Man who bought a Bugatti breaks down all the numbers behind the purchase

Ed Bolian recently purchased a Bugatti Veyron Grand Sport and revealed the full breakdown of the numbers behind his purchase.

He broke down all the numbers regarding what the supercar would cost him, including initial payment, insurance, and maintenance.

It’s pretty well known how expensive these cars are to maintain and own.

But it is quite eye-opening to see just how much money can go into these luxury cars besides the initial cost.

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The number behind the purchase

Bolian had been searching for a Bugatti Veyron for quite a time.

Unfortunately, the days when one could buy a sub-million dollar Veyron had come and gone.

He had been hoping to find a used Bugatti with the right combination of miles, bad specs, or service needs.

That way the initial cost of buying the car could be negotiated.

Another reason he wanted to buy a Veyron was because he believed these cars would go up in value.

Fortunately, he found a red-over-red 2012 Bugatti Veyron Grand Sport that had been owned by many celebrities in the past.

How much it costs to buy a Bugatti?

However, Bolian had to sell many of his own cars and collect more than half a million dollars to afford the down payment for the Bugatti.

Of course, it doesn’t end there as the supercar also needed a few repairs, which would be quite expensive.

He wanted to put a drive belt in the car and that could cost him $60,000.

Both of the front axles were also leaking and that was another $30,000.

The Bugatti also needed new tires which were going for $45,000.

Other minor repairs combined increased the total price of the supercar by $200,000.

So Bolian tried to negotiate with the Bugatti dealer to decrease the total cost.

Eventually, he paid 40 percent of the total cost as a down payment while financing the rest of the money.

Then there’s the insurance, which costs him around $600 a month.

So overall, supercars like this cost way more than their initial asking price.