Show Us Your Motors!
- Thread starter Lopéz
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Caporegime
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- 22 Oct 2002
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- Boston, Lincolnshire
A work colleague is on a 2 week holiday to Disney Land with all access for himself, wife and 3 kids. 10k all in and thats just for 2 weeks! If our mortgage was paid off we could quite easily afford the McLaren and we are just average joes. Not what I would spend my money on but can see the appeal.
The R8 V10+ is a truly fantastic car and for the money, when working, there is NOTHNG better. I paid 86K for what is a Supercar in all but badge. The engine is one of the finest engines in the world (no McLaren comes close outside BHP) and it steers, stops and goes as well as anything. It is an event, it makes you want to drive it, it does the ego good for those of a fragile nature and it looks fab. However the dealers are pants, utter and total pants. Through my connections I have found 'the man' and I am going to see said man next Monday for a chat about my motor. Said man can work as the middle man, working with Audi on Warranty work but being there to ensure we get it diagnosed right. Let's see what that brings. My car has been off the road for 10 weeks, frankly 8 of those weeks were Audi being utter ****. The first issue was not serious, it just was hard work and they didn't want to make the effort until I got annoyed.
The second issue was an oil leak and though annoying was a relatively easy fix and a known issue. I drive my cars hard, very hard, but I really look after them and spend money to ensure they get gold class service and maintenance and I NEVER abuse them (run hard from cold, nail bad roads without care, starve them of fresh oils regular). It might turn out that the R8 can't take that and that will be sad. In my entire life I have never damaged and engine, never done a gearbox and never needed to replace a clutch on anything. Let's see what happens and the 570S is set for this month, watch this space on that one.
At least it has a plate, most don't with quick cars these days. The RS lost a rear plate at speed during the trip!
I'll add that in my friends experiences the McLaren is no better than the Audi when it comes to dealers or reliability. However McLaren's dealer issues can in the main be put down to infancy of the brand and manufacturer challenges where as Audi's are 95% dealing with Dave the Rep in is A4 on a company lease.
If you do get that I definitely think you need to take a road trip to Lisbon, and possibly stop off for a pastel de nata and a photo session as well.
Just sayin...
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I'd never pay that for ownership experience of a car like that either, but I get the impression people financing brand new supercars are not in a position of having to decide between a rental property and a supercar.
It's a different league. Once you get there I'd imagine the 'Do I buy a flat and rent it out or do I buy a supercar' isn't a typical decision.
Few thoughts based on my recent discussions..
There are significant 5 figure discounts on cars in stock or on the way into stock, no matter what that nice man at McLaren might seek to tell you. I am personally aware of friends who have been offered cars with 20K of options and a 5 figure discount. This is on brand new stock/coming into stock cars. I am also aware that some of the pre-owned stock cars can be bought for a 'fair' discount off their current advertised price. If they have for example a 12C up at £110K it is likely that car was bought in the low to mid 90's. They are simply not holding their price and the first 12C's lost an absolute bomb and some owners could not even sell them back to dealers who would not even bid on the cars. I am aware of some early owners losing vast amounts and I know this has put some off the brand completely.
As an example McLaren are offering deals on cars with subsidised finance (still not the best rate) and small contributions that means, as an example, a car with a list of 175K (typical for a sensible spec 570S) would equate to £30K down and circa £1900 a month over 3 years, based on 10K miles (the mileage surprisingly has little effect on monthly payments, circa 50 quid over 5k) with a residual (final payment) of £97K at the end of the period. You can't do these sorts of cars cheaply, if you can't budget 2K per month PLUS running costs and you are not one of the very few cash buyers, you are not able to play the game no matter how you wish to slice and dice the cake. Many people who do 'cash buy' simply use mortgage equity too, which is easy to do in That London if you have been in your house for 10 years and the cheap rates make that a sensible angle if you overpay the extra.
BUT when the market dumps, which it will, then there are going to be some very eager sellers out there. I would NEVER take such a risk.
There are significant 5 figure discounts on cars in stock or on the way into stock, no matter what that nice man at McLaren might seek to tell you. I am personally aware of friends who have been offered cars with 20K of options and a 5 figure discount. This is on brand new stock/coming into stock cars. I am also aware that some of the pre-owned stock cars can be bought for a 'fair' discount off their current advertised price. If they have for example a 12C up at £110K it is likely that car was bought in the low to mid 90's. They are simply not holding their price and the first 12C's lost an absolute bomb and some owners could not even sell them back to dealers who would not even bid on the cars. I am aware of some early owners losing vast amounts and I know this has put some off the brand completely.
As an example McLaren are offering deals on cars with subsidised finance (still not the best rate) and small contributions that means, as an example, a car with a list of 175K (typical for a sensible spec 570S) would equate to £30K down and circa £1900 a month over 3 years, based on 10K miles (the mileage surprisingly has little effect on monthly payments, circa 50 quid over 5k) with a residual (final payment) of £97K at the end of the period. You can't do these sorts of cars cheaply, if you can't budget 2K per month PLUS running costs and you are not one of the very few cash buyers, you are not able to play the game no matter how you wish to slice and dice the cake. Many people who do 'cash buy' simply use mortgage equity too, which is easy to do in That London if you have been in your house for 10 years and the cheap rates make that a sensible angle if you overpay the extra.
BUT when the market dumps, which it will, then there are going to be some very eager sellers out there. I would NEVER take such a risk.
Soldato
- Joined
- 26 Aug 2003
- Posts
- 24,286
In a nutshell,
Car 1: Sold Octavia "runabout", Bought relatively nice E30, has been restoring it pretty well, drives it daily I believe.
Car 2: Bought relatively tidy MK2 MX5, swapped it for utter nail of a MK1 with a potentially shafted engine, tried to swap shafted MK1 for another MK1 of unknown quantity.
He's half-way towards not messing up his car-related purchases
What's the front one? Love it
Trabant
The Trabant is mine, Yesterday was its first outing in a few months with its new ride height and wheels fitted. I love that wee thing, 2 stroke 600cc engine with a pokey 26hp.
The F100 is owned by a mechanic friend of mine.
Have already lit up the tyres on the way to work this morning, thank the lord for traction control.
Because of interest rates these cars are very accessible at the moment. McLaren brum were telling me 12Cs are available on finance with £22k down and £600 a month over 2 years.
Are you serious?
Can you give me more details, must be a huge balloon payment at the end yes?
But as other since replied, 36k to essentially borrow it and hand it back, plus the running cost and fragility of it potentially and its not really for me.
Its the attraction of cars like the Mustang, GTR, Porsches, you can drive them proper hard and they don't break, built to last, unless of course your abuse them, driving hard from cold, not regular oil changes, crap fuel or just being a tit.
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Soldato
- Joined
- 29 Jul 2013
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I can see those ideas going around in your headAre you serious?
Can you give me more details, must be a huge balloon payment at the end yes?
But as other since replied, 36k to essentially borrow it and hand it back, plus the running cost and fragility of it potentially and its not really for me.
Its the attraction of cars like the Mustang, GTR, Porsches, you can drive them proper hard and they don't break, built to last, unless of course your abuse them, driving hard from cold, not regular oil changes, crap fuel or just being a tit.
I can see those ideas going around in your head
I have ideas, but I am unwilling to part with both the Mustang or M3, so ideas is all they remain. In theory I could raise around 80k, got around 25k funds from mining, 20k from M3, 40k from Mustang, gives me 80k, could add 20-30k finance for around 100k, but then driving around in a car worth 70-100k just not really hearing the idea of that haha, plus I'd have to sell the two cars I truly thoroughly enjoy and on the grand scheme of things the only real true advancement over my current cars is gearbox and oh look at me I've got a supercar.
For now happy with the two I have and throwing money at those like it grows on trees, as right now the only replacements I can think of would be R8 V10 or GTR, but both I have issues with or just go for something like a Merc GT-S, but then its a case of what does it really get me apart from a badge and supercar status. I think if I was spending wisely the best place to plonk 80k area on a motor vehicle would be a Cayman GT4, that car ticks every box for me except power, wish they had around 500HP in that little lightweight shell.
Soldato
- Joined
- 26 Aug 2003
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