guy wins lamborghini ---- then crashes it.....

22 Dec 2011 12:34 #1 by bailey bud

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22 Dec 2011 12:43 #2 by ScienceChic
Well, at least he also won $5,000 worth of driving lessons...too little too late though. :)

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22 Dec 2011 12:54 #3 by LOL
What is funnier is he is going to owe 2011 taxes on this by April 15th. $300,000 car -$3500 insurance, now he has to sell it after it gets repaired as a used, expensive sports car and probably owes >40% in taxes. Thats a problem with big prizes, you have to pay taxes with cash from another source. He may have trouble breaking even depending on the sale price. LOL

If you ever win a big prize, best advice is to sell immediately for the taxes owed. Unless you can afford it.

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22 Dec 2011 14:33 #4 by bailey bud
Insurance bill ---- $3,500
Taxes ---- $120,000
Total due: $123,500

What do you think a wrecked Lamborghini is worth - even if it is fixed?

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22 Dec 2011 18:53 #5 by pacamom
Base price, not wrecked, nearly $400,000 with no options.

http://autos.yahoo.com/lamborghini/murc ... price.html

Even if it costs 5,000 to fix, which should be covered by the insurance, he still stands to make some money

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22 Dec 2011 18:57 #6 by jf1acai
Plus he had the opportunity to wreck a Lamborghini - priceless! :wink:

Edited to add http://www.telegraph.co.uk/motoring/new ... dents.html

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22 Dec 2011 19:09 #7 by otisptoadwater

jf1acai wrote: Plus he had the opportunity to wreck a Lamborghini - priceless! :wink:


It makes me wonder how the insurance company will view this guy in the future. He won a Lambo and wrecked it within hours of taking possession. How careful is he with his other vehicles?

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23 Dec 2011 07:10 #8 by ShilohLady
Did you read the story? Some damage but not major and the wreck was the result of black ice combined with a light weight car with summer tires....

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