Johns PkI / Splash News 1 / 7
Johns PkI / Splash News 1 / 7

Talk about a sweet 16.

For his 16th birthday, Diddy gave his son Justin Dior Combs a brand-new silver Maybach (price tag: $360,000).

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The teen received the wheels at a lavish bash Saturday night at M2 Ultralounge club in NYC. (Among the guests: Jersey Shore stars Paul "Pauly D" Delvecchio, Nicole "Snooki" Polizzi and rapper Lil' Kim.)

Diddy, 40, also gave his son a $10,000 check to open a bank account. (For the record, Justin is donating it all to Haiti relief.)

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"I'm just ecstatic right now," Justin told at his party, which will be featured on an upcoming episode of MTV's My Super Sweet 16. "Words can't even describe how I feel. I'm so blessed and thankful for all of this."

Diddy said his son's elaborate bash is in stark contrast to how he celebrated his 16th birthday back in the day.

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"I don't think I even had a party!" Diddy told Us. "I think I had a cake -- and that was it!"

But Diddy said he was happy to open his wallet for Justin (whose mother is Diddy's ex, Misa Hylton-Brim).

Diddy told Us he's so happy how his son "has grown and matured ... how well-behaved he is; how respectful of a kid he is. It just makes me proud."

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