According to this Wall Street Journal article, it costs nearly $300k (not including car payments) per year to own a Bugatti Veyron...pretty normal from: Does Owning a Bugatti Veyron Cost
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03-29-2011, 03:52 PM | #1 (permalink) |
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Bugatti Veyron Grand Sport Cost of Ownership
According to this Wall Street Journal article, it costs nearly $300k (not including car payments) per year to own a Bugatti Veyron...pretty normal
from: Does Owning a Bugatti Veyron Cost as Much as a Private Jet? - The Wealth Report - WSJ Which would you rather own for a year: a private jet or a Bugatti Veyron Grand Sport? Most might say the jet, since it is much more expensive than Bugatti, a car that retails for a mere $2,128,230. After all, despite its top speed of 253 miles an hour, the Veyron won’t get you to Paris (for proof of Bugatti’s poor submersible qualities, see this sunken Veyron video). Bloomberg News The Bugatti Veyron Grand Sport is shown in this undated photo released in August. Now one reviewer says the cost of owning a Veyron may approach $300,000 a year–a sum one blogger said may be akin to running a private jet. The costs include: • $10,000 tires (each!), which the manufacturer recommends changing every 2,500 miles • $60,000 for changing the wheels with every three tire changes. • Scheduled maintenance, insurance for a 40-year-old male with a clean driving record, fuel (around 8 MPG in the city, 14 MPG on the highway). Add in other assorted costs and the total approaches $300,000. Running the car is so expensive that, according to a blogger on Autocar, one Veyronite loads his car on a trailer for long trips and follows behind on a private jet. The arrangement “works out to be cheaper than driving the Bugatti several hundred miles to reach the dream Tarmac.” A midsize private jet, meantime, can cost $2,200 to $2,700 an hour–-including catering, fuel, pilots and maintenance. Some jet-management companies put the expense of all the operations at $200,000 a year or less. (Of course, those per-hour trip costs don’t include the purchase price nor depreciation.) Perhaps on a per-mile basis, the jet is more efficient. But what about annually? Do you think a jet is cheaper than a Veyron to run? Last edited by Econ; 03-29-2011 at 11:21 PM. |
03-30-2011, 06:52 AM | #7 (permalink) | |
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It's all about your perspective. To me, throwing away 1/2 of a hamburger if I feel full/don't like it/whatever is no big deal. Go to a 3rd world country and do that and you might be treated to a ringside seat to a fight to the death over that food. Veyron owners are most likely similar. That $300K is just incidental. |
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03-30-2011, 10:22 AM | #8 (permalink) | |
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It's not like a guy who buys a multi-million dollar Ferrari 250 at auction is using it as a DD. |
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03-30-2011, 10:30 AM | #9 (permalink) |
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Dam, at 250k a year I probably could have swung it, but 300k nope.
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03-30-2011, 01:11 PM | #11 (permalink) | |
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You are right, it is a status symbol. However, it's hardly an investment. Predominantly, when you invest in anything, you usually expect to see a return on what $$ you put into the initial investment. In this example, all I see is pockets being emptied at first glance, and then even more so as time goes on; not to mention depreciation. If I saw one on the road I'd be forced to while forcing my fingers to curl in such a way as to . But what I really mean is and .
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03-30-2011, 01:34 PM | #12 (permalink) | |
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03-30-2011, 01:47 PM | #13 (permalink) | |
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No one would buy a $2m car if they only had a $2m budget for cars. I could buy an SLR. But that would take all my budget away. Instead I have my 370z, a rover, and a couple bikes. Possibly another car to come. Whereas '82 Civic owners may be saying when they see my 370z, saying that with that money, they'd rather buy a versa for DD, a used S2K for weekend fun, and a bike for canyon carving. For multi-multi-multi millionnaires, you can still take the rationale above, but raise the tier of cars all the way to having a Veyron being just one of the 10+ cars they own. It's all relative.
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03-30-2011, 02:08 PM | #14 (permalink) | |
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althought the majority of bugatti owners I'm sure are worth hundreds of millions, I know for a fact a few rappers own them (chris brown being one), and I looked up their net worths (dont quote me on accuracy) and all of them are worth sub $30mm 30 million can be eaten up fast when you spend 2m on ONE car, and add in all other lavish expenses. |
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03-30-2011, 02:21 PM | #15 (permalink) | |
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There are exceptions like these.
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