please do a market update on gt350 and gt350r
You produce your “hobby” with amazing quality. Congratulations, on your success.
I'd like to see some info on Lotus cars.
I bought a 570 and sold it and made 12k after 3x the miles 🤣
Last thing we need is another auction house.
I agree, except it looks like Sotheby's Motorsport is different, the first online auction to have the services like verification, money handling, title handling, and other support more inline with live auctions than what we see from like BAT/C&B.
Good Work
And, a request. this is a McLaren video, but would love to see the Mercedes SLS AMG (from 2010-2015) price history and current value trends, please.
Thanks!
Thanks for the support Chris. Much appreciated 👍.
Bummer. I was really starting to think the 675LT was going to skyrocket in value.
It will happen eventually
well I own a 650s, love it, however the cost to maintain compared to my GT3, Huracan Performante, and Ferrari 458, the 650s is killing me $3500 annual service. Also, it throws code errors here and there that do not give me confidence on driving trips. So I am selling unfortunately at huge depreciated cost. Someone will get it for bargain price and it is faster than all the above.
That’s the price you pay for owning a McLaren, for me it’s more than worth it, they are the best drivers car on the market and worth the niggles and issues that ownership brings 👍
UK market next??
Thanks for the vid, jeeez I have no idea they are that bad. I guess older Ferrari or lambo it is lol
I thought that too. Drove the 458, Huracan and 650s. 458 has the name, but honestly, the 650s and Huracan were lightyears ahead of the 458. Still love the look of the 458, but enjoy daily driving my 650s. Yep, decided on 650s over the Huracan.
Am I right Mclaren says you void your warranty if you take your car to a track day? Why would you buy one?
That's incorrect. Whoever told you that is just fearmongering. You should give your local Mac dealership a call and ask them about warranty and track use. I know plenty of Mac owners who track their vehicles and still have warranty.
Where do people hear this nonsense
McLaren holds many track days for their customers and the warranty is not void. My 570s has been incredibly reliable so far.
@@netdudeabsolutely not , owned 2 McLarens 570GT, 600LT, Mclaren invited me to quite a few track days , last one Silverstone GP circuit 👍
Great vid as usual! Curious if you would do bmw i8... I'm not really interested buying it, but noticed they are pretty much back to pre-covid prices. Boy they were pretty inflated the last couple years.
Thanks! I have several older videos about the i8 on the channel, but you can find an updated trend in this video at 08:23 kzhead.info/sun/o8WYf8ltrKVnjJ8/bejne.htmlsi=YtUdg6ExkCkjGKUP
visit the lc500 again brother!
Now compare these prices to the miles driven for each vehicle you will see that the Ferraris are clearly lower mileage and Ferraris suffer greater depreciation when they have comparable miles to a Mclaren
I am not sure this holds across the market. The 488 coupe, for example, has a median mileage of 8,7k and a 720S coupe of10k. However, the 488 loses on average 0.85% per 1000 miles while this is 0.97% for the 720S. This is just one example.
I just went off what is on Cargurus 2018 mclaren 720S Coupes on car has and average of 14k-15k miles of the 11 listed 2018 488 coupes have an average of 7-8k miles for the 7 listed Could you please do a market analysis on mileage Vs depreciation on 702s mclaren Vs 488 Ferraris this would be very interesting to gauge the impact miles has
That's because they are of poor quality. Both parts and workmanship. The only good thing about them is the engine and the carbon fiber tube. Everything else is junk.