Originally Posted by Nitrouz (Post 1021324)

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.

Originally Posted by 3.SLOW6MT (Post 1021138)

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 :tiphat: while forcing my fingers to curl in such a way as to :tup:. But what I really mean is :ugh2: and :roflpuke2:.

Originally Posted by Econ (Post 1021343)

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.

Originally Posted by m4a1mustang (Post 1021394)

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. :icon17:

Originally Posted by m4a1mustang (Post 1021448)

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

Originally Posted by Nitrouz (Post 1021649)

yet you drive a GT lol.....I kid I kid!! :icon18::p:tup:

Originally Posted by Nitrouz (Post 1021229)

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.

Originally Posted by ImportConvert (Post 1021393)

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.

Originally Posted by 3.SLOW6MT (Post 1021138)

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.

Originally Posted by Osiris (Post 1021725)

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!! :tup:

Originally Posted by Osiris (Post 1021818)

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