well its done....
Burning Brakes
Joined: May 2006
Posts: 875
Likes: 0
From: Ventura County, CA
Great car the Bentley, congratulations ....
I am using PS21 Wax on my silver E55 and is it working out pretty good so far. You'll get a boat load of opinions on waxes for your Bentley. Contact Moe Mistry at:
www.glisteningperfection.com
Moe can provide you with information and sell you the products you need to keep that Bentley looking good...
I am using PS21 Wax on my silver E55 and is it working out pretty good so far. You'll get a boat load of opinions on waxes for your Bentley. Contact Moe Mistry at:
www.glisteningperfection.com
Moe can provide you with information and sell you the products you need to keep that Bentley looking good...
Three Wheelin'
Joined: Jan 2006
Posts: 1,698
Likes: 4
From: Longboat Key, FL
Originally Posted by black/terra
traded my car for $100K even towards a 2004 silver Bentley GT Coupe with 3744 miles on her.
The final selling price was $142,200.
so you could have got it for about $120k cash?
One huge advantage of this type of deal is that I only pay tax on the difference saving me about $8.5k overall.
that's because you already paid the tax on the porsche.
you didn't save a dime.
I'd be curious as to what the dealership is going to sell the P-car for but best beleive they'll make $10K one way or another.
huh? "best believe"? probably hoping to get $80k if their really lucky.
I would say overall I took about a $5k bath not incusive of shipping charges on this whole ordeal but I must say it was worth it.
slight understatement!
i learned a bit along the way and got a chance to own and drive one of the best cars out there.
but you had already owned two?
At 40 years of age, being my third 911, I finally felt as if I've outgrown the P.
how do you outgrow a car?
It's size and sporting character didnt mean as much to me now as I thought before I pulled the trigger.
all those few months ago?
I can post my driving impressions if theres any interest.
The final selling price was $142,200.
so you could have got it for about $120k cash?
One huge advantage of this type of deal is that I only pay tax on the difference saving me about $8.5k overall.
that's because you already paid the tax on the porsche.
you didn't save a dime.
I'd be curious as to what the dealership is going to sell the P-car for but best beleive they'll make $10K one way or another.
huh? "best believe"? probably hoping to get $80k if their really lucky.
I would say overall I took about a $5k bath not incusive of shipping charges on this whole ordeal but I must say it was worth it.
slight understatement! i learned a bit along the way and got a chance to own and drive one of the best cars out there.
but you had already owned two?
At 40 years of age, being my third 911, I finally felt as if I've outgrown the P.
how do you outgrow a car?
It's size and sporting character didnt mean as much to me now as I thought before I pulled the trigger.
all those few months ago?
I can post my driving impressions if theres any interest.
i'l be sure and let him know!
hope you don't outgrow the bentley!
future best,
jeff
Pro
Joined: Nov 2005
Posts: 630
Likes: 1
From: Los Angeles
That car is FAST. I was cruising at 120mph and SHE (yes a woman) decided not to let me overtake her and just crunched it. I could hear the W12 go. Even in my V10 M5 I could just barely stay with the Bentley. I had my wife and kid with me so I didn't choose to follow her past 160mph. Left me standing at 140mph while she hit probably 170mph. I did overtake her when she had to stop pour l'essence. And no she wasn't gorgeous (the woman) but just a short little lady with an attitude.
Congrats on the new car.
Congrats on the new car.
Rennlist Member
Joined: Mar 2006
Posts: 6,570
Likes: 89
From: Austin
Originally Posted by icon
my grand father may be interested!
i'l be sure and let him know!
hope you don't outgrow the bentley!
future best,
jeff
i'l be sure and let him know!
hope you don't outgrow the bentley!
future best,
jeff
Nordschleife Master
Joined: Jan 2006
Posts: 6,322
Likes: 1
From: Canada
congrats pete looks - eh well the wheels aren't my taste, but as we all know, opinions are like....
Anyways, wow, I'm surprised you traded the car in for $100k - that's insane! You really sold it to them didn't you?
Anyways, wow, I'm surprised you traded the car in for $100k - that's insane! You really sold it to them didn't you?
Three Wheelin'
Joined: Jan 2006
Posts: 1,698
Likes: 4
From: Longboat Key, FL
Originally Posted by jhbrennan
Not sure if California works the same as Colorado but on the sales tax issue, what he saved by trading in was mot having to pay tax on the full purchase price of the Bentley. The value of the trade was netted against the purchase price of the Bentley and he was taxed on the net amount. If he had sold the P-car outright he would have paid sales tax on the full cost of the Bentley. That's where the savings is.
you trade at wholesale
you pay tax on the sale price less the trade, that you already paid tax on.
if you sell the vehicle yourself, you receive more money unless you undervalue the vehicle.
so there is really a trade off, not a savings.
it would also have to be considered more of a penalty for selling the vehicle yourself than a savings for trading.
jeff
Nordschleife Master
Joined: Mar 2006
Posts: 9,274
Likes: 1
From: in a happy place
Originally Posted by jhbrennan
Not sure if California works the same as Colorado but on the sales tax issue, what he saved by trading in was mot having to pay tax on the full purchase price of the Bentley. The value of the trade was netted against the purchase price of the Bentley and he was taxed on the net amount. If he had sold the P-car outright he would have paid sales tax on the full cost of the Bentley. That's where the savings is.
Pro
Joined: Jun 2006
Posts: 602
Likes: 1
Sweet! As long as you're not driving around in L.A. you will likely never see another one. Was on a trip very recently and cruised around Malibu, Santa Monica, and Beverly Hills...literally saw 15 Bentley GT's over the course of three days. Definitely the new "it" car. Enjoy!
Three Wheelin'
Joined: May 2006
Posts: 1,885
Likes: 286
From: TEXAS
IN & OUT: sell your car to an individual and have them do the paperwork at your dealer for the car you sold them. This allows you and the dealer to "wash the trade", off set your cost bases in your old car to you new car, thereby saving you taxes. I do this often! The best of both worlds.
Three Wheelin'
Joined: Sep 2003
Posts: 1,983
Likes: 22
From: Westlake Village, CA
Yo! thats a pimp ride yo!
Looks like its right outta Ultimate Whips.....
Are the front grills on those cars REALLY made of "chrome look" plastic? Thought I read an article about that.
Looks like its right outta Ultimate Whips.....
Are the front grills on those cars REALLY made of "chrome look" plastic? Thought I read an article about that.
