Bugatti Veyron Grand Sport Cost of Ownership

Econ

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?