Breaking Down the Real Cost of Owning a McLaren F1
By Tim Charlet on September 10, 2018
So – you’ve recently inherited $15 million from that dear rich Uncle you barely knew and want to buy the Supercar of your dreams. You browse the internet and find one for a cool $12 million and decide to make the plunge, thinking you could live comfortably with $3 million remaining. Well, hold on to your hats – because you might be shocked to learn how much you’ll spend on routine maintenance of owning a McLaren F1. A recent report shows how much a previous owner had to shell out for a few minor maintenance procedures.
This legendary supercar was introduced to the world in 1992 and instantly became the fantasy wish-list car of the super-rich. It held the record for fastest production car in the world for more than a decade, with only 64 of them available from 1992 through 1998. The first McLaren F1 that was imported to the US sold for a cool $15.62 million. However, what you may not know is what a former F1 owner recently claimed were the operating costs of this ultra-supercar.
Bruce Weiner originally purchased his “used” 1994 McLaren F1 for $1.2 million. However, he quickly sold the car when he did some investigation on the ownership costs. For example, if you were not happy with the original color of your F1, you could send it back to the factory for a fresh paint job – for only $300,000 – or about 30,000-times more than the standard MAACO paint job. But that’s a luxury upgrade – so what about items requiring routine service?
One item that needs to be swapped out every five years is the fuel cell. While you can have a BMW 3-series fuel system completely swapped by a dealership for $2,000, the F1 would cost about 50-times as much, at $100,000. The clutch also requires replacement every two years (regardless of use) – for a mere $15,000. Tire replacement – only $50,000; which breaks down to $12,500 per tire (but this does include mounting and precision balancing). The replacement of tires also includes a private track rental, test driving by a professional driver, so McLaren can fine tune the suspension to match the new tires (seriously – that’s a policy).
In the end, Weiner determined that the cost of owning the vehicle – even if it’s not driven, approached $50,000 per year.
Images credit: McLaren.com