Simon Cowell puts his Bugatti up for sale… but he could take a £400k hit on the price

January 10, 2014 | by | 0 Comments

Petrolheads interested in a car with the X-Factor should contact Simon Cowell after the TV star put his Bugatti up for sale.

The super-rich businessman spent around £1 million in 2008 on the Bugatti Veyron when it was the world’s fastest car.

Over over the past five years Cowell, 54, has driven the 253mph motor just 1,300 miles.

Simon Cowell's Bugatti which he has spent £1m on but is expected to sell for £600k

Simon Cowell’s Bugatti which he has spent £1m on but is expected to sell for £600k

The supercar was once the fastest model in the world

The supercar was once the fastest model in the world

And he looks set to lose a significant chunk of the £1 million spent after deciding to sell the car.

It will go under the hammer next weekend at Barrett Jackson’s Scottsdale sale in Arizona.

Used Veyrons which are sold at auction typically sell for around £600,000 – meaning Cowell could find himself £400,000 out of pocket on the motor.

The sale follows the recent news that Cowell had taken delivery of his latest sports car – a Caterham which set him back a mere £30,000.

This is around the same price as a new set of tyres for the Veyron, which Barrett Jackson describes in the advert as being in “pristine condition”.

The advert states: “The vehicle includes a full one-year, extended factory warranty offered directly through Bugatti.

“Four brand new tyres and a complete service make Mr Cowell’s Veyron the perfect certified pre-owned vehicle.”

The Veyron is powered by an 8-litre W16 engine which develops around 1,000bhp. It has four-wheel drive and uses a seven-speed gearbox.

This gives the hypercar a 0-62mph time of just 2.5 seconds and a top speed of 253mph.

Other famous Veyron owners have included Jenson Button and Samuel Eto’o.

Category: Auto

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