August Recruiting Thread

[Jim14510]

What’s the taxes look like on that?

I imagine they write it up as a lease as opposed to giving them the title. The value of the lease would then be taxed as ordinary income.

 

[Herbie]

I imagine they write it up as a lease as opposed to giving them the title. The value of the lease would then be taxed as ordinary income.

Ok so what’s the value of 12 months lease payments on a 200k+lambo?

 

[Herbie]

Ok so what’s the value of 12 months lease payments on a 200k+lambo?

Ok looked it up. You can lease 1-2 year old lambos for 3-4K a month with around 19k down payment.
Say these are new so 5k and 30k down(I’m sure they put zero but well include it as the perceived value)

That would still be what 90k value.
Decent chunk to have to pay in taxes

 

[vailhusker]

 

[Mavsker]

View attachment 40187

Right between Rutger and UCLAbia

 

[Jim14510]

Ok looked it up. You can lease 1-2 year old lambos for 3-4K a month with around 19k down payment.
Say these are new so 5k and 30k down(I’m sure they put zero but well include it as the perceived value)

That would still be what 90k value.
Decent chunk to have to pay in taxes

Down-payment is just prepaying the lease so 19k down 3-4 a month would be equivalent to 4-5k a month. So let's just say for arguments sake 54k per year. Taxes at 1/3. So costs them about 18k per year. Round up to 20k for a nice even number.

 

[nja13]

Hopefully Georgia doesn't offer its players/recruits this same deal.

If I were that bottom guy, I'd be entering the portal ASAP. They gave him the Labroghini version of a grocery-getter. Looks like he's on his way to pick up the kids from T-ball practice.

And that top one? Better car, but had to give him the canned-pea-green one that wasn't selling.

We can compete with those deals.

 

[nja13]

View attachment 40187

BTW, I do apprecaite it when you post the whole graphic below the tweet, which allows us to see the whole thing without cliking on it an opening another widow, etc.

 

[BigRed97]

Down-payment is just prepaying the lease so 19k down 3-4 a month would be equivalent to 4-5k a month. So let's just say for arguments sake 54k per year. Taxes at 1/3. So costs them about 18k per year. Round up to 20k for a nice even number.

That’s my accountant. I know this guy!

 

[turek420845]

That’s my accountant. I know this guy!

 

[Carm]

 

[Baron Winnebago]

Is Dvoracek closer to being begging for food on P Street than he is our next DC?

 

[Herbie]

Nebraska told him to kick rocks because Merritt is coming

 

[nja13]

View attachment 40204

Dammit. Now we’re failing at small-town white 3-stars? My how the mediocre have fallen.

 

[vailhusker]

It better be nice… starts at over $600k

Yeah, I see it's $621k average market not that 20k matters to anyone that has that kind of money for a car. Lamborghini Revuelto 1000hp V12 hybrid, 0-100 in 5 seconds. Probably not the best car to give to a college age kid ☠️.

 

[BugeaterInWa]

Yeah, I see it's $621k average market not that 20k matters to anyone that has that kind of money for a car. Lamborghini Revuelto 1000hp V12 hybrid, 0-100 in 5 seconds. Probably not the best car to give to a college age kid ☠️.

Wut could go wrong?

 

[RedSavage]

Wut could go wrong?

Simon, I mean Georgia, says…nothing

 

[Southendzonehusker]

A Urus is one of the hardest vehicles to get right now. He isn’t getting the short end of the stick. They retail for $275K and have been selling for double in some states.

 

[nja13]

A Urus is one of the hardest vehicles to get right now. He isn’t getting the short end of the stick. They retail for $275K and have been selling for double in some states.

A very expense grocery-getter is still a grocery-getter. He’s getting the short end of the stick.

 

[vailhusker]

A Urus is one of the hardest vehicles to get right now. He isn’t getting the short end of the stick. They retail for $275K and have been selling for double in some states.

I saw that the prices were all over the place. I know it's not the cool thing to say but Urus would be more practical to have. The Revuelto while the cooler of the two is going to be a pain in the ass as a daily driver but I'm not 20 years old anymore either 🤣.