It seems like the used car craze has finally settled down. Has anyone successfully negotiated less than asking for a used 600LT? I've been tracking all coupes available for sale across the US and seen several price drops ranging 0%-13%, this tells me on average dealers have more than 10% profit margin built in to the listed price im assuming its closer to 15-20%. I'm looking to purchase a 600LT soon but want to ensure I'm getting the best deal, would love one with a roof scoop but this seem particularly hard to come by. Any insights or advise would be appreciated!
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Negotiating Deal - Used 600LT
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MrMikeHenry
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I got mine from my dealer, but only once I had the car.
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It does if you want to put a warranty on it.
Total Auto……is that a good warranty plan? It seems like it’s either that or Car Care?
Total Auto has already given me a quote on a car that has some records of warranty work (thermostat and windshield) done. We couldn’t see any maintenance records however and Total Auto was fine with it.
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On a 2019 you should be able to get the McLaren ESC from Warrantech. Talk to your dealer about it.
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+1. I spoke to one of the service guys, he said the third party policies usually won't cover their rates and part prices. This was also the case for me with Fidelity on the VW, they replaced the transmission with a remanufactured unit, although they did give me the option to pay the difference.
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No luck for me as well for carfax. But luckily where I bought my 600 from- it was bought new at the same dealer and serviced there regularly so i got lucky. Maybe find a car that has this history? I know that will be tough as well.
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The ones that have been sitting the longest are overpriced based on current market conditions or have very little options.
For Example: This one at McLaren Boston has high miles relative to the market and low options but they wont budge much on the price. I would expect this to be $225-235K.
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That is all across the board, not just the 600LT. The same cars are for sale on AutoTrader, AutoTempest, CarGurus, etc… because people don’t want to pay what the cars are worth since they remember the pandemic pricing where you could get a clean used 720S for under $200k. Now that prices have gone back to where they should be, no one wants to pay, and are coming in with lowball offers that sellers are rejecting. Think about it, you pay $375k for a 720S. A few years later someone offers you $200k for it. Would you take it? I know most people wouldn’t, unless they fell on really hard times and just needed to liquidate.
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The flip side of that is probably also true. There are sellers trying to take advantage of the run up in value. They may not need to sell, but they will if they can get a premium price.
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Yeah, I’m sure you are right about that, especially the $200k+ above MSRP 765LT’s! But in terms of 12C/650S/570S/600LT/720S sales, the I don’t see any price gouging save for a few special MSO/HS editions.
Having been keeping track of coupes on AT for the past half a year or so. Since about 5 weeks ago, 17 coupes have sold and are no longer listed on AT. There are a few that have moved between dealerships but are still listed. For the sold ones, there is no correlation between mileage as there is a spread of higher mileage (19km) and lower mileage (2km) that sell, eyeball test is about 8 to 10km average mileage. The ones with roof scoops or more carbon fiber options sell faster. Some of the ones that have been sitting (more than 6 months) were initially priced really high and have very slowly come down in price, seller probably not budging. Guessing some of the ones that are sitting may also be storied. For coupes, the inventory fluctuates from about low 30 number of listed cars to mid 40s, with more on the market now than 6 months ago. Are you in the market for one ?
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What they are "worth" is what people are willing to pay. The issue is that buyers no longer want to pay the absurdly inflated COVID prices, which means they are no longer "worth" what they were 8 months ago, and sellers are desperately trying to cling to those peaked prices. Sellers are eventually going to have to come to terms with the fact that cars are now starting to become depreciating assets again. Also, 720s are already trading in the $200-220k range wholesale.
you're the guy with all the “friends”, right ?
people on these forums make so many statements that they have very little experience with ..
how many buyers do you know ?
How many sellers do you know ?
Do you have data on which cars are on consignment vs dealers owning the cars ?
Do you have data on how much $$$ those dealers have in on the cars they are trying to sell ?
Do you know the other side to the transaction ? (The trade in’s?)
Do you know how much the cars actually sold for ?
cars at the supercar space take time to sell (good times and bad times )…
the only useful type dialogue about how much to buy a car for is new cars and someone informing others that manufactures have given trade in incentives or assistance in proving g $$$ to dealers to sell cars …
on used side ; what one dealer is listing /selling cars is irrelevant to what another dealer will do .
Had a discussion with sellers about when overpaying buyer population would be "satisfied" as a cross-section between inflated wealth and popularity of certain cars. 600LT is underappreciated and will be an early slowdown.
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