For A Bugatti, Why Buy When You Can Lease?

According to a report that almost one quarter of those who drive exotics lease their cars. They sited the example of one Timothy Durham who put down $400,000 and set up a month payment plan that has him signing cheques at the rate of $20,000 per month for the next five years on a $1.5 million Bugatti Veyron.

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budfrogS4 - 8/20/2007 10:30:19 AM

+1 Boost

By my calcs he's going to be spending 1.6 million for that lease...you'd think he'd be able to just throw down a payment in full...

sold2early - 8/20/2007 11:03:23 AM

+1 Boost

I think the Veyrons are going for a lot more than "sticker" price.

A dealer put a new one on Ebay a while ago; I viewed the auction while it was still on, and the current bid was $1.7 million and the reserve had not yet been met. I forgot to check to see how it ended.

IamEvilHomer - 8/20/2007 11:47:37 AM

+1 Boost

solid- my understanding is that if you buy a "New" one you pay one million euro and you travel to france to do the contract. You have to qualify "not just have money but pass a background check"

am i right guys?

sold2early - 8/20/2007 1:19:11 PM

+1 Boost

The one I mentioned was being sold from Chicago; perhaps it was a resale. Here is a link to the expired listing...it never sold.

http://cgi.ebay.com/ebaymotors/ws/eBayISAPI.dll?ViewItem&category=6472&item=4554645111&rd=1

M53R - 8/20/2007 2:22:38 PM

+2 Boost

A person who can pay $20,000 wont be having a problem making a full payment...

ThierryHenry14 - 8/20/2007 5:22:50 PM

+1 Boost

Sounds like the guy is financing the vehicle. The Bugatti/Bentley Dealer in Greenwich is not demanding premium prices.