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2015+ Shelby GT350 Mustang
2016 Shelby GT350 Raffle
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<blockquote data-quote="REX-RACER" data-source="post: 15418745" data-attributes="member: 14222"><p>I'm not complaining, just seeking info given I did buy a few tickets on the GT350R raffle. It's a cash a logistical issue that bares some thought given that is a hefty chunk of change to have to suddenly come out of pocket.</p><p></p><p></p><p></p><p>That's good to know. 30 days was even less than I thought, I figured you'd have until the normal tax deadline in April to pull the cash together but I guess it makes sense if it's to protect the charity.</p><p></p><p></p><p></p><p>This is essentially what I was wondering about? Curious if there's any special rules around this or how it might affect your credit score? Having done a payment plan for back taxes in the past ( thankfully over and done ) I know that can show up on your credit report plus the IRS isn't exactly known for it's flexibility. </p><p></p><p></p><p></p><p>Was kinda thinking along these lines too though I don't know that I would stake the car itself. Rather, if I were to win I'd probably look at doing a signature loan from one of the peer-to-peer or possibly even my credit union. I did a $20k / 3 yr loan from Lending Club a couple years ago at 7.5% and was able to pay the loan off in 2 yrs so I beat the interest by a pretty good margin. Even if you paid 7.5% for 3 yrs on 25k for taxes on a GT350 that would be like paying a normal car note on a new Focus ST but you obviously end up w/ a way better car. Like you say, not a bad problem to have! :beer:</p></blockquote><p></p>
[QUOTE="REX-RACER, post: 15418745, member: 14222"] I'm not complaining, just seeking info given I did buy a few tickets on the GT350R raffle. It's a cash a logistical issue that bares some thought given that is a hefty chunk of change to have to suddenly come out of pocket. That's good to know. 30 days was even less than I thought, I figured you'd have until the normal tax deadline in April to pull the cash together but I guess it makes sense if it's to protect the charity. This is essentially what I was wondering about? Curious if there's any special rules around this or how it might affect your credit score? Having done a payment plan for back taxes in the past ( thankfully over and done ) I know that can show up on your credit report plus the IRS isn't exactly known for it's flexibility. Was kinda thinking along these lines too though I don't know that I would stake the car itself. Rather, if I were to win I'd probably look at doing a signature loan from one of the peer-to-peer or possibly even my credit union. I did a $20k / 3 yr loan from Lending Club a couple years ago at 7.5% and was able to pay the loan off in 2 yrs so I beat the interest by a pretty good margin. Even if you paid 7.5% for 3 yrs on 25k for taxes on a GT350 that would be like paying a normal car note on a new Focus ST but you obviously end up w/ a way better car. Like you say, not a bad problem to have! :beer: [/QUOTE]
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2015+ Shelby GT350 Mustang
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