2016 McLaren P1 LMTrue Cost of Ownership in Canada
986 hp, road-legal P1 GTR. Full cost breakdown including import duty (6.1%), VAT (5%), insurance, fuel at C$1.2/L, maintenance, and depreciation.
Purchase Price
$4.1M
Base: $3.7M
Annual Total
$601K
Insurance + fuel + maintenance
Import Duty
$226K
6.1% of base price
VAT
$196K
5% applied
Annual Insurance
$2K
Avg for this country
5-Year Total
$7.1M
Purchase + 5yr running costs
2016 McLaren P1 LM — Full Cost Breakdown in Canada
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $3.7M |
| Import Duty (6.1%) | $226K |
| VAT / Sales Tax (5%) | $196K |
| Total Purchase Price | $4.1M |
| Annual Insurance | $2K |
| Annual Fuel Cost | $4K |
| Annual Maintenance | $39K |
| Annual Depreciation | $555K |
| Registration & Road Tax | $600 |
| Total Annual Running Cost | $601K |
| 5-Year Total Cost of Ownership | $7.1M |
| Cost Per Kilometer | $40.070 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
McLaren P1 LM Fuel Cost Calculator — Canada
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$3,960
USD equivalent
Monthly Fuel Cost
$330
Per month average
Annual Liters Used
3,300L
At 15,000 km/yr
Cost per 100km
$26.40
22L × C$1.20
McLaren P1 LM Depreciation Curve
The McLaren P1 LM loses approximately $1.3M (35%) of its value over 5 years.
Year-by-Year Value
| New | $3.7M | 100% |
| Year 1 | $3.1M | 85% |
| Year 2 | $2.9M | 78% |
| Year 3 | $2.7M | 72% |
| Year 4 | $2.5M | 68% |
| Year 5 | $2.4M | 65% |
Depreciation based on hypercar segment averages.
McLaren P1 LM vs. Competitors in Canada
How does the McLaren P1 LM compare to similar cars available in Canada?
McLaren
P1 LM
Base Price
$3.7M
Annual Cost in Canada
$601K
Bugatti
Chiron
Base Price
$3.0M
Annual Cost in Canada
$350K
Koenigsegg
Jesko
Base Price
$3.0M
Annual Cost in Canada
$320K
Pagani
Huayra
Base Price
$1.4M
Annual Cost in Canada
$180K
Annual costs estimated for Canada market. Import duty (6.1%) and VAT (5%) applied to all models.
🇨🇦 Owning a Car in Canada
Insurance varies hugely by province.
Very Expensive for Canada
Annual car costs = 1252% of average Canada income ($48K/yr)
Average Annual Income
$48K
In Canada
Fuel Price
C$1.20/L
Gasoline dominant
Avg Car Insurance
$2K
Per year
Import Duty
6.1%
On vehicle value
VAT / Sales Tax
5%
Applied at purchase
Driving Side
Right-hand
North America
Popular Car Brands in Canada
McLaren P1 LM in Canada — Frequently Asked Questions
Common questions about owning a McLaren P1 LM in Canada.
The 2016 McLaren P1 LM has a base price of $3,700,000 USD. In Canada, after 6.1% import duty and 5% VAT, the total purchase price is approximately $4,121,985 USD (C$4,121,985 CAD).