12-05-2016, 08:39 PM | #15 |
Drives: 13 2SS/RS HWSE Camaro # 959 Join Date: May 2012
Location: Washington Pa.
Posts: 253
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If you don't want it sell it.
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Roto Fab CAI, Flowmaster American Thunder series exhaust , Elite Engineering catch can, Range AFM delete ,Oracle LED side marker lights ,Plasma LED DRL Lights & harness, LED License Plate bulbs, Xpel Ultimate paint protection film.
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12-05-2016, 08:48 PM | #16 |
Drives: 2015 Z/28; 1969 Camaro SS Join Date: Nov 2015
Location: York, PA
Posts: 805
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Take the cash prize if there was one.
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12-05-2016, 08:53 PM | #17 |
Drives: 2010 2SS/RS Join Date: Dec 2009
Location: Clarksville Tennesse.
Posts: 6,059
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No cash prize but the car is 25-30k and the parts installed are almost 45k not counting any labor.
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Orange Krush II
1LE Front sway bar, Splitter, shocks and struts, Z28 dual mode mufflers, Intake, UCA Bushings, and Toresen 3.91 Diff. 1 piece DSS Drive Shaft, ZL1/C7 Calipers, and 32mm JPSS Rear Bar. ASC race spec splitter and wicker. 6th Gen M017 Wheels. Stainless Works 1 7/8 LTs. DSE and PAFDT Suspension components. |
12-05-2016, 08:54 PM | #18 |
Drives: 2015 Z/28; 1969 Camaro SS Join Date: Nov 2015
Location: York, PA
Posts: 805
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What do you have to pay tax on?
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12-05-2016, 08:58 PM | #19 |
Ret AF, cancer survivor
Drives: 2013 Camaro 2SS/RS & 2006 Corvette Join Date: Jul 2015
Location: Mesquite, NV
Posts: 2,741
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You have to pay a 'gift' tax on any prizes/winnings valued over a certain amount (not sure the minimum amount); in this case it would be the value of the car. I know when my mom won a car several years back the tax was 20% of the market value of the car.
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12-05-2016, 09:12 PM | #20 |
Drives: 2010 2SS/RS Join Date: Dec 2009
Location: Clarksville Tennesse.
Posts: 6,059
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I'm getting a 1099 on the value of the car
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Orange Krush II
1LE Front sway bar, Splitter, shocks and struts, Z28 dual mode mufflers, Intake, UCA Bushings, and Toresen 3.91 Diff. 1 piece DSS Drive Shaft, ZL1/C7 Calipers, and 32mm JPSS Rear Bar. ASC race spec splitter and wicker. 6th Gen M017 Wheels. Stainless Works 1 7/8 LTs. DSE and PAFDT Suspension components. |
12-05-2016, 10:01 PM | #21 |
Drives: 2014 Chevrolet Camaro 1SS Join Date: May 2016
Location: Iowa
Posts: 117
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pay taxes, sell it, and then use that money to make your car what you've always dreamed it could be.
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12-05-2016, 10:30 PM | #22 |
El Duderino
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Oh fuk. U have to pay tax on it..
Let me know what you want for it. I could put it on my LOC or just finance it outright, if the price was right. You might have more fun with cash. Otherwise... Eweh. But I do like the colors.
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I bowl. Drive around. The occasional acid flashback.
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12-05-2016, 10:50 PM | #23 |
Drives: 2013 Camaro SS Join Date: Oct 2016
Location: Arvada, CO
Posts: 686
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I believe you have to pay sales tax on the price of the car and claim income tax on the value of the car.
Even with that you are getting a f_ing awesome car for a steal of a price. My best advise would be to burn the tires off all the way to my house then let me have it. |
12-05-2016, 10:54 PM | #24 |
Rolling along...
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Congrats! I was trying to win that one so my '11 SGM SS could be retired as a daily driver. Glad it went to someone on here.
I still have hope for winning the Camaro that Cragar is giving away this week. https://cragar.powernationtv.com
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12-05-2016, 11:08 PM | #25 | |
Drives: 2010 2SS/RS Join Date: Dec 2009
Location: Clarksville Tennesse.
Posts: 6,059
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Taxes
Quote:
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Orange Krush II
1LE Front sway bar, Splitter, shocks and struts, Z28 dual mode mufflers, Intake, UCA Bushings, and Toresen 3.91 Diff. 1 piece DSS Drive Shaft, ZL1/C7 Calipers, and 32mm JPSS Rear Bar. ASC race spec splitter and wicker. 6th Gen M017 Wheels. Stainless Works 1 7/8 LTs. DSE and PAFDT Suspension components. |
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12-05-2016, 11:25 PM | #26 |
Rolling along...
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Just make sure that you get an "Affidavit of Nondealer Transfer of Motor Vehicle or Boat" form filled out by them as well. A $0 bill of sale isn't likely enough to avoid the TN use tax by itself. Without the other form also, they may use blue book to set an assessed value on the prize and calculate taxes due on that amount instead of $0.00.
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12-05-2016, 11:52 PM | #27 |
Drives: 2017 2SS M6 Join Date: Jun 2013
Location: WNY
Posts: 7,071
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20% is what iv always heard. I was going to get a ticket on a new ZO6 1000 tickets sold but I cant afford another $20K auto loan.
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real ZL1 wheels and brakes, 285/305 Michelin Pilot Super Sports, Pray ported Intake manifold, Soler Throttle Body, Rotofab intake, EFI Tuning Flex fuel kit, full American Racing Headers Exhaust, 1 7/8" w/ cats H pipe and mufflers. Full 1LE suspension, with BMR adjustable sway bars and links, GM aluminum cradle bushings, Hurst shifter with lighter reverse spring, TWM shifter knob, Tick level 1 transmission. I should have bought a ZL1
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12-06-2016, 09:05 AM | #28 |
Instagram: Sangstah
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Congrats man, beautiful ride!
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2019 SS 1LE - "CaSSandra" 2014 SS - "AleSSandra - Sold" 94 Z28 - Sold
Follow the build https://www.camaro6.com/forums/showthread.php?t=612717 |
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