RLPOCP? (Ridiculously Low Price) McLaren MP4-12C

"Mosqvich" (mosqvich)
03/31/2015 at 09:49 • Filed to: McLaren, ebay

This 2012 McLaren MP4-12C originally stickered at $273, 765. It has 24k miles. So how much for this "super car" (as some might call it)? $140k. Still not exactly cheap, right? It is available on eBay and the current bid is at $88k. Are we seeing the original "mass market" McLaren crater in value? If this car sells for $140k, it will have lost around $134k in value in 3 years. Did I mention it has 24k miles on it?

!!! UNKNOWN CONTENT TYPE !!!

DISCUSSION (22)

Aaron Paul: Oppo's Resident Fake British Actor > Mosqvich
03/31/2015 at 09:54

That's crazy.

RiceOwl > Mosqvich
03/31/2015 at 09:58

While $134k is certainly a lot of money, it's about 50% of the original price, which sounds about right to me.

The initial depreciation rate (as a percentage and a raw number) increases with increasing original MSRP of the vehicle. Take a look at prices for 3 year old Golfs, E-Classes, and 458s with similar mileage, and I think you'll see a trend.

E. Julius > Mosqvich
03/31/2015 at 09:58

Maybe it has something to do with all the other models they've brought out since then? It seemed like pretty much everybody stopped caring/writing about the 12C after the P1, 650s, etc. came out. Then again, I'm not in the market for one of these cars and don't know anybody who is, so I can't really speak about what's going in the mind of a potential buyer.

macanamera > Mosqvich
03/31/2015 at 09:58

I do believe 12Cs are known for massive depreciation.

Officer Jim Lahey is not a real cop > Mosqvich
03/31/2015 at 09:59

Next stop Carmax!

(Hey, a guy can dream, right?)

Mosqvich > E. Julius
03/31/2015 at 10:01

I think everything you're saying is spot-on. It's a sort-of orphan now isn't it? I actually would consider one if it hit this low of a price. The question for me would be the actual cost of ownership. It's not a great deal if it has exorbitant maintenance costs.

MattTech > Mosqvich
03/31/2015 at 10:01

This dealer is right by my house, maybe I should stop by...

Mosqvich > MattTech
03/31/2015 at 10:02

Offer them $90k!!

MattTech > Mosqvich
03/31/2015 at 10:04

I know someone that is in the market for a $90k ish car.... If they would take $50K off of their asking price I'm sure he would buy it. Maybe they would give him a deal since two of his current cars are from this dealer.

Mosqvich > MattTech
03/31/2015 at 10:05

There is nowhere for the price to go except for down. It'll be 20 or more years before these cars begin to appreciate. It wasn't all that long ago that an air cooled 911 was dirt cheap.

MattTech > Mosqvich
03/31/2015 at 10:07

I cannot believe that these are that cheap, It will be another several years before the 458 will drop this low. It must just be the name McLaren that makes them less valuable on the second hand market.

B_dol > MattTech
03/31/2015 at 10:10

The 458 will not get that low anytime soon my friend. Last of Ferrari's naturally aspirated V8... yeah don't think depreciation will hit.

MattTech > B_dol
03/31/2015 at 10:12

This one obviously has a lot of miles but it is getting close: http://www.cars.com/vehicledetail/…

I have no doubt that the 458 will drop in price for another few years, the price will rebound because it will be the last naturally aspirated V8 but I think it has to go down before it can go up.

B_dol > MattTech
03/31/2015 at 10:14

Perhaps, props to whomever put 60K miles on one! Likely a rental outfit like Gotham Dream Cars...and then its a risky buy.

davesaddiction @ opposite-lock.com > Mosqvich
03/31/2015 at 10:18

McLaren HOSED their early-adopter clients with this car (and its rapid replacement).

JawzX2, Boost Addict. 1.6t, 2.7tt, 4.2t > Officer Jim Lahey is not a real cop
03/31/2015 at 10:40

I'm right there with you man.

rb1971 ARGQF+CayenneTurbo+E9+328GTS+R90S > B_dol
03/31/2015 at 10:58

My friend who sells F-cars thinks the 458 will go like the 550 in that it will go down to about $75k before coming back up to about $100. Then it will be years before the last NA V8 price bump happens. (If he's right I'll buy one whenever it gets below $85k.)