P1 v LF- what will happen to the used values?

Interested to know what everyone thinks about the relative second hand value of these two cars. Fewer Maclarens made but Ferrari has that brand.

 

aleady a p1 vs lf thread, try there

 

I'm sure the initial preowned prices will be through the roof on both cars. The Enzo was trading hands at over $2 Million right away. However, in terms of 2-5 years after these cars are produced, that's anyone's guess.

The 'hyper-car' (i hate that term) market is fairly saturated right now. About 500 LF's will be made, 375 P1's, not to mention the Pangani Huayra and Koenigsegg CCX. The Porsche 918 isn't too far off either.

So, it really is anyone's guess when it comes to long term value. I doubt that a clean low mileage example of either the LF or P1 will be worth much less than msrp in 10 years. But some may differ in opinion.


I also want to add that I don't seeing the P1 ever reaching McLaren F1 prices. There will be too many on the market and historically it isn't as big of a milestone for the company or industry.


Again, this is all just my personal opinion.

 

P1 isn't sold out. That'll limit it's upside... a lot.

 

Good point. I guess you could compare the P1 to the Veyron in some ways. The Veyron didn't sell out when it was released and used examples tend to go for less than msrp.

 

But sold out it will be, in a few weeks. Apparently. Then what?

 

Technically the Mclaren F-1 was not sold out for almost a decade. There was one in the London showroom that was not sold for about 10 years. This has not hurt the price of the McL F-1 in the after market--3X or 4X times the Enzon right now.

 

Correct. But the question I responded to was INITIAL pre-owned prices. Long term is much more complex.

The fact that the P1 isn't sold out (yet) means that demand is not signif greater than supply. At least at this point in time.

Please note... I am not saying P1 will not sell out, or that P1's will not trade over MSRP early on... Just that I believe that the price premium over MSRP will be greater for the Ferrari LaFerrari FaLaLaaa than for the P1.

 

I'm pretty sure p1s are sold out with a wait list.

 

Not as of the Geneva Motor Show.

 

P1 top number is 375. Obviously, the fewer units sold under that number the better for P1 owners. McLaren’s marketing mission from the start was to produce a track weapon. They are reaching deep in their playbook by integrating F1 concepts (DRS, IPAS/KERS, Brake Steer, High Downforce, Etc.) to produce such a vehicle. Time will tell, but if P1 actually performs as its creators have intended, P1 values will only increase over time.

The stakes are much higher for McLaren than Ferrari. Ferrari is a huge Brand and so is their customer base. I believe LaFerrari values will follow a similar cycle as seen with the Enzo. If P1’s performance is anything put stellar I fear questionable values.

 

Well you would be wrong then!

 

Given the msrps of these cars, the volumes to be produced and the astronomical running costs, I expect there will be significant drag on prices for many years. There are much better places for collectors to put their money.

 

If I am not mistaken Ferrari are tying LF owners into a two year buy back scheme so as to prevent speculators getting their hands on the car and trying to control the market.

This could be seen as a good thing but I'm not sure how well it will work in the real world as Ferrari will the be dictating the used market for at least the next few years.

The P1 is a different story, yes its being built in smaller numbers but I would not expect premiums to kick in for a least a few years.

Also I think once we start seeing lap times being posted I think this will have an effect on the long term values.

The problem with both of these cars is that a number will disappear into collections and will not be seen for a number of years. Then will start to pop up in the high end auctions with only deliveary mileage on the clocks and sky high prices.

Don’t forget we are unlikely to see cars from these two manufactures that will challenge these two for at least 8 - 10 years from now if ever considering up and coming legislation. They could be the last of their breed so long term could be a good investment.

On the flip side I could be completely wrong on this.....

 

Yes but you could buy an F1 for around its MSRP or less for years before it became the hot ticket. In Europe i remember seeing cars advertised for sale for $800k every now and then.

 

You would think the people who can afford these cars could care less about running costs.

 

It never ceases to amaze Me just how many people spend over $1M on a car and then discover they can't afford the fuel to run the bloody thing!

 

As an investment, these vehicles seem to require an incubation period if and before they appreciate. But unstable world currencies (dollar, Euro, stirling) could appreciate them early on, if such a situation develops. Overall as a hedge against this, I'd favor precious metals which are more universally accepted and much more fungible.

 

the p1 hasn't sold out because most buyers haven't been selected from a list of 500(iirc) vetted clients

 

What? Nothing to do with demand then?

 

correct, the p1 has already virtually sold out.

Mclaren are just being selective over who buys.

 

Not the way I see it nor what a chat with someone on their sales side suggests

 

LOL!