Bugatti Veyron Grand Sport Cost of Ownership

Econ · 03-29-2011, 02:52 PM

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?

TreeSemdyZee · 03-29-2011, 10:09 PM

Poop. That blows my whole budget.

ImportConvert · 03-29-2011, 10:22 PM

In 6 years I will have paid my car off--or for the service fee on the 3rd tire-change.

Fail

metz · 03-29-2011, 11:32 PM

Why would the wheels need to be changed in 7500 miles?

Econ · 03-30-2011, 05:03 AM

Quote:

Originally Posted by metz

Why would the wheels need to be changed in 7500 miles?

because they get dirty, and how else would you make them shiny again

b1adesofcha0s · 03-29-2011, 11:32 PM

That's just craziness. That maintenance cost is more than enough to buy a brand new Lamborghini Gallardo or Ferrari 458 every year

ImportConvert · 03-30-2011, 05:52 AM

Quote:

Originally Posted by b1adesofcha0s

That's just craziness. That maintenance cost is more than enough to buy a brand new Lamborghini Gallardo or Ferrari 458 every year

True, but it really isn't that bad.

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.

shadoquad · 03-30-2011, 09:22 AM

Quote:

Originally Posted by ImportConvert

True, but it really isn't that bad.

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.

Plus it's not like Veyron owners are going to drive these things much. They're an investment vehicle and a status symbol.

It's not like a guy who buys a multi-million dollar Ferrari 250 at auction is using it as a DD.

3.SLOW6MT · 03-30-2011, 12:11 PM

Quote:

Originally Posted by ImportConvert

True, but it really isn't that bad.

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.

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

.

Econ · 03-30-2011, 12:34 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

.

true, although no car returns monetary value, unless you race/show it for money. Or it becomes a collectable in 50 years

Nitrouz · 03-30-2011, 12:47 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.

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.

Econ · 03-30-2011, 01:08 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.

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.

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.

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.

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.

03-29-2011, 02:52 PM	#1 (permalink)
Econ A True Z Fanatic Join Date: Jan 2011 Location: New York City Posts: 2,546 Drives: Fiat? Rep Power: 20	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 10:21 PM.

03-29-2011, 11:32 PM	#6 (permalink)
b1adesofcha0s A True Z Fanatic Join Date: Jan 2011 Location: MD Posts: 40,963 Drives: HypeTrain Choo Choo! Rep Power: 142	That's just craziness. That maintenance cost is more than enough to buy a brand new Lamborghini Gallardo or Ferrari 458 every year __________________ Project: b1adeZmobile (2009 370Z) \| Uprev Tune by AAM Competition \| Berk Exhaust Project: b1adeZmobile 2.0 (2014 C7 Z51) \| Corsa Xtreme Exhaust

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