TPB X thread

[MtnHusker]

 

[MtnHusker]

 

[lee_carvallo_12]

"employee?" I have questions. Namely, where can I hire one identical to her. Second, how can I keep my wife from never finding out.

 

[MtnHusker]

 

[MtnHusker]

 

[MtnHusker]

 

[MtnHusker]

 

[MtnHusker]

"employee?" I have questions. Namely, where can I hire one identical to her. Second, how can I keep my wife from never finding out.

Added bonus, she's Bi-Sexual/Pansexual. Can you imagine the hot tail she's bringing into the bedroom to share with Joe. He's winning at life.

 

[alt f4]

How does this work? the dude handed him a key but doesn't he have to sign some papers, pay somthing? "In-Transit" papers? Is there a dealer rep on site?
Also, what kind of Porsche?
Would you trade it in on something else? Keep it?

There's paperwork.

If they still have the vehicle, he'll have to pay sales taxes on MSRP, which will be around $4,500-$5,000. Most of the time the vehicle in the promo is sold before it's won, so he will be awarded a substitute vehicle at the stated prize value, trade at that value, or cash.

Most of these have a cash value, which would be taxed at a pretty high rate, but the cash value is generally equal value of the car. In this case the stated value is $74,000.

You can "trade", which it's trade value is the "value" of the vehicle. Let's say he wanted a $100k vehicle instead, he'd have a $74,000 credit.

The dealership that puts these on are never out of significant amount of money. They purchase an insurance to cover the cost of the vehicle. When I put these on, it was a couple hundred dollars. Same for hole in one vehicle give aways at golf tournaments.

 

[lee_carvallo_12]

Added bonus, she's Bi-Sexual/Pansexual. Can you imagine the hot tail she's bringing into the bedroom to share with Joe. He's winning at life.

 

[lee_carvallo_12]

There's paperwork.

If they still have the vehicle, he'll have to pay sales taxes on MSRP, which will be around $4,500-$5,000. Most of the time the vehicle in the promo is sold before it's won, so he will be awarded a substitute vehicle at the stated prize value, trade at that value, or cash.

Most of these have a cash value, which would be taxed at a pretty high rate, but the cash value is generally equal value of the car. In this case the stated value is $74,000.

You can "trade", which it's trade value is the "value" of the vehicle. Let's say he wanted a $100k vehicle instead, he'd have a $74,000 credit.

The dealership that puts these on are never out of significant amount of money. They purchase an insurance to cover the cost of the vehicle. When I put these on, it was a couple hundred dollars. Same for hole in one vehicle give aways at golf tournaments.

I know a guy who started a hole in one insurance company. He worked with tons of charity events, member guests, scrambles, whatever, to have a hole in one prize and he would insure it. It would be a large cash prize, a car, etc. He did pretty well, ran the company for 20+ years out of Nevada.

Found this article as I was typing this post. Looks like he sold the company in 2017 -

NFP Acquires Hole-in-One

NFP, a leading insurance broker and consultant that provides employee benefits, property & casualty (P&C), retirement and individual private c

www.businesswire.com

 

[Jim14510]

Most of these have a cash value, which would be taxed at a pretty high rate

It's ordinary income so just add it on top of your other income. Whatever rate you're at. Same as if you won cash. Probably 20-30k with sales tax if it was 75k.

 

[1HuskerDad]

 

[Boondock_St_Sker]

There's paperwork.

If they still have the vehicle, he'll have to pay sales taxes on MSRP, which will be around $4,500-$5,000. Most of the time the vehicle in the promo is sold before it's won, so he will be awarded a substitute vehicle at the stated prize value, trade at that value, or cash.

Most of these have a cash value, which would be taxed at a pretty high rate, but the cash value is generally equal value of the car. In this case the stated value is $74,000.

You can "trade", which it's trade value is the "value" of the vehicle. Let's say he wanted a $100k vehicle instead, he'd have a $74,000 credit.

The dealership that puts these on are never out of significant amount of money. They purchase an insurance to cover the cost of the vehicle. When I put these on, it was a couple hundred dollars. Same for hole in one vehicle give aways at golf tournaments.

So even though the dude got a set of keys, he probably didn’t drive off with the car?

 

[MtnHusker]

 

[MtnHusker]

 

[MtnHusker]

 

[MtnHusker]

 

[MtnHusker]

 

[MtnHusker]