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While there are many expensive cars, not many cost over a million dollars. Let's take a look at one car that is set to hit the market with well over a million dollar tag.
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LykanHypersport 2013, the Arab world's first high performance luxury sports car is all set to be introduced at the Qatar Motor Show, starting on January 29, according to Elite Daily.
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Priced at $3.4 million, only seven units of the car will be produced making it the most exclusive sports car in the world, it says.
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On top of impressive power figures - 750 brake horsepower, good enough to go from 0 to 62 mph (0 kmph - 99.77 kmph) in a blazing 2.8 seconds and hit a top speed of 242 mph (389.46 kmph) - it is loaded with luxuries, according to Business Insider.
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The LykanHypersport's LED lights are diamond-encrusted. The leather interior features gold stitching. The display system used 3D holograms, it says.
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For those willing to spend the $3.4 million to purchase one, the Lykan also comes with a 24-hour concierge service, and a Special Edition Cyrus Klepcys Watch, worth more than $200,000, it says.
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The car has been in development for six years with companies such as RUF Automobile, Viotti, Studiotorino, Magna Steyr Italia and ID4MOTION all having a hand in its creation, according to Car Buzz.
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Power is said to come from a mid-mounted twin-turbo flat-six engine that produces 750 horsepower and 737 lb-ft of torque, it says.
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Its engine, options, high price and low production volume all seem a bit hard to believe, but W Motors has the backing of some established automotive players, according to Digital Trends.
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At its coming out party last July, company executives stood shoulder-to-shoulder with representatives from Magna Steyr, a contractor that helped develop Mercedes-Benz's 4Matic all-wheel drive system, and Porsche tuner Ruf Automobile, it says.