What’s the going rate for a Ferrari LaFerrari these days? Turns out, it’s more than the £1.2 million (a little over $2 million) price tag Ferrari attached to it. A lot more.

Oracle Finance managing director Peter Brook revealed to Motoring Research that interested buyers of the LaFerrari are prepared to pay more than £1 million more than its original price tag. In case you’re wondering, that’s $1.6 million based on the exchange rates on 8/13/2014, which is a little north of the $1.3 million price tag of a Bugatti Veyron. Basically, these buyers are prepared to spend as much as £2.2 million, or about $3.3 million to get a piece of the 499 LaFerraris in existence today.

Brook revealed the incredible details in an analysis of the supercar market, highlighting the prevailing thought that demand for the LaFerrari has become so rabid that eager buyers are more than willing to spend close to double the amount Ferrari is asking for it.

“It’s a buying frenzy out there at the moment for Ferraris and nothing demonstrates that like the million-pound premiums we’re seeing for the LaFerrari,” Brook said. It paints a shocking figure one when a guy like Brook is even stunned at the premium buyers are prepared to pay just to get their hands on a LaFerrari.

Fortunately for the McLaren P1 and the Porsche 918 Spyder, demand for these two exotics is also high enough that both are attracting impressive premium numbers.

Oracle Finance says that the P1 has a premium of £300,000 ($500,856), while the 918 Spyder has a premium of £200,000 ($333,904). Still, those amounts are chump change compared to the staggering £1.2 million premium on the Ferrari LaFerrari.

Click past the jump to read more about the Ferrari LaFerrari.

Why It Matters

We all agree that the Ferrari LaFerrari is an incredible supercar. But something’s not right if you’re willing to shell out double its original price tag just to get one to show off to your buddies. Then again, if you have the money to spend and you’re not afraid to spend it, then by all means, more power to you!

Can you imagine how much the LaFerrari will cost years down the line? $10 million seems like a safe estimate considering the rate the hybrid supercar demands right now.

This just goes to show that no matter how impressive your car is, as is the case with the P1 and the 918 Spyder, taking on Ferrari and all of its legendary esteem is still a tall and incredibly expensive order.

Ferrari LaFerrari

2014 Ferrari LaFerrari Exterior AutoShow
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Ferrari unveiled the LaFerrari, the successor to the Enzo supercar, at the 2013 Geneva Motor Show and in that time, the supercar has become no less awesome while still featuring all the incredible and aggressive characteristics that made it such a head-turner.

Oh, and it’s apparently in hot demand. Who knew, right?

The LaFerrari comes with a hybrid system — a first in Ferrari’s history — and this HY-KERS system combines a 6,262 cc (6.3-liter), V-12 engine with two electric motors. One of these motors powers the driven wheels and the second drives the ancillaries.

This system delivers a total of 963 horsepower — 800 delivered by the V-12 engine and 163 by the electric motors — which allows the car to sprint from 0 to 60 mph in less than three seconds and up to a top speed of more than 217 mph.

Source: motoringresearch

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