[vpFREE] Re: XVP: Selling a Won Car Back to the Dealer

 

As I'm sure she will say when she has a chance, Jean Scott has written two editions of her book on gambling winnings and income taxes, which probably would be a good idea to pick up as you make your decision--you've already done the hard part--winning the thing, so take a bit of time and research the options (agree with other posters in that there is room to haggle).

And of course congratulations!!

--- In vpFREE@yahoogroups.com, M Rathz <scorpiomr@...> wrote:
>
> Just thought I would jump in and add my two cents- for what it's worth- you only have to pay the fair market street value on the car, on your taxes, and not the sticker value, if you keep/kept the car.  So, in other words, if the declared value is $40k, and you keep it, and you can show with current newspaper ads, in your market area, that  the current value is  ony $34k then you only have to pay taxes on the $34k.  Good luck. (and keep that documentation!!!)
>
>
>
> ________________________________
> From: joel0457 <joel0457@...>
> To: "vpFREE@yahoogroups.com" <vpFREE@yahoogroups.com>
> Sent: Sunday, November 25, 2012 10:15 AM
> Subject: [vpFREE] XVP: Selling a Won Car Back to the Dealer
>
>  
> Hi,
>
> Last night I won a new Lexus at a local casino. You earned 1 entry for every $20,000 coin in of VP and I had 7. It was amazing when they called my name. In 20+ years of gaming and hundreds of drawing I had never won anything close to this.
>
> My question is had does anyone have experience with winning a car and then selling it back to the dealer? Is there any negotiation or is it take what they offer. I asked the person in charge of the drawing if I would do better than the casino cash offer if I sold it back to the dealer directly and he said yes. fyi, the casino was offering me 23K less then the value on the prize form.
>
> Thanks for any info.
>
> Joel
>
> ________________________________
>  
>
> [Non-text portions of this message have been removed]
>
>
>
>
> [Non-text portions of this message have been removed]
>

__._,_.___
Reply via web post Reply to sender Reply to group Start a New Topic Messages in this topic (6)
Recent Activity:
.

__,_._,___