If you won an insanely expensive sports car… you wouldn’t be able to afford the taxes on it, for starters. The best thing to do might actually be to sell it — after income and other taxes you might even get to keep a few bucks.
The next best thing might be to get heavy insurance on it and rent it out to people who want to drive an exotic car. Now your registration fees, sales taxes, and insurance are business expenses and you get to write them off.
M2MM almost 3 years ago
Well, if you ever won a car in some sort of raffle, I guess that could work. :P
Jeffin Premium Member almost 3 years ago
Could skip the middle man here.
John9 almost 3 years ago
I always commented, I would like to have the money to buy “whatever”. I didn’t want to buy it just wanted the money.
ChessPirate almost 3 years ago
Ha! We all know you wouldn’t be able to keep yourself from driving it and probably totaling it… ッ
karmakat01 almost 3 years ago
I agree with his friends…it’s a dumb wish.
cuzinron47 almost 3 years ago
What?! He can’t drive yet.
amaryllis2 Premium Member almost 3 years ago
(If I were.)
InquireWithin almost 3 years ago
If you won an insanely expensive sports car… you wouldn’t be able to afford the taxes on it, for starters. The best thing to do might actually be to sell it — after income and other taxes you might even get to keep a few bucks.
The next best thing might be to get heavy insurance on it and rent it out to people who want to drive an exotic car. Now your registration fees, sales taxes, and insurance are business expenses and you get to write them off.