Bugatti Veyron Grand Sport Cost of Ownership

Nitrouz · 03-30-2011, 01:21 PM

Quote:

Originally Posted by Econ

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.

absolutely. But that's just bad financial management. Not unlike how some people would buy things on their credit cards when they cannot pay it off, yet still buy more and more and get into debt. Just because they can, doesn't mean they should.

There are exceptions like these.

Econ · 03-30-2011, 01:26 PM

Quote:

Originally Posted by Nitrouz

absolutely. But that's just bad financial management. Not unlike how some people would buy things on their credit cards when they cannot pay it off, yet still buy more and more and get into debt. Just because they can, doesn't mean they should.

There are exceptions like these.

of course, the sad fact is though, that the majority of the US is horrible at money management.

Bloomberg the other week showed bankruptcy statistics on NFL and NBA players. THeir findings:

within 5 years of retirement, 60% of NBA players and 78% of NFL players go bankrupt.

Just trying to point out how 300k annual car expenses could help contribute to this.

m4a1mustang · 03-30-2011, 01:37 PM

Quote:

Originally Posted by Econ

of course, the sad fact is though, that the majority of the US is horrible at money management.

Bloomberg the other week showed bankruptcy statistics on NFL and NBA players. THeir findings:

within 5 years of retirement, 60% of NBA players and 78% of NFL players go bankrupt.

Just trying to point out how 300k annual car expenses could help contribute to this.

Well, your average NBA or NFL player is not a good proxy for the intelligence of the average American. Most of these guys wouldn't have made it to college without athletic scholarships. I'd say most Americans smart enough to retire on several million bucks don't go bankrup within 5 years...

I'll stop here.

Econ · 03-30-2011, 01:50 PM

Quote:

Originally Posted by m4a1mustang

Well, your average NBA or NFL player is not a good proxy for the intelligence of the average American. Most of these guys wouldn't have made it to college without athletic scholarships. I'd say most Americans smart enough to retire on several million bucks don't go bankrup within 5 years...

I'll stop here.

Washington, D.C. December 2008-- According to a Gallup/Harris poll released Monday, a full 37 percent of American citizens are incapable of identifying their home country on a map of the United States.

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