That's an interesting idea. Image Fred Everyman. For some reason, the only car he can afford is a Bugatti Veyron, and he needs a car to get to work. How much d

That's an interesting idea. Image Fred Everyman. For some reason, the only car he can afford is a Bugatti Veyron, and he needs a car to get to work. How much does this cost Fred? A basic new Bugatti Veyron seems to cost about $1.55 million. A normal car loan is for 3 or 4 years, but let's assume Fred can get a 30 year loan. He's got pretty good credit, and he ends up with a 4% interest rate. Unfortunately, Fred also needs auto insurance, which for a Veyron will run about $50,000 per year. Fred's loan payment is about $7900/mo, and his insurance payment is about $4166/mo. Oh, and a Veyron only gets about 7mpg in a city, so we'll say his monthly gas bill is another $300. Add that up, and Fred needs to make $12366 per month, post-tax, just to pay for his car (not counting tires, tune-ups, fixing the paint after people tag it). In order to have $12,366 of monthly net pay, Fred needs an annual pre-tax salary of around $315,000. So a $315,000 yearly salary will allow Fred to own his Veyron in 30 years. If he wants to eat food or live somewhere, though, he'll of course need more. (Warning: I almost certainly made at least 3 major mathematical or accounting errors in there somewhere).