720 values had already dropped before the 750. It's not about a newer version of the car being on the market, it's about numbers. I see more 720s than I do 570s, I don't know how many they made, but it was a lot. There are some exceptional years, when production was lower prior to the 750, but there's still a lot of choice in the market. Over time, there are fewer and fewer unmodified 765s with low mileage. If you want to preserve the value, you need to keep it in the garage, but even with some mileage I don't see them depreciating like the 720 any time soon.

 

Looks like between 4,000 to 5,000 720S were made, and of course there are only 765 of the LTs.

 

Not sure where any confusion is? It is a limited, numbered car that is at the top of the performance world. Most every limited, numbered car from any brand holds their value. Numbered cars always do better holding value that regular production cars.

The cars are almost 5 years old now and their value is what their value is. The market went crazy during COVID and settled down from there. I'd anticipate that they will remain at this value and slightly increase as the years go on. There aren't many on the market and most owners are never selling theirs.

Take a look at the Ferrari numbered world to get an idea of what to expect as time goes on. I'm still kicking myself for not buying a Challenge Stradale when the price got to just above MSRP. My dealer tried to tell me to jump on it, hold it for a few years and see what it does. Boy was he right.

 

765 is extremely undervalued. It makes no sense. Should be $650k min for a coupe.

 

Completely agree. You can't find a better supercar for under $1M IMO.

 

So should I prioritize moving into a 765LT asap or do you think I can survive waiting for a bit (1 year or less?)

 

Someone would need a crystal ball to give you that info. Might as well see if they know what the market will do or what the lottery numbers are.

Not trying to be an ass, but these are very volatile times and the market is changing daily. With that said I would wildy speculate that the price would be +/- 25k in the next 12 months. I highly doubt it will be 50-100k more in 12 months. Besides if your close to being ready to jump in, keep a close eye on pricing and if they start to move up pull the trigger fast. Other than COVID which was a once in a lifetime anomaly, pricing moves slowly.

 

I would say like any other car, keep your eyes open for a spec that you like. If you find something close and it seems fairly priced, based on current market conditions, go for it. Who knows what next year brings?

 

Thanks, everyone. That's fair - I realize this is speculative and I'm not looking for unrealistic insights. I noticed the "confusion" comment - I'm not confused, but there's certainly not a broad agreement on this topic so I wouldn't be quick to assume 765LTs will keep moving up. I don't seem to get a consensus on this subject from McLaren owners and from folks I respect who move smartly in the exotic car world. Some think the 765LT market will remain static or go up, some think it will go down. I would assume if McLaren stacked a new LT model (an "800LT" for example) even in limited numbers, that it might affect the 765LT market as some owners will want to trade up. This concept is almost always true in this space, not just for McLarens.

I'm not in a position to own both my 720S and a 765LT at the same time (well, at least not while also keeping my six other cars... well, I guess I technically could but I've got money doing good work for me right now and I want it to stay where it is... etc.) so I'd need to private sale the 720S prior to moving quickly on a 765LT anyway. I think I'll probably just wait. I can afford a small spike in price (+$25k next year for example) if it happens...

 

Good luck and just keep a watchful eye on pricing. For the record, I've guessed wrong on future car pricing about 90% of the time. Got rid of some too soon and held on to others too long. At this point I write it off as the price for admission for jumping in/out of cars. Also a good reason why I let others manage my money. 😁

 

If you find a spec you like you should buy it unless the price is way out of whack. We are selling one for it's original MSRP with 4K miles with CPO. But I still see some $20-$40K over which depending on the spec can still be a fair deal. $100K over? Maybe not right now. But if you have the means and the spec you find is "The One" then be prepared to step up to act quick on it or someone else gets it. I've seen people overpay for high spec cars and pay less for similar cars over one or two options or color.

 

Good you’re looking at getting into a 765 but I don’t think looking at future LT values when you are looking at purchasing is a great plan.

As already mentioned above they are limited and unless McLaren decide on launching an MSO HS version as they did with the 675, you will be very unlikely to see this type of car again.

They may launch an Artura LT and potentially in time an LT in the Super Series replacement but this could more than 5 years away.

I have a coupe but just before Xmas a huge MSO spec spider came up at £350,000, I could have bought it but then in typical fashion I buggared about and someone else did, still irks me.

If you see the right spec and there won’t be many of them, get it purchased if you can and enjoy it for what they are which is the best Supercar ever with Hypercar performance

 

I agree with the OP's feelings on the 765. I had a 2022 720S spider and really enjoyed it so now I've decided I want a 765LT spider. The coupes seem to have come down in value more than the spiders. I think all of the spiders advertised in the US (which is only around 20 give or take) are MSRP+ but not the MSRP+$50k-$100k they have been. Friends of mine in the exotic car business tell me the air will come out of these during this year - their view is at least a $50k drop. I'm not sure I see that happening but what I do see, at least for the spiders, is that dealers are sitting on these cars for a long time without any price reduction. I too want to jump on the 765LT ownership bandwagon but have a few other toys I need to clear out to make room ($ and space). Good luck!

 

Some real world metrics for you.

I traded in my 485k MSO 765 LT spider to the dealer for 520k. They sold that car about 6 weeks later for 560k. The car had 4k miles.
I purchased a fully exposed 765 LT carbon coupe with a roof scoop (only one of 5 in the world and one in the US) from a private party with about 7500 miles for slightly below MSRP which was over 600k.

The LT market is strong and the cars are holding value. Whether they go up from here or down, I dont know and I dont care. The car is the best driving car out there and I would highly recommend you get one if you can. Ive owned a 720 and it's a great car. 765 is better. It's better than a 720. It's better than a 750. Having owned all 3, its the only car Ive ever sold and rebought (spider to a coupe)

Coupes are more reasonable buy as spiders are at or above MSRP - but dont fret getting a well sorted car. They are epic.

 

Random question on the 765LTs, how does mileage alter their pricing? I feel like most people who own these say they drive so great yet they have so few miles on them. If I were to ever position myself into one I feel within a year or two I'd have the high mileage example! 😂

 

The ones I've looked at follow a similar pattern to the 600LT. Single digit mileage adds about 15%, low double digits not far behind, but anything over mid-teens drops, and into the twenties you're at least 10% below the average (not that I've seen any 765s quite that high yet).

 

Low mileage LTs, the owners should be sent to prison!

 

Is that directed towards me.

 

As a 765lt owner and a qeek I watch prices pretty close. Spiders were running 100k over up until the last 6 months give or take. I think currently 50k ish over give or take. Coupes stay pretty close to msrp again give or take. From my perspective it really depends on the spec. I have seen some coupes under msrp but were a week spec or 15 or 20k miles.
As Michael mentioned, if you find a spec you like buy it. I definitely don't see a 50k drop, what would cause that? Only 765 of them world wide. This car will stay pretty solid over the long term. Also more than likely anything coming in the future will probably be hybrid. The other tidbit is a surprisingly amount have been totaled which just helps value.

 

what's there to see? the 765 is 3 years old, and still doing over msrp. Don't look for a price drop...

 

I love all these posts saying "only 765 made" and I think of my poor little Lotus of which for the US only 26 were made and only 8 of those black like mine...

But then I remember that if Lotus could have sold more of them, they would have made more of them. Limited by demand, not supply! Slight difference

 

let not compare a MC to a lotus. lol

 

Shoot the most undervalued car in the world is a 720. I have no idea how a 720 can be bought for $170-220k right now. Blows my freaking mind. For what those cars offer as an overall package, they are well worth $300k+. Someone explain how a 992 GT3 trades for more $$ than a 720. That makes ZERO sense at all!! The 720 is in a different galaxy than a GT3.

 

It has zero to do with technical competence of the car, and everything to do with building a brand and a following. Porsche (and Ferrari) are experts, McLaren are not (not surprisingly considering they are so early in their life building road cars).

 

I have an Exige Cup 430 weighing a tonne and pushing out 475hp and regularly tracked it and my 720s together.

Completely different power delivery etc but not huge differences in lap times at Silverstone mainly due to the higher cornering speed of the Lotus.

My 765LT however is a different proposition as it can match the Lotus in the slow corners and is plain faster everywhere else.

But from an enjoyment factor the Lotus is hard to beat

 

Looks like I derailed this post a bit Sorry! Was just trying to make a funny observation. Wasn't trying to compare the two on a car level, they're obviously in different price brackets. But since others decided to, I'll say that I've got some seat time in a 750, a bunch in my Artura, and that when all is said and done if I had one last drive around the lake here before I died, it'd definitely be in my Exige. But that's obviously just my choice and not anyone else's.

 

Yet you just admitted selling a 765 for a 750, as did others, but according to you without affecting the market. 🙄

 

I was paid 45k over msrp on the trade in and the dealer sold my car for 80k over msrp. What is the point you are trying to make exactly?

 

The 765LT trades in a different orbit to the non LT Super Series, and the disparity will only get greater and greater.

it’s no different to Porsche and the RS cars vs every other 911. Let’s pretend a 993 (actually they can’t call it that, it’s already been taken ) generation Turbo S is released right now, it would never be a comparable model to the 992 GT3RS and would have no direct impact on its desirability or value. The RS may decline because of other market factors, but not because of the introduction of a new Turbo. Same principle for the 765LT. It will always be the “special” model.

 

You are correct as is @Trevor90 and @zman - The 750 has had and will have zero effect on the pricing of the 765. There are just some on this website who like to argue for no reason. The 765 values remain strong and spiders are trading well above msrp and the coupes are at msrp. Not to shabby for what is now a 5 year old car.

There are 30 765 LTs for sale on Autotrader.
There are over 115 750s for sale on Autotrader.

The 750 is a very nice and capable car but it has already depreciated significantly from MSRP. That depreciation has zero impact on what the 765 pricing will do in the future.

 

ALL supercars drop is a false statement as there will always be exceptions like the p1. Based on how the 765lt has held up for its first 5 years it looks pretty promising

 

Not too many cars 5 years after introduction are still selling for around msrp.

 

At the risk of overextending the welcome of this thread, I'm contemplating a high spec 2022 765LT Spider. (funny how I can't seem to stay away from the spiders even though I'm not a convertible guy)

It's a $568k MSRP with an extremely unique paint scheme. Can't say if it would have universal appeal, but I like it, and it's not pink or purple which I'd never do. Under 9k miles. Has some upgrades to include custom 21/20 wheels, carbon fiber hood, a few other nice things. It's pretty much the highest spec 765LT I've seen - currently off market.

I inspected/drove the car last night. Despite pining for a roof scoop, I have to admit this car is special. It's mint. Has factory warranty through December of this year, too.

Guy is asking $565k. My budget was $500k so this is a bit of a stretch, but... thoughts? Goal would be to hold, drive, exit in the future (4+ years) hopefully in the plus range or maybe just a small loss. I'm a residual value guy.

Comments appreciated.

 

Maybe it's just me, but when people start throwing aftermarket stuff on these cars, if anything, it devalues them for me. If it has the original wheels, that's not a big deal, but the aftermarket hood and any other mods would be a red flag. Has it been tuned or anything?

 

And back to the original point of the thread. If Trump enacts an additional 25% tariffs on cars, I would think that would have an effect on the foreign used car market as well. At the very least it should make 765LT values stable, if not even potentially increase them.

 

The 765LT/S is like a unique bespoke watch brand. Aficionado's know it but the general public etc dont. Now as McLaren (so far) are looking great in F1 and the merch is moving like crazy this may bring new people to the brand. All this is interesting but IMO 765LT/S stands alone as a unicorn and wont be repeatable anytime soon.

 

Thanks everyone.

I passed on the "extremely unique" Spider. At $565k with a lot of mods, it was a very cool car and I really liked the color, personally (MSO urban satin green) but I could see it being an uphill battle for other buyers as it had a matte appearance. It also had a light tune and a bunch of other mods to include ride height on Novitecs but somehow was still under factory warranty. Not sure if that would have held up.

I'm not huge on the Spider, but more importantly it really wasn't fitting my budget. Could I stretch to $565... maybe... did I really want to... no.

What's this comment about the roof scoop not being functional? I thought it was, on the 765LT?

 

Iirc, on the 765 the scoop vents into the engine bay. It's always struck me as odd.