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Designed by Durbanite Gordon Murray the McLaren F1 turns 20 this year. Remains the greatest supercar of all time – subsequently F1s just keep appreciating in value daily.
Conventional wisdom says cars are a depreciating asset.
Your financial planner keeps telling you property and equities are the better investment vehicles.
If you’re keen on depositing your life savings into a car fetish, it had better be once that will guarantee a return on investment.
One car purchase sure to offer stellar asset growth is McLaren's F1.
Plainly the greatest supercar of all time, it remains a peerless engineering achievement.
McLaren made only a few - 64 F1s, five F1 LMs and three F1 GT road cars, along with 28 F1 GTR racers and six test prototypes.
Tally the numbers and only 100 F1s are littered across the globe. Unsurprisingly, the market for used F1s is limited – negligible in fact.
It becomes quite easy to unpack the economic fundamentals at work when the question of buying a used F1 enters the equation. Quality product. Limited supply. Ballooning price.
To illustrate the F1’s appreciating asset billing, the very first car produced by McLaren is now for sale.
Although this F1 is being marketed by Gembella’s American franchisee (and no, we still don’t what happened to Uwe Gembella after he went missing at OR Thambo earlier this year), the reserve price is R23m.
Admittedly the car’s extremely low mileage (its odometer reads only 483km) is admirable, yet this silver 1995 McLaren F1 coupe has more than trebled in value over 15 years.
Back in 1995 you would have paid around R7m for the privilege of opening up the gold-lined engine bay to show it off to friends in your garage.
Remember your parents always telling you cars were a really bad investment? Well, they were lying...
Your financial planner keeps telling you property and equities are the better investment vehicles.
If you’re keen on depositing your life savings into a car fetish, it had better be once that will guarantee a return on investment.
One car purchase sure to offer stellar asset growth is McLaren's F1.
Plainly the greatest supercar of all time, it remains a peerless engineering achievement.
McLaren made only a few - 64 F1s, five F1 LMs and three F1 GT road cars, along with 28 F1 GTR racers and six test prototypes.
Tally the numbers and only 100 F1s are littered across the globe. Unsurprisingly, the market for used F1s is limited – negligible in fact.
It becomes quite easy to unpack the economic fundamentals at work when the question of buying a used F1 enters the equation. Quality product. Limited supply. Ballooning price.
To illustrate the F1’s appreciating asset billing, the very first car produced by McLaren is now for sale.
Although this F1 is being marketed by Gembella’s American franchisee (and no, we still don’t what happened to Uwe Gembella after he went missing at OR Thambo earlier this year), the reserve price is R23m.
Admittedly the car’s extremely low mileage (its odometer reads only 483km) is admirable, yet this silver 1995 McLaren F1 coupe has more than trebled in value over 15 years.
Back in 1995 you would have paid around R7m for the privilege of opening up the gold-lined engine bay to show it off to friends in your garage.
Remember your parents always telling you cars were a really bad investment? Well, they were lying...
