MP4 prices are really plummeting on resale | Page 16 | FerrariChat

MP4 prices are really plummeting on resale

Discussion in 'British' started by finnerty, Mar 23, 2013.

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  1. candellara

    candellara Karting

    Jul 16, 2006
    232
    Chichester, UK
    Full Name:
    Jason
    Personally, i didn't like the MP4 - too capable and too refined IMO. It didn't feel connected and an exhilarating drive unless you were travelling at "silly" speeds.

    Just one of the reasons i wouldn't buy a 458 or similar. Unless you're tracking them i question whether there really is a place that you can exploit the sensations of these modern cars that are docile until 120mph + (and that's coming from someone who lives partially in Germany and is regularly on Autobahns.

    One of the reasons i sold the Challenge Stradale, Porsche 997 RS and i've stepped more deeply into classics (e-Type) and a Lotus Exige S. I want all the fun and drama up to 100mph.
     
  2. kverges

    kverges F1 Rookie

    Nov 18, 2003
    3,179
    Dallas
    Full Name:
    Keith Verges
    I sort of understand the "too competent" and refined comments. I appreciate vintage cars as well. But part of me wants the superior car and in may ways "drama" translates to inferior. I love my Elise, but then again it was about $50K new. If I am paying for the best I want the best.
     
  3. leead1

    leead1 F1 Rookie

    Nov 29, 2006
    2,828
    Florida
    Full Name:
    Lee
    I respect your opinion. There is no doubt when the chassis and power plant switches are set at normal it is like being in a Rolls. The switch settings are Normal, sport or track. When the car is set on track/track the car is exciting at any speed. I love the car.

    I am lucky in that my dealer seems to be outstanding. I am also lucky there is a European car shop 10 miles from me that works on these cars if needed.

    Best

    Lee
     
  4. NSXLuvr

    NSXLuvr Formula Junior

    Oct 3, 2006
    575
    Tx
    Full Name:
    Ritesh
    Source? Link?
     
  5. smooth

    smooth Formula Junior

    Nov 4, 2005
    682
  6. Napolis

    Napolis Three Time F1 World Champ
    Honorary Owner

    Oct 23, 2002
    32,118
    Full Name:
    Jim Glickenhaus
    If McLaren parts prices go up 30% and used car prices continue to fall at the rate they are it may be worth buying one as a parts car especially when they go out of warrantee.
     
  7. TheMayor

    TheMayor Ten Time F1 World Champ
    Rossa Subscribed

    Feb 11, 2008
    106,085
    Vegas baby
    I hate to say it but with sales struggling, one quick way to make more bucks is to get it back in spares -- even spares you've already made and have in stock. People already assume spare parts are expensive on any exotic. It isn't until the cars go out of warranty that you get that sticker shock. That's why so many new cars get sold before the warranty date (including F cars, RR, Lambo etc also of course). But a massive raise all at once does smack of trying to bring in more revenue.
     
  8. Senna1994

    Senna1994 F1 World Champ

    Nov 11, 2003
    13,189
    Orange County
    Full Name:
    Anthony T
    Kind of a mute point as the cars are currently under warranty with 2015 being the year when the warranties expire so what is the big deal with increase in the parts if something goes wrong? The cars are covered, only in an accident does it become an issue.
     
  9. TheMayor

    TheMayor Ten Time F1 World Champ
    Rossa Subscribed

    Feb 11, 2008
    106,085
    Vegas baby
    Exactly. It won't effect one sale today. No one worries about this when they buy a new car. But, it brings in revenue later even though they've already made most of the parts.

    The negatives though it speeds up people selling or trading as it gets near the end of the warranty period and makes convincing someone to buy a car out of warranty think twice. That hurts resale values.

    Also, increased parts costs on accidents will lead to higher insurance costs. Insurance companies are no dummies when it comes to spending.

    Bottom line: you don't get something for nothing. There's always a trade off to a large price increase in a short period of time.
     
  10. ARTNNYC

    ARTNNYC F1 Rookie
    Owner Rossa Subscribed

    Jul 8, 2005
    3,795
    Bonita Springs, FL
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    Jerome
    Plus McLaren can show an increase to their shareholders on the company balance sheet
     
  11. NSXLuvr

    NSXLuvr Formula Junior

    Oct 3, 2006
    575
    Tx
    Full Name:
    Ritesh
    The stuff you guys will come up with to try to post negative comments about the 12C blows my mind. Who in their right mind actually consider what parts costs(3 years later)when the car is out of warranty when they are buying a new car? In that case - Nobody should be buying/tracking a F430 or Scud since the Carbon Ceramic Rotors are so damn expensive to replace!!!

    Seriously - you guys need to get a life.
     
  12. Wolfgang5150

    Wolfgang5150 F1 Rookie

    Oct 31, 2003
    4,706
    um, ok.....no one has mentioned tracking/carbon ceramic brakes etc. but for someone like myself; future maintenance costs/dealer location etc are a huge consideration.
    Man guys like you have some seriously thin skin when it comes to any discussion at all about the 12c. If you actually read these threads, everyone has basically said what a great car it is.
    Funny - if Ferrari announces a price increase on parts, people like you would be the first jumping up and down and blasting them...
    Get a life - lol....
    Kevin
     
  13. TheMayor

    TheMayor Ten Time F1 World Champ
    Rossa Subscribed

    Feb 11, 2008
    106,085
    Vegas baby

    The parts increase information came from the Mac owners site, not Fchat. Since when does a 30% increase in parts come without owners complaining?

    "Good job McLaren! Keep up the good work!"

    I think not....

    Ask yourself this. Why would a company overnight change their replacement parts costs?

    1) because they can

    2) because they need to


    They certainly didn't do it to make their owners happy --- the same ones they gave a power increase to at "no cost" in what was advertised as a feel good moment.
     
  14. ARTNNYC

    ARTNNYC F1 Rookie
    Owner Rossa Subscribed

    Jul 8, 2005
    3,795
    Bonita Springs, FL
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    Jerome
    You bet those things are important which is why many owners of 430 Challenge cars as well as other models they track that come equipped with Carbon rotors swap them out for steel. Porsche owners do it as well. Ask me how I know
     
  15. leead1

    leead1 F1 Rookie

    Nov 29, 2006
    2,828
    Florida
    Full Name:
    Lee
    I own a 12C and my opinion is as you post. All supercars are expensive to maintain. They are always alot of fun to drive as is the mclaren.

    No offense meant I do not think I would have ended your post "get a life" they have a right to their opinion as we do.

    Most of the smart posts about costs can not afford a Mclaren and maybe never will.

    As one poster properly said, People who buy these cars do not care. I am one of those types. I enjoy the car , it is a unique and pleasureable driving experience. Like most of my cars I have never seen another on the road.

    At some point my 12C Mclaren may get so expensive I will bail out, but others will stay on.

    All are good posts with great points :)

    Best
    Lee
     
  16. Senna1994

    Senna1994 F1 World Champ

    Nov 11, 2003
    13,189
    Orange County
    Full Name:
    Anthony T
    Ritesh, actually the gentleman in this thread are not being down on the 12C and show an appreciation about it. I agree that in other sections of this forum there is a major Anti-McLaren sentiment, but most of the latest posts have been pretty civil. I follow you on Teamspeed (there are some real idiots there) as well as McLaren Life, so I know you know your stuff.

    Best,
    Tony
     
  17. kverges

    kverges F1 Rookie

    Nov 18, 2003
    3,179
    Dallas
    Full Name:
    Keith Verges
    I try to be pretty objective about cars, and do care about costs. Parts cost increases will affect my willingness to keep the car out of warranty; that and reliability.

    I don't view there being too much anti-McLaren sentiment, at least not much for an obvious Ferrari and, more importantly "Ferrari lifestyle" web site. Frankly, I sense a bit of fanboyism and defensiveness on the McLaren side.

    Objectively, in pretty much any kind of quantifiable way like weight, power, accleration, and even lap times, I think the Mac is one of the best cars money can buy. I actually don't even think Ferrari fans will strongly debate the performance of the 12C, at least now that McLaren has updated the car.

    But let's face it, these kinds of cars are, for most buyers, "lifestyle" accessories and the subjectives trump most everything else (how many owners are going to actually run timed acceleration or laps?). So folks buy what they like for personal reasons. And there is no way to win a debate about the "better" car once the benchmarks are things like "drama," and "involvement," and "feel," and so on.

    To each their own and frankly the competition forces each to get better. Do you think McLaren would have given its owners all the great updates if they had not gotten their butts kicked by the 458 in the initial reviews?
     
  18. smooth

    smooth Formula Junior

    Nov 4, 2005
    682
    Exactly. They do need to raise money because sales are "struggling". They've got to generate cash somehow; this is a way.
     
  19. MarkNC

    MarkNC Formula Junior
    Owner

    May 22, 2012
    787
    Full Name:
    Mark
    I have a 458 Spider and a 12C Spider and I love them both. I also have an FF and I have a McLaren P1 on order.

    There's definitely an air of schadenfreude on this forum toward McLaren.

    Compared to Ferrari, McLaren is a young up-start. I think they've done spectacularly well with the 12C considering it is really only their second true road car effort on their own. I don't count the Mercedes McLaren SLR because I think it was more Mercedes than McLaren. The 12C Spider is an incredible car. It most definitely equals the 458 Spider which is incredible if you consider how many models Ferrari has made over the year. In some ways the 458 is better and in some ways the 12C is better. But they're both awesome machines and both deserve to be respected and admired by people who appreciate great motor cars.

    If you're overly concerned with depreciation and resale value then you shouldn't be buying, or considering buying, brand-new supercars. Let's leave those concerns to the second hand buyers who benefit from the depreciation and reduced resale values :)

    If you can buy a used Ferrari or a McLaren for a great depreciated price, and you can afford to insure and drive it, more power to you!
     
  20. leead1

    leead1 F1 Rookie

    Nov 29, 2006
    2,828
    Florida
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    Lee
    I also own a Mclaren 12C and a 458 ferrari and you post perfectly states how I feel. There are other great cars and I love them also.

    Thank you for posting.

    Lee
     
  21. Senna1994

    Senna1994 F1 World Champ

    Nov 11, 2003
    13,189
    Orange County
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    Anthony T
    Raise money buy selling parts on cars that have a 3 year unlimited warranty? :eek:
     
  22. TheMayor

    TheMayor Ten Time F1 World Champ
    Rossa Subscribed

    Feb 11, 2008
    106,085
    Vegas baby
    Clearly, it's to add revenue. It may be in the future but it's for that purpose. And, crashed cars and non-warranty will automatically give them more money in the till.

    I don't blame them. No one who currently owns a car is going to care much and anyone who is buying new won't care. Used owners out of warranty will be hurt the most.
     
  23. smooth

    smooth Formula Junior

    Nov 4, 2005
    682

    Are wearable items, like brakes, free ?? Maintenance items (belts, those wheel nuts that they suggest replacing biyearly, etc.) ?? What about a wheel rim that might hit a curb and get destroyed, a body panel that you might 'crunch' ?? Everything isn't covered under warranties as far as I know.
    Some warrantees will be ending in maybe 8 months, and the parts prices will come into play.
     
  24. NSXLuvr

    NSXLuvr Formula Junior

    Oct 3, 2006
    575
    Tx
    Full Name:
    Ritesh
    I called Brain Zawacki(Service Manager for Park Place McLaren) to get some data points(Since you guys are so concerned about 12C parts costs and since you thought I was being overtly dramatic).

    His exact words: prices "depends on the parts actually, some went up and some went down, they didn't go up much"

    Also His text to me about Brakes: Replacing all 4 steel rotors and pads is "around 9K" while doing the same job on Carbon Ceramics is "about 18K".

    Anybody have similar data on the F430/F458? I have a feeling it will be a bit higher ;-)
     
  25. Wolfgang5150

    Wolfgang5150 F1 Rookie

    Oct 31, 2003
    4,706
    You forgot to tell us to get a life....
     

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