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post #1 of 41 Unread 04-02-2019, 03:58 AM Thread Starter
 
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Honest question

I want to go look at a car with just over 1,000 miles and a MSRP of around $380K. Is it worth more then $300K?

I was told that I SHOULD get a spot for a Pista and if I truly do it will be the end of the year before it gets here. I would love to have a 720, but don't want to take a huge hit to scratch an itch.

At $295K or less I'm in on the car (as long as it's in great shape and checks out), but don't want to waste my time or the dealerships time if that's not a reasonable price range.

Open to comments.

Thanks
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post #2 of 41 Unread 04-02-2019, 05:41 AM
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I had a spot for a Pista and passed on it. The 720s is all the performance of the Pista. If you haven't spent time in a 720s then you are for sure missing something from the 'itch' perspective. It is absolutely wonderful and is a joy to drive - hyper speed, great handling, and phenomenal brakes.

If you can buy that 1000 mile 380k msrp for 309-319k buy it. If the dealer owns it then they probably gave 290k on trade. If you expect below 300k then you need to find a 325-350k msrp car where they paid only 270k on trade. My local dealer only takes cars on consignment so in the end the decision will actually come down to the consignee.

The other thing I might suggest is buy a 720s, use it and love it, and then the new itch would be an F8 which is $100k less than a Pista and very similar performance. The Pista interior is just dated whereas the F8 has been nicely updated, similar to the 812.

My $.02.

Phil

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post #3 of 41 Unread 04-02-2019, 12:16 PM
 
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Quote:
Originally Posted by Bendrover View Post
I want to go look at a car with just over 1,000 miles and a MSRP of around $380K. Is it worth more then $300K?

I was told that I SHOULD get a spot for a Pista and if I truly do it will be the end of the year before it gets here. I would love to have a 720, but don't want to take a huge hit to scratch an itch.

At $295K or less I'm in on the car (as long as it's in great shape and checks out), but don't want to waste my time or the dealerships time if that's not a reasonable price range.

Open to comments.

Thanks
I just picked up a 2019 with 1K miles for 310. I could have saved a little $, but is was the exact color with MSO stitching interior that I wanted.

Call the dealers and negotiate. You should be able to find a few 2018 cars that meet your mileage/MSRP/price criteria depending on what your "must have list" is. If you're looking at $380K MSRP cars, you'll have about every carbon bit and/or top $ MSO paint/interior on the car. If you're looking at 2019s, you'll probably find more cars with 1k miles for sale, but fewer will be $380 MSRP and probably end up paying a bit more (This is what I recall from my search over the last couple months). There may be others recent buyers out there that have hard numbers on all of this.

I considered the 488 spyder, but after driving it I decided to go with the 720. I never drove or considered the Pista. Interesting thought about the F8 though. I hope I get the chance to drive one of these once they're on the road.

Last edited by xxlnevermiss; 04-02-2019 at 12:54 PM.
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post #4 of 41 Unread 04-02-2019, 02:22 PM
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In dealing with exotics, the price is driven by the options and uniqueness of the car as well as condition. In the Ford GT world, a base car will demand more money than a 4 optioned car due to the rareness of the low option car. Usually, as I did people ordered "every option" when asked how do you want it. The color, equipment, condition, and history drives the price. Used exotics are more like art than cars. People will pay for the right piece without worry about the price up to a point. My .02 cents.


Mike
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post #5 of 41 Unread 04-02-2019, 04:15 PM
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www.cars.com

Also call your local dealer--they don't post all cars on sale sites. You can definitely get a 2019 for less than 300.

Don't get 'Bendrover'd

Enjoy the hunt.
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post #6 of 41 Unread 04-02-2019, 10:05 PM
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I recently got a 1200-mile $350K sticker, late-2018 VIN, June warranty punch, for well under $300K. Car was perfect. Full clearbra, also.



As stated, call and negotiate. Especially right now when there's some incentive money out there on brand-new 720 sales. Brings the whole market down.
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post #7 of 41 Unread 04-03-2019, 01:27 AM
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$260k for this one?

https://www.ebay.com/itm/2018-McLare...61d4%7Ciid%3A1

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post #8 of 41 Unread 04-03-2019, 01:45 AM Thread Starter
 
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Thanks guys, I talked with the dealership today and they are going to check with the consignee and get back to me. If it can be bought for under $300K I will make the trip to check it out.

I personally think the 720 is a bad ass car and has all the curves in the right places, BUT the hit one takes on a new one is just to much to ask the customer to take (in my opinion). The Pista is going to be around $430K, but I should be able to keep it 3-5 years and my down side should be -$50-$100K? In the long run it's just a better buy (again in my opinion). And for me they both are sexy cars and just about even in my book.

Hopefully I will get good news to make the trip to check out the car.

Thanks again for the responses.
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post #9 of 41 Unread 04-03-2019, 01:45 AM Thread Starter
 
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That does look like a good buy.


Quote:
Originally Posted by fiksegts View Post
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post #10 of 41 Unread 04-03-2019, 01:57 AM
 
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The blue car looks to be the free blue and it happens to be a maclaren fleet car. Thought you would want to know
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post #11 of 41 Unread 04-03-2019, 02:18 PM
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Originally Posted by 12c720 View Post
The blue car looks to be the free blue and it happens to be a maclaren fleet car. Thought you would want to know
Are fleet cars usually less expensive due to use and abuse?
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post #12 of 41 Unread 04-03-2019, 02:45 PM
 
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The market sure signals that they do!
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post #13 of 41 Unread 04-03-2019, 02:57 PM
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Quote:
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Are fleet cars usually less expensive due to use and abuse?
$260K seems like a good price until you think what you paid for:
- $10K for additional use and abuse on fleet car (dunno if this was ex McLaren Pure, which would mean CCB's are likely very worn)
-$2K one extra service
-$5K one extra year warranty (which is now extended and doesnt cover trim items)
-$5K Mileage - 5K Thats a lot for one year
-$20K difference in premium for one model year between 18 and 19.

Thats about $40K of value that you can add back into the price which brings you right back to $300K. Personally I would rather have a $280-290K 2018 with lower mileage that was well cared for or just pay another $20K and get new.

For the OP, practically speaking $290-300K for a high option car seems to be fair market - maybe even slightly below market. Negotiate hard and you might get a bit more off, but its fair to guess that all these dealers paid $15-20K less than asking. They are going to expect to make SOME profit. Its possible that this dealer stole this car and has more margin, but thats where you can try to negotiate. The question is what did they pay?
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Last edited by SmokinV10; 04-03-2019 at 03:05 PM.
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post #14 of 41 Unread 04-03-2019, 04:23 PM
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Quote:
Originally Posted by Bendrover View Post
The Pista is going to be around $430K, but I should be able to keep it 3-5 years and my down side should be -$50-$100K? In the long run it's just a better buy (again in my opinion). And for me they both are sexy cars and just about even in my book.
As a limited edition model the Pista will in all likelihood have appreciation/depreciation similar to the Speciale but only time will tell.

For McLaren, the limited edition models are similar although, for now, reserved to the higher end range e.g., F1, P!, Senna, and Longtail.

As McLaren builds their brand they too will strive to bring price equivalent models (e.g, 675LT) below the high range such that those will also be limited editions and more likely to have appreciation/depreciation similar to the Speciale and Pista.

One key observation regarding the brands, it has always appeared to me that any significant miles on a Ferrari dramatically impacts re-sale. With McLaren, that is also somewhat true, but more often than not, McLarens get driven and enjoyed with way less regard for miles. By example, I would offer that only 3-4 out of 10 Pista owners will track their cars. For 600LT and future LT variants I would estimate that to be 5-6 owners if not more.

Phil

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post #15 of 41 Unread 04-03-2019, 09:00 PM
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Quote:
Originally Posted by 720sforme View Post
As a limited edition model the Pista will in all likelihood have appreciation/depreciation similar to the Speciale but only time will tell.
.
Pista is not Limited Edition--it's Limited Production. There is not a 1 of 500--Ferrari will make as many as they can, and second allocations are hitting now.
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