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

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.
 

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

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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.
 

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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
 

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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
 

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who carries credit card debt, if even for a month?

you have $100MM net worth, let's say your cash flow is $10MM/year, you want a Veyron, you can get a loan for 7% (purely speculating), and you can make 25% putting money into pretty good investments and/or your own businesses.

why would you buy a veyron? opportunity costs - financing is a tool.

- chuck
 

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who carries credit card debt, if even for a month?

you have $100MM net worth, let's say your cash flow is $10MM/year, you want a Veyron, you can get a loan for 7% (purely speculating), and you can make 25% putting money into pretty good investments and/or your own businesses.

why would you buy a veyron? opportunity costs - financing is a tool.

- chuck
And it's thinking like that which will take you to places in life.
 

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Chuck is right.
the 10 percent interest that you lose compounded is still not as a high as the amount can make with the same sum if you invest it in something proper.

I may be a simple farmer but i would rather use that money as capital over bragging rights of "paying cash money homey"

money is just a symbol. a $10 is only a symbol of what it can buy you. now would you rather rather not buy more with your 2.2 mill than just a car? how about the car and a cash cow? a cash cow that gets you more cars in the future.

think long term.
ps...rappers dont finance...they brag about how its all paid for.
 

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Quoted for truth.....Do you think Trump paid for his casino he just built in vegas with cash?

There are different reasons to buy a veyron, hence there are different tools and ways to pay for the veyron. Financing one makes sense some of those times..................



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
 

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what about the amount of $ one would be offered for advertisements, and paying photoshoot requests etc.
also, not to mention all the high end restaurants that will comp your meal for parking it up front.
 

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The $10k detailing cost per year seems ridiculous, especially considering none of those cars will drive more than a few thousand miles in a given year. Even with a complete extensive detail done every 4 months the price should not be more than $2500.
 

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I know I know... It's about exclusivity! However, if you can get over the exclusivity part, just get a Switzer GT-R and beat the Veyron. And you're still way under of what a Veyron is.

Or as someone else said, Gallardo TT...
 

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I feel like the people who buy the veyrons are disgustingly rich with a lot of liquid just sitting there, and the ones who finance are the ones who are filthy rich but are the smarter less rich ones as the ultra super rich.. idk that came off wrong but i hope you understand haha
 
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