I bid on the Scout for kicks.
I've been tempted to enter for a couple of the cars they have offered, but I don't really know what I would do with a brand-new Aston-Martin Vantage or an Audi RSQ8—I don't even have a garage at my house.
As much as I hate to say it, when presented with, for instance, the 2002 and $20k vs cleanly getting $127k cash...
I've seen a ton of these lately and they all look interesting. I had the 2002 turbo tab open for a while before deciding that if I won't I couldn't sell it but I also couldn't insure it and drive it.
None of those cars really speaks to me except maybe the Icon Rover (edit... Cruiser)... but honestly, I'd take the cash and buy/make something I actually want.
Let's see... $180k. The re-arrangement would look like this:
Sell my boat, $3500
That's up $3500. Then spend the $183.5k;
$40k; full-on dream pro-touring treatment for the 67 LeMans
$15k; used fast fish n ski boat.
$2k; diesel conversion in the B4000
That leaves $126.5k to send to the broker.
These car sweepstakes things seem to have seriously taken off lately- I'm assuming they're considerably more profitable than just selling the vehicle, even some of the parts sites are doing the occasional car raffle.
I thought FJ44s were two door Land Cruisers.
I'm now wondering how burdensome paying the taxes on a win would be.
I'd just have to sell it as I couldn't afford the taxes.
Isn't the value considered income? So not only do you have to pay to register, you have to pay the income tax on essentially a 6 figure lottery win.
Brett_Murphy (Ex-Patrón) said:I thought FJ44s were two door Land Cruisers.
I'm now wondering how burdensome paying the taxes on a win would be.
That's what I said
(runs off for ninja edit)
In reply to z31maniac :
If you read the rules, they pay the taxes.
I'd have to check on it for sure, but I'm pretty sure you would pay the taxes on the money if you sold it, but the taxes for the act of winning the vehicle are paid by the company. They spell it out in the "about" page. If you win, you own it outright without paying taxes. It's truly a freebie from the looks of things. Obviously, title, registration, and whatever fees your state asks for would be on you.
If you notice also, you have the option to accept the vehicle OR a cash lump. On the Icon FJ page, the value of the FJ plus cash is listed as $240k, or you can instead accept $180k cash and no FJ.
The insurance on the other hand.... Imagine being that guy who won the Aventador. He looks so happy. That was probably before Jake from State Farm told him it would cost him $1000/mo to insure it.
From the page with the AMG GT:
YOU WILL:
Drive away with Mercedes’ powerful four-door supercar: the 2020 Mercedes-AMG GT 63 S
Enjoy the perfect blend of an exotic’s performance and a luxury sedan’s amenities and space
Have the car’s taxes and shipping costs covered by us, plus score an extra $20,000 cash
From the About page:
Where Your Money Goes
When you contribute $10 for the chance to win a celebrity experience (set visit, dinner date, tickets to a premiere, etc.), $6 is donated to charity, $2.50 on average goes towards marketing expenses and credit card fees, and Omaze nets the remaining $1.50. A $10 contribution for the chance to win a prize-based experience (like a car, vacation or tuition) breaks down as follows: $1.50 is donated to charity; $7 typically goes to sourcing and shipping the prize, covering the winner’s taxes, marketing the experience, and processing credit card fees; and $1.50 goes to Omaze.
Yeah, been seeing that for a while now. That 2002 speaks to me. The Scout II interests me but wrong time. Wanted one and almost got one before I went to Alaska 37 years ago. Been considering entering but my usual chances of winning is historically is zero. If there were 10 tickets and I bought 9, guess which one would win. I usually only do it to donate to the charity because I want to.
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