Bugatti Veyron Grand Sport Cost of Ownership

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.

ImportConvert · 03-30-2011, 01:37 PM

Quote:

Originally Posted by 3.SLOW6MT

While this is somewhat true, it's still ridiculous. Even if I had that kind of money, I wouldn't be buying a Veyron. I'd rather have a GT2, ZR1, F430, and an Enzo with money left over. I'd bet the maintenance per year on all 4 cars combined wouldn't total $300,000. While you could argue the actual road time on each of these 4 cars would be dramatically reduced (since there's 4 instead of 1), I think it's a worthy comparison.

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

.

But...you don't. So you really don't know what you would/wouldn't buy. Look at all those lottery winners that claim they would "invest conservatively", etc. We really don't know what we would do if we had/were anything we don't/aren't. It's all speculation.

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.

m4a1mustang · 03-30-2011, 01:39 PM

BTW, Jeffblue came up with the term "Veryonomics." If you do the math the costs work out to the same as just about any performance car on a relative basis.

Tires for a 370 might work out to around 2-3% of the brand new purchase price. Same for the Veyron.

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.

m4a1mustang · 03-30-2011, 01:57 PM

I'll never understand how the school systems screwed up so much. I went to public school and I am a geographical beast.

Nitrouz · 03-30-2011, 03:05 PM

Quote:

Originally Posted by m4a1mustang

I'll never understand how the school systems screwed up so much. I went to public school and I am a geographical beast.

yet you drive a GT lol.....I kid I kid!!

m4a1mustang · 03-30-2011, 03:07 PM

Quote:

Originally Posted by Nitrouz

yet you drive a GT lol.....I kid I kid!!

3.SLOW6MT · 03-30-2011, 03:14 PM

Quote:

Originally Posted by Nitrouz

I disagree. These owners probably already has a couple exotic/vintage ferraris, porches, and lamborghinis. If not, they could easily swing one while out shopping for the day.

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.

You're probably right. OR, they could be rappers blowing their money on their egos. But in all seriousness, you're right...millionaires don't just wake up one morning and say "I'm gonna buy a Veyron." I'm sure they have or have had several exotic cars before they purchase a Veyron. It's a different class of car than anything on the market.

Quote:

Originally Posted by ImportConvert

But...you don't. So you really don't know what you would/wouldn't buy. Look at all those lottery winners that claim they would "invest conservatively", etc. We really don't know what we would do if we had/were anything we don't/aren't. It's all speculation.

Again, true. I'll tell you one thing, I wouldn't mind having to decide 'what to do with my money today.' It's like changing clothes for these people. It's really ridiculous when you think about how rich some people are. I'm sure there are a lot of things we don't know, since we're not rich (well, speaking for myself), that happen behind closed doors of these millionaires. Just because they have money doesn't mean they don't have problems. I'm not aiming this statement at you, just putting it on the table.

shadoquad · 03-30-2011, 03:14 PM

Quote:

Originally Posted by 3.SLOW6MT

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.

Don't fool yourself. This is an investment vehicle. It is highly exclusive. It has the status of being the most expensive car in the world at the time. Yadda yadda yadda, if this thing is a well-maintained garage queen for 30 years, it's reasonable to expect it to sell for more than what it was bought for, especially if several of them are crashed.

Look at vintage ferraris, hell even vintage muscle cars. The rarer the better, and they're all selling for X times what they were bought for. Lamborghini Reventons are aimed at the collector set, too.

Osiris · 03-30-2011, 03:27 PM

little fact i heard on a Top Gear episode: They said that it costs VW over 5 million to produce one veyron but only sell it for 2. Apparently it's one of those "see if we can build such a car" type of things.

But if i had 2 mill and 300k maintenance money to burn...i think i'd buy a couple nice Ferrari's, Lambo's, Ducati's, and have enough left over for a Charlie Sheen hooker binge!!

Econ · 03-30-2011, 03:39 PM

Quote:

Originally Posted by Osiris

little fact i heard on a Top Gear episode: They said that it costs VW over 5 million to produce one veyron but only sell it for 2. Apparently it's one of those "see if we can build such a car" type of things.

But if i had 2 mill and 300k maintenance money to burn...i think i'd buy a couple nice Ferrari's, Lambo's, Ducati's, and have enough left over for a Charlie Sheen hooker binge!!

"After the release of the car, it has been reported that while each Veyron is being sold for £840,000, the production costs of the car are approximately £5 million per vehicle. This is not the price to produce one vehicle, but rather the cost of the entire Veyron project divided by the number of vehicles produced at that time. As Bugatti, and therefore Volkswagen, are making such a loss, it has been likened by automotive journalist Jeremy Clarkson to Concorde; in that they are test-beds for advancements in technology and developed as exercises in engineering.

Read more: Bugatti Veyron - Wikicars
Under Creative Commons License: Attribution"

Osiris · 03-30-2011, 03:57 PM

ah..thanks for clarification. Still mucho $$$

Econ · 03-30-2011, 03:59 PM

Quote:

Originally Posted by Osiris

ah..thanks for clarification. Still mucho $$$

yea man, still pretty nuts though...didn't know that till you mentioned it.

metz · 03-30-2011, 04:15 PM

The fact that they were losing money on it was based on their inital production run. They had originally said thats all they were making, but they made more and now the ss version. Id be curious to see if they came out of the hole yet with the added production

03-30-2011, 01:39 PM	#19 (permalink)
m4a1mustang A True Z Fanatic Join Date: Feb 2009 Location: Northern VA Posts: 55,385 Drives: on two wheels Rep Power: 6963	BTW, Jeffblue came up with the term "Veryonomics." If you do the math the costs work out to the same as just about any performance car on a relative basis. Tires for a 370 might work out to around 2-3% of the brand new purchase price. Same for the Veyron. __________________ - Steve Zs & Coffee - Saturdays at 10AM in Fairfax, VA and Columbia, MD (Click the banner!) LIKE us on Facebook!

03-30-2011, 01:57 PM	#21 (permalink)
m4a1mustang A True Z Fanatic Join Date: Feb 2009 Location: Northern VA Posts: 55,385 Drives: on two wheels Rep Power: 6963	I'll never understand how the school systems screwed up so much. I went to public school and I am a geographical beast. __________________ - Steve Zs & Coffee - Saturdays at 10AM in Fairfax, VA and Columbia, MD (Click the banner!) LIKE us on Facebook!

03-30-2011, 03:27 PM	#26 (permalink)
Osiris A True Z Fanatic Join Date: Mar 2009 Location: http://www.cfzclub.com/ Posts: 1,524 Drives: Angry Rep Power: 20	little fact i heard on a Top Gear episode: They said that it costs VW over 5 million to produce one veyron but only sell it for 2. Apparently it's one of those "see if we can build such a car" type of things. But if i had 2 mill and 300k maintenance money to burn...i think i'd buy a couple nice Ferrari's, Lambo's, Ducati's, and have enough left over for a Charlie Sheen hooker binge!! __________________ ^^^^^^^^^Like our Facebook!^^^^^^^^^

03-30-2011, 03:57 PM	#28 (permalink)
Osiris A True Z Fanatic Join Date: Mar 2009 Location: http://www.cfzclub.com/ Posts: 1,524 Drives: Angry Rep Power: 20	ah..thanks for clarification. Still mucho $$$ __________________ ^^^^^^^^^Like our Facebook!^^^^^^^^^

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03-30-2011, 04:15 PM	#30 (permalink)
metz Enthusiast Member Join Date: Mar 2010 Location: Baton Rouge Posts: 347 Drives: 05 Roush, 2010 40th Rep Power: 16	The fact that they were losing money on it was based on their inital production run. They had originally said thats all they were making, but they made more and now the ss version. Id be curious to see if they came out of the hole yet with the added production