Solving the millionaire’s conundrum. The rest of us can just dream
If you have a million pounds in the bank, get it out fast! It’s not earning any interest in there – whereas if you invest it smartly in the right supercar, it could be making you hundreds of thousands of pounds. Of course, invest badly and you could also lose six-figure sums… with this risk in mind, we asked supercar dealer Simon Fragopoulos to guide us on what’s going up and down.
If you bought new, the LaFerrari Aperta would have cost £1.6 million. These days, it’s shot up to around £2.5 million to £3 million. Pre-tax. And Fragopolous doesn’t see them softening any time soon. VIP owners apparently have a tacit agreement with Ferrari not to sell within 18 months of purchase, but many are being lured by the temptation of doubling their money and cashing in.
Aston Martin Valkyrie
If you’ve secured a delivery slot for the as-yet unseen Aston Martin Valkyrie, you’re in luck: you can sell it on today for a cool £850,000 premium. Demand is enormous, as it will be for one of the 25 race versions. Sky-high premiums will follow there, too.
AMG Project One
We have no idea what it will cost, but Fragopolous reckons the AMG-Mercedes hypercar will go for around £1.85 million. To which those on the waiting list can already add £850,000 profit from others eager to beat the queues. Some collectors, apparently, are infuriated they don’t have a place on the list and are prepared to throw cash at the problem to rectify it…
McLaren is going to make 106 cars codenamed BP23: consider it the modern-day successor to the F1. Each will cost £1.65 million. And each may already sell for an £850,000 premium, even though Fragopolous reckons it’s currently too early to estimate values. Who knows, the premium may even swell further once we actually see the thing…
Porsche 918 Spyder Weissach edition
If you were ordering a 918 Spyder when new, you could add on a Weissach performance pack as a £70,00 extra. If you were sensible, you did just this: even last year, you could have sold it for £1 million, and this year, values have swelled further to around £1.3 million…
The LaFerrari was once the must-have hypercar, but not anymore. It’s old news – and more freely available now it’s out of Ferrari’s 18-month retention period. Values of rare colours hit £2.6 million last year; auctioneers RM Sothebys is soon to sell a red coupe with an opening price of £2.36 million. “That will indicate the level of the market,” says Fragopolous.
McLaren P1 and P1 GTR
Another of the hypercar holy trinity whose time has been and gone. Values peaked last year; now, it’s a positive bargain with prices starting from a mere £1.2 million plus tax. Even the mighty P1 GTR has fallen from £2.5 million to just £2.1 million. Bargain.
There’s a new king in town. The Bugatti Chiron is stealing all the bragging rights of its predecessor, the Veyron, which has resulted in a 20 per cent decline in prices over the past year. For a seven-figure supercar, that’s an eye-watering fall. Today, you can pick one up from around £850,000, although you will need to stomach frankly ludicrous servicing costs.
Porsche 918 Spyder
A non-Weissach 918 Spyder is less desirable. List prices was £637,000 and they went up to £1.1 million at one point. Today, they’re down back below £1 million, with prices settling at around £935,000.
Lamborghini Aventador SV LP750-4
The big Lambo SV really is a bit of a bargain. This time last year, you’d have to fork out around £425,000 for a coupe, and a wild half-million for a roadster. Today, you can get one for around £340,000, which, by these exalted standards, is a steal.