Photo: McLaren
You know how some people say that it’s not worth getting a new car because of its depreciation? Well, they’re right most of the time but in some rare cases the value of a car actually goes up after buying it, no matter if it has been previously owned. Especially in the case of very rare automobiles, this has to be true.
It’s the same with the McLaren P1, the hypercar from the UK that has (had) a starting price of £866,000 or $1.2 million in the US. With such a high value to pay from the get-go, you’d think that the people buying one have gone mad but the truth of the matter is, it’s actually an investment.
According to UK vehicle specialist Magnitude Finance, the McLaren P1’s value can only go up over time, without the smallest trace of depreciation. As a matter of fact, some cars have seemingly been sold for up to half a million more than when new, on the second-hand market.
“It’s quite staggering to think the P1’s value will only ever appreciate. Even recent hypercars like the Ferrari Enzo dipped below list price at certain points before bouncing back into positive equity. We don’t expect this ever to be the case with the P1, evidence of which can be seen by our clients refusing an overnight £400,000 profit,” said Tim Marlow, Director of Magnitude Finance.
As things stand right now, the P1 will follow in the footsteps of its predecessor, the legendary F1 that is now being sold for incredible price tags, in the millions.
What explains such a behavior of the market? A couple of reasons actually. First of all, the P1 is one of the original hybrid hypercars out there alongside the Ferrari LaFerrari and Porsche 918 Spyder, and that’s an exclusive club all in itself.
We could also count the staggering performance it offers. Due to a turbo 3.8-liter V8 and an electric motor the car has 916 HP at its disposal along with 900 Nm (664 lb-ft) of torque, more than enough for a car that weighs as much as an older 3 Series: 1,395 kg (3,075 lbs). Thanks to these figures, it will reach 100 km/h (62 mph) in 2.5 seconds and go up to a top speed of 350 km/h (217 mph).
If those numbers aren’t enough, think about the exclusivity of owning one as only 375 units were ever made. Yes, the predictions made by experts seem completely valid: the McLaren P1 is a good investment to make.
According to UK vehicle specialist Magnitude Finance, the McLaren P1’s value can only go up over time, without the smallest trace of depreciation. As a matter of fact, some cars have seemingly been sold for up to half a million more than when new, on the second-hand market.
“It’s quite staggering to think the P1’s value will only ever appreciate. Even recent hypercars like the Ferrari Enzo dipped below list price at certain points before bouncing back into positive equity. We don’t expect this ever to be the case with the P1, evidence of which can be seen by our clients refusing an overnight £400,000 profit,” said Tim Marlow, Director of Magnitude Finance.
As things stand right now, the P1 will follow in the footsteps of its predecessor, the legendary F1 that is now being sold for incredible price tags, in the millions.
What explains such a behavior of the market? A couple of reasons actually. First of all, the P1 is one of the original hybrid hypercars out there alongside the Ferrari LaFerrari and Porsche 918 Spyder, and that’s an exclusive club all in itself.
We could also count the staggering performance it offers. Due to a turbo 3.8-liter V8 and an electric motor the car has 916 HP at its disposal along with 900 Nm (664 lb-ft) of torque, more than enough for a car that weighs as much as an older 3 Series: 1,395 kg (3,075 lbs). Thanks to these figures, it will reach 100 km/h (62 mph) in 2.5 seconds and go up to a top speed of 350 km/h (217 mph).
If those numbers aren’t enough, think about the exclusivity of owning one as only 375 units were ever made. Yes, the predictions made by experts seem completely valid: the McLaren P1 is a good investment to make.
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