Opinions---friend won a new 2011 Mustang V6

cedsks · September 20th, 2010, 09:31 PM

My friend won a new mustang 2011 v6. However, he decided that it sucks and he dosent want it.... My question is, can you get enough out of it to trade it in and get an 03/04 mustang Cobra, and still have enough left over to have the dealer give you back some money?

He was super excited to learn that he won until he heard it was a V6lol.

BTW he is a Chevy guy, current go fast car is a T/A WS6 with heavy mods and his only way he is going to go ford is if he got a new 5.0 or an 03/04 Cobra.

Any advice. FYI the car was donated by a local ford dealer in a raffle so we thought working with them would return the car back to them in new condition if he finds a way to "own it" but not title it, see what I am saying...

tommy93 · September 20th, 2010, 09:35 PM

wow youre freind it a douche. bashing a brand new v6. damn
i wish i was him

cedsks · September 20th, 2010, 09:38 PM

Well, I guess you could understand the situation, the car they had for show was a v8 and be bought 100 bucks worth of tickets, come to find out, the fine print said v6 premium.

Plus, he is a die hard WS6 guy....

HorsepoweR · September 21st, 2010, 01:08 PM

Originally Posted by cedsks

Well, I guess you could understand the situation, the car they had for show was a v8 and be bought 100 bucks worth of tickets, come to find out, the fine print said v6 premium.

Plus, he is a die hard WS6 guy....

Yea that is kind of scandalous how they had a different car for show, Im sure you could somehow or another get into the seat of a Termi without dishing out any cash, if I won a brand new v6 thats exactly what I would do lol.

galaxygrey13 · September 21st, 2010, 01:59 PM

He should have no problem selling it. And buying a Termi and 2 hookers with the money he gets from it.

RZNCAIN · September 21st, 2010, 02:03 PM

owwwww hookers!

TRMach1 · September 21st, 2010, 02:46 PM

My wife won a Mustang V6 just about 4 years ago. We just traded it in for a new 2011 V6 Mustang.

Oh, btw, unless it was clearly stated otherwise, in writing, your friend is going to be responsible for paying taxes on his winnings. And I'm talking about IRS income taxes that amount to about one quarter of the ACTUAL retail value of the car. And then if he sells it, he has to pay taxes on the profits. Pretty soon that "free" car starts to cost quite a bit!

We decided to just pay the five grand in income taxes, and kept the car for four years, and it was worth $14k as a trade in this summer, and since we didn't owe a thing on it, that all went towards the new one.

tommy93 · September 21st, 2010, 04:26 PM

Originally Posted by cedsks

Well, I guess you could understand the situation, the car they had for show was a v8 and be bought 100 bucks worth of tickets, come to find out, the fine print said v6 premium.

Plus, he is a die hard WS6 guy....

that is gay. and yea is he is a WS6 guy converting him over to FORD wont work with just a new v6

schoff · September 21st, 2010, 04:30 PM

ya taxes are gonna fuck him over pretty good... i wouldnt necessarily trade it in. I would probably try and sell it and then go looking for a termi...

Maybe thats not the best way though. Who knows!!!

03_StangGuy · September 21st, 2010, 04:38 PM

Originally Posted by schoff

ya taxes are gonna fuck him over pretty good... i wouldnt necessarily trade it in. I would probably try and sell it and then go looking for a termi...

Maybe thats not the best way though. Who knows!!!

You'll get way more money selling it privately, but I t cant hurt to talk to the dealer and see what they will do.

schoff · September 21st, 2010, 04:46 PM

Thats kind of what i was originally thinking. Selling the car would get way more money!

209STANG · September 26th, 2010, 02:00 AM

Originally Posted by cedsks

Well, I guess you could understand the situation, the car they had for show was a v8 and be bought 100 bucks worth of tickets, come to find out, the fine print said v6 premium.

Plus, he is a die hard WS6 guy....

So hes complaing about gertting a brand new car for $100 buks

and its probly better to sell it privately

crossfire876 · September 29th, 2010, 10:26 AM

Originally Posted by 209STANG

So hes complaing about gertting a brand new car for $100 buks
and its probly better to sell it privately

He did win the raffle or whatever for $100 bucks, but taxes are going to be high. I'd bet he'd pay an easy $5k-$7k just in taxes before he can drive/sell the vehicle.

dcook_14 · September 29th, 2010, 10:44 AM

Dealers are going to undercut your trade in and overprice the Termi. Pay the taxes, do a sick burnout in the 305 hp V6, then sell it with like 100 miles on it. You'll get enough money out of it to pay for a Termi + taxes. Or buy a Mach, a forged shortblock, and a couple of turbos.

bigjohnstud4200 · September 29th, 2010, 11:01 AM

wow, i feel BAD for your buddy.. only winning a v6. LOL I would pay the taxes and trade it if I wanted something else. If it's not worth it to sell it due to the cost of taxes and shit, KEEP THE FUCKING THING.. it's $5k brand new car!

beamer814 · September 29th, 2010, 09:59 PM

there like three hundred horse and get good gas i would drive it since he allready has the ws6 awsome car buy the way

ShaneM · October 1st, 2010, 06:11 PM

i read about a guy who won a similar contest somewhere that basically paid the dealer a bit more and walked out with a 11 gt500 for an extra $10g out of pocket. i would figure that a bit more loot if its a dealer would get him a GT if that is what he really wants. Also, i was once told that in some states a contest like that also has to offer an equal cash value. I'm not sure if that is true everywhere, but its worth looking into. That is why you see so many contests with win a new car or $20k in cash so i was told.

Thumbie · October 2nd, 2010, 05:53 AM

dealer will underprice that POS. sell it online and get a termie or mach 1 or 5.0 or .....

...wait for it...

a Raptor

saw one at the dealer today

lol jk that is awesome that he won

Total_Perf_Eng · October 6th, 2010, 12:59 PM

Don't trade it in, sell it privately

v606er · October 6th, 2010, 01:10 PM

This thread sucks.

September 20th, 2010, 09:31 PM	#1
cedsks Premium Member 2004 Mustang GT Join Date: Apr 2010 Location: Dayton Ohio area Posts: 669 iTrader: 0 reviews	Opinions---friend won a new 2011 Mustang V6 My friend won a new mustang 2011 v6. However, he decided that it sucks and he dosent want it.... My question is, can you get enough out of it to trade it in and get an 03/04 mustang Cobra, and still have enough left over to have the dealer give you back some money? He was super excited to learn that he won until he heard it was a V6lol. BTW he is a Chevy guy, current go fast car is a T/A WS6 with heavy mods and his only way he is going to go ford is if he got a new 5.0 or an 03/04 Cobra. Any advice. FYI the car was donated by a local ford dealer in a raffle so we thought working with them would return the car back to them in new condition if he finds a way to "own it" but not title it, see what I am saying... __________________ 2004 2v GT--3.90's, t3650, H&R SS, 78mm TB, K&N CAI, steeda bump stop kit, HP Blues shocks and struts, soon to have a rear seat delete, light weight driveshaft.

September 20th, 2010, 09:35 PM	#2
tommy93 Hardcore Enthusiast 2001 Mustang Join Date: May 2010 Location: East Bay, California Posts: 2,158 iTrader: 0 reviews	wow youre freind it a douche. bashing a brand new v6. damn i wish i was him __________________ All Bark, No Bite

September 20th, 2010, 09:38 PM	#3
cedsks Premium Member 2004 Mustang GT Join Date: Apr 2010 Location: Dayton Ohio area Posts: 669 iTrader: 0 reviews	Well, I guess you could understand the situation, the car they had for show was a v8 and be bought 100 bucks worth of tickets, come to find out, the fine print said v6 premium. Plus, he is a die hard WS6 guy.... __________________ 2004 2v GT--3.90's, t3650, H&R SS, 78mm TB, K&N CAI, steeda bump stop kit, HP Blues shocks and struts, soon to have a rear seat delete, light weight driveshaft.

September 21st, 2010, 02:03 PM	#6
RZNCAIN Shelby's Minion 2007 Mustang Shelby GT (Mach1) Sept. '10 ROTM Join Date: Jul 2010 Location: WI Posts: 11,490 iTrader: 2 reviews	owwwww hookers! __________________ Sponsored by Specialty Coatings Car Salesman Club- Founder -------------------------- 2007 Shelby GT- Hardparked 2003 Mach 1- Hardparked 1988 LX 5.0- Umm...Driver?

September 21st, 2010, 02:46 PM	#7
TRMach1 Regular 2003 Mustang Mach 1 Join Date: Apr 2010 Location: New Castle, Delaware Posts: 231 iTrader: 0 reviews	My wife won a Mustang V6 just about 4 years ago. We just traded it in for a new 2011 V6 Mustang. Oh, btw, unless it was clearly stated otherwise, in writing, your friend is going to be responsible for paying taxes on his winnings. And I'm talking about IRS income taxes that amount to about one quarter of the ACTUAL retail value of the car. And then if he sells it, he has to pay taxes on the profits. Pretty soon that "free" car starts to cost quite a bit! We decided to just pay the five grand in income taxes, and kept the car for four years, and it was worth $14k as a trade in this summer, and since we didn't owe a thing on it, that all went towards the new one. __________________ 2003 Torch Red Ford Mustang Mach 1 5-speed *657 RWHP 635 RWTQ* My Mods My Car MODS: Yeah, it's got mods. August 2012 AmericanMuscle.Com Calendar Centerfold!

September 21st, 2010, 01:59 PM	#5
galaxygrey13 Regular 2011 Mustang V6 N/A Join Date: Jun 2010 Location: San Diego Posts: 103 iTrader: 0 reviews	He should have no problem selling it. And buying a Termi and 2 hookers with the money he gets from it.

September 21st, 2010, 04:30 PM	#9
schoff Hardcore Enthusiast 2003 Mustang GT Join Date: Mar 2010 Location: Independence, Missouri Posts: 1,386 iTrader: 0 reviews	ya taxes are gonna fuck him over pretty good... i wouldnt necessarily trade it in. I would probably try and sell it and then go looking for a termi... Maybe thats not the best way though. Who knows!!! __________________

September 21st, 2010, 04:46 PM	#11
schoff Hardcore Enthusiast 2003 Mustang GT Join Date: Mar 2010 Location: Independence, Missouri Posts: 1,386 iTrader: 0 reviews	Thats kind of what i was originally thinking. Selling the car would get way more money! __________________

September 29th, 2010, 10:44 AM	#14
dcook_14 Banned 2004 Mustang GT 12.35@114.08 w/ 1.88 60' Join Date: Feb 2009 Location: Waterloo, IA Posts: 7,015 Blog Entries: 2 iTrader: 7 reviews	Dealers are going to undercut your trade in and overprice the Termi. Pay the taxes, do a sick burnout in the 305 hp V6, then sell it with like 100 miles on it. You'll get enough money out of it to pay for a Termi + taxes. Or buy a Mach, a forged shortblock, and a couple of turbos. __________________ Do the Right Thing, Cook. ~Zip.

September 29th, 2010, 09:59 PM	#16
beamer814 Regular 1990, GT, 5 speed I Dont Wanna Know :( Join Date: Jun 2010 Location: Zion, IL Posts: 111 iTrader: 0 reviews	there like three hundred horse and get good gas i would drive it since he allready has the ws6 awsome car buy the way __________________ Arguing with someone on the Internet is like participating in the Special Olympics...Even if you win you are still retarded!

October 1st, 2010, 06:11 PM	#17
ShaneM Regular Join Date: Jan 2010 Posts: 52 iTrader: 0 reviews	i read about a guy who won a similar contest somewhere that basically paid the dealer a bit more and walked out with a 11 gt500 for an extra $10g out of pocket. i would figure that a bit more loot if its a dealer would get him a GT if that is what he really wants. Also, i was once told that in some states a contest like that also has to offer an equal cash value. I'm not sure if that is true everywhere, but its worth looking into. That is why you see so many contests with win a new car or $20k in cash so i was told. __________________

October 2nd, 2010, 05:53 AM	#18
Thumbie Hardcore Enthusiast 2001 Cobra 14.2@102 (I suck) Join Date: Apr 2009 Location: SF Bay Area, CA Posts: 1,621 iTrader: 0 reviews	dealer will underprice that POS. sell it online and get a termie or mach 1 or 5.0 or ..... ...wait for it... a Raptor saw one at the dealer today lol jk that is awesome that he won __________________ 2001 Cobra with SRA swap, modded for twisties MM Cobra Club Member #76

October 6th, 2010, 12:59 PM	#19
Total_Perf_Eng Newbie Join Date: Oct 2010 Posts: 6 iTrader: 0 reviews	Don't trade it in, sell it privately

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