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.
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