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Discussion in 'General Discussion' started by Peterdon, Jan 1, 2009.
have alook at http://news.bbc.co.uk/1/hi/england/tyne/7807210.stm
Blimey. the stuff of dreams. I wonder if the relatives knew of this car. Can you imagine thier surprise if not!!
I'd keep it as it hasn't cost them anything and will always hold it's value.
I don't think they would have bought on an PCP back then!
If I had it, I would be tempted to keep it while it was restored, if I could afford the restoration, although that may not that expensive having read about it.
Then I would pass it on to a more deserving owner, who of course, would have paid over the odds for it.
wonder what the insurance for it would be?
I appriciate it for what it is, but having that in the garage or a share of £3.5 million in my back pocket?
I'd take the money every day of the week, and buy a propper dream garage
But not many, if any cars will hold and maybe increase in value like this one, and having cash will be a dead loss in financial terms at the moment.
Keep the car, enjoy it then sell when necessary..
How could you enjoy that? It is epic for what it is, but that or .......
.....and still cash in the bank?
The above is miles better than some sheddy Buggatti
At losing a fortune...
My pics didnt work, but the list also included a Murcielago spyder a 550 and a 911GT3rs (997 variant)
I know what ur saying about depriciation, but the Bugatti is over 70 years old, there are more enjoyable motors out there, and £3.5 mil is a life changing amount of money (for me anyway)
Split how many ways.?
It's money they didn't have so haven't missed and a bit like a B&Q sale...when it's gone, it's gone..
ps. the pics worked..
Let's leave that PCP thread out of this, shall we?
I too would want to keep it but what would the insurance be like?
Not to drive it but to safeguard one's investment.
Apparently they only built 4 in 1937 and the last one to sell was at Pebble Beach last year, admitedley restored, but it went for $7.9 million.
And for such a rare car we're suddenly tripping over them.
And I thought Bugatti was Italian!
And it gets even more confusing........................
Have a think about it, but putting the money aside for a while, knowing how much that car would be worth and being able to drive it to a show, or take other people out in it every nice sunny day, would you actually think its not enjoyable.
Imagine how many people would come up to ask about its history, rather than drooling over it asking how fast it goes, how much it cost, and that pointless suggestion that the 3ltr diesel has as much torque, does hundreds to the gallon and is cheaper so why would you buy a V8?
I thinkl you would find it very pleasurable, and in light of the current economic turmoil, you would also know, it will be worth more 10years from now anyway.
That said, if it was mine, I would have the money in the bank now and would be half way through spending it.
Originaly it most definately was!
The BBC article suggests they didn't know, but by all accounts, this car has always been on the radar, its whereabouts a known but closely guarded secret.
Being auctioned in Paris, 7th Feb.
So Bugatti is Italian/French Born in Germany....nice!