Bugatti Veyron Grand Sport Cost of Ownership

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.

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.

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.

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Bugatti Veyron Super Sport @ 267.8 mph	Meridian69	Other Vehicles	2	07-07-2010 01:49 PM
non z related but really worth watching! Man-Made Bugatti Veyron Super Car	supraman626	Other Vehicles	3	06-07-2010 11:55 AM
Mclaren F1 vs Bugatti Veyron	david10072	The Lounge (Off Topic)	0	04-08-2010 10:54 AM
911 Cabrio vs 370Z Roadster - Total Cost of Ownership	370Zsteve	Nissan 370Z General Discussions	12	03-15-2010 02:01 PM
Man Drives $2M Car (Bugatti Veyron) into La Marque Lake	MeetJoeAsian	Other Vehicles	51	11-16-2009 11:33 PM