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Finacial advise request.

Discussion in 'Lounge' started by smahtaz, Apr 26, 2013.

  1. smahtaz

    smahtaz Pimpin Ain't Easy

    My brother won a car today with a hole-in-one. He doesn't need a car. He is under the impression the dealership is self insured for this. Where should negotiations start?
     
  2. Ohio Fanatic

    Ohio Fanatic Twuaddle or bust Club Member

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    should probably figure out the value of the car first
     
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  3. SICK

    SICK Lounge Moderator

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    Pay taxes, sell the car.



    Profit.
     
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  4. padre31

    padre31 Premium Member Luxury Box

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    Get a dealer credit that he can sell..let the buyer of the credit pay the taxes...:shifty:
     
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  5. bigbry

    bigbry Huge Member

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    Generally the sponsor of the tournament gets an insurance policy in-case someone wins. The dealer really has no incentive to buy the car back unless its really at a discount.

    So, and I cant believe I'm saying this, but Sick has it right. Pay the tax and sell the car on the open market.
     
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  6. dolfan32323

    dolfan32323 ty xphinfanx

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    Is your brother giving golf lessons by any chance?
     
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  7. smahtaz

    smahtaz Pimpin Ain't Easy

    No. He's just a lucky bastard. 14 handicap 4 holes-in-one to date. I didn't see the shot but wouldn't be surprised if it bounced off a sprinkler head.
     
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  8. smahtaz

    smahtaz Pimpin Ain't Easy

    Once the car is titled isn't it a used car? It would seem that if he can find out who's stroking the check he should be able to get a better deal from them.
     
  9. bigbry

    bigbry Huge Member

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    Yeah it immediately goes into the used category.

    I've been around golf all my life and have never seen anyone not get what they won. Not saying it never has happened but....I'm thinking they pretty much have to award the prize.

    Greed is a ***** that is never satisfied so my advice is the same as above.

    Advertise it as it is. A car won at a tournament with 52 mi.(or whatever) on it and get that best price you can. Not a bad profit for a ball bouncing off a sprinkler head.

    I suppose if the insurance company agrees then a backroom deal could be reached.
    Normally the insurance company has a representative there at the tourney because he is playing in it .
     
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  10. smahtaz

    smahtaz Pimpin Ain't Easy

    Thanks for the help everyone.
     

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