So how much money do you have to have to comfortably afford a Veyron?

I would say at least 20 million in the bank in cold hard cash before you even attempt to buy one of these. The maintenance costs are reported to be anywhere from 100K-300K a year.

 

1st... Veyrons depreciate badly.

For anyone to buy a new Veyron,... they need to be prepared to eat $1M in depreciation. And cover running costs.

 

Comfortably? I'd say at least a net worth of $75 million, maybe $30 mill in cash.

 

You don't need too much. Just spread it across a dozen or so credit cards and it's yours.

 

It all depends on where you put your priorities. If you only cared about cars, a Veyron specifically, you would need a couple of million in the liquid assets to purchase and maintain the car, and enough income to cover your other expenses of a otherwise modest lifestyle.

Now in reality, you are not going to live in a $500,000 house and have a Veyron. Most likely your home is $5M+, and you probably have more than one. Your everyday expenses are also likely many times higher than a "normal" person, and either have a huge baller-type income or own millions in passive income generating assets.

So in conclusion, in theory you only need enough to buy the car and service it if that is all you care about, but in reality most owners will have a net worth north of $20M.

 

Or, a full coverage insurance policy and one low flying,stealth almost, pelican.

 

You know what they say. If you have to ask....

 

Pretty far from the truth. Of course, it could be that high if you daily drove it, and needed to replace wheels+tires ++ etc.

16k per two years is more likely depending on how many miles you put on the car. If you have a Veyron, chances are you have others cars you drive more often

How much? Well, what is the cost of depreciation vs. the joy (and cost) of ownership/ driving? When you justify that value... you have a Bugatti in your garage.

 

Bingo! Alot of people can buy one, but buying and maintaining comfortably is a whole other level.

 

right now most Bugatti's depreciate in value if they are driven. Like most cars the resale value on them really depends on the mileage, like with the Barrett Jackson auction where a veyron with 12k miles (which in Bugatti terms is a ton) went for $700,000
http://www.ridelust.com/barrett-jackson-hammers-a-bugatti-veyron-for-700k/

on the other hand if your the type of person who lets your cars just sit in your garage you can probably make a pretty good amount of money over a few years if your willing to buy new or a low mileage veyron. one specific one that could potentially be one of the most expensive cars in the world in 20 or 30 years could be this
http://www.jameslist.com/advert/33211/for-sale-bugatti-veyron
2006 Veyron
Chassis 001
348 miles

another way that you could appreciate in value is buying a special edition veyron
ie Pur Sang, Sang Noir, Hermes, Sang Bleu or the Super Sport

 

A McLaren F1 is about 5x as rare as a Veyron and while they both can go ludicrous speed, they're quite different cars and cater to a different type of buyer. I don't know of too many F1 owners who also have a Veyron - in fact I know some who have chosen to pass on buying a Veyron.

Another factor in their depreciation is that you can still by a new Bugatti Veyron so why get a used one? It's possible once prouction finally ends prices will stabilize and maybe increase for good examples or some of the limited versions. That said I think it will be a very long time before we see a Veyron sell for almost 4x its original MSRP - if ever. It's happened twice now for F1s in the past two years.

>8^)
ER

 

Mr. Beal loved his McLaren and chose not to get rid of it when he bought the Veyron. It was much easier for him to get rid of the Veyron than it was for him to sell the F1. And remember he had the Enzo before the Veyron also. He never complained about how much it cost to maintain the F1 but said the Bugatti was too expensive to maintain for him to enjoy it. And this from a man who put 15k miles on his F1 in a year and paid over $15k for the 15k service on it. I do not know, how much is the service on a Veyron????

I am not sure what he is getting next as he is into Trophy Trucks now. He has the ZR1 for a daily driver but he drove the McLaren as a daily driver also. He took a friend on a tour of his ranch two months ago in the truck he races now...........Quite a tour I am sure.
Image Unavailable, Please Login
Image Unavailable, Please Login

 

With or without tires? You can easily drop $50k/year on it.

 

I saw that car at Pebble this year
Image Unavailable, Please Login
Image Unavailable, Please Login

 

Just setup a HFT computer and steal fractions of a penny per trade (front run) like the Vampire Squid Goldman Sachs and others do every trading day. Sheeesh, you guys still thinking inside the box. Why?

It is funny tho, was talking with an associate about the Veyron recently... and we agreed the Bentley CGT like the one here is a far better choice. Perhaps it all comes down to if you want the car to prove something or are really looking for a very capable daily driver without that Ferrari type of TCO penalty.

Still, am glad they made the Veyron as it is very interesting from a technical standpoint and thus provides a 'roadmap' for future automobile designs.

 

Seeing that color combo I'm surprised he could get rid of the Veyron

 

i guess the mileage is different from my original post (433 mi) but here's the listing through Ogara Coach

http://bugatti.ogaracoach.com/components/com_inventory/inventory_frame.php?carid=795001

 

A new set of Veyron tires is >$14k, and they last circa 3k miles, so tread carefully on the loud pedal!

 

£10m cash in bank excluding other assets.

However that's just for a £1m car.

If it was a Veyron I'd want a lot more as I'd already have/be hunting down a F1 and an Enzo/Zonda - the Veyron would be little more as a status symbol to go in a garage of exotics I loved far more.

 

From my financiers prospective this is a great answer. LOL