Thread: True cost of Bugatti Veyron ownership....

Sorry if this is a repost... Just found this.

Owning a supercar takes a lot more green than most people realize. Beyond the initial six to seven figure number, you’ve also got to consider your down payment, financing, insurance, and maintenance costs. Let’s take a look at how much it really costs to own a Bugatti Veyron.

Bugatti Veyron 16.4 ($1.4 mil)
Veyron ownership begins with a $360,000 down payment that is wired to the Bugatti bank in France. This is a formality to put a reserve on the car. Once the transfer has been complete, a French security firm begins a thorough background check. This is to make sure the buyer is good for the remaining $1.04 million dollars, which can be spread out for the next five years at 10% APR financing. Once the check is completed successfully, the buyer has to pay the shipping charges for the car to be crated from France, which averages around $40,000.

To keep yourself and Bugatti protected, insurance will be a necessity at around $2,500 a month for the 16.4 model. When all is said and done, you will pay about $1.8 million, which is around $400,000 less than the upper echelon Super Sport. However, let’s say you’ve decided to lease for the time being. For the first payment, which will be due a couple weeks after you’ve taken delivery, you would owe around $24,000. At this price, the owner is only given a yearly allowance of 2,500 miles. If you go over this, penalties add up quickly.

Bugatti Veyron Super Sport ($2.2 mil)
However, we might as well go all the way to the top with the Bugatti Veyron Super Sport, starting around $2.2 million. The buyer still has to come up with a $360,000 down payment, endure a rigorous back ground check, and shell out the delivery costs from France. With taxes and all the other hidden fees out of the way, you could be looking at $2.6 mil just to get it out the door. But who has that kind of money lying around, so you decide to finance it.

A five year loan with a 10% APR will cost you around $42,000 a month, practically twice the price of admission for the 16.4. On top of this, expect around $20,000 for routine maintenance, $7000 for gas, and $10,000 for auto detailing every year. Every 10,000 miles Bugatti recommends the wheels and tires should be replaced at $50,000 a set. A climate controlled, high security garage is also recommended, bringing maintenance costs up*to*as much as*$300,000 a year.

With insurance premiums over $3,000 for the Super Sport, your final price with everything said and done would be a minimum of $3.3 million. And that’s just for the first*five years.

Just TT a Gallardo, or send a Porsche Turbo to BBI & you're done!

I hate the idea of financing super expensive items....IDK, maybe that's just how I was raised.

one must be wealthy beyond caring for these expenses i guess. they're certainly high.

that's ALOT of money, relatively speaking.

ferrari's don't seem so bad anymore huh

couple of things here...

firstly, people seriously finance veyrons? I mean..it would seem logical to me that if you CANT outright buy the car, then you CANT afford the car anyways. Ive met 3 veyron owners and all three paid in full for the car...So i dont know about the whole financing situation...

Second, 10,000 a year for auto detailing? are you taking veyrons into a huge mud covered field every 6 months? Once again, most bugatti owners Ive met rarely drive the cars AND only NEED to get them well detailed about once a year since besides a little wiping off they dont really need much cleaning( only costs a couple of hundred for a very well done detail)...

All your details make it seem like someone bought the car and daily drives it...and at the same time cant even afford the car and leased or financed it...and as awesome as it is that you got the information...the chances of any of that seems extremely slim...but thats just from my experience Im sure theres different povs around.

just b/c you finance a car doesn't mean you can't afford it. it's a financial tool - that's appropriate for different situations.

- chuck

In debt with a Veyron, that's sound financial advice.

Who finances a Veyron? Rappers?

If you have a Veyron and can truly afford it, the other costs are menial... feels like lunch at the Ivy.

To everyone else, the numbers sound like a lot - but when you are shelling out between 1 and 3 million for a car - money is not an issue to give second thought to