No, you can't afford it.
With car prices higher than ever before, leasing has become a popular way of getting behind the wheel of a new car. Take for example the Toyota RAV4, which in its most expensive form costs around $35,000. This SUV is still out of reach of most Americans if one was to buy it outright, but it will cost you only $439 for 36 months on lease, making it much more accessible. If you want to step things up a little, the high-end Cadillac Escalade will cost around $1,000 on a 36-month deal, which is not too bad for such a premium vehicle, but what if you're in the market for a $3.6 million Bugatti Chiron? Well, then the numbers start looking ridiculous. In the following video, the cost of leasing a Chiron is made public, and it's disgusting.
A quick walkaround of the Chiron makes it abundantly clear why it carries such a hefty price tag: the technology is absolutely astounding, and the attention to detail unmatched. The presenter in the video is clearly keen on the Pur Sport but decides to rather look at a Chiron Sport to keep costs down. The numbers are still staggering, however. The car in question is a year old and shows 1,250 miles on the clock. With a downpayment of $355,000 (the price given for his Ferrari F8), and a selling price of $3.3 million ($300,000 down on the Pur Sport), as well as a 24-month payment plan, the repayments come to a staggering $65,950 per month. Moving the payment period up to 36 months brings that figure down to $52,195. There's a tax charge of $4,000 per month alone. A final number of $1.9 million will be paid just to lease this car according to the salesperson.
The cost per mile is $257 on the 24-month lease, a figure that will get most people's eyes watering. These are massive figures, but you get what you pay for here. The Bugatti Chiron, Chiron Sport, and Chiron Pur Sport are all powered by a 1,479 horsepower and 1,180 lb-ft of torque 8.0-liter quad-turbo W16 and all feature top speeds in excess of 210 mph. Despite the massive price tags, people are still lining up to buy these hyper-machines.