Win a 2007 Ford Shelby GT - Page 2 - FMVperformance.com : The site for all your Ford Mazda and Volvo needs
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post #11 of 22 (permalink) Old 11-16-2007, 12:37 AM
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Re: Win a 2007 Ford Shelby GT

Yeah, stupid taxes. There's gotta be some loop hole out of that.
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post #12 of 22 (permalink) Old 11-16-2007, 06:57 PM
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Re: Win a 2007 Ford Shelby GT

yeah..sell the car +20000 then pay taxes -6000 so your left with 14000

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post #13 of 22 (permalink) Old 11-16-2007, 07:42 PM
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Re: Win a 2007 Ford Shelby GT

how much is that shelby worth?
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post #14 of 22 (permalink) Old 11-16-2007, 09:50 PM Thread Starter
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Re: Win a 2007 Ford Shelby GT

^^Its ARV is $42k, however the taxable amount will be determined when you actually take delivery of the car. By the time its ready for delivery, could be weeks or months, the price of the car will be at fair market value. The price could be below $30k, which is less taxes than ARV.


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post #15 of 22 (permalink) Old 11-28-2007, 08:52 AM
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Re: Win a 2007 Ford Shelby GT

Granted free car does mean taxes, but you can sell the car back to the people and take the money. That happens all the time with people that win cars at the casino. Most people sell it back because they can't afford to pay the taxes on a car, even though they won it for free.

LMFAO "oh i thought i didn't need that" i bet in your head you were like "go kick your mom in the ass for me when you get home " 08mazda2.0
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post #16 of 22 (permalink) Old 12-14-2007, 05:51 PM
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Re: Win a 2007 Ford Shelby GT

Enterred!!! Soooooo want a Shelby!

Steph

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post #17 of 22 (permalink) Old 01-03-2008, 04:55 PM
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Re: Win a 2007 Ford Shelby GT

[quote author=robertnjrotc link=topic=94227.msg1858777#msg1858777 date=1195191466]
Yeah, stupid taxes. There's gotta be some loop hole out of that.
[/quote]

1. get loan for tax amount
2. sell car for current value or more if possible
3. pay off loan
4. walk away with remainder of cash

Lots of stuff For Sale with more coming...


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post #18 of 22 (permalink) Old 01-03-2008, 04:58 PM
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Re: Win a 2007 Ford Shelby GT

No, you dont' even need to get a loan. You take the car and literally sell it back to the casino. They will buy it back for slightly less than what it's worth, but you don't have to go through the headache of getting a loan for the taxes, selling the car, and then paying off the taxes.

LMFAO "oh i thought i didn't need that" i bet in your head you were like "go kick your mom in the ass for me when you get home " 08mazda2.0
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post #19 of 22 (permalink) Old 01-28-2008, 07:34 PM
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Re: Win a 2007 Ford Shelby GT

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post #20 of 22 (permalink) Old 01-29-2008, 10:10 PM
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Re: Win a 2007 Ford Shelby GT

sell car, pay taxes, extra money, TURBO!!!!!!
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