HH Trailers Camaro Giveaway

[*rayman*]

I was flicking through a magazine in the newsagency this arve, and came across a very interesting ad for a trailer company giving away a tough looking 69 camaro.

Here's the link, it's a pity i can't enter:

http://www.hhtrailer.com/default.asp?page=ultimate69sweepstakes

It's probably old news to you guys though. I love the stance the car has.

[Clockwork]

Thanks for the heads up Ray, I'm in.

[XcYZ]

Looks a little too low in the rear for me... but that wouldn't stop me from accepting it if I won! lol

http://www.hhtrailer.com/images/content/2005CamaroProfilelrg.jpg

[907rs]

Looks a little too low in the rear for me... but that wouldn't stop me from accepting it if I won! lol

http://www.hhtrailer.com/images/content/2005CamaroProfilelrg.jpg

Yeah, that could be fixed easy enough.

[Derek69SS]

Yeah, that could be fixed easy enough.
...by lowering the front some more :unibrow:

[RussMS]

I am in. :thumbsup:

Information must be filled out completely and accurately in order to be entered. You can only enter once per day so make sure your information is correct before your submit your entry.

And will be entering every day as per thier instructions. :D

[almcbri]

I am in as well. hmm...which one would you take? 25,G's or the 40K car?
Wonder what taxes would be on a car like that?
Car is a little low for my like'n, but nice looking car.

[RussMS]

Wonder what taxes would be on a car like that?

Per IRS:

Winnings from lotteries and raffles are gambling winnings. In addition to cash winnings, you must include in your income bonds, cars, houses, and other noncash winnings at their fair market value.

But if you won it one of the following would likely happen:

Per IRS:

Noncash payments. A noncash payment, such as a car, must be taken into account at its fair market value (FMV) for purposes of reporting and withholding. If the FMV exceeds $5,000, after deducting the price of the wager, the winnings are subject to 25% regular gambling withholding. The tax you must withhold is computed and paid under either of the following two methods:

1. The winner pays the withholding tax to the payer. In this case, the withholding is 25% of the FMV of the noncash payment minus the amount of the wager.

2. The payer pays the withholding tax. In this case, the withholding is 33.33% of the FMV of the noncash payment minus the amount of the wager.


So lets assume the winner pays and the FMV is the $40,000: Taxes to be paid by the winner (when they win): $10,000. That will go up or down when the tax return is filed on April 15. If you didnt pay it when you won you would likely have to pay it when you file your taxes.

I would argue though that the Fair Market Value of the vehicle is the same as the cash option or a sales price if sold for less than the stated Fair Market Value.

There is more than you probably ever wanted to know Andrew :D

[Streetking]

I saw that car at SEMA last year. It was ROUGH.. It was upstairs in their booth close to where "Overhauling" was going on. Unless it was completely rebuilt, you would have to start over..

I guess if it was "free", it would be ok.. ;)

SW

[69rs]

You guys don't have to enter anymore. I'm gonna win! :P



I saw that car at SEMA last year. It was ROUGH.. It was upstairs in their booth close to where "Overhauling" was going on. Unless it was completely rebuilt, you would have to start over..

I guess if it was "free", it would be ok.. ;)

SW

It's probably not as rough as mine, is closer to being a g-machine than mine, and it's "free-ish"! :D

[*rayman*]

well, here's the deal, if any of you guys from the forum win it, i'm flying over to the usa, and you're going to put me up for a couple of weeks and we'll cruise around in it. Sounds fair to me, seen as though you didnt know about it getting given away :_paranoid

Any of you guys live near pomona? I plan on heading over to a swap meet next year.

[Derek69SS]

I promise WHEN I win it, I'll even let you drive it. :thumbsup:

[Kris Horton]

Pomona's right down the road from me. About 15 minutes or so. Never been to the swap meet, I'll have to go some time.

Kris

[Streetking]

You guys don't have to enter anymore. I'm gonna win! :P





It's probably not as rough as mine, is closer to being a g-machine than mine, and it's "free-ish"! :D

Jim, I'm sure your car is a lot nicer, but for free, it would be great.

SW

[zbugger]

First, the reason it's lower in the rear is because it's aired down. Yup. It's bagged. The front has shockwaves, so it won't go that low. It also has Marquez tail lights on it. You can see the build up in Chevy Rumble magazine. It's not a bad car, actually.

[Richz68]

Beggers can't be choosers!!


I would love to beat on that car while I'm building mine!! :unibrow:


I bet the reason why it sits so low in tha back is the "Unique Car Audio put two huge woofers in the trunk, a killer amp in the trunk floor" with those heavy tips hangin off the rear what springs could hadle it??? :cool:

Car sweepstakes do come true, my old boss just one a H2 a few weeks ago and I personally know four other people who have won cars over the years from shows and promotions.



I just hope one of us gets the call!!! Good Luck to everyone!