Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums - Camaro5.com
 
Dynomax Exhaust
Go Back   Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums - Camaro5.com > General Camaro Forums > 5th Gen Camaro SS LS LT General Discussions


Reply
 
Thread Tools
Old 10-02-2010, 12:19 PM   #43
1FREESS
 
1FREESS's Avatar
 
Drives: 2011 2SS/RS Silver
Join Date: Sep 2010
Location: Northern California
Posts: 64
Quote:
Originally Posted by CUPRA View Post
Congratulations 1FREESS!

I won the iPad I'm typing this on from Classic Chevrolet about a month before I picked up my Camaro, then won a $100 gift card from them as well about 3 weeks later! That went towards the tint on my Camaro 2SS/RS!

Does that count?

That's awesome! Congratulations!! I've never won anything before. It's cool to win anything at all!
1FREESS is offline   Reply With Quote
Old 10-02-2010, 12:23 PM   #44
1FREESS
 
1FREESS's Avatar
 
Drives: 2011 2SS/RS Silver
Join Date: Sep 2010
Location: Northern California
Posts: 64
Quote:
Originally Posted by KMPrenger View Post
Ugh...sickening.

A person rightfully wins an extravagant prize..that should be almost completely free but the government swoops in and says "ooo lookie lookie...another way we can squeeze money from the sheep!! Gimmie Gimmie!!"

Yes! I totally agree! The government always has to get their share...I heard some people are turning down prizes on game shows, such as cars, because they can't afford the taxes on them. Now, Wheel of Fortune is giving an extra $5000 with any car someone wins to help cover these costs.

I'm still worried about how I'm going to pay the income tax next year. I may have to sell it, just to cover that. :(
1FREESS is offline   Reply With Quote
Old 10-02-2010, 12:31 PM   #45
jeepguy_1980

 
jeepguy_1980's Avatar
 
Drives: 2010 Camaro 1SS
Join Date: May 2010
Location: Newport News
Posts: 1,311
Quote:
Originally Posted by 1FREESS View Post
Yes! I totally agree! The government always has to get their share...I heard some people are turning down prizes on game shows, such as cars, because they can't afford the taxes on them. Now, Wheel of Fortune is giving an extra $5000 with any car someone wins to help cover these costs.

I'm still worried about how I'm going to pay the income tax next year. I may have to sell it, just to cover that. :(
Don't most contests have a cash value option?

Either way, I can't imagine turning down a prize. Taxes aren't due until the following year, which give you plenty of time to at least sell the prize, pay your taxes, and keep the difference.
jeepguy_1980 is offline   Reply With Quote
Old 10-02-2010, 01:09 PM   #46
mxkx250
 
mxkx250's Avatar
 
Drives: 12 ZL1, 98 Camaro SS, 67 RS/SS
Join Date: Mar 2008
Location: Morgantown, WV
Posts: 369
Send a message via Yahoo to mxkx250
Quote:
I'm still worried about how I'm going to pay the income tax next year. I may have to sell it, just to cover that.

Just go and get a car loan for the amount of the income tax. Shouldn't have any problems since the value will be so high.
mxkx250 is offline   Reply With Quote
Old 10-02-2010, 01:50 PM   #47
v6sonoma


 
v6sonoma's Avatar
 
Drives: 2010 SS RS
Join Date: Jun 2009
Location: Providence, RI
Posts: 8,075
Well thats pretty bad@$$! Good for you!
__________________

Mods: BBK Intake, BBK LT's and High Flow Cats, Corsa Cat-back exhaust, Hurst short throw shifter, SLP skip-shift eliminator.

7/1/09 Placed order for IOM/IO int/ SS/RS 6M
9/26/09 Took delivery!
v6sonoma is offline   Reply With Quote
Old 10-02-2010, 01:55 PM   #48
1FREESS
 
1FREESS's Avatar
 
Drives: 2011 2SS/RS Silver
Join Date: Sep 2010
Location: Northern California
Posts: 64
Quote:
Originally Posted by mxkx250 View Post
Just go and get a car loan for the amount of the income tax. Shouldn't have any problems since the value will be so high.

Can you get a car loan on a car that's paid for, 6 months after you got the car? I've never heard of anything like that.
1FREESS is offline   Reply With Quote
Old 10-02-2010, 03:23 PM   #49
jeepguy_1980

 
jeepguy_1980's Avatar
 
Drives: 2010 Camaro 1SS
Join Date: May 2010
Location: Newport News
Posts: 1,311
Quote:
Originally Posted by 1FREESS View Post
Can you get a car loan on a car that's paid for, 6 months after you got the car? I've never heard of anything like that.

People refinance all the time. From the bank's point of view, they'll have about $30k in collateral, for a $10k loan.
jeepguy_1980 is offline   Reply With Quote
Old 10-02-2010, 04:21 PM   #50
Wink2010
 
Wink2010's Avatar
 
Drives: 2010 2SS/RS LS3
Join Date: Jul 2010
Location: Macedon, NY
Posts: 43
Quote:
Originally Posted by jeepguy_1980 View Post
Don't most contests have a cash value option?

Either way, I can't imagine turning down a prize. Taxes aren't due until the following year, which give you plenty of time to at least sell the prize, pay your taxes, and keep the difference.
The JEGS Sweepstakes did have an optional $20K or the car. I figured that $20K minus taxes would be probably around $15K or less but the Camaro will be worth twice that after income taxes. With the $15K I'd probably blow it on windows or something practical and forget about winning. Besides...I got a Camaro SS to play with!
__________________
2010 JEGS Sweepstakes Winner! JBA Axle Back, HalltechYellow Jacket, Adaptive Performance Skip Shift, Elite Catch Can, BMR Trailing Arms, Clutch Fluid Reservoir

Wink2010 is offline   Reply With Quote
Old 10-02-2010, 04:29 PM   #51
Mr.CamaroRS
 
Mr.CamaroRS's Avatar
 
Drives: 2010 Summit White Camaro R.S.
Join Date: Jun 2010
Location: Northeast San Antonio
Posts: 205
haha there are plenty of ways of getting these kinda things financed.......
Mr.CamaroRS is offline   Reply With Quote
Old 10-02-2010, 06:16 PM   #52
1FREESS
 
1FREESS's Avatar
 
Drives: 2011 2SS/RS Silver
Join Date: Sep 2010
Location: Northern California
Posts: 64
Quote:
Originally Posted by jeepguy_1980 View Post
Don't most contests have a cash value option?

Either way, I can't imagine turning down a prize. Taxes aren't due until the following year, which give you plenty of time to at least sell the prize, pay your taxes, and keep the difference.
Some do....but this one didn't. Just my pick of 5 different Chevys and a trip to meet Brad Paisley and see his concert anywhere he was on tour.

Camaro has been my dream car for many years, so I'm so excited to get one!!
1FREESS is offline   Reply With Quote
Old 10-02-2010, 06:52 PM   #53
Ridindirty
 
Ridindirty's Avatar
 
Drives: 2010 SW 2SS/RS
Join Date: Apr 2010
Location: Smyrna GA
Posts: 130
Congratulations and welcome to the Elite group of Camaro owners!
__________________
2010_2SS/RS-LS3/M6>Summit White --CAI / Magnaflow Catback

"Second place is the first looser"
Ridindirty is offline   Reply With Quote
Old 10-02-2010, 09:24 PM   #54
SA CHEVY
"HILLARY"
 
SA CHEVY's Avatar
 
Drives: "HILLARY" :D
Join Date: Mar 2010
Location: Bakersfield
Posts: 1,923
Congrats 1FREESS, I've had the pleasure of getting to meet Brad and Dierks when they came to Bakersfield a while back and both real great down to earth guys that like to have a good time that's for sure haha...glad you picked up your car for cheaper than the rest of us and know you'll enjoy it! Be sure to send pictures as soon as you pick her up and enjoy!!
__________________
2010 Camaro SS2 L99 Aircharger, Straightpiped, DT long tubes, Dyno tune by Cal Speed
384 HP & 392 Ft/Lbs. 13.203 @ 107.13 mph at Camaro5FestII
SA CHEVY is offline   Reply With Quote
Old 10-03-2010, 01:55 AM   #55
1FREESS
 
1FREESS's Avatar
 
Drives: 2011 2SS/RS Silver
Join Date: Sep 2010
Location: Northern California
Posts: 64
Quote:
Originally Posted by Ridindirty View Post
Congratulations and welcome to the Elite group of Camaro owners!
Thanks!! I appreciate that! I'm excited!!

PS: Loser is the correct spelling, not Looser.
1FREESS is offline   Reply With Quote
 
Reply

Tags
2ss, brad, chevy, free, win

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Must post picture of a Chevy to win. "prima"Donna Off-topic Discussions 74980 09-13-2013 11:33 PM
Portable Dynamometer added to Houston Super Chevy Show Midway, Sept. 11-12 Houston Raceway USA - Texas 6 09-01-2010 11:26 PM
Camaro5 Wins Big at RICOA Chevy Show! molloni USA - New England 54 08-03-2010 01:36 PM
Very poorly worded memo from GM - no more use of the term "Chevy" comiskeybum Off-topic Discussions 222 06-13-2010 05:38 PM
Am I Sick? CaMeRoN187 5th Gen Camaro SS LS LT General Discussions 29 02-24-2010 01:59 PM


All times are GMT -5. The time now is 03:17 PM.


Powered by vBulletin® Version 3.8.9 Beta 4
Copyright ©2000 - 2016, vBulletin Solutions, Inc.