"Pay it Forward"
Thread Starter
Racer
Joined: Jul 2008
Posts: 295
Likes: 211
From: Cape Coral, Freedom USA
"Pay it Forward"
I see a few threads about transferring your spot in line. It doesn't look like an option, but I have a great idea for my fellow forum enthusiasts that have multiple deposits..."pay it forward"
I have a 2nd deposit down and want to offer it up to a member to build. The cost...whatever the cost is delivered and taxed. It doesn't seem like much of a gamble either. If the guy you're hooking up falls through you can just sell it on the market.
I know the idea of making 20k on a flip sounds awesome, but after taxes and Cap gains and time/effort it's not like you're killing it.
I think this way I'll feel much better about stoking someone out.
I'm a ways off on my 2nd deposit, but much closer on my first.
If any man of character wants to "pay it forward" to me, I'll have two spots to do the same. If everyone did that, and I'm willing to bet there are a bunch of us here, it would spread the good.
Just an idea...but a damn good one if we all did it!
Doing good deeds always comes back.
I have a 2nd deposit down and want to offer it up to a member to build. The cost...whatever the cost is delivered and taxed. It doesn't seem like much of a gamble either. If the guy you're hooking up falls through you can just sell it on the market.
I know the idea of making 20k on a flip sounds awesome, but after taxes and Cap gains and time/effort it's not like you're killing it.
I think this way I'll feel much better about stoking someone out.
I'm a ways off on my 2nd deposit, but much closer on my first.
If any man of character wants to "pay it forward" to me, I'll have two spots to do the same. If everyone did that, and I'm willing to bet there are a bunch of us here, it would spread the good.
Just an idea...but a damn good one if we all did it!
Doing good deeds always comes back.
Drifting
Joined: Apr 2021
Posts: 1,911
Likes: 2,568
From: Chicago-ish
Unless you lived in the same county of the same state that is lax on vehicle taxes and fees this has no smooth way of occurring. Even then things get muddled because of transfer fees and new sales tax post transfer as well. So at best, one lucky user is paying you vehicle + tax title license and then paying transfer fees and sales tax again. So while your generosity to not gouge someone directly is admirable, someone could be looking at an extra $10,000 paid to the state anyway.
Last edited by Amoreloba; Aug 18, 2021 at 03:20 AM.
Race Director
Joined: Aug 2019
Posts: 12,351
Likes: 14,180
From: Central Illinois
So how would you feel if you've been standing in line somewhere for several hours and you see some guy pull in and park. He gets out and walks up to the person ahead of you and steps right in. That's what you are offering to do to all those that have been waiting with their deposit. Your deposit bought you a place in line, the dealer decides the place in line, not you. If you bail out, dealers move everyone up one spot in line. That is the only fair way about it. You're not paying anything forward, if anything you're screwing over dozens or hundreds of people that have already committed to buy.
E-Ray, 3LZ, ZER, LIFT
Joined: Sep 2007
Posts: 34,841
Likes: 12,285
From: NE South Carolina
I see a few threads about transferring your spot in line. It doesn't look like an option, but I have a great idea for my fellow forum enthusiasts that have multiple deposits..."pay it forward"
I have a 2nd deposit down and want to offer it up to a member to build. The cost...whatever the cost is delivered and taxed. It doesn't seem like much of a gamble either. If the guy you're hooking up falls through you can just sell it on the market.
I know the idea of making 20k on a flip sounds awesome, but after taxes and Cap gains and time/effort it's not like you're killing it.
I think this way I'll feel much better about stoking someone out.
I'm a ways off on my 2nd deposit, but much closer on my first.
If any man of character wants to "pay it forward" to me, I'll have two spots to do the same. If everyone did that, and I'm willing to bet there are a bunch of us here, it would spread the good.
Just an idea...but a damn good one if we all did it!
Doing good deeds always comes back.
I have a 2nd deposit down and want to offer it up to a member to build. The cost...whatever the cost is delivered and taxed. It doesn't seem like much of a gamble either. If the guy you're hooking up falls through you can just sell it on the market.
I know the idea of making 20k on a flip sounds awesome, but after taxes and Cap gains and time/effort it's not like you're killing it.
I think this way I'll feel much better about stoking someone out.
I'm a ways off on my 2nd deposit, but much closer on my first.
If any man of character wants to "pay it forward" to me, I'll have two spots to do the same. If everyone did that, and I'm willing to bet there are a bunch of us here, it would spread the good.
Just an idea...but a damn good one if we all did it!
Doing good deeds always comes back.
BTW IF you live in SC our Max sales tax is $500 for a car! Just don't get a permanent license place as then you'll pay the required Property Tax!
PS: Your comment, "If any man of character wants to "pay it forward" to me,..." reminds me of the "deals I'm offered all the time from someone in Tahiti" who will buy $5000 worth of what I sell on my website and they will have an agent pick it up! I only have to pay the agent fee before as it can't be paid by them! Yep sounds like it's your character may in question.
Last edited by JerryU; Aug 18, 2021 at 09:48 AM.
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Thread Starter
Racer
Joined: Jul 2008
Posts: 295
Likes: 211
From: Cape Coral, Freedom USA
Team Owner
Joined: Oct 2004
Posts: 25,583
Likes: 16,940
OP, I get what you're thinking of doing, and it is philanthropic in nature. If I understand correctly, you intend to take delivery and buy the car ordered to someone else's specs and then allow that someone to reimburse you for your acquisition costs, not make a profit. You are perfectly within your rights to do that. It just makes a lot of folks mad around here when they waited so long or are still waiting.
Team Owner
Joined: Sep 2010
Posts: 32,040
Likes: 4,610
So how would you feel if you've been standing in line somewhere for several hours and you see some guy pull in and park. He gets out and walks up to the person ahead of you and steps right in. That's what you are offering to do to all those that have been waiting with their deposit. Your deposit bought you a place in line, the dealer decides the place in line, not you. If you bail out, dealers move everyone up one spot in line. That is the only fair way about it. You're not paying anything forward, if anything you're screwing over dozens or hundreds of people that have already committed to buy.
Last edited by Skid Row Joe; Aug 18, 2021 at 01:24 PM.
Team Owner
Joined: Sep 2010
Posts: 32,040
Likes: 4,610
OP, I get what you're thinking of doing, and it is philanthropic in nature. If I understand correctly, you intend to take delivery and buy the car ordered to someone else's specs and then allow that someone to reimburse you for your acquisition costs, not make a profit. You are perfectly within your rights to do that. It just makes a lot of folks mad around here when they waited so long or are still waiting.
Race Director
Joined: Aug 2019
Posts: 12,351
Likes: 14,180
From: Central Illinois
It's actually up to the dealer to make that call. A savvy dealer would sell his place in rotation for a simple transfer fee $. Nobody gets bumped that way. In fact, nobody's bumped if the dealer does a name switch. What's the difference to the person already in line? There is none.
So would you just stand there and be fine because there was one guy in front of you either way or would you say "hey chief, back of the line"? It isn't fair to all those that have been waiting with a deposit to have some putz jump in ahead of them.
Race Director
Joined: Aug 1999
Posts: 13,248
Likes: 2,503
From: Bluffton SC via Canton Oh
Seems the honorable thing for all of us to do……
1. do our homework
2. select a dealer based on said homework
3. put down one deposit and one deposit only based on said homework.
Once you get your car it’s a free market…..flip it if you want and move on.
I feel for the dealers having to manage all these fake deposits.
1. do our homework
2. select a dealer based on said homework
3. put down one deposit and one deposit only based on said homework.
Once you get your car it’s a free market…..flip it if you want and move on.
I feel for the dealers having to manage all these fake deposits.
Team Owner
Joined: Sep 2010
Posts: 32,040
Likes: 4,610
You have entirely missed the point. OK, so Skid Row Joe has been waiting patiently for hours to get in to an event. He looks over, when after hours of waiting, he is almost to the door. Joe sees some guy drive up and park. Joe knows this guy JUST arrived. The person ahead of Joe hails the new arrival over and says "hey buddy, I've changed my mind and I'm leaving, do you want my spot in line?" The new arrival says "I don't know you, but yeah thanks, I sure don't want to wait for hours to get in like everyone else."
So would you just stand there and be fine because there was one guy in front of you either way or would you say "hey chief, back of the line"? It isn't fair to all those that have been waiting with a deposit to have some putz jump in ahead of them.
So would you just stand there and be fine because there was one guy in front of you either way or would you say "hey chief, back of the line"? It isn't fair to all those that have been waiting with a deposit to have some putz jump in ahead of them.
The lines are only at places such as an amusement park, where the people who are in line can actually see those that are being served skipping the line. About the best example I know of is an amusement park (Disney World?) where you can pay an extra $20.00 or $30.00 upon entering the park to skip the lines for rides. Again, that's what the Free Market is for. Paying extra $ for more service.