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Current 720S transaction pricing?

Discussion in 'Super Series (MP4-12C, 650S, 675LT, and 720S)' started by Thecadster, Oct 8, 2018.

  1. Thecadster

    Thecadster Rookie
    Premium Subscribed

    Apr 27, 2017
    14
    So it appears that the resale market is now flush with nice 720S options. Most are priced $30-40,000+ less than original MSRP. My question is, what are the actual transaction amounts? At some point, these cars will transition from the currently undeniable value to an absolute no brainer need to add one to the fleet value.
     
  2. JAM1

    JAM1 Rookie
    Premium Subscribed

    Oct 22, 2004
    3
    FL, NY, and MA
    Full Name:
    Joe
    My dealer contact tells me they’ve sold some resale 720s, mainly guys who bought early launch cars and are trading out for the convertible or a 600lt, and none have sold for under $300k regardless of sticker. They’re also trading wholesale for $295k as a base car a couple weeks ago at Manheim to $320k for a $345k sticker car.
     
  3. SoCal to az

    SoCal to az Formula Junior
    Owner Subscribed

    Nov 25, 2012
    444
    Arizona
    Im in the market for one and have been actively working to get the right spec. The high option ones with a bunch of carbon and msrp of 375-400k are the ones that are tanking. These all have high cost carbon and you never get that back on resale.

    The sweet spot for a 720 seems to be in the 330-340k msrp. This has all the reasonable options one would want and these are trading in the 320-325k range from what I can tell.

    There are a couple out there for under 300 but these seem to be low spec cars with a lot of miles.

    All in all, it seems that the 720 is faring much better than its predecessors.
     
  4. technom3

    technom3 Rookie

    Mar 29, 2007
    0
    Phoenix AZ
    Full Name:
    Justin
    Thats because the 730s or 750 s or whatever hasn't come out yet. Don't worry... im sure mclaren will muck it up. LOL I say this all joking... I just don't trust it. The moment the sales dip the next face lift and 20hp is right around the corner
     
  5. SoCal to az

    SoCal to az Formula Junior
    Owner Subscribed

    Nov 25, 2012
    444
    Arizona
    Yup. No different than any other brand. Have you seen resale values for 488?
     
  6. technom3

    technom3 Rookie

    Mar 29, 2007
    0
    Phoenix AZ
    Full Name:
    Justin
    Well thats not QUITE the same...

    488 values dumped before the next model has even been spoken about! LOL.

    Ferrari is just in a rough patch on cars... they really are. The game has changed... and they didn't.
     
    Gh21631, SoCal to az and Jo Sta7 like this.
  7. bobbyd

    bobbyd Rookie

    Nov 17, 2003
    2
    From what I see the 720S has started on it's inexorable depreciation. Seems like retail is about $300K or so for low mileage carrs. As a data point Miller Motorcars in Connecticut has a 3K mile 2019 asking $319K or about $25K off sticker. 2018's a little less.

    Remember the car has only been on the ground in the US maybe 18 months so it takes a little time for prices to slide - butt that's now started and will move progressively lower IMO.

    Also 720 track pack recently announced followed by an LT version next year etc. - you get the picture......
     
  8. IPO1

    IPO1 1st Subscribed User
    Owner Subscribed

    Dec 23, 2015
    336
    I toyed between 720 and Performante so talked to a lot of dealers recently and saw a lot of deals. I ordered Performante instead.

    Was offered 10% off an order 720s. Don't waste time with West Coast dealers. East coast is your friend (and if you can wait two months you will see some incredible deals come December). I think you could steal one from desperate dealer for $280'ish...snow and exotic cars make for best deals :)

    Used all depends on original MSRP. Have seen $370 cars go for $305. $330 cars are right about the $300 range. Those are retail numbers. Wholesale you are seeing $280's. Friend in Houston has $355 sticker one he cannot wait to dump and was offered between $270-$280.

    San Fran has a 4k mile nice spec/rims for $289 (they will take $275 if you sweet talk them).

    Deals are a plenty--let you fingers to the dialing and talk to right people.

    Good luck with hunt--it's a fast car.
     
  9. Bendrover

    Bendrover Rookie

    Dec 18, 2005
    0
    Tulsa, OK
    Any information on your friends car that cannot wait to dump?
     
  10. IPO1

    IPO1 1st Subscribed User
    Owner Subscribed

    Dec 23, 2015
    336
    He dumped it two weeks ago on trade for Performante--I was VERY tempted on it but was white. Dealer didn't even want to take it, and his offer was insane. He wholesaled it out.

    Funny thing I have Performante on order, but damn SoCal's thread has me wanting to scratch Mac itch...
     
    SoCal to az likes this.
  11. noone1

    noone1 Karting

    Jan 21, 2008
    203
    Los Angeles
    Full Name:
    Mike
    The best thing to do is just find a car you like and make an offer you want to pay. Worst case they will just say no. Don't be afraid to insult a dealer -- it can't be done.
     

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