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McLaren says there is a simple explanation as to why Kevin Magnussen never received a $500,000 company car while driving for the British team in 2014 and 2015.

The 23-year-old Dane, who now drives for Renault after being dropped by McLaren, said this week that he never received his McLaren 650S road car even though he chose “the color, the wheels, the interior, everything.”

A team spokesman told the Danish newspaper Ekstra Bladet: “It is true that McLaren makes company cars available for its two drivers.┬áJenson Button had one without difficulty, but because Kevin Magnussen is so young, it was difficult to find an insurance policy that would cover it for a reasonable amount of money.”

The spokesman, who believes Magnussen would have revealed the news about the company car only light-heartedly, said that by the time the insurance policy was found, Magnussen had had left the team.