If you win the 2 Corvettes
05-10-2017, 06:06 PM
#22
Burning Brakes
If I was of a "younger" age, I would drive the C7 and store the 63 with plans to sell later.
At this stage of my life, I'd just sell them both and use the money for retirement.
At this stage of my life, I'd just sell them both and use the money for retirement.
The following 2 users liked this post by road pilot:
captaineddie (05-11-2017),
The Rabbi (05-11-2017)
05-10-2017, 06:13 PM
#24
Melting Slicks
Thread Starter
Member Since: Jul 2010
Location: Leesburg Fl
Posts: 2,793
Received 333 Likes
on
236 Posts
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.
05-10-2017, 07:54 PM
#25
That 63 is a beautiful thing. I like the C7 but I doubt it will ever have the collectibility of that 63. I'm sure the C7 is a pleasure to own and drive but the 63 deserves preservation.
The following users liked this post:
The Rabbi (05-11-2017)
05-11-2017, 10:45 AM
#27
Le Mans Master
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; 05-11-2017 at 10:46 AM.
05-11-2017, 03:34 PM
#30
Melting Slicks
Thread Starter
Member Since: Jul 2010
Location: Leesburg Fl
Posts: 2,793
Received 333 Likes
on
236 Posts
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.
05-11-2017, 04:39 PM
#31
Le Mans Master
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.
05-11-2017, 05:31 PM
#33
Safety Car
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?
05-11-2017, 06:38 PM
#34
Le Mans Master
If you had the money to spend would you buy those two Vettes? Why not buy the cars you've always wanted?
05-12-2017, 07:35 AM
#37
Team Owner
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....