The Scariest Things About Buying A Second Hand Supercar

Go on, admit it. The thought of buying your own second-hand supercar has entered your mind on more than one occasion.

The prospect seems so tempting. Buying a used supercar for a fraction of the price, just to experience what the rich and powerful did years ago.
But do supercars really get any less scary with age? Probably not. Supercars are expensive to run at the best of times. But in a world in which most legacy cars have to have spare parts custom built, it probably costs even more. So let’s get down to it.

1. Service Costs
When Mclaren launched their F1 back in the early 1990s, nothing could touch it. Here was a supercar so focused on speed it didn’t even have a passenger seat. Not even Jaguar’s mighty XJ200 could compete with this technological marvel. Mclaren’s dream factory had produced a car that could go more than 240mph.
But with that performance came a price. Even back in 1993, when the car was fully supported, Mclaren estimated ongoing running costs of $30,000 a year. Just changing the oil could cost $8,000.
Servicing drivetrains can be costly and difficult at the best of times as you can find out at But for the Mclaren, servicing took up to six weeks. And that didn’t include the time it took to ship it to Mclaren’s UK service centre.

2. Oil Changes
Many auto enthusiasts see Ferrari as the quintessential supercar manufacturer. And in many ways, they were the first to combine romance with pure performance.
So getting your hands on a Ferrari is a priority. What’s more, there are some second hand Ferraris that appear somewhat affordable on paper.
But that ignores the delicate procedure that has to be performed while making the oil change. First, your car mechanic has to have a special $10,000 scissor lift, just for Ferraris.
Then, if your vehicle has ceramic brakes, they need to be covered up. Contamination with the oil can wreck them permanently.
On top of that, filling up the oil itself can take over an hour. The engine has to be running while the oil is being poured in. And it has to be added, one cup at a time.

3. Insurance
Finally, there are the legendary insurance costs associated with running a high-performance car. Back in 2009, British tennis star, Andy Murray, treated himself to a Ferrari 458. At the time, the insurance costs were a cool £100,000 a year.
It was partly to do with the fact that he was under 25 years old, and partly that he had just passed his test. But it went to show just how much insuring a supercar can cost.
The prices of older second-hand cars will be lower, but don’t expect the insurance to be cheap. Fast cars are necessarily in a higher insurance bracket than slower cars. And supercars are the fastest of the lot.
It’s no surprise insurers are asking for more. Rowan Atkinson of Blackadder fame put in a claim for £900,000 when he smashed up his F1 as reported at


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