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General & Off-Topic
General Vehicle Discussions
Damages new $300k Lamborghini
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<blockquote data-quote="Woodstock Car Guy" data-source="post: 21549" data-attributes="member: 243"><p>I have heard of people going bankrupt with similar wins. He will have to pay 50% tax for the car of the car on its' value brand new and now if he tries to sell his now used damaged (but repaired) vehicle after paying his insurance and deductible, he can end up with a net loss.</p></blockquote><p></p>
[QUOTE="Woodstock Car Guy, post: 21549, member: 243"] I have heard of people going bankrupt with similar wins. He will have to pay 50% tax for the car of the car on its' value brand new and now if he tries to sell his now used damaged (but repaired) vehicle after paying his insurance and deductible, he can end up with a net loss. [/QUOTE]
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General & Off-Topic
General Vehicle Discussions
Damages new $300k Lamborghini
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