Why everyone is wrong | McLaren 570S Depreciation and Buying Guide
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- เผยแพร่เมื่อ 28 ก.ย. 2024
- In this buying and depreciation guide of the McLaren 570s, I’m showing you the depreciation per year and per 1000 miles driven. Furthermore, I show what the forecasted values and fair purchasing prices are and how the depreciation numbers compare to other cars such as the Porsche GT3 and Audi R8 V10. Buying your first McLaren? This is the video to watch.
You can contact me on fourwheeltrader@gmail.com if you would like a personalized analysis.
There has been a lot of talk about McLarens and their depreciation rate; they are frequently blamed for depreciating significantly more than other cars in the same segment. Many of these accusations are, in my opinion, ungrounded. In this video, I will therefore show you what the actual depreciation rate is and how the McLaren rates compare to other cars.
The video is structured in a top-down way. That means that we first have a look at the market as a whole and some general price levels for the McLaren 570S market. After this, we will dive into the details.
Specifically, this means that the video for the 570 is split a few parts. In the first part, we will explore the market and have a look at the average price points. In the second part, we will figure out the depreciation per year and compare this depreciation curve to the one of the Porsche GT3 and Audi R8 V10. From this, it already becomes clear that the depreciation for the McLaren is in line with the market. In the third part, we will have a look at the depreciation per 1000 miles driven. The video continues by ranking the 570on the depreciation leader board. This shows us that the absolute depreciation rate is very high, but that the relative rate is in line with many the normal market dynamics.
Note that all the prices are advertised prices.
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
*Which car would you like to see analysed next?*
Fourwheel Trader - Car depreciation analysis of the Mercedes Benz G-class
Awesome analysis as ever! What about the Porsche GT3 997.1 vs 997.2? or maybe GT3 997 vs GT3 991?
Good vid as always. How about you make a video were you compare the depreciation of a specific car between the USA and Europe?
Interesting suggestion, thanks.
2012 - 2020 Bentley Continental GT: Ought to be intere$ting.
This channel is about the blow up. When you start to see it mentioned on all of the big car boards you know it's coming.
With the new 570s you really can't take the listed price as any form of guide. Typically you would expect to get £25-30k off the list price without any form of haggle. The dealers here in the UK were heavily discounting new coupes and spiders this past year that it actually made buying a new one cheaper than a used one, if you were going down a PCP route. Great video though....would love to see your view on the best buys at different price points...for £80k would a 570s or a gen 2 R8+ be a better 3 year buy overall (also factor in the crazy warranty costs).
Good points. I indeed heard about the crazy PCP deals in the UK. Interesting video suggestion also.
Here in the UK I was checking the depreciation of the 570s...this time last year you could get one here with average mileage for year (17 plate) at around £114K now you can get the same 17 plate for £85K - £94K!!...talk about depreciation, GT version fares marginally better 2017 - £106K 2019 - £92K (less on the market).
Very educational-there are so many factors. I think the model change does affect resale value of used cars like you said & that is model specific
Great information man thanks for dropping my name here in your video, wish you the best for u and your channel ✊✊
Hi. Maybe update this video. These 570S are going for 105,000 USD on Autotrader UK. No good news on McLaren....
It would require a seperate analysis of the UK market. The values don't always transfer one-to-one between car markets due to taxation differences and local market factors.
do the F12berlinetta please! ;)
Thanks for the suggestion. Are you in the market for one?
@@fourwheeltrader Yes I want to buy a non-black non-red one in the next few months. I use autotempest to find them. it seems that buying from a dealership is the best way to get the extended warranty over a private sale.
Please a video on Lamborghini Huracan.
I got quite many requests for the Huracan. The video is coming up in a few weeks.!
Nice video
Thanks! Do you happen to own a 570?
@@fourwheeltrader Yes I do
Great video! I recently bought a 2019 570S Track Pack and love it! And no I didn’t pay sticker 🍻
Congrats on the new car.
Very interesting insight. I think depreciation is a double edged sword, it sucks for pple who buy it new and is awesome for pple buy it used. In the examples of the 570s and gen2 r8 v10 listed here, they are a bargain since you dont need to wait too long to get one as the depreciation is crazy steep. A used R8 is definitely a better bargain, because the factory CPO gives 6 years warranty and there are a lot of cheap factory-level extended warranty available of up to 10 years for very little cost. A Mclaren extended warranty on the other hand would cost 4-5k a year (for comparison, a 10 year warranty on the r8 would cost around 5-6k), plus the fact there are limited dealers or even more limited independent mechanics to cut down the service costs. If the 570s would really reach the 110k mark next year, i dont think anything in existence comes as close in the performance figures and exotic looks for the same money
Thanks for the good input. I didn't look to the extended warranties, but they are indeed quite expensive for the Mclarens.
Wow...would love to see this analysis on a RR wraith. 👍🏻
I should indeed feature a RR soon.
Awesome analysis as ever! What about the Porsche GT3 997.1 vs 997.2? or maybe GT3 997 vs GT3 991?
Good suggestions.
Since I'm deciding on whether to get a 570s spider or a 600LT spider, I would love to see the depreciation analysis for the 600LT!
Not a bad place to be in :)
Both great cars. I’ve driven 600LT and own 570S
@@jameswillard1 That's awesome! What are your thoughts on which one I should get? I've only driven the 570s
Richardlizhu the 600LT was more visceral/raw and honestly I really want one, but I think the 570S for the money is the better buy since 600’s seem to be in a free fall at the moment. Power doesn’t feel that much different but engine sounds better in 600, transmission is faster, and just overall a better car. I have seen some really great deals on 570’s though and they seem to be more stable in price. Just avoid 2016 models but I’m assuming since you’re looking at 600LT’s your looking at very late model 570’s too
Oops just saw your looking at Spiders, so you’re def looking at newer 570’s since those didn’t start till 2018 model year. Forget my 2016 comment then
Really like your channel! You deserve way more subscribers man. (Are you Dutch)
Thanks. As you can probably hear from my accent, i'm Dutch indeed.
Your vidoes are very educationsl.
Can you please look in to 991.2 GT3 RS Depreciation
Could you make a video about a megane rs gen 3 (the 250 to 275 hp editions in cup spec)
I am in the market for a 570s/ GT3. I think I am sticking to a GT3. Thank you.
I recently did two videos covering the mclaren and gt3 market. Might be interesting for you to check them out.
Good videi but your graphs are strange
Awesome video! Thank you
How would these figures differ for the 570GT?
I didn't check this but my guess is that the relative rates are quite similar.
One thing you could add to your reviews that I think would be really helpful for a lot of people is a graph showing how prices for said car will more or less look like in the future, for say, the coming 5 years or so, that way people who own a 570s (or any other car you review) can see how much they would lose when and if they sell it, but also people who would like to buy that car in the future can get an idea of what to expect! I'd like to buy one of these cars in 2 or 3 years (a gt model, not an S), and would be interested to see about how much a used one would cost, from what I've gathered from this video, it seems like in 3 years, one of those cars with about 10,000 miles on it, could be around 80,000 euros, is that correct?
Thanks for the tip! I usually include an one year forecast. A five year forecast is a bit too long for these cars, in my opinion. I did some three years forecast and that I would say is about the maximum number of years.
Would love to see C63 (W204) depreciation, and/or Lotus Exige 350 / 410. Thank you, love the channel !
Very very interesting! Well done mate! As a potential buyer for the 570, this was very eye opening. I will be looking out for more content.
Mclaran 12C please
I've a idea for you sir.
How about an appreciation/investment guide, the sort of cars I and others buy....
Suggestions : 968cs, 205gti, alpine A610, 930 turbo, 355 GTB, Audi RS2, Ford GT, Mercedes SLS black, Alfa SZ, De Tomaso Panterra, CLK Black, 996.1 GT3 RS, UR Quattro, Clio V6, Fiat Dino V6, E30 M3, Golf Gti MK2, Jag E type series 1 and 1 and a half, Lancia Integrale Evo, Ford Focus Rs mk3, 911 964, 512 TR, etc etc
It takes time to build up data for this. All the suggestion are really good though, thanks!
ferrari 458
C63 amg
Great videos. It's hard to beat facts...! What about the relevance and correlation to the European market as most of your data is in USD?
Thanks. Thats a great question. For cars with a hight production volume the relative depreciation numbers are more or less the same. I should do a video about that ;)
Can you look at the 2016 M4 GTS. Only one year production and just over 800 built. Thanks.
That would not be applicable.
Love the content. Lets see a Dodge Viper analysis. Since the Gen V production stopped in 2017 they have seemed to only be climbing in value.
Thanks, I like the Viper suggestion,
I bought a demo and saved 20k but still my loss is approx 70k first year on a trade.
that's pretty much what he explained in the video, depreciation slows down after the first year. also, he shows retail prices, if you give it back in trade, you can't get retail price, proves him right I find.
Every video gets better. Excellent job again. This is extremely valuable.
Thanks! Next weekend a video is going live for which you put in a request I believe ;)
Can you do an e39 M5?
How about a look at the 675LT!
Good suggestion. This car is however so rare that it might be difficult to get some robust analytical results.
How about M6 / M6 Grancoupe?
Thanks for the suggestion