Kevin Magnussen nearly signed DTM deal for 2016

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Kevin Magnussen has revealed he nearly signed a contract to drive in DTM before securing a seat at Renault for this season.

Having been dropped by McLaren at the end of 2015, the Danish driver tested in both DTM and the World Endurance Championship with the remaining F1 seats unlikely without significant funding or backing. However, that situation soon changed when Pastor Maldonado's sponsorship problems freed up a seat at Renault.

Magnussen, who was only confirmed at the team last month, admits he could have made an impulsive decision to sign with a DTM team when his F1 chance for 2016 appeared to have gone.

"Of course Formula One was top of my list and of course you knock on every door," Magnussen told the official F1 website. "I always saw possibilities, but a possibility is not really what would make my day -- just being there.

"So I also risked a look at DTM - and IndyCar! In fact I was very close to DTM. As an alternative I found it pretty tempting. I always had sort of a crush on DTM. And believe me: I am just glad that none of this happened -- that I didn't panic and sign a contract that was not my absolute choice, that I had the guts to sit quiet and wait for something better. And I can say that now I am exactly where I wanted to be."

Magnussen drove at McLaren in 2014, scoring a podium on his debut, but spent much of last season on the sidelines after deputising for the injured Fernando Alonso in Melbourne. He has been paired with rookie Jolyon Palmer but does not think Renault will be hurt by its relatively inexperienced line-up.

"I don't know if he driver pairing that they've chosen is a risk. What I understood is that they will follow a long-term plan -- and their choice of drivers shows that as well. If they had chosen a world champion driver this entire plan wouldn't make sense. I think if you plan long-term you need to invest in the right places and to go with two young upcoming drivers and grow together - that sounds to me like a good plan."