Man Trades Veyron for a Vette!
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AZ O.G NoOldManVetteOwner
Joined: Mar 2001
Posts: 2,074
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From: NJ/NYC
Man Trades Veyron for a Vette!
Pretty Crazy....link:
http://jalopnik.com/5478280/
"A Texas Chevy dealer just accepted the trade-in of a red-on-black $1.6 million Bugatti Veyron for a $100,000 Chevy Corvette ZR1. We knew the fiercest of all 'Vettes was a world-beater, but this is ridiculous! Exclusive details below.
All American Chevrolet of Midland, Texas just made the mother-of-all-trades when it accepted a Euro-bombing 2008 Bugatti Veyron with just 20,307 miles for an unabashedly American Corvette ZR1. A new Veyron lists for about $1.6 million and a used one still costs in the range of $1.4 to $3.6 million depending on condition, trim, and rarity. A new Corvette ZR1, by comparison, starts at around $107,000.
And while the Corvette ZR1 only does 0-to-60 MPH in 3.3 seconds with a top speed of 205 MPH, compared to a 253 MPH top speed and 2.4-second 0-to-60 time, it doesn't cost more to run the ZR1 than to operate a private jet. Chalk that up in the win column because it certainly does with the Bugatti. Also, the Bugatti doesn't have the righteousness of an American-built supercar."
http://jalopnik.com/5478280/
"A Texas Chevy dealer just accepted the trade-in of a red-on-black $1.6 million Bugatti Veyron for a $100,000 Chevy Corvette ZR1. We knew the fiercest of all 'Vettes was a world-beater, but this is ridiculous! Exclusive details below.
All American Chevrolet of Midland, Texas just made the mother-of-all-trades when it accepted a Euro-bombing 2008 Bugatti Veyron with just 20,307 miles for an unabashedly American Corvette ZR1. A new Veyron lists for about $1.6 million and a used one still costs in the range of $1.4 to $3.6 million depending on condition, trim, and rarity. A new Corvette ZR1, by comparison, starts at around $107,000.
And while the Corvette ZR1 only does 0-to-60 MPH in 3.3 seconds with a top speed of 205 MPH, compared to a 253 MPH top speed and 2.4-second 0-to-60 time, it doesn't cost more to run the ZR1 than to operate a private jet. Chalk that up in the win column because it certainly does with the Bugatti. Also, the Bugatti doesn't have the righteousness of an American-built supercar."
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Full-Time IDIoT---DoH!!!
Joined: Jan 2002
Posts: 4,654
Likes: 16
From: DUMB ISLAND
IMO, the former owner of the bugatti wasnt a true enthusiast as he must have thought the resale and future value of his bugatti was questionable....
lets say the original bugatti owner paid 1 million for the car when it 1st came out, if he accepted 1.6 million 4 his bugatti, he profited 600 grand and minus his zr1, he is still ahead 500 grand...not bad 4 putting 20 grand in mileage on a Bugatti
DSFDF
lets say the original bugatti owner paid 1 million for the car when it 1st came out, if he accepted 1.6 million 4 his bugatti, he profited 600 grand and minus his zr1, he is still ahead 500 grand...not bad 4 putting 20 grand in mileage on a Bugatti
DSFDF
Racer
Joined: Oct 2006
Posts: 288
Likes: 9
Maybe he got rid of other cars on ebay?
Or, the whole thing is just a marketing ad from the Chevy dealer.
S E L L
Joined: May 2007
Posts: 12,768
Likes: 51
From: Modesto, CA
UPDATE: The Bugatti traded in belonged to Carlton Beal, Jr., who runs a petroleum company in Midland Texas. He's previously owned a Lamborghini Diablo and McLaren F1 but, despite this, a friend of his describes him as an "amazing down-to-earth person." We'd imagine if you've sampled a Veyron, Diablo and F1 you'd be interested in also trying an American-made car that can compete with them.
here is a though, why not keep the Veyron and buy the ZR1?
'Big Daddy Diggler'
Joined: Jun 2001
Posts: 11,016
Likes: 4
From: Yonkers NY
Senior Moderator
Joined: Apr 2003
Posts: 47,710
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From: Toronto, Canada
Somethings not right. I'm going to presume someone who runs a petroleum company isn't an idiot and would have liked to get some of his money back after likely spending over a million for the Veyron.
I'm sure he knows he could have sold it privately for much more. Only thing I can think of is that he has so much money he didn't want to bother with the hassle of selling it.
I'm sure he knows he could have sold it privately for much more. Only thing I can think of is that he has so much money he didn't want to bother with the hassle of selling it.
Safety Car
Joined: Jul 2008
Posts: 4,068
Likes: 111
From: NYC
Somethings not right. I'm going to presume someone who runs a petroleum company isn't an idiot and would have liked to get some of his money back after likely spending over a million for the Veyron.
I'm sure he knows he could have sold it privately for much more. Only thing I can think of is that he has so much money he didn't want to bother with the hassle of selling it.
I'm sure he knows he could have sold it privately for much more. Only thing I can think of is that he has so much money he didn't want to bother with the hassle of selling it.
Fahrvergnügen'd
Joined: Mar 2001
Posts: 13,494
Likes: 1,569
From: Maryland
Maybe the guy bought the car at Performance Auto Sales?
You know, the nation's premier retailer of salvaged exotics? Like ones driven into lagoons?
I seriously doubt a car dealer has that kind of liquidity. So the "trade-in" was probably an arranged purchase by a wholesaler.
I still think something's fishy.
You know, the nation's premier retailer of salvaged exotics? Like ones driven into lagoons?
I seriously doubt a car dealer has that kind of liquidity. So the "trade-in" was probably an arranged purchase by a wholesaler.
I still think something's fishy.
Safety Car
Joined: Jun 2006
Posts: 3,995
Likes: 148
From: San Antonio, TX
Finding someone to buy that car out right will take a lot longer than a car that is around $30k. Not many have money like that, and they won't be knocking on the door often. So he probably didn't want to wait.
Not Registered
Joined: Feb 2002
Posts: 5,831
Likes: 87
From: Virginia
A Veyron with those miles is probably an $800,000 car. Buy ZR1 for $100,000 and get back $700,000. I bet the dealer already has a buyer lined up, because most don't have $700,000 or whatever he got for the trade laying around.
All American Chevrolet of Midland, Texas just made the mother-of-all-trades when it accepted a Euro-bombing 2008 Bugatti Veyron with just 20,307 miles for an unabashedly American Corvette ZR1 and some cash. Since a new Veyron lists for about $1.6 million and a used one still costs in the range of $1.4 to $3.6 million depending on condition, trim, and rarity, the dealership told us they wouldn't accept the trade-in until they lined up a buyer, which they did. A new Corvette ZR1, by comparison, starts at around $107,000.
All American Chevrolet of Midland, Texas just made the mother-of-all-trades when it accepted a Euro-bombing 2008 Bugatti Veyron with just 20,307 miles for an unabashedly American Corvette ZR1 and some cash. Since a new Veyron lists for about $1.6 million and a used one still costs in the range of $1.4 to $3.6 million depending on condition, trim, and rarity, the dealership told us they wouldn't accept the trade-in until they lined up a buyer, which they did. A new Corvette ZR1, by comparison, starts at around $107,000.
Last edited by Bdog; Feb 24, 2010 at 08:44 AM.
Safety Car
Joined: Jul 2008
Posts: 4,068
Likes: 111
From: NYC
Maybe the guy bought the car at Performance Auto Sales?
You know, the nation's premier retailer of salvaged exotics? Like ones driven into lagoons?
I seriously doubt a car dealer has that kind of liquidity. So the "trade-in" was probably an arranged purchase by a wholesaler.
I still think something's fishy.
You know, the nation's premier retailer of salvaged exotics? Like ones driven into lagoons?
I seriously doubt a car dealer has that kind of liquidity. So the "trade-in" was probably an arranged purchase by a wholesaler.
I still think something's fishy.
Yeah, good luck selling that car in Texas or anywhere close to there. VERY few people have that kind of money nowadays.
TellinItLikeItIsSince1/06
Joined: Jan 2006
Posts: 2,950
Likes: 30
From: Illinois
GUYS ITS REALLY SIMPLE: this man is a "driver" (he put 20,000miles on an '08 veyron!!), so he's not just some rich man who wants a ridiculous car. with that explanation, you can see why someone would want a 6 speed manual transmission mated to a 638HP supercharged v8 in a nose heavy yet balanced coupe! thats driving!
the veyron? i hate the car. its like that gigantic ugly mansion that a rich man owns just to say he owns and can afford it. it is not a driver's car at all! automatic/ paddle shifters, v16 4 turbos, wtf is that?
so if he wanted to get rid of it for a real sports car, im wondering why he didn't sell it on the street for more. answer: probably has so much money doesn't care. also, do dealers really have that much capital lying around? thats the detail thats throwing me off.
go to school. no where does it say that, and the only idiot here is one that would assume that.
the veyron? i hate the car. its like that gigantic ugly mansion that a rich man owns just to say he owns and can afford it. it is not a driver's car at all! automatic/ paddle shifters, v16 4 turbos, wtf is that?
so if he wanted to get rid of it for a real sports car, im wondering why he didn't sell it on the street for more. answer: probably has so much money doesn't care. also, do dealers really have that much capital lying around? thats the detail thats throwing me off.
go to school. no where does it say that, and the only idiot here is one that would assume that.
