$6 Million Worth Of Controversial Maseratis Going On Sale For Clearance
⚡️ Read the full article on Motorious
Papua New Guinea's fleet of high-end luxury cars is being sold at a bargain.
With 40 percent of the population living in poverty, the Papua New Guinea government found it advisable to buy $ 5.6 million in luxury cars to impress world leaders. The cars were specially bought for a conference in 2018, and now, three years later, they want to make up for their losses, but they won't. So the solution they came up with is to try and sell the Maseratis fleet at an embarrassing loss.
"If we had been proactive, the Maseratis would not have been bought in the first place," Treasury Secretary Sir John Pundari told the BBC. "I don't know the reasons why we bought Maseratis and now we are caught in this dilemma."
Not sure what foresight it takes to know that as one of the poorest countries in the world, no one is impressed. What's worse, Maseratis aren't exactly abundant in the Papua New Guinea auto lots, so they had to buy them in Sri Lanka and fly into the country on a jumbo jet. The bill for airborne 40 Maseratis and three Bentley Flying Spurs is likely more than any of their residents will make in their lifetime.
However, the person responsible for the fault has long been gone and the cars have to go, not least the appearance is just terrible. Each car was bought for $ 142,000 and they sell for $ 114,000, and they're all likely to be barely used. There are 300 some strange other cars in stock so it's just really great money management.
Sign up for the Motorious newsletter. For the latest news, follow us on Facebook, Twitter and Instagram.
You should check here to buy the best price guaranteed products.
Nikola Jokic with a buzzer beater vs the Phoenix Suns
Futures Consolidate as Rally Cools Down
The PL Fest shows 'growth' of soccer in the U.S.
Sierra Vista Resources MD Pat Markey on Energy Crisis
HSBC Private Banking & Wealth Mgmt. James Cheo on Markets Strategy
UBS India Head of Global Banking Anuj Kapoor Investing in India