About McLaren For Sale
Churning out endless high-powered, well-engineered supercars hasn’t been enough to protect McLaren from the COVID-19 pandemic. The British sports car maker is now selling its iconic headquarters in a desperate attempt to shore up some cash flow.
McLaren’s mclaren for sale aren’t exactly cheap, but they’re still more affordable than buying one off the dealer lot. The company’s newest model, the 2022 McLaren 720S, starts at $290,000 and can reach 205 MPH in just three seconds. That’s less than the price of a new Mercedes S500 and almost a quarter the cost of a new Porsche 911 Turbo.
It may not be the most attractive real estate bargain around, but if you’re interested in a new McLaren and you happen to live in Beverly Crest, California, there’s a property that could make your dream come true. Homeowners and agents there are sweetening the pot to lure in buyers by throwing a luxury car into the deal, reports the Los Angeles Times. For example, one $16.5 million listing comes with a choice of an Aston Martin Vantage, Bentley Bentayga EWB, or McLaren GT.
A McLaren F1 is a rare sighting, and when they come up for auction, collectors and dealers watch them closely as a barometer of market sentiment. A 1994 example with special LM racing specifications recently sold at RM Sotheby’s for $19.8 million.
Another sign of McLaren’s financial woes is the recent downgrade of the firm’s credit rating to non-investment grade status by ratings agency Moody’s Investors Service. That’s deep into junk bond territory, and it raises the prospect of further downgrades that would further constrain the company’s liquidity.
The good news is that McLaren, which also owns a Formula 1 team, continues to enjoy the support of Bahrain’s sovereign wealth fund Mumtalakat Holding, which owns about 60% of the company. The Bahrain government has been helping out with capital infusions, including a deal this week to help fund technical upgrades for the upcoming Artura hybrid supercar that are causing delivery delays.
McLaren has also been able to tap into its large reserve of old cars to help bolster its balance sheet, which has suffered from slow sales and the impact of the pandemic. But even those efforts won’t be enough to help the firm avoid what Moody’s calls “a prolonged period of stress” until it can restructure its debt.
If you’re looking to get your hands on a McLaren for sale, check out the inventory at McLaren Newport Beach. You can filter by price, mileage, transmission, trim, days on lot, drivetrain, color, engine, options, and more to find the perfect McLaren for you. We’re also happy to work with local lenders to help you secure financing. Stop by today and talk to a McLaren Newport Beach specialist for more information.