Jay Leno : Why my McLaren F1 was not an investment .The last offer he received for the car was $12 million

Leno on why his $800K McLaren wasn’t an investment

http://www.cnbc.com/2015/10/20/leno-on-why-his-mclaren-wasnt-an-investment.html

“Jay Leno wants to make one thing clear: He doesn’t buy cars as investments.

But that hasn’t stopped some of his purchases from appreciating in truly jaw-dropping amounts.

Take, for example, his McLaren F1. When Leno bought it roughly 20 years ago, the second-hand supercar cost him $800,000. The last offer he received for the car was $12 million — which, for those of you keeping score, qualifies as one heck of an investment.

That is, if you plan to sell. And he doesn’t.

Here, Leno explains what it would mean for him, financially, if he were to ever find himself in a situation where his McLaren were on the market.”

Each week, Jay Leno shares his thoughts about hot topics in the auto industry. Tune in to “Jay Leno’s Garage” Wednesdays at 10 p.m. ET/PT on CNBC.