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The value of a shiny new Veyron. Once it's driven off the dealership premises, its value begins a free fall to the ground. I'd be surprised if an average veyron

The value of a shiny new Veyron. Once it's driven off the dealership premises, its value begins a free fall to the ground. I'd be surprised if an average veyron is worth more than 300k.

dragonwriter 6y ago
> The value of a shiny new Veyron. Once it’s driven off the dealership premises, its value begins a free fall to the ground Generally true of mass produced cars, very often not true of small production run, high-priced supercars, which often do the opposite. Including Veyron: https://www.hotcars.com/bugatti-veyron-has-actually-increased-in-value-since-being-discontinued/ https://www.hotcars.com/bugatti-veyron-has-actually-increase... But, even @ $300K instead of $2-3 Million, that’s still a huge multiple of the mandatory liability coverage in most jurisdictions, so carrying only the mandatory minimum wouldn’t do much for you if you cause one to be totalled.
Hamuko 6y ago
>Only 450 Veyron were produced by hand up to 2015, selling at prices of at least EUR 1.16 million. These include various exclusive special models which are now sought-after collector's items. Their value has hardly fallen in recent years. More recent used vehicles achieved an average price of EUR 620,000 at international auctions and dealerships in 2011; two years later this had already gone up to EUR 730,000. Currently it’s virtually impossible to find a Veyron on the market for less than EUR 1.3 million, with certain models fetching even considerably higher prices https://www.bugatti.com/media/news/2019/bugatti-classic-cars/ https://www.bugatti.com/media/news/2019/bugatti-classic-cars... Trying to apply the same logic to a rare car of which there were under 500 units produced and even less now (https://www.youtube.com/watch?v=4NJmB1F2mdE https://www.youtube.com/watch?v=4NJmB1F2mdE) as you do to your economy car is just wrong.
- frongpik 6y ago
  I wouldn't bother insuring against crashing into a car thats so rare. Otherwise I'd have to insure myself first against bear attacks, lightning strikes and high energy cosmic particles.

The value of a shiny new Veyron. Once it's driven off the dealership premises, its value begins a free fall to the ground. I'd be surprised if an average veyron is worth more than 300k.

dragonwriter 6y ago

> The value of a shiny new Veyron. Once it’s driven off the dealership premises, its value begins a free fall to the ground Generally true of mass produced cars, very often not true of small production run, high-priced supercars, which often do the opposite. Including Veyron: https://www.hotcars.com/bugatti-veyron-has-actually-increased-in-value-since-being-discontinued/ https://www.hotcars.com/bugatti-veyron-has-actually-increase... But, even @ $300K instead of $2-3 Million, that’s still a huge multiple of the mandatory liability coverage in most jurisdictions, so carrying only the mandatory minimum wouldn’t do much for you if you cause one to be totalled.

Hamuko 6y ago

>Only 450 Veyron were produced by hand up to 2015, selling at prices of at least EUR 1.16 million. These include various exclusive special models which are now sought-after collector's items. Their value has hardly fallen in recent years. More recent used vehicles achieved an average price of EUR 620,000 at international auctions and dealerships in 2011; two years later this had already gone up to EUR 730,000. Currently it’s virtually impossible to find a Veyron on the market for less than EUR 1.3 million, with certain models fetching even considerably higher prices https://www.bugatti.com/media/news/2019/bugatti-classic-cars/ https://www.bugatti.com/media/news/2019/bugatti-classic-cars... Trying to apply the same logic to a rare car of which there were under 500 units produced and even less now (https://www.youtube.com/watch?v=4NJmB1F2mdE https://www.youtube.com/watch?v=4NJmB1F2mdE) as you do to your economy car is just wrong.

frongpik 6y ago
I wouldn't bother insuring against crashing into a car thats so rare. Otherwise I'd have to insure myself first against bear attacks, lightning strikes and high energy cosmic particles.