Compensation
#706
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Otherwise the comp means even less to the buyer AND they still pay taxes on the full price of the car...
#707
Rennlist Member
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One other consideration with regards to the 3 year service contract option: Does it include the pre and post track checklist items recommended for DE? If it does, I might take the 3 year service deal and tires. I asked that question, but she did not know. She will ask and get back to me next week. Anyone else have any additional info?
#708
Rennlist Member
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I definitely do NOT want to pay taxes on the comp. They should give the option to have that amount deducted from price of the car for those who decide to accept the cash comp.
Otherwise the comp means even less to the buyer AND they still pay taxes on the full price of the car...
Otherwise the comp means even less to the buyer AND they still pay taxes on the full price of the car...
#709
Rennlist Member
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One other consideration with regards to the 3 year service contract option: Does it include the pre and post track checklist items recommended for DE? If it does, I might take the 3 year service deal and tires. I asked that question, but she did not know. She will ask and get back to me next week. Anyone else have any additional info?
#710
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If the car is epic and rock-solid moving forward people will still be lining up for it and depreciation may not be an issue. Yes, that may be a big IF. So yes, we should be compensated. Extended warranty + cash is good. I wish it was 2 years + twice the cash but this will keep me on board as long as they get us our new engines quickly (and the warranty is transferable & the “cash” is actually cash).
Mark & John - thanks for posting.
#711
Rennlist Member
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One other consideration with regards to the 3 year service contract option: Does it include the pre and post track checklist items recommended for DE? If it does, I might take the 3 year service deal and tires. I asked that question, but she did not know. She will ask and get back to me next week. Anyone else have any additional info?
#712
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One more thing regarding the warranty extension, it really should be 18 additional months for people who have taken position of their cars to make it fair, considering that the people who have not received their cars yet, will get the full 5 years warranty where our warranty is expiring slowly as our cars are collecting dust. So extending to 18 months or resetting the clock of when the 5 year warranty starts, to the date you get your car back with new engine is the only fair solution. Again they are not sure and I was told they are debating this issue. Mark
#713
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One more thing regarding the warranty extension, it really should be 18 additional months for people who have taken position of their cars to make it fair, considering that the people who have not received their cars yet, will get the full 5 years warranty where our warranty is expiring slowly as our cars are collecting dust. So extending to 18 months or resetting the clock of when the 5 year warranty starts to the date you get your car back with new engine is the only fair solution. Again they are not sure and I was told they are debating this issue. Mark
So, basically, sounds like these calls broadly outline their offer package, but the specifics won't be detailed until the swap takes place?
#714
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Regarding will we get a check or will the $2k per month be a reduction of the price we pay for the car. I asked that specific question.
Answer: Once you pay for your car PNA will send us a check for the $2k per month once we sign "something". I am sure that "something" will say you have no more rights for money from Porsche due to defective engine matter.
For those of you that think Porsche will give you money first and then have the ability to cancel the car purchase, thing again.
No ticket no washie. No purchase, no compensation.
Answer: Once you pay for your car PNA will send us a check for the $2k per month once we sign "something". I am sure that "something" will say you have no more rights for money from Porsche due to defective engine matter.
For those of you that think Porsche will give you money first and then have the ability to cancel the car purchase, thing again.
No ticket no washie. No purchase, no compensation.
#715
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Regarding will we get a check or will the $2k per month be a reduction of the price we pay for the car. I asked that specific question. Answer: Once you pay for your car PNA will send us a check for the $2k per month once we sign "something". I am sure that "something" will say you have no more rights for money from Porsche due to defective engine matter. For those of you that think Porsche will give you money first and then have the ability to cancel the car purchase, thing again. No ticket no washie. No purchase, no compensation.
Anyone know if we owe taxes on that?
#716
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Funny, before all this you could probably sold the car for over sticker. 10 to 12k is better than nothing if you just have to have the car. I don't think they get to 100k anytime soon but the 2014 will depreciate some. Just a question of how much and how bad you want the car. IMHO sticker is gone.
As far as a track car goes what did you think was going to be inexpensive the Porsche part or the racing part.
As far as a track car goes what did you think was going to be inexpensive the Porsche part or the racing part.
#717
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Regarding will we get a check or will the $2k per month be a reduction of the price we pay for the car. I asked that specific question.
Answer: Once you pay for your car PNA will send us a check for the $2k per month once we sign "something". I am sure that "something" will say you have no more rights for money from Porsche due to defective engine matter.
For those of you that think Porsche will give you money first and then have the ability to cancel the car purchase, thing again.
No ticket no washie. No purchase, no compensation.
Answer: Once you pay for your car PNA will send us a check for the $2k per month once we sign "something". I am sure that "something" will say you have no more rights for money from Porsche due to defective engine matter.
For those of you that think Porsche will give you money first and then have the ability to cancel the car purchase, thing again.
No ticket no washie. No purchase, no compensation.
#718
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I wonder how they will address guys that decide to give their cars back right now, that have spent money on clear bra, snow tires etc. Insurance?
Will that be reimbursed? I will be asking...
Will that be reimbursed? I will be asking...
#719
Race Director
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I am no accountant but I believe as long as it is under $9000 Uncle Sam will not find it. Just like at a casino. If you win big you spread the chips to buddies to help cash out so it is less than $9000 each so you hide it.
Now- That is my game but so nobody yell at me if they are doing every thing by the books. Legally some one here who is an accountant will certainly find fault in this but never got me in to trouble
Now- That is my game but so nobody yell at me if they are doing every thing by the books. Legally some one here who is an accountant will certainly find fault in this but never got me in to trouble
#720
Rennlist Member
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Loss of use is to compensate us for the lost of use of our cars. It should not be a taxable event.