McLaren owner looks set to net huge profit

August 4, 2015 | By | In News

A car collector could be looking at a £500,000 profit as his recently purchased McLaren P1 supercar goes up for auction.

Don Wallace, owner of the Lazydays RV Supercentre in Florida, only bought the car earlier this year for around £875,000 and is already looking to sell.

The McLaren P1 is the fastest car ever produced in Britain, and this particular one has only covered just 248 miles since delivery. Its Volcano red paint job, an optional extra, cost £7,000.

Valuations for the P1 have reached an estimate of around £1.4million, meaning that Mr Wallace would be on track to net a profit of £525,000 in less than nine months.

The demand for the P1 is such that a 60 per cent increase in value has occurred despite the car being taken off the forecourt.

Only 375 examples of the supercar were built and as a result used prices have continued to skyrocket as more and more people attempt to get their hands on one.

With 903bhp, the P1 can accelerate from 0-62mph in just 2.8 seconds and on to a top speed of 217mph.

The P1 is due to be auctioned at RM Sotheby’s Monterey Sale in California between 13-15th August. It goes alongside a host of valuable cars including a Ferrari Enzo valued at over £2 million and a 1956 Porsche 356 Speedster with a valuation of over £172,000.

Despite being one of the fastest cars on the planet, the P1 can also achieve a figure of 34mpg thanks to its hybrid technology.

Social media & sharing icons powered by UltimatelySocial

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close