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A comment on Electric cars are coming fast – is the nation’s grid up to it?. Parent comment

Re:Electric cars are coming fast – is the nation’s grid up t... by frongpik on Saturday January 30, 2021 @06:55PM (#25974278)
The value of a shiny new Veyron. Once it's driven off the dealership premises, its value begins a free fall to the ground. I'd be surprised if an average veyron is worth more than 300k.
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Re:Electric cars are coming fast – is the nation’s grid up t... by dragonwriter on Saturday January 30, 2021 @07:30PM (#25974493)
> The value of a shiny new Veyron. Once it’s driven off the dealership premises, its value begins a free fall to the ground

Generally true of mass produced cars, very often not true of small production run, high-priced supercars, which often do the opposite.

Including Veyron:

https://www.hotcars.com/bugatti-veyron-has-actually-increase...

But, even @ $300K instead of $2-3 Million, that’s still a huge multiple of the mandatory liability coverage in most jurisdictions, so carrying only the mandatory minimum wouldn’t do much for you if you cause one to be totalled.

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Re:Electric cars are coming fast – is the nation’s grid up t... by Hamuko on Sunday January 31, 2021 @02:24AM (#25976884)
>Only 450 Veyron were produced by hand up to 2015, selling at prices of at least EUR 1.16 million. These include various exclusive special models which are now sought-after collector's items. Their value has hardly fallen in recent years. More recent used vehicles achieved an average price of EUR 620,000 at international auctions and dealerships in 2011; two years later this had already gone up to EUR 730,000. Currently it’s virtually impossible to find a Veyron on the market for less than EUR 1.3 million, with certain models fetching even considerably higher prices

https://www.bugatti.com/media/news/2019/bugatti-classic-cars...

Trying to apply the same logic to a rare car of which there were under 500 units produced and even less now (https://www.youtube.com/watch?v=4NJmB1F2mdE) as you do to your economy car is just wrong.

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Re:Electric cars are coming fast – is the nation’s grid up t... by frongpik on Sunday January 31, 2021 @03:02AM (#25977045)
I wouldn't bother insuring against crashing into a car thats so rare. Otherwise I'd have to insure myself first against bear attacks, lightning strikes and high energy cosmic particles.
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