Owning a McLaren is a dream many car enthusiasts aspire to, but with a starting price of around $285,000, that dream is pretty difficult to attain. Even a toy version of a McLaren can cost upwards of $8,000, which is why only individuals with deep pockets will ever get the chance to own a real one. But McLaren knows it has to keep children interested in its cars because today's four-year-old with a P1 poster on the wall could grow up to be a future owner.

Following the success of the electric P1 ride-on toy, McLaren has now released a new version based on the 720S. Like the P1, the new car is all-electric with a working accelerator pedal and has been designed for children ages three to six (or adults who are young at heart).

Although there is no engine, McLaren has added some fake engine sounds that can be controlled via a key or remote control. Parents can also take control of the car via the remote in case their kids drive too far away. Children can also enjoy a dashboard screen, which displays key information about the car. Like the real thing, the toy car even features an infotainment system that can play music and movies via a USB drive or SD card. McLaren has even preloaded a few age-appropriate songs into the system.

This 720S is far more advanced than the electric Jeep Wrangler we had as kids - it even gets McLaren's signature dihedral doors and kids can select one of seven real-life colors including Azores Orange, Belize Blue, Lantana Purple, Onyx Black, Mauvine Blue, Silica White, or Saros Grey.

You can buy the ride-on car at any McLaren retailer as well as select toy stores. The starting price is £315 (around $400), meaning you could buy 700 of them for the same price as a real 720S. With this 720S ride-on car, your child will be the coolest kid on the playground.