Because they can flip it for a huge profit, of course.
Ordering a new Bugatti has to be one of the most gratifying experiences in the world. The new Chiron is a pinnacle of engineering achievement and the ultimate symbol of status and class. For around $2.5 to $3 million dollars you'd expect the Chiron to be special and it most certainly is. Ordering a new Chiron must be nice, but we imagine that taking delivery would be one of the greatest moments that it is possible to have in life. The Chiron is one of the fastest cars in the world, thanks to an 8.0-liter quad-turbo W16 with a massive 1,500 hp.
If we were to take delivery of a Chiron, we couldn't wait to get behind the wheel and take it for a spin. But if the Chiron experience is as good as we've made it out to be, why are there currently so many used examples on the market? Perhaps it's merely our plebeian point of view, but if we bought a Chiron we'd would go out in a fevered frenzy to get the most enjoyment out of our purchase. Chiron owners seem to have a very different point of view because many examples, including some of the first ones to be shipped to the US, are already crossing auction blocks on their way to their second owner.
There are only a few reasons that we could come up with as to why owners would want to part ways with such a beautifully crafted and expensive object like the Chiron. We struggle to even call it a car because with an optioned price of well over $3 million, the Chiron is so much more than a vehicle for transportation. The first reason might be that (for some odd reason) the owner did not care for the Chiron experience. Even though we have been swooning over the Chiron and its unbelievable engineering, a Bugatti customer is used to multi-million dollar yachts and private planes. So perhaps the Chiron just didn't live up to their lofty expectations.
We offered this as our first alternative, but we firmly believe that the real reason why so many Chirons have come up for sale is because their owners only wanted to make a profit. We found at least six Chirons listed on James Edition and an additional Chiron listed on the DuPont Registry. Of the roughly seven Chiron examples that we found, only two are listed with prices. One of the cars is a two-tone blue model in Germany that has a listing price of $3,833,150. The other is being sold in Los Angeles with a list price of $4,350,000. The Chiron can vary greatly in price depending on options, but the original owners of these cars are looking at anywhere from $800,000 to $1.3 million in profit just from buying a car.
It may not sound like this is a big trend, considering that we only found seven cars for sale, but remember that only 500 Chirons will be built in total and that only 70 will be built per year. That means that one in every 10 Chiron built this year is already for sale. There are a lot of people out there who defend car flippers like this. They tend to use arguments that owners are only doing what makes financial sense and that our stance on the issue was only formed out of jealousy. Obviously, we'd love to be afforded the privilege of making a small fortune just from buying and selling a car, but it isn't the reason why we love cars in the first place.
While we commend collectors for buying classic cars and preserving them like they would works of art, we are firm believers that new cars should be driven. The fact that many of the Chirons are up for sale with anywhere from 15 to 300 miles on the odometer means that the owner didn't even get to enjoy the car before selling it. Cars, especially ones like the Chiron, can certainly be considered art, but the thing that makes cars so much more exciting is the fact that they can be expressed in living motion and thrill us in ways that staring at a painting or sculpture can't do. The sound and feel of a car is part of what makes it special.
Buying a car like the Chiron only to sell it before driving it a single mile is a bit like buying a beautiful painting and selling it before even laying eyes on it. Our opinion may be a controversial one, but we think that flipping a car so quickly is a great way to dilute the hobby. It is fantastic for the wealthy owners that are given the opportunity to buy them, but it keeps raising the prices even further so that regular car enthusiasts will never be able to afford them. It isn't wrong to flip new cars like the Chiron to make a profit. In fact, given the chance we'd love to make such an enormous profit just from selling a car. It just isn't why we became car enthusiasts in the first place.
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