If you win the 2 Corvettes
Le Mans Master
Joined: Feb 2007
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From: Oviedo Florida
2024 C5 of the Year Finalist - Modified
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2016 C5 of Year Finalist
Sell both of them. I have the vette I like.
Thread Starter
Melting Slicks
Joined: Jul 2010
Posts: 2,793
Likes: 333
From: Leesburg Fl
2018 C5 of Year Finalist
St. Jude Donor '14,'18
So far no one has committed to keeping them. It would cost to store them properly or to drive them much. The '63 might be worth storing but not the C7.
Le Mans Master
Joined: Sep 2013
Posts: 8,900
Likes: 1,074
From: Wisconsin
I would not even want to take possession and would sell them back to the raffle organization as soon as possible so they can raffle them off again. Taking them to Barrett Jackson would be a major headache. Maybe they have a cash option.
Last edited by JR-01; May 11, 2017 at 10:46 AM.
Thread Starter
Melting Slicks
Joined: Jul 2010
Posts: 2,793
Likes: 333
From: Leesburg Fl
2018 C5 of Year Finalist
St. Jude Donor '14,'18
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Thread Starter
Melting Slicks
Joined: Jul 2010
Posts: 2,793
Likes: 333
From: Leesburg Fl
2018 C5 of Year Finalist
St. Jude Donor '14,'18
A cash option would be good but only after consulting Barrett Jackson about the possible auction sale price. It's no hassle to sell there, they will have the cars picked up and send you a check - your presence not required.
Le Mans Master
Joined: Sep 2013
Posts: 8,900
Likes: 1,074
From: Wisconsin
I did not know that. I would not want to have a $250K car in my possession. With my luck, too many bad things could happen.
Safety Car
Joined: Mar 2003
Posts: 4,524
Likes: 372
From: Philadelphia PA
I would keep them and drive them.
They say they'll give $50k for taxes. Is that going to be enough to cover the tax bill? How much will the DMV value them for?
And then don't you have to pay tax on the $50k, since it would be considered income?
They say they'll give $50k for taxes. Is that going to be enough to cover the tax bill? How much will the DMV value them for?
And then don't you have to pay tax on the $50k, since it would be considered income?
Le Mans Master
Joined: Sep 2013
Posts: 8,900
Likes: 1,074
From: Wisconsin
If you had the money to spend would you buy those two Vettes? Why not buy the cars you've always wanted?
Team Owner
Joined: May 2001
Posts: 87,298
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From: Western NY
From what I've seen in the past, the "charitable organization" publishes the name of the winner, to demonstrate that it was on the "up and up". Because they're selling actual tickets, there will be a winner, unlike 'Publishers Clearinghouse', for instance, who claims that they DO send out a winning number, but it's up to the general public to actually return the ticket with that number on it, rather than just toss it in the trash, thinking that they never win anything....