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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

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Old 03-29-2011, 02:52 PM   #1 (permalink)
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Default 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.
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Old 03-29-2011, 10:09 PM   #2 (permalink)
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Poop. That blows my whole budget.
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Old 03-29-2011, 10:22 PM   #3 (permalink)
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In 6 years I will have paid my car off--or for the service fee on the 3rd tire-change.

Fail
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Old 03-29-2011, 11:32 PM   #4 (permalink)
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Why would the wheels need to be changed in 7500 miles?
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Old 03-29-2011, 11:32 PM   #5 (permalink)
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That's just craziness. That maintenance cost is more than enough to buy a brand new Lamborghini Gallardo or Ferrari 458 every year
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Old 03-30-2011, 05:03 AM   #6 (permalink)
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Why would the wheels need to be changed in 7500 miles?
because they get dirty, and how else would you make them shiny again
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Old 03-30-2011, 05:52 AM   #7 (permalink)
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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.
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Old 03-30-2011, 09:22 AM   #8 (permalink)
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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.
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Old 03-30-2011, 09:30 AM   #9 (permalink)
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Dam, at 250k a year I probably could have swung it, but 300k nope.
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Old 03-30-2011, 09:43 AM   #10 (permalink)
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Old 03-30-2011, 12:11 PM   #11 (permalink)
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Quote:
Originally Posted by ImportConvert View Post
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 .
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Old 03-30-2011, 12:34 PM   #12 (permalink)
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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
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Old 03-30-2011, 12:47 PM   #13 (permalink)
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Originally Posted by 3.SLOW6MT View Post
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.
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Old 03-30-2011, 01:08 PM   #14 (permalink)
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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.
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Old 03-30-2011, 01:21 PM   #15 (permalink)
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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.
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