A Bugatti Chiron will cost you multiple millions of dollars (usually around $3 million but can vary). Given the fact this car costs let’s say $3 million, just because if you’re worth $3 million, you might have the money to buy it, but you still can’t afford it. Here’s why:
- maintenance can be north of $100k per year even
- buyers have to be well-qualified to purchase a Bugatti
People who purchase Bugattis and other similar cars usually have a car collection meaning they collect many high-end cars. These collections can be worth upwards of 8 figures.
A good rule is that the cars you own total should be no more than 5 percent of your net worth. If you go by this rule, you should be worth at least $60 million before purchasing a Bugatti and this shouldn’t be your only car.
Usually, in order to purchase a Bugatti, car collectors are sought after so you should have a collection of many other similar high-end cars already. That collection will most likely be worth (example: $20 million).
With a collection of $20 million in cars, you should not purchase a Bugatti until you have a net worth of $400 million in reality at least. Most likely you should even be worth more (probably a billionaire).
To afford a Bugatti: net worth of $60+ million and making $5 million per year or more. With this rate, this would probably be your only car. So yeah, you better make more money.
To truly afford a Bugatti: net worth of $400+ million and making $20 million per year or more.
Car News3 years ago
Polestar is recalls over 2000 electric cars due to software bug
AVIATION3 years ago
Photo News: Air Peace commence flight operations to South Africa
Car News4 years ago
Suzuki’s 2020 V-Strom 1050 goes high-tech in high style
AUTO STAKEHOLDER3 years ago
FRSC COMMENCES ENFORCEMENT OF NATIONAL IDENTIFICATION NUMBER IN DRIVER’S LICENCE PROCESSING
Technology3 years ago
Common mistakes in CO₂ emissions calculations
WHEELSCLINIC7 years ago
Chinese-built railway turns tourist attractions in Kenya
Car News4 years ago
Super rich Banana Island residents set for new X7
Classic Cars7 years ago
Range Rover mark decades of peerless design