Last 30th Anniversary BMW M5 sold for $700,000 to Rick Hendrick

phoenixbmwlife · 01-16-2015, 12:34 PM

Quote:

Originally Posted by Piotr74656

Welcome to the billionaire club. To the above posts, I do not think that he needs to justify the price, so long that he gets what is desired.

Precisely!

Alpine F31 · 01-16-2015, 12:37 PM

Quote:

Originally Posted by MRV99

Why is he an idiot or dumbass?? He is a massively successful business man and he is worth a BILLION dollars.

700k is practically a rounding error on his net worth. This was for CHARITY and Rick does massive amounts of charity contributions every year. Some people just write a check, others GROSSLY over pay for a car in the name of charity. If you ask me it's a double win, he gets a car, charity gets a fat check.

Excellent post.

kwike92 · 01-16-2015, 12:38 PM

Quote:

Originally Posted by erichighley

He's worth north of $1 billion. That decision hurt his pocket about as much as your decision to fill up gas today hurt yours.

Bahahahahahaha so true. Hahahaha

mu2002cs · 01-16-2015, 12:39 PM

This was a charity auction benefiting the BMW CCA Foundation, specifically its Teen Street Survival Program. The Foundation is very pleased to have the support of people like Mr Hendick, who believes in this cause. As a charity auction, the Foundation receives 100% of the proceeds. Mr Hendrick receives a cool car and a tax deduction for everything over MSRP. It's a win-win! Also, Barrett-Jackson does not take a commission for this auction. In fact, they are the leader in charity auctions. This week Barrett Jackson will hold a dozen charity auctions for very good causes. The Foundation thanks Mr Hendrck, Barrett Jackson, Mr Willisch and all of the people behind the scenes at BMW NA and the BMW CCA Foundation for making this a very successful auction

To learn more about Street Survival streetsurvival.org

Respectfully,
Mike Ura
VP and Trustee
BMW CCA Foundation - Saving lives, Saving History

Hisam135i · 01-16-2015, 12:42 PM

Go everyone freaking out about the cost. He's worth over 1 billion. But for fun lets do some math:

700000/1000000000 = .0007.
If we multiply that by the average Americas wealth of 250000
.0007*250000= 175.

So he just spent $175.

Doctor///M · 01-16-2015, 12:44 PM

^ this, and I'm actually startled at the forum hate!

pokerface · 01-16-2015, 12:44 PM

I don't really see this as a $700,000 purchase.

More like $150 with a $550 donation.

WVUDrJay · 01-16-2015, 12:45 PM

Some of the posts in this thread are pathetic.

1. It's his money, he can do what he wants. He earned it by building a successful car and racing empire.

2. He employs thousands of people because he is successful.

3. That money went to a worthy charity, but if he paid that for retail it's still his money.

4. The venom spit at a successful person who is rich in my opinion is sad. He is obviously really good at what he does. I assume the hatred is thinly veiled jealousy. Who would not want to be a billionaire?

RossBMWZseries · 01-16-2015, 12:45 PM

It is a lot of money, that M5 isn't worth $700, but if I had that type of $$$, and did it for charity, I wouldn't mind owning this beast. Besides, the guy is a crazy car collector

turbologist · 01-16-2015, 12:45 PM

It's for a good cause, why not

Tisaksen · 01-16-2015, 12:46 PM

Thats weird. Theres still one for sale at Crevier bmw, Lol. Guy got ripped off

liang · 01-16-2015, 12:49 PM

Quote:

Originally Posted by heart_doctor

He's better off writing a check. He can't deduct it because he got something in return. I understand the whole charity thing but the only person who can deduct is whoever donated the car. The purchaser cannot deduct from their taxes.

Sure buddy

fndrsn · 01-16-2015, 12:53 PM

LOL people actually believe he gives a damn about his tax returns, especially on a "measly" 700k purchase? He made his money, he can do with it as he pleases, , and it's awesome that he regularly gives such large amounts of money to charities in this manner!

DrewM5 · 01-16-2015, 01:01 PM

Quote:

Originally Posted by heart_doctor

He's better off writing a check. He can't deduct it because he got something in return. I understand the whole charity thing but the only person who can deduct is whoever donated the car. The purchaser cannot deduct from their taxes.

That is not accurate at all. He can fully deduct the difference between the amount he paid and the value of what he received. It is not binary.

frankrs · 01-16-2015, 01:07 PM

Quote:

Originally Posted by MRV99

Why is he an idiot or dumbass?? He is a massively successful business man and he is worth a BILLION dollars.

700k is practically a rounding error on his net worth. This was for CHARITY and Rick does massive amounts of charity contributions every year. Some people just write a check, others GROSSLY over pay for a car in the name of charity. If you ask me it's a double win, he gets a car, charity gets a fat check.

+1

Doctor///M · 01-16-2015, 01:08 PM

Quote:

Originally Posted by Tisaksen

Thats weird. Theres still one for sale at Crevier bmw, Lol. Guy got ripped off

Dang, true dat. It's a steal at $139,600! I think Creview has their facts wrong too, it should be 1 of 30 in the US, they're referring to the worldwide production number.

Quote:

******SPECIAL EDITION JAHRE 30TH ANNIVERSARY M5***** ONE OF 300 IN THE UNITED STATES! 40 MORE HP AND 16LB-FT TORQUE THAN THE STANDARD M5.

RingMeister01 · 01-16-2015, 01:15 PM

The depreciation on that thing

itzryyster · 01-16-2015, 01:15 PM

Quote:

Originally Posted by WVUDrJay

Some of the posts in this thread are pathetic.

1. It's his money, he can do what he wants. He earned it by building a successful car and racing empire.

2. He employs thousands of people because he is successful.

3. That money went to a worthy charity, but if he paid that for retail it's still his money.

4. The venom spit at a successful person who is rich in my opinion is sad. He is obviously really good at what he does. I assume the hatred is thinly veiled jealousy. Who would not want to be a billionaire?

I agree. Can't believe some of the things people are saying. Now that's pathetic.

crex · 01-16-2015, 01:26 PM

Quote:

Originally Posted by MRV99

Why is he an idiot or dumbass?? He is a massively successful business man and he is worth a BILLION dollars.

700k is practically a rounding error on his net worth. This was for CHARITY and Rick does massive amounts of charity contributions every year. Some people just write a check, others GROSSLY over pay for a car in the name of charity. If you ask me it's a double win, he gets a car, charity gets a fat check.

agreed!

pooyab · 01-16-2015, 01:31 PM

You guys are going crazy over a $700k purchase of a car valued at $150k.
How about his three $1M purchases of a standard stingray, stingray convertible and Z06. $3M spent on things valued at ~$200k.
Of course that was for charity too, which is a good thing, but if you want to say he was dumb for overpaying, the corvettes seem like the ones to whine about.

M3 Adjuster · 01-16-2015, 01:32 PM

Quote:

Originally Posted by ZEEM3R

The word "dumbass" doesn't even begin to describe this.

What about the words. " Donation to charity ? ". There's a dumbass here... But it's not Rick Hendrick or myself...

Lamboblue · 01-16-2015, 01:36 PM

Did anyone catch the president of BMWNA introduce it? He had no idea what the colour of the car was despite being heavily involved in its development. "It's a dark, metallic silver.. Or matte silver I should say." ... I mean c'mon... You should know to call it Dark Frozen Silver.

Further, he had no idea who the charity reps were standing behind him. "Uhh, they're here to support BMW."

Brutal...

01-16-2015, 12:39 PM	#26
mu2002cs Private First Class 111 Rep 182 Posts Drives: i8 Join Date: May 2014 Location: Texas iTrader: (0)	This was a charity auction benefiting the BMW CCA Foundation, specifically its Teen Street Survival Program. The Foundation is very pleased to have the support of people like Mr Hendick, who believes in this cause. As a charity auction, the Foundation receives 100% of the proceeds. Mr Hendrick receives a cool car and a tax deduction for everything over MSRP. It's a win-win! Also, Barrett-Jackson does not take a commission for this auction. In fact, they are the leader in charity auctions. This week Barrett Jackson will hold a dozen charity auctions for very good causes. The Foundation thanks Mr Hendrck, Barrett Jackson, Mr Willisch and all of the people behind the scenes at BMW NA and the BMW CCA Foundation for making this a very successful auction To learn more about Street Survival streetsurvival.org Respectfully, Mike Ura VP and Trustee BMW CCA Foundation - Saving lives, Saving History
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01-16-2015, 12:42 PM	#27
Hisam135i Major 54 Rep 1,166 Posts Drives: 335i Join Date: Dec 2010 Location: Irvine, CA iTrader: (0)	Go everyone freaking out about the cost. He's worth over 1 billion. But for fun lets do some math: 700000/1000000000 = .0007. If we multiply that by the average Americas wealth of 250000 .0007*250000= 175. So he just spent $175. __________________ 2008 Monaco Blue 335i \| Terracotta \| Premium \| Auto \| Comfort Access \| Matte-black Grills \| Carbon Fiber Splitters \| 20% Tint \| 1- point E9x Picture Game \| Staggered 19' VMR V701 \| Legal Disclaimer: My posts on this website cannot be held against me in any issues, such as warranty claims. \|
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01-16-2015, 12:44 PM	#28
Doctor///M Brigadier General 1792 Rep 4,216 Posts Drives: 2023 AUDI RS6 Join Date: Feb 2012 Location: USA iTrader: (14) Garage List 2023 Audi RS6 Avant [0.00] BMW M2 Competition [10.00] 2009 BMW 335i [0.00] 2015 M3 [9.52]	^ this, and I'm actually startled at the forum hate! __________________ 2020 F87 M2 Competition /l\ LBB /i\ Executive Package 2013 E70 X5M /l\ Space Grey /i\ Full Silverstone Leather /l\ LED Headlights /i\ Comfort Access /l\ HUD /i\ Ventilated Seats /l\ 22" BBS SV BMW CCA Member
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01-16-2015, 12:44 PM	#29
pokerface Colonel 430 Rep 2,527 Posts Drives: F25 X3 N20 / F80 ZCP Join Date: Apr 2006 Location: Toronto iTrader: (1)	I don't really see this as a $700,000 purchase. More like $150 with a $550 donation.
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01-16-2015, 12:45 PM	#30
WVUDrJay Captain 262 Rep 658 Posts Drives: 2015 M4 Join Date: Jul 2014 Location: West Virginia iTrader: (0)	Some of the posts in this thread are pathetic. 1. It's his money, he can do what he wants. He earned it by building a successful car and racing empire. 2. He employs thousands of people because he is successful. 3. That money went to a worthy charity, but if he paid that for retail it's still his money. 4. The venom spit at a successful person who is rich in my opinion is sad. He is obviously really good at what he does. I assume the hatred is thinly veiled jealousy. Who would not want to be a billionaire? Attached Images __________________ 2015 Alpine white M4\black leather, carbon fiber trim,manual,exec package, 19 inch black rims, M suspension, HK stereo, LED lighting
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01-16-2015, 12:45 PM	#31
RossBMWZseries Major 224 Rep 1,130 Posts Drives: '11 E92 328i LCI & '06 Z4MR Join Date: Jun 2014 Location: San Juan TX iTrader: (1) Garage List 2006 BMW Z4M Roadster [7.00]	It is a lot of money, that M5 isn't worth $700, but if I had that type of $$$, and did it for charity, I wouldn't mind owning this beast. Besides, the guy is a crazy car collector
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01-16-2015, 12:45 PM	#32
turbologist Emperor 30 Rep 427 Posts Drives: tricycle Join Date: Jul 2009 Location: NoVA iTrader: (0)	It's for a good cause, why not
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01-16-2015, 12:46 PM	#33
Tisaksen Second Lieutenant 38 Rep 200 Posts Drives: M3cs Join Date: Sep 2010 Location: Newport Coast iTrader: (0)	Thats weird. Theres still one for sale at Crevier bmw, Lol. Guy got ripped off
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01-16-2015, 12:53 PM	#35
fndrsn Private First Class 111 Rep 183 Posts Drives: Nothing...yet! Join Date: May 2012 Location: Netherlands iTrader: (0)	LOL people actually believe he gives a damn about his tax returns, especially on a "measly" 700k purchase? He made his money, he can do with it as he pleases, , and it's awesome that he regularly gives such large amounts of money to charities in this manner!
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01-16-2015, 01:15 PM	#39
RingMeister01 Croatian 884 Rep 3,613 Posts Drives: PORSCHE Join Date: Dec 2012 Location: NYC iTrader: (0) Garage List '18 Panamera Turbo [0.00] '17 991.2 Carrera G ... [0.00]	The depreciation on that thing __________________ NARDO GREY '18 PANAMERA TURBO Ducati V4 S Corse (track only) Husqvarna FS450 (track only) Looking for an SUV
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01-16-2015, 01:31 PM	#42
pooyab Major 330 Rep 1,158 Posts Drives: 2011 BMW M3 2020 BMW M5C Join Date: Jan 2014 Location: Bay Area, CA iTrader: (2) Garage List 2011 BMW M3 [0.00]	You guys are going crazy over a $700k purchase of a car valued at $150k. How about his three $1M purchases of a standard stingray, stingray convertible and Z06. $3M spent on things valued at ~$200k. Of course that was for charity too, which is a good thing, but if you want to say he was dumb for overpaying, the corvettes seem like the ones to whine about. __________________ Interlagos Blue/Speed Cloth \| BayOptiks DTM Headlights \| Alpine Stage 2 \| KW Clubsport \| Resonated X-Pipe \| Eisenmann Race \| StopTech BBK \| TE37SL \| YFCM CF Driveshaft \| Hotchkis F/R Sways \| F/R Endlinks \| Turner Control Arms and Front Tension Bushings \| Powerflex Diff Bushings \| Turner Solid Subframe Bushings \| MS Underdrive Pulley and Intake \| Alpine DCT Tune \| Karbonius Intake \| Carbon Roof (TBD)
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01-16-2015, 01:36 PM	#44
Lamboblue Bad Motherfucker 3 Rep 77 Posts Drives: 2009 E92 AW Join Date: Jul 2011 Location: Calgary iTrader: (0) Garage List 1991 Acura Integra [0.00] 2009 BMW E92 335i [0.00]	Did anyone catch the president of BMWNA introduce it? He had no idea what the colour of the car was despite being heavily involved in its development. "It's a dark, metallic silver.. Or matte silver I should say." ... I mean c'mon... You should know to call it Dark Frozen Silver. Further, he had no idea who the charity reps were standing behind him. "Uhh, they're here to support BMW." Brutal...
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