Car News: Oversteer
This Is the Cheapest McLaren on Autotrader
If there's something we can all agree on, when it comes to British cars, it's that they generally depreciate rather quickly. We know this is true for Jaguar, for Land Rover, for Rolls-Royce and for Bentley. And now we can add another quickly depreciating British automaker to the list: McLaren.
McLaren's first modern model was called the MP4-12C, and it debuted back in 2012 to great fanfare, and excitement, and jubilation, and confusion over why it was named like a DVD player. At that time, its base price was $230,000 with shipping, and that was before options. And options were plentiful.
Today, the MP4-12C is on its way to becoming affordable. This 2012 MP4-12C is currently the cheapest one listed on Autotrader, and it seems like a decent example: It has only 17,000 miles, it isn't worn out and it has a clean Carfax report. It's also offered by Dream Makers Automotive in Fort Wayne, Indiana, for just $134,900.
Yes, "just" $134,900. While that may not seem especially cheap to you, remember that the original price of $230,000 plus options is from just four years ago. In other words: the MP4-12C has lost one hundred thousand dollars in value in just four short years, and just 17,000 short miles. That's $5.89 per mile in depreciation alone.
More importantly: If the MP4-12C continues on this downward trajectory, it will soon slip under $100,000 -- and then, eventually, under $80,000, and then, eventually, who knows? One day, you might be able to buy an MP4-12C for the price of a seedless watermelon.
That would be a pretty good deal -- but even if it doesn't depreciate that much, this is still a good value. After all, the MP4-12C has 592 horsepower, it does zero to 60 in 3.2 seconds and it still looks like a brand-new model. Most importantly, it seems like a bargain compared to its closest competitor: The average asking price for a 2012 Ferrari 458 Italia on Autotrader is $225,000.
Doug DeMuro is an automotive journalist who has written for many online and magazine publications. He once owned a Nissan Cube and a Ferrari 360 Modena. At the same time.