For the Robinhood traders who turned tens of thousands of dollars into millions this year and have still yet to lose all their money, DragTimes YouTube channel's Brooks Weisblat has found the perfect hypercar to lease, that is, a one-year-old Bugatti Chiron.
Weisblat ran the numbers on leasing the hypercar, and even to our amazement, who knew Bugatti had a leasing program?
So here are the numbers: Bugatti offers 24- and 36-month leases with a 2,500 mile-per-year allowance. According to CNET, even before the actual lease amount, one must pay $4,000 of the monthly cost in taxes. For a 24 month lease, one would expect to pay around $65,960 per month or about $1.6 million over the term of the lease.
For some perspective on per monthly lease costs, the US median income for 2019 was around $69,000. Tens of millions of Americans this year are struggling to survive as the virus pandemic has financially crushed them. But the Federal Reserve and the federal government, pumping trillions of dollars into financial markets, sparked a boom in the stock market that minted new millionaires.
Our advice to the successful Robinhood traders, preserve the wealth that was created from panic buying technology stocks, and enjoy it. Either way, in the next stock market crash, amateur traders will be wiped out again.
By the way, the Chiron has two keys; a regular key and a top speed key that allows it to hit 262 mph. Here's Weisblat's video:
And if the need for speed is your game - why lease a Chiron and waste $1.6 million, when you can purchase SSC North America's Tuatara hypercar that recently reached speeds of 331 mph on a Nevada highway. The price tag of Tuatara is only $2 million, one million less than the 2019 Chiron.