230-mph supercar ruled unsafe for kids
Regulators block the sale of the $1.2 million vehicle in the U.S.
This post comes from Des Toups at partner site CarInsurance.com.
Scratch the exotic Pagani Huayra supercar from your shopping list. The $1.2 million two-seater cannot be sold in the U.S., safety regulators have decided.
The reason: Airbags in the 230-mph car are not safe for small children.
The National Highway Traffic Safety Administration announced last week that it would not grant a waiver to the Italian company, which had hoped to sell five cars in the U.S. next year. The agency in the past had routinely granted waivers for small-volume manufacturers such as Lamborghini; earlier this year it announced it would stop doing so.
The rule in question requires "advanced" airbags that tailor their deployment to the weight of the passenger, preventing airbag-inflicted injuries to smaller adults and children. Pagani said in its February appeal that upgrading the Huayra's airbags would cost about $5.6 million. Post continues after video.
For the curious: With 20% down and a five-year loan at 5%, monthly payments on a Huayra would run about $18,141, though with annual mileage estimated at 2,500 we're sure that attractive low-mileage lease offers on this 700-horsepower machine are available. (How much car can you afford? See MSN Money's calculator.)
And though you'd have a hard time getting insurance coverage through a traditional insurer, specialists would charge about $20,000 to $22,000 a year for a daily-driven vehicle. (See "How do you insure a $1.2 million supercar?")
Just don't ask for the airbag discount.
More on CarInsurance.com and MSN Money:
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
ABOUT SMART SPENDING
LATEST BLOG POSTS
A financial expert recommends changing the question -- and when you do, the answer may surprise you.
VIDEO ON MSN MONEY
BLOGS WE LIKE
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'