[Closed] PSA: McLaren F1

I saw him driving it through Porthmadog years ago.

Works Mini Cooper S 🙂

Cheers for the PSA, i've been after one of those for ages.

Didn't he crash it and have the most expensive claim for 'own car damage' in history?

[edit] he did;

[img] [/img]

^I'm surprised that they rebuilt it.

£8m for a cut and shut?

£900,000 repairs!

[url= http://www.independent.co.uk/news/uk/home-news/rowan-atkinson-crash-forces-insurers-to-pay-out-record-910000-to-repair-supercar-8486081.html ]http://www.independent.co.uk/news/uk/home-news/rowan-atkinson-crash-forces-insurers-to-pay-out-record-910000-to-repair-supercar-8486081.html[/url]

@wasawas thanks for the link, the piece said he crashed it and with a value of £8m it was worth repairing it. Your link says they where £640k new and £3.5m now, seems a bit low for the valuation

I recall another was crashed on a roundabout near Woking after a mechanic took one out for a road test after servicing it. I also believe one of the F1 drivers admitted doing 150 in one on the A3

£540,000 was the original price. (I could almost recite the Autocar road test (the only one!) as a 14yr old boy)

Thanks @thegreatape. I used to know someone who bought one for his own LeMans team, he loved cars and was loaded !

Hardly going to be a financial write off if the car is worth £8M. The repair would have been a bit of a Triggers Broom job by the looks of it. Actually the journalist reckons it will go over £10M. The £8m comes from the going rate for a raciing car version of which the majority manufactured were. This road going version should be worth a few mil more.nhot to be the ultimate car ever though. Some modern cars might be quicker, but not as tactile.

/tangent

Do you pay capital gains tax on car appreciation?

I think its been rebuilt more than once?

/tangent
Do you pay capital gains tax on car appreciation?

No.

It was worth about £3.5m when the article was written but the classic car market has gone stratospheric in the last couple of years. There will only ever be a finite supply of these and the number of very rich people wanting one increases every day. There are people out there for whom £8-10m isn't that much money and this'll represent a reasonable investment.

The last couple of years it's made sense to buy these things on finance and still see them as investments.

Will always be a sh*t colour though this one.

The majority were road cars, 70 odd vs 25 ish race ones iirc. This one is one of the highest mileage ones too, 41k, though they are saying it's as close to a new one as you'll get due to the extensive rebuild in '11

Such sublime engineering purity. I wonder if anyone's ever used the titanium toolkit?

Interesting to consider that they struggled to sell 100 including the race variants (which they only did because they weren't selling the road versions), when the current hypercars (LaFerrari, 918 & P1) have sold over 1000 in total. The rise of the global billionaire segment...

I know who the insurer was on that claim, big big ouchie!

Lovely car, I remember it being launched and all the journalists running out of superlatives for it! It looks dated now though IMO.

(I could almost recite the Autocar road test (the only one!)

I know who the insurer was on that claim, big big ouchie!

I reckon his premium afterwards looked a bit like a sideways 8....

Great PSA OP! Bought it 😀

Let's hope it fits (my garage)

That auction site has a 'Stang on it which I believe is/was Rowan's. (Lovely guy by the way)

First dibs on it when Hora puts it up for sale next week as the suspension is apparently rubbish...

😀

hora - Member

Great PSA OP! Bought it

Let's hope it fits (my garage)

Anyone want to buy a McLaren f1? I know this bloke who'll be selling one soon, apparently he can't get the seating position quite right... 🙂

Edit - beaten to it!

Insurance claim is hardly a big deal when personal injury claims often go into 7 figures

However it makes a good story.

Real issue is that clearly the underwriters are not going to make the money back from one person so all premiums will rise as a consequence - however only one person will gain from the car being effectively rebuilt and now as near to a new one as can be......kerr-ching for the rich boy

😆

I'm fairly sure that second pic in the article is by grims ditch on the ridgeway near Wallingford.

Nice bit of trail that and an mtb link!

i made those clutch and brake pedal pads 😀

by brother still has one on a shelf at home.

Insurance claim is hardly a big deal when personal injury claims often go into 7 figures

However it makes a good story.

Real issue is that clearly the underwriters are not going to make the money back from one person so all premiums will rise as a consequence - however only one person will gain from the car being effectively rebuilt and now as near to a new one as can be......kerr-ching for the rich boy

The market won't take that, you've just got to suck up the loss. it's enough to utterly annihilate the personal motor book of the insurer, for some years to come frankly, but that's not gonna get passed on to consumers. Compared to commercial property or liability claims it was small, but that's not the point.

Probably hit the reinsurance layers anyway.

Saw him driving it through Oxford traffic a couple of times about 10-12 years ago, way before the big smash obviously. An absolute masterclass in engineering, but dear god, why oh why would you choose that colour?!?!

I used to work near where he lives - in stereotypical boy racer fashion I once tried to 'race' him in my '89 Escort RS Turbo but he wasn't having any of it - knew he'd met his match I imagine! 😀

Seeing Mr Bean driving a F1 is quite disturbing too

That smash was just down the road from me. I've seen him out in it a couple of times though not sideways mind...

I remember an article in CAR magazine about 25 years ago when Atkinson was moaning about the cost of insurance......I guess he's changed his mind since then.

Oh hang on. I don't like the rake adjust angle of the wheel.

Couldn't hide my grin when a certain pink Floyd drummer asked if I would like to sit in his F1 GTR. I think he noticed how my eyes lit up as soon as I saw it in his 'garage'. Was number 10 of the gtr's made. Saw my first one at the NEC motor show when I was a kid.

the greatest car of all time. Gordon Murray produced the perfect car.

Andyl I am very jealous. Only ever seen them at shows, never sat in one. Fantastic piece of design and engineering.

@andyl, you win having sat in one and one owned by a music legend. Jealous.

A good old artical on Pistonheads by an owner on running a F1 [url= http://www.pistonheads.com/gassing/topic.asp?t=116008 ]here[/url]

Nice guy, doesnt keep his collection all wrapped up in cotton wool. Got a photo of me sat in his enzo that had the top gear track record somewhere.

andyl - Member
Nice guy, doesnt keep his collection all wrapped up in cotton wool. Got a photo of me sat in his enzo that had the top gear track record somewhere.
POSTED 6 HOURS AGO # REPORT-POST

That must be one of the greatest days on record. Please find that pic.

Awesome machine. Questionable colour.

My mate has just sold one of these, he moved to Russia to work for a huge Bank out there and said, I quote "I'll get killed for this car if I take it out there, they'll be tracking me all the way there before I even get out of Germany" 8)
We sold it for him, to another Banker Boy who'd just got his bonus back last March.

We used to drive it around Town, hilarious driving up Clerkenwell/Old Holborn along the small terrace lined roads. It was like driving my Mothers Micra it was that simple and easy, but take it out down the A3 and bloody hell it's like a totally different machine 8)

[img] %3Fp%3D140402_12%3A40&Width=615&Height=347[/img]

bikebouy

My mate has just sold one of these,

Doesn't do anything for me.

We saw a P1 last May on a minor road near Tomintoul, it looked like a real blast. It was only about a mile after we had seen a German gullwing Merc, which was truly lovely.

I don't know how to get a URL from the you tube app on my tablet but search you tube for "A look at nick mason's car collection" as he has let people film them in recent years. I think it was about 2005/6 when we went. A friends dad was doing a film shoot for a documentary on his db5 so we met at a pub for lunch and then followed them filming the db5 before going for a tour of the rest of his cars and met his mechanics who were getting the 250 gto ready for Gerhard Berger to drive in Germany Iirc.

My mate has just sold one of these, he moved to Russia to work for a huge Bank out there and said, I quote "I'll get killed for this car if I take it out there, they'll be tracking me all the way there before I even get out of Germany"
We sold it for him, to another Banker Boy who'd just got his bonus back last March.

On any other day this would have raised an eyebrow, but after talking about F1s not today. Which is quite sad given it's a lovely design in it's own right.