Win Brad's Chevy!! :) - Page 4 - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

1FREESS · 10-02-2010, 12:19 PM

Quote:

Originally Posted by CUPRA

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 · 10-02-2010, 12:23 PM

Quote:

Originally Posted by KMPrenger

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. :(

jeepguy_1980 · 10-02-2010, 12:31 PM

Quote:

Originally Posted by 1FREESS

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.

mxkx250 · 10-02-2010, 01:09 PM

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.

v6sonoma · 10-02-2010, 01:50 PM

Well thats pretty bad@$$! Good for you!

1FREESS · 10-02-2010, 01:55 PM

Quote:

Originally Posted by mxkx250

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.

jeepguy_1980 · 10-02-2010, 03:23 PM

Quote:

Originally Posted by 1FREESS

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.

Wink2010 · 10-02-2010, 04:21 PM

Quote:

Originally Posted by jeepguy_1980

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!

Mr.CamaroRS · 10-02-2010, 04:29 PM

haha there are plenty of ways of getting these kinda things financed.......

1FREESS · 10-02-2010, 06:16 PM

Quote:

Originally Posted by jeepguy_1980

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!!

Ridindirty · 10-02-2010, 06:52 PM

Congratulations and welcome to the Elite group of Camaro owners!

SA CHEVY · 10-02-2010, 09:24 PM

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!!

1FREESS · 10-03-2010, 01:55 AM

Quote:

Originally Posted by Ridindirty

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.

10-02-2010, 01:50 PM	#47
v6sonoma Drives: 2010 SS RS Join Date: Jun 2009 Location: Providence, RI Posts: 8,108 View My Garage	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!

10-02-2010, 06:52 PM	#53
Ridindirty 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"*

10-02-2010, 09:24 PM	#54
SA CHEVY "HILLARY" Drives: "HILLARY" :D Join Date: Mar 2010 Location: Bakersfield Posts: 1,922 View My Garage	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

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