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McLaren F1 for sale – the best one in the world?
The McLaren F1 - NOT the 'New' car for sale - we're not allowed to show that picture!
As we’ve said before, the McLaren F1 has proved to be not only an incredible car, but a very sound investment. From a selling price of around £600k when they were launched in 1995, you can expect to pay somewhere north of £2 million for one now, and a fair bit more for an exceptional one.
But with only 64 road cars made (plus the handful of LM models – which would set you back considerably more), and the ability to stand shoulder to shoulder with the modern ‘Best Car in the World’ title holder – the Bugatti Veyron – it should be no surprise that they fetch such high prices. And if any more McLaren F1s set on fire, as we reported recently, the ones left will all go up in value!
The benchmark for prices on the McLaren F1 was set in November last year when RM Auctions sold McLaren’s own Park Lane Showroom car for $4.5 million. But that car was exceptional. It had sat in the Park Lane Showroom for years, and was finally sold by McLaren after the showroom was closed. So it was in many ways the last ‘new’ McLaren F1.
But we’ve discovered a car the equivalent of that F1 for sale. It has had just one cosseting owner from new, and has only done 200 miles since it left the factory. Stored in a private collection it has been meticulously maintained and is, to all intents and purposes, another ‘New’ McLaren F1. It even has all the goodies that came with the McLaren F1 originally – which includes things like a bespoke Falcon Tool Chest and a bespoke Tag Heuer Watch – some of which are still in their original bubble-wrap.
I find it astonishing that someone could own such a wonderful car and never drive it. But I suppose for some it’s about the owning, not the enjoying. And this particular owner does have a pretty remarkable collection of cars. Why is he selling his F1? No idea, but I suppose the current economic climate may have something to do with it.
I suppose the question everyone wants answered is ‘How Much?’. We’re not allowed to say, but we can say it’s not as much as the Park Lane car went for, but it’s a chunk more than the starting price for a well used one.
Time to raid the piggy-bank?!
sean oconnor on Sat, 24th Oct 2009 3:42 pm
I can’t afford the Mclaren f1 but I do own the perfect reg for 1t….F1 6OSS any takers?
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darren jones on Sun, 25th Oct 2009 10:23 pm
TO SEAN OCONNOR EMAIL ME TO TALK ABOUT THE REG PLAT. EMAIL dazza7683@yahoo.com. look forward to hearing from you.
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Danny on Thu, 18th Feb 2010 4:28 am
A lot of people seem to think McLarens go for £2million + I dont know why that myth gets repeated so often but F1s go for pretty much what they sold for originally between ‘94 -’98 ie £633k, they’ve risen slightly in value and values can vary a little bit depending on where in the world the car is located and what currency its being sold in. Oh and all McLarens ARE exceptional in condition, everyone Ive ever seen for sale is maintained regardless of cost, theres no such thing as a ragged F1 and unless theres some sort of world war there never will be. Thanks
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CarsUK Reply:
February 18th, 2010 at 1:26 pm
Sorry, Danny, but that’s incorrect. Over £2M is an exception but we know of two F1s that have sold for that (one publicly, auctioned by RM in November 2008, and one privately). The going rate for a good one is around $2.5-$2.75M, which equates to around £1.6-£1.75M, and an exceptional one – such as the one in this article – will make upwards of $3.5M. And there are ‘less than perfect’ cars around. Many have not been serviced much (McLaren wants it done every 9 months – and it’s expensive), a fair number have had accident damage and not been repaired by McLaren, and a number have been re-painted and re-trimmed outside of McLaren. That denudes the value, but even these cars change hands for around $2M.
If you can find an F1 that’s for sale for not much more than the original list price then we suggest you mortgage your house, sell your children and do whatever it takes to buy that F1. You’d make £1m profit when you sell it.
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