Gumball 3000 STi on ebay - Page 2

STi_Mark · 02-25-2007, 10:43 AM

I have seen the video and this car gets the **** kicked out of it. I don't think I'd purchase the car on that basis, let alone the fact that I have had experience with vinyl, lots of it, and that car is completely COVERED in it! LOL

I'd estimate that you if attempted to remove that vinyl yourself it would be around 40-60 man hours. Removing the vinyl itself is not only a pain in the ass, but there is a ton of resin that is usually left behind that is amazingly difficult to remove.

Need any tips let me know, I've tried it ALL.

I'd pay $1000 dollars easily to have that crap removed before even thinking about touching it.

scott's06 · 02-25-2007, 11:03 AM

i read the whole article on the gumball cars and i can't believe he has to sell it now....too bad ppl couldn't raise sum money for this guy. its a prize he shouldn't have to pay taxes.

eurospek · 02-25-2007, 11:04 AM

Quote:

Originally Posted by Pitcherman

He probably didn't expect the govt. to consider it a $60k car when it's only worth about $30k at most.

Idk much about Crawford pricing, but how much realistically do you think all those modifications are worth, not counting the vinyl wrap.

eurospek · 02-25-2007, 11:06 AM

Quote:

Originally Posted by scott's06

i read the whole article on the gumball cars and i can't believe he has to sell it now....too bad ppl couldn't raise sum money for this guy. its a prize he shouldn't have to pay taxes.

I agree with the latter, taxes should not be paid on contest prizes or lotteries.

1FSTSTI · 02-25-2007, 11:09 AM

I would never buy a car that has been so abused

rbento11 · 02-25-2007, 11:10 AM

gov. wants 25k in taxes

eurospek · 02-25-2007, 11:14 AM

http://www.brightcove.com/title.jsp?title=174314720

Here's a video of it.

yakmasterjack · 02-25-2007, 11:36 AM

Quote:

Originally Posted by rbento11

gov. wants 25k in taxes

Wow. How exactly does that work out?

fourseasonsandles · 02-25-2007, 11:47 AM

Quote:

Originally Posted by Pitcherman

He probably didn't expect the govt. to consider it a $60k car when it's only worth about $30k at most.

Yeah I dont get that either. This car is def not worth the 05 STi Cost + cost of all the mods. I would like to know where they came up with that # myself.

rbento11 · 02-25-2007, 11:48 AM

Quote:

Originally Posted by fourseasonsandles

Yeah I dont get that either. This car is def not worth the 05 STi Cost + cost of all the mods. I would like to know where they came up with that # myself.

HIN dictated the value of the car before it was given away. The government based its tax value off that.

**MadMan77** · 02-25-2007, 11:51 AM

Quote:

Originally Posted by rbento11

gov. wants 25k in taxes

Man that is 42% tax. That cannot be correct.

fourseasonsandles · 02-25-2007, 11:51 AM

Quote:

Originally Posted by rbento11

HIN dictated the value of the car before it was given away. The government based its tax value off that.

Still that is close to 50% in taxes.. and retarded.. The gov't sucks sometimes.

**MadMan77** · 02-25-2007, 11:57 AM

This is a quote from IRS.gov:

Prizes and awards in goods or services must be included in your income at their fair market value.

If they want $25k then you friend made way too much money last year and didn't pay his fair share of taxes. Either that or this "prize" bumped him up 20 tax brackets.

rbento11 · 02-25-2007, 12:06 PM

I think they valued it around 65k. 25k of 65k is ~38%

JerzeyBoySTI · 02-25-2007, 12:14 PM

Its just like winning the lotto. You pay nearly 35% on the prize... Value most likely includes the value of parts and labor. Im sure DC paid top dollar for everything.

02-25-2007, 10:43 AM	#16
STi_Mark Professional STI Driver Car: Black 05' STi Location: Bay Area, CA Posts: 474 Join Date: Dec 2004 Trader Rating: (3)	I have seen the video and this car gets the **** kicked out of it. I don't think I'd purchase the car on that basis, let alone the fact that I have had experience with vinyl, lots of it, and that car is completely COVERED in it! LOL I'd estimate that you if attempted to remove that vinyl yourself it would be around 40-60 man hours. Removing the vinyl itself is not only a pain in the ass, but there is a ton of resin that is usually left behind that is amazingly difficult to remove. Need any tips let me know, I've tried it ALL. I'd pay $1000 dollars easily to have that crap removed before even thinking about touching it. This ad is not endorsed by this member. Please register or login to hide this ad.

02-25-2007, 12:14 PM	#30
JerzeyBoySTI Junior STI Driver Car: 07 Pearl White STI Location: Mt. Laurel, NJ Posts: 128 Join Date: Jan 2007 Trader Rating: (0)	Its just like winning the lotto. You pay nearly 35% on the prize... Value most likely includes the value of parts and labor. Im sure DC paid top dollar for everything. This ad is not endorsed by this member. Please register or login to hide this ad.

02-25-2007, 11:03 AM	#17
scott's06 Senior STI Driver Car: 06 Subaru WRX STi Fav Mod: in-dash dvd Location: Kirkland Lake, Ontario Posts: 314 Join Date: Dec 2006 Trader Rating: (0)	i read the whole article on the gumball cars and i can't believe he has to sell it now....too bad ppl couldn't raise sum money for this guy. its a prize he shouldn't have to pay taxes.

02-25-2007, 11:09 AM	#20
1FSTSTI Professional STI Racer Car: 08 Silverado 2500HD Location: SoCal Posts: 615 Join Date: Dec 2005 Trader Rating: (1)	I would never buy a car that has been so abused

02-25-2007, 11:10 AM	#21
rbento11 Professional STI Driver Location: Boulder, CO Posts: 438 Join Date: Apr 2005 Trader Rating: (1)	gov. wants 25k in taxes

02-25-2007, 11:14 AM	#22
eurospek Professional STI Driver Car: 2005 SAAB 9-2X AERO Location: Chicago Posts: 476 Join Date: Jun 2006 Trader Rating: (1)	http://www.brightcove.com/title.jsp?title=174314720 Here's a video of it.

02-25-2007, 11:57 AM	#28
MadMan77 Gold Member Car: '04 WRB STi Location: Centerville, Georgia Posts: 1,526 Join Date: May 2005 Trader Rating: (6)	This is a quote from IRS.gov: Prizes and awards in goods or services must be included in your income at their fair market value. If they want $25k then you friend made way too much money last year and didn't pay his fair share of taxes. Either that or this "prize" bumped him up 20 tax brackets.

02-25-2007, 12:06 PM	#29
rbento11 Professional STI Driver Location: Boulder, CO Posts: 438 Join Date: Apr 2005 Trader Rating: (1)	I think they valued it around 65k. 25k of 65k is ~38%