Worse than i thought | McLaren 720S Depreciation and Buying Guide

[@fourwheeltrader]

*Which car would you like to see analyzed next!?*

[@The_Prosperous_Mind]

Audi TT RS, Alpine A110, Porsche Cayman

[@Emadavid]

Have you done one for the Bentley Continental GT? Or 812 Superfast 😍

[@turbokid99]

which 'currency' are you talking about in this video? US dollars? Canadian dollars? Australian dollars? You fail to mention it

[@fourwheeltrader]

@@turbokid99 US dollars

[@fourwheeltrader]

@@Emadavid Not yet, but i'm sure they will feature on the channel at some point.

[@ZachSchieffer]

*Me with nowhere near enough money for a 720s:* ah yes, now really is the perfect time to buy

[@fourwheeltrader]

😂

[@kengrand5445]

The 720 depreciation is the best thing that could happen

[@chrisquinn4181]

Designer attempted to have the 720S front facia look like a Great White Shark.. Love the design

[@fourwheeltrader]

I also start to like them better now they are a few years old.

[@osamabinladen824]

@@fourwheeltrader How about the McLaren 765LT?

[@TheTmat007]

@@fourwheeltrader I think McLaren nailed it with the design of the 720s. And to me, that is how a supercar should look....Different. I'm just not pleased with the idea of spending $400k or more on a supercar that looks similar to others out there. Although I like the design of the P1 (think it's a bit more appealing than the 720s), it doesn't feature it's own unique look. To my eyes, it looks very similar to the 650s/675LT, from the front end. And from the side view, it looks like McLaren sports series line up of cars (570s, including). I love cars like 720s and Ford GT, which feature a unique design.

[@Emadavid]

I'm shocked your channel does not have more subs 🤦🏾‍♂️

[@fourwheeltrader]

Thanks.

[@CylinderHeadE60]

De Toa Baja Pal' Mundo found it yesterday and this is absolutely fantastic work. We need more content like this on YT

[@N37L]

7 ads in 12 mins... the subscriber forecast tradjectory is low :(

[@lwall6624]

S2000 would make for an interesting video!

[@BrentRuiz]

About to review this car on my channel and also considering purchasing maybe later this year considering the pricing reasons in this video. Great video!

[@Gedalneil]

Excellent production, data and insights. Keeps getting better and better

[@Mr_Lemon_Law]

Excellent, spot on. I'd like to see an analysis for the Ferrari 812, Cars for sale for 7-10 months in many cases yet prices are not softening. Why?

[@fourwheeltrader]

Thanks, good suggestion!

[@powerlvl15]

Agree on Ferrari 812. F12 is much more admirable for me.

[@2f2f45]

GREAT work, nothing less! I am willing to follow your argument re. higher final depreciation plateau, however not entirely sure. Because there will always be a newer, better car, so at a same given model age, the price level of a comparable model type should/might be the same or at least similar. But again, I don't know. McLaren depreciation is bad because of the discounting strategy they've been doing; we're only starting to see the effects, it can get much worse. I however believe that Aventador S follows a similar albeit not as bad curve. Would be interesting because comparable model years. Note that Aventador SV prices have tended to go up throughout last year, maybe because more limited run?

[@fourwheeltrader]

Production numbers and availability indeed play a large role in explaining these curves.

[@TheTmat007]

If I were rich, I wouldn't give a shit about a supercar's depreciation. Now, to each their own. But personally, that is not the reason why I am interested in supercars. It is because of their performance and the fact that they are different from regular cars. That said, I would choose a 720s over any other supercar out there. It has the performance to match hypercars. And it also has cool exotic doors (which I think every supercar/hypercar should feature).

[@slkttop]

June 2023 here. I was encouraged by your recent update on McLarens and am shopping for a 720S right now. Looks like they have just returned to pre-pandemic levels only now, after the Pandemic Pandemonium™️ came and went. So they seem to be back to their “only $27k a year” curve.

[@fourwheeltrader]

Values decreased by 14% during last year. While it is approximately the same as for other cars, the absolute numbers are a bit terrifying due to the high price tag.

[@slkttop]

@@fourwheeltrader thanks for you reply. I am in the process of buying one in the wild. Once I am done, I will post what I got it for. It might come in handy as a data point. I was surprised that I could not get an MMR value on a 2018 using the exact VIN, using their website. Manheim claim "not enough data", but they do have historical sales data, of course. You cannot know HOW many times I pasted this video link into an email to the prospective dealers I talked to. And I took a screenshot of your 720 curves and added my own trend lines and comments. It actually helped and some would acknowledge my assumptions based on your actual analysis. Thank you soooo much for what you do.

[@slkttop]

I bought, 2018 Performance model, 11k miles, single owner, 408K MSRP due to almost all MSO option carbon fiber parts, Track Telemetry, and Sport exhaust. Work needed: one broken Gorilla glass, dead accumulators, and all fluids need servicing. Still possible to put this car back under extended McLaren Warranty: $235k in June of 2023.

[@coreypattakoswow]

Another great video! Thanks again for helping me with question on my 720s via Instagram! Subbed for life ☺️

[@ricsu3462]

the forecasted depreciation value for next year seems optimistic? once mclaren release another faster cheaper car having the exact same engine with big discounts off msrp, it will create a big dent in the graph haha. Love the videos as always, getting better and better!! now there's even warranty considerations

[@fourwheeltrader]

It is indeed very difficult to forecast this market due to the volatility.

[@granturismoracer545]

Thank you. I was in the market for a 720S.

[@stevenyia2778]

Forza does not count 😂😂👍👍

[@Yachtzeee]

I have always been a P car fan. These Mac hines are absolutely gorgeous. Still a good deal. Imo

[@vicstephens4952]

Great job. Would like to see Rolls Royce Wraith

[@yourfavoritetrader1496]

One of the things to consider is that the vehicle prices can range widely due to various options. You could easily add over 50K in options.

[@fourwheeltrader]

True, for the higher spec cars the depreciation number will be higher as the premium for the options fades away when the car gets older.

[@DnBDubstepManiak1]

You notice that you lose a ton of money on expensive cars, that aren't really limited. Basically you don't want to spend that much money on a new non-limited car, you already know the price will drop like crazy. You can already see that with normal cars. If you want to spend that much money on a car, but you don't specifically want the 720s for example, their are better options. The more limited they are the better. As this is even happens in a much lower segment. The Focus RS MK2's asking price, being 9-10years old, is only a little but lower than the MK3 model only being a few years old. And if you were able to get the RS500 and it's still in good condition, well that's a little gem xD

[@fourwheeltrader]

Very true

[@ryanchau8609]

im in a market for 720 and performante right now, this video is perfect thanks! please do a guide maybe for performante? or vehicles with similar values currently. cheers!

[@fourwheeltrader]

The performante features in my video about the Huracan.

[@The_Prosperous_Mind]

Wow! Thats crazy depreciation for the 720s! Nice video like always. Could you do a depreciating analyse for the Audi TT RS? Or the Alpine A110? Or the Porsche Cayman? Or all the three?? ;) Thanks

[@fourwheeltrader]

All the caymans are covered on my channel. The TT RS and A110 are good suggestions, thanks!

[@The_Prosperous_Mind]

Fourwheel Trader - Car depreciation analysis Yep I just saw now that you already covered the Caymans! Great job ;) Thanks

[@naughtyrock6558]

Thanks for your videos mate! Could you make a Dodge Viper SRT-10 depreciation video?

[@dannyshapiro6668]

Is great data...thanks for the analysis. Well done. However you need to put more thought into "spec". Are the spiders on another curve ? Resale price must also consider spec or original sticker price.. which vary immensely. I would think the high cost options like exterior carbon are not appreciated in used car market where people want to just experience the thrill of driving. Similarly spider option transforms the ( street ) driving experience and will be earn a premium on the used market.

[@fourwheeltrader]

For this particular market it would indeed make sense to take the spec into account. Unfortunately, the spec is often not mentioned in the advertisement or it is mentioned but contains errors. In general, however, the importance of the spec for the price level decreases rapidly once the car is 1-2 years old. I.e the premium which is paid for it fades away and the depreciation number should be increased for high spec cars.

[@olayinkaa6020]

Nice breakdown. Can you pls do same breakdown for the Ferrari Pista 488.

[@racekar80]

A Mclaren is possibly the worst possible supercar to purchase based on resale, reliability, cost of service. They have you by the balls, no one can work on the car, they void the warranty at any cause, it’s woefully unreliable if used any amount of time.

[@orangez1986]

And the looks leave something to be desired.

[@Clarky006]

Wishing it was as simple as taking depreciation into account to enter the market. These cars are notorious for breaking, and out of warranty you might as well be buying new cause you're going to be gambling either way on running costs 😂. The only somewhat logical thing you can learn from buying any car like this is buy them to enjoy them, in the knowledge you'll lose a wedge either way.

[@DanyCesc83]

I'm in the market for a used 720 because buying new makes no sense, their warranty sucks regardless and I found plenty of 720 under my budget of 220k USD and that was last year, I'm waiting until the end of 2020 or earlier 2021 to pull the trigger unless I find a good low mileage 720 before then, if I don't get this then I'll go for a 911 T-S or Lamborghini Evo RWD both at my price range.

[@tonyzhang7680]

Same. I agree that in winter 720s from 2018 would fall to 180k

[@vincedavis4205]

Do you have any data which compares the new list price vs the actual sale price of new cars? Anecdotally, new McLaren buyers are getting large discounts below the list price on new purchases. I would like to see data that supports or refutes that theory. Also, I’d like to see the depreciation curves considering the new sale values rather than the new list prices for current year data points.

[@fourwheeltrader]

Unfortunately, the actual selling prices are not available (as far as i'm aware). That would indeed make for an interesting analysis.

[@tofu1413]

McLaren has cut back production overall on their cars..... so yes, the cars are currently taking a hit but next year or two, once supply dries up a bit, they will hold a bit better value. they are amazing street cars and touches hyper car performance with a super car price. They drive super nice as a street car and does feel like a very complete super car.

[@brandenalexander6038]

This is such a brilliant concept!

[@davisdesigns1153]

Cool imma get one in ten years

[@adrian9098]

Never seen this time stamp feature. Very cool

[@fourwheeltrader]

It's a new feature.

[@tonyzhang7680]

What do you think a fair price would be for a 2018 720s with less than 10k mileage

[@fourwheeltrader]

Difficult to say without any specifics. Check out the depreciaiton per 1000 miles graph to get a rough indication.

[@tonyzhang7680]

Fourwheel Trader - Car depreciation analysis MRSP around 340k

[@momokuldip]

What's your view on the 488 Pista values?

[@mikajo]

Please do SUV analysis. The AMG GLE coupe

[@lucek66632]

Aventador SV and F12 Please!

[@nickhe6673]

Great video! Can you do one for F12?

[@cha_eldmo_lester]

This is a brilliant video

[@fourwheeltrader]

Thanks!

[@cha_eldmo_lester]

Please do SVJ and gt2rs

[@NoahBB]

720S is great and all but when is the Miata coming? 😁

[@fourwheeltrader]

Haha, fair point.

[@yallway2262]

Jet turbos?

[@morjo02]

different target prices for coupe versus spider

[@fourwheeltrader]

There is no significant difference between the spider and the coupe.

[@MRJAYDANGEROUS]

Peoples who buy amazing machines like these and keep them off road hoping to make a quick buck or some money back And cry when it's drops Gutted must be hard 🤑😭 Cant wait untill they are as cheap as my 2006 a3 then I trade

[@fredriksvard2603]

With that logic you should buy an older sports car that has depreciated that much, but theres a reason you wont. Too outdated, too slow, too high maintenance relative to the value of the car etc.

[@anonymoussubscribed9178]

Helo bro pls can you tell me how much a 115k usd mercedes amg gt will be after 5 years ? Pls pls pls

[@davidlocoh]

40k

[@anonymoussubscribed9178]

@@davidlocoh seriously.?!?!?!

[@anonymoussubscribed9178]

@@davidlocoh how did you know?

[@tuomasholo]

McLaren is bleeding money because there is no revenue during WUFLU. They’ve furloughed 1200 employees from corporate, manufacturing and F1. I’m concerned the sitting inventory sitting unsold will need to be heavily discounted to move them.

[@ykx777]

Fantastic data driven analysis. Good video.

[@fourwheeltrader]

Thanks!

[@panacheautomotive4298]

Maintenance... no way I'm out 🤣🤣🤣🤣

[@eliudonofre6763]

Mclaren cars is the equivalent of Apple IPhone in terms of depreciation and how the business work in general

[@osamabinladen824]

No. That best describes Lamborghini.

[@eliudonofre6763]

Osama Bin Laden how does that describes Lamborghini

[@alexduii]

Honda S2000 next my friend. Thanks !

[@fourwheeltrader]

Thanks, good suggestions

[@alus1002]

Recalls and fires... Fires and recalls...

[@bruh-op6bj]

Could 720S be $100k in 10 years?

[@fourwheeltrader]

10 years is quite a long time to make a prediction

[@ykx777]

Probably not. It will likely stay above 100. But I think we may see it dip below 200k in the years to come. Maybe 5 years.

[@benjamin7114]

Not possible. It offers so much in terms of design, technology and power to reach that point. There's a reason why they on average have a lot of mileage compared to equal supercars, they're superb.

[@paulthomson9709]

@@benjamin7114 until they break down and mclaren after sales are shambolic

[@ItsThatDudeAgain]

May the HORSEPOWER be with you. That is all.

[@oliverthef1champion]

What currency is this in? USD?

[@fourwheeltrader]

This is usd indeed

[@swypit]

Who cares about depreciation if you just have the money to burn. Just saying. Its an amazing vehicle.

[@zaheerkader7426]

I want buy now ... but bank account says “in you fucking dreams “😬

[@donwarner6925]

Why is this surprising?

[@ravib3494]

The people who can afford these cars really don’t give a toss about depreciation mate.... what is the point of the video?

[@fourwheeltrader]

A large share of the people who can afford these actually do care about the depreciation.

[@realitykicksin8755]

If the fastest car on the market depreciates ... the Lambo, Ferrari and Porsche will follow. Good luck you supercar lease suckers with premium “first” downpayment

[@mephisto1025]

Every super car is taking a hit .

[@promodpromod]

this is just yet another vloggers opinion, these people have an opinion on everything based on buying nothing.

[@fourwheeltrader]

This is not an opinion, i'm showing you the data.

[@rodg011]

even if you get one for free it will bankrupt you in maintenance .they are money pitts

[@elekkr]

You can have sex with high class prostitues at all times for ¼ of the depreciation time rate of this car . I definitely would choose this first option .Especially considering if you take time off with the prostitutes you don't pay while the car depreciating at all times

[@hanig11]

If you can put 10k $ in a bucket and burn it without any problems,then you can afford the 720s maintenance.The company will be bankrupt soon

[@fourwheeltrader]

That's one way to put it 😂