Mark McCann starts by comparing the P1’s costs to those of other legendary hypercars, including the Bugatti Veyron. Through interviews with fellow collectors and owners, Mark uncovers some jaw-dropping figures:
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Servicing and Warranty: For cars like the Veyron, a two-year service and warranty package can cost around £200,000.
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Insurance: Insuring a hypercar is expensive but, given the value of the cars, not as astronomical as some might expect—think around £8,000 per year for a Veyron.
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Tires and Wheels: Veyron tires can cost £20,000 a set, and wheels may need to be replaced after four sets of tires—at a cost of up to £100,000 for new wheels.
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Maintenance Surprises: Even small parts can be shockingly expensive due to exclusivity and complexity. One owner recounts a minor switch repair costing nearly £10,000.
Mark also interviews Steve from The Hamilton Collection, who shares his own horror stories about Veyron ownership—like spending $125,000 on repairs in a single year, and the constant worry of out-of-warranty costs that can reach hundreds of thousands for major components.
The video then shifts focus to what it takes to keep an entire hypercar collection running. Mark visits the Pegg Collection, which includes icons like the Ferrari Enzo, McLaren Senna, Pagani Huayra, and, of course, the McLaren P1. Here, he learns that:
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Collection Management: Some collectors hire full-time managers just to keep their cars in working order, as leaving a hypercar unused can lead to catastrophic (and expensive) failures.
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Battery Replacement: For the P1, a hybrid battery replacement can cost up to £120,000.
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Annual Running Costs: Insurance for a large collection can reach £200,000 a year, and routine maintenance for each car can easily run into the tens of thousands.
Mark’s own experience with the P1 reveals that, while the car is an incredible machine, the costs are relentless. Everything from tires and brakes to hybrid system maintenance is far more expensive than with a “normal” supercar. He concludes that while hypercars like the P1 can appreciate in value and offer unique experiences, the running costs are so high that even wealthy owners need to think twice.
Ultimately, the video is an eye-opening look at the true price of living the hypercar dream—where the thrill of ownership is matched only by the size of the bills.