Man Trades Veyron for a Vette!
Outnumbered at home
Joined: Jan 2001
Posts: 5,334
Likes: 1
From: MD
Original owner pays one million for car sells for 1.6 = 600k profit. New owner paid 1.6M and trades for 100k car = 1.5M loss? What am I missing?
Either way, as said above he took cash too.
Disinformation Terminator
Joined: Jun 2005
Posts: 1,930
Likes: 0
From: NorCal
C'mon guys, don't make me start the "reading-comprehension challenged" Car Talk jokes again. The article says the dealership wouldn't accept the trade until a buyer for the Veyron was secured, which is indeed what happened. Thus, a 3-way deal between Veyron seller, dealership, and Veyron buyer was constructed in which the dealership probably took a nice chunk out of the middle.
Dude didn't just roll up to the Chevy dealer, toss the keys Mike Tyson style to the sales manager and drive off in a ZR-1. The oil business may be awash in cash, but that doesn't mean those guys leave anything on the table. See the movie "There Will Be Blood" for a nice tutorial.
The market for Veyrons is very much international. It would otherwise have gone to auction or been pimped by any number of specialist dealers in Europe, Japan, etc.
-Mirror
Dude didn't just roll up to the Chevy dealer, toss the keys Mike Tyson style to the sales manager and drive off in a ZR-1. The oil business may be awash in cash, but that doesn't mean those guys leave anything on the table. See the movie "There Will Be Blood" for a nice tutorial.
-Mirror
Last edited by TheMirror; Feb 24, 2010 at 12:46 PM.
My Garage
Joined: Nov 2004
Posts: 13,386
Likes: 11
From: NY
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.
And your description of the car is biased because you don't like. You describe it as "automatic/ paddle shifters, v16 4 turbos," but apply your vette description to it and it's a 1001hp, turbocharged, v16. It's will take a shit on a ZR-1, and tha'ts no easy task. Also, we all know that manuals are no longer the be all, end all of transmissions.
I highly doubt that this move was made simply because he wanted the vette more than the Veyron. Idiots are not usually successful enough to be able to afford this kind of car.
Senior Moderator
Joined: Apr 2003
Posts: 47,710
Likes: 801
From: Toronto, Canada
C'mon guys, don't make me start the "reading-comprehension challenged" Car Talk jokes again. The article says the dealership wouldn't accept the trade until a buyer for the Veyron was secured, which is indeed what happened. Thus, a 3-way deal between Veyron seller, dealership, and Veyron buyer was constructed in which the dealership probably took a nice chunk out of the middle.
Dude didn't just roll up to the Chevy dealer, toss the keys Mike Tyson style to the sales manager and drive off in a ZR-1. The oil business may be awash in cash, but that doesn't mean those guys leave anything on the table. See the movie "There Will Be Blood" for a nice tutorial.
Dude didn't just roll up to the Chevy dealer, toss the keys Mike Tyson style to the sales manager and drive off in a ZR-1. The oil business may be awash in cash, but that doesn't mean those guys leave anything on the table. See the movie "There Will Be Blood" for a nice tutorial.
Burning Brakes
Joined: Aug 2008
Posts: 792
Likes: 5
20k miles is A LOT for a car like that. Most of them are hardly driven and sit in garages all the time.
I could see the upside. The Vette is more practical if the guy really wants the drive the car. Plus, maintenance could be a factor to. Availabililty of cost of parts on a Bugatti is huge. Break something on it, get ready to pay $20k in repairs. With the Vette you can get parts at any Chevy dealer for next to nothing compared to the Veyron.
I'm not a GM person, but when you look at the performance of the ZR1 for the price, it's hard to beat. Not many other cars in the world can match it, and none at around $100k either.
I could see the upside. The Vette is more practical if the guy really wants the drive the car. Plus, maintenance could be a factor to. Availabililty of cost of parts on a Bugatti is huge. Break something on it, get ready to pay $20k in repairs. With the Vette you can get parts at any Chevy dealer for next to nothing compared to the Veyron.
I'm not a GM person, but when you look at the performance of the ZR1 for the price, it's hard to beat. Not many other cars in the world can match it, and none at around $100k either.
Moderator
Joined: Jun 2006
Posts: 29,869
Likes: 3,489
Can't really drive the Veyron anywhere. The thing is fawkin huge, and as mentioned, maintenance costs. I have no idea on the reliability but still, I'm sure its cheaper to maintain a ZR1 at any rate. Last time I saw Fifth Gear they said the Veyron handle pretty well for a car of its size but it was no ballerina.
The only time I'd really bring out a Veyron, if I had one would be to mess with people on the highway whose egos were bigger than their brains.
The only time I'd really bring out a Veyron, if I had one would be to mess with people on the highway whose egos were bigger than their brains.
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.
Disinformation Terminator
Joined: Jun 2005
Posts: 1,930
Likes: 0
From: NorCal
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.
Suzuka Master
Joined: Aug 2006
Posts: 6,030
Likes: 4
I don't get why he wouldn't just buy the ZR1....i'm sure $100,000 to him is like $1,000 to any of us 
Its not like the ZR1 is super rare / hard to get ahold of.
Or this could be hype for the dealership...which is what i'm leaning towards.
Its not like the ZR1 is super rare / hard to get ahold of.Or this could be hype for the dealership...which is what i'm leaning towards.
Suzuka Master
Joined: Aug 2006
Posts: 6,030
Likes: 4
Can't really drive the Veyron anywhere. The thing is fawkin huge, and as mentioned, maintenance costs. I have no idea on the reliability but still, I'm sure its cheaper to maintain a ZR1 at any rate. Last time I saw Fifth Gear they said the Veyron handle pretty well for a car of its size but it was no ballerina.
The only time I'd really bring out a Veyron, if I had one would be to mess with people on the highway whose egos were bigger than their brains.
The only time I'd really bring out a Veyron, if I had one would be to mess with people on the highway whose egos were bigger than their brains.
Moderator
Joined: Jun 2006
Posts: 29,869
Likes: 3,489
Like I said..... freeway runs.
The dealer only accepted the trade because they had a buyer for the Bugatti. Mr. Veyron didn't just fork over the keys in exchange for the ZR1. It was mentioned a couple times in this thread.
Joined: Oct 2007
Posts: 1,038
Likes: 0
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?
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?
go to school. no where does it say that, and the only idiot here is one that would assume that.
An idiot is someone who expects a Veyron to be a driver's car
where?
where?
Last edited by enigmaos; Feb 26, 2010 at 11:44 PM.
Someday, an RS6 Avant+
Joined: Sep 2005
Posts: 4,817
Likes: 1,301
From: Japan
Maybe we all misread this and the guy traded his Bugatti for 10 ZR1 Corvettes.....
...Really..... It's obvious this was a deal that had a lot of moving parts other than the trade itself.
...Really..... It's obvious this was a deal that had a lot of moving parts other than the trade itself.
Last edited by mrmako; Mar 1, 2010 at 04:28 AM.
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.
that guy is living in a different world from the majority of us... his logic is not ours... LOL... plus, those are some sweet vettes.... saw one of those ZR-1's at the dealership last time I was there getting the subbi's oil changed...