Bugatti Veyron for Lease – Only the Stupid May Apply
If you can’t afford the $1.4 million Bugatti Veyron supercar, Putnam Leasing is offering the supercar for lease…for a total of over $1.8 million. Seems like a bargain to me.
For a mere $400,000 down and $23,595 per month for 60 months (no more than 2,500 miles per year,) you can have this beast in your garage. Unless my math is REALLY bad: $400,000 down plus $23,595 x 60 months equals $1,815,700. Am I missing something here? You have to pay MORE for the car, plus you can only drive it 2,500 per year, AND you don’t actually own it? Unless I’m mistaken, you would have to be really stupid to take advantage of this “fantastic offer.”
Filed Under: Bugatti
Well, that is how leases work- you pay more for the car than you would if you pay cash. I don't think there is anything else to say, really
um… no! When you lease a vehicle you end up paying less, Ive never leased a vehicle and ended up spending over the cost of the vehicle in a 60 month period, that doesnt make sense adn Ive never heard of anything like that before either…If you have somehow done that then you my friend are indeed crazy and not to mention horrible at math.
Yeah, that's how leasing works. It's always more expensive to lease something than to outright buy it. Leases always have some major drawback, and I know that if I bought a car like that I'd sure as hell want to drive it A LOT.
But hey, that's leasing to ya.
DUH
Doesn't Volkswagen lose like 4 or 5 mil for every one of these they make?
Actually Rob I heard it was more than that. According to Wikipedia the loss is closer 8 million per vehicle. I understand taking a loss to boost brand image, but I think that’s going a bit too far.
Well, 8 million is a heck of a cash hemorrhage, but the car pulls bragging rights into it (the first street legal 1,000+ horsepower stock production car) so they're obviously going for the prestige. And from what I'd heard they're only making a few, less than a dozen, I think?
You can’t just go buy a Veyron even if you have the money… they have all been sold. Leasing the car is more expensive than the original LIST price for it, but you’ll never buy one for that little money now.
Good point Steven
very interesting, but I don't agree with you
Idetrorce
Just to clear this up people, a lease is usually CHEAPER than financing with the following caveat: You own nothing at the end of the term, whereas you own the car at the end of the financing period. When you lease, you''re paying for the portion of the car you use (depreciation and a rent charge)
The only time a lease should cost more than financing is if you decide to purchase the vehicle at the end of the term. All in all though, that's a pretty ridiculous lease-2500 miles/yr? Lol.
All you people are idiots, except for Trinidaddy. You're making this more complicated than it is. Paying $1.8 million to lease a $1.4 million car is something only an idiot would do. End of story.
Actually, Leasing a Veyron is an extremely high risk for any bank in the world to take so the numbers make since. Its not like leasing a Honda Accord where the only risk is $20-$30.
On the other hand, people (who can actually afford one, not like people like us) have the ability to write most of it off anyway so having a higher payment actually benefits them.
Also, keep in mind that the residual on something like this (Veyron) is extremely LOWWWWW!!! The reason is: 1. the high risk to the bank and 2. high risk!! The residual should only be something like 20% meaning to buy the car at the end would only cost you a mere $360,000. THIS IS A STEAL!!! The car is expected to appreciate (one of the very few cars in the world that will)
So with writing it off and getting the tax benefit, and being able to buy the car at the end for under $400,000, You should make money on it. Hope you can all understand.
Is that buying the car for $400,000 AFTER you pay the $1.8 million to lease it? 'Cause then you end up paying somewhere around the neighborhood of $2.2 mil, which is, hmmm… about the price of a whole house in San Diego more than the original sell price of the Veyron.
If it was me, I'd lease the Veyron, and then arrange for my friends to "steal" it, I'll pay the insurance, I'll pay the cost for losing a car, yadda yadda, but in the end I'll end up with the Veyron. It's not something I'd be proud of doing, but I'd do it nonetheless. Don't get me wrong, I'm a Christian with Christian values, but surely God can understand the immense temptation that comes in the form of the Veyron.
Probably a stupid idea anyways, and there's probably a thousand ways it won't work, but what the hey.
haha, let me know how that turns out for you Will
I will, as soon as I find an extra $400,000 for the down payment just laying around and begging to be spent…hmmm….maybe under the sofa?
Its a Bugatti Veyron people. You need to realize that this car is at the highest level of exotic cars right now as well as the highest level of risk for any bank or insurance agency. If it sounds unreasonable, you can always pay cash and drive it as much as you want.
"If that sounds unreasonable, you can always pay cash…"
I wish.
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