Lil Wayne's 16-year-old daughter can put a bumper sticker on her new BMW that reads, "My other car is a Ferrari!"
It's insane ... Reginae Carter celebrated her Sweet 16 in Atlanta with a baller party featuring a mini-concert by Nicki Minaj, as Kandi Burruss, Tiny Harris and Fantasia Barrino looked on.
And get this ... Reginae scored a Ferrari GTO ... AND a BMW.
Unclear if each of her parents bought her a car -- Toya Wright was also there with husband Memphitz.
There will be some serious shaming Monday in the school parking lot.