300k for a 5.0???? - Page 2

dgriddick · 01-19-2014, 03:12 AM

If I was filthy rich, sure I would.

But again, only if it was a drop in the bucket to me.

I'm sure the gentlemen who bought the car was very wealthy and not mortgaging his house over it.

If I were filthy rich.. I would donate that kind of money to wounded warriors, battered women, children in poor living conditions, or assist people on hard times.how about helping farmers that feed us? contribute to a scholarship program to educate that next great president or surgeon that with out the money would never make it to college .. Not throw money in an auction to over priced cars as I turned a blind eye to people here in our own back yard suffering as we feel it does not affect us and choose to ignore it..

Its about values.. Its a car.. and its not even made in the US..

jd10013 · 01-19-2014, 07:31 AM

Quote:

Originally Posted by stikSS

The charity is fine... but me... I couldn't see myself buying that for that price tag. The z28 is different just because it's not gonna be a mass produced car and the COPO is what it is.

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it's charity, they aren't really concerned about what they're getting. people make lagre donations like that all the time. this was just done with (I'm assuming) donated cars to make it a little more fun and maybe drive the bidding up some.

your not seeing the forest for the trees

NewDivide · 01-19-2014, 08:21 AM

$300K for a Mustang. At least w/ PBS you get a mug when you make a donation.

Shortbus · 01-19-2014, 08:54 AM

Quote:

Originally Posted by dgriddick

If I was filthy rich, sure I would.

But again, only if it was a drop in the bucket to me.

I'm sure the gentlemen who bought the car was very wealthy and not mortgaging his house over it.

If I were filthy rich.. I would donate that kind of money to wounded warriors, battered women, children in poor living conditions, or assist people on hard times.how about helping farmers that feed us? contribute to a scholarship program to educate that next great president or surgeon that with out the money would never make it to college .. Not throw money in an auction to over priced cars as I turned a blind eye to people here in our own back yard suffering as we feel it does not affect us and choose to ignore it..

Its about values.. Its a car.. and its not even made in the US..

The money did go to charity. I think you're missing the point here.

stikSS · 01-19-2014, 08:57 AM

The donation is very valid... and maybe he has a multi billion dollar business that he needs a huge donation tax write off cause he's in that car for life. If he brought it back to BJ next year... I bet it wouldn't go for half of that.

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jd10013 · 01-19-2014, 09:04 AM

Quote:

Originally Posted by stikSS

The donation is very valid... and maybe he has a multi billion dollar business that he needs a huge donation tax write off cause he's in that car for life. If he brought it back to BJ next year... I bet it wouldn't go for half of that.

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or maybe he's just a charitable person? I still think your missing the point. it was a charity event that used cars to raise the money. it wasn't about a car to drive, or an investment. it was charity. the car is kind of irrelevant.

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Mr_Draco · 01-19-2014, 09:07 AM

Quote:

Originally Posted by stikSS

Did I just witness someone buy a 2015 5.0 for 300k?...granted it's vin 1... but it's a mass produced car... you sir.. The bidder just acquired about 275k in negative equity!! There's nothing different from the previous generation other than they somehow successfully made the ass end worse.....

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People who do this do it for the tax benefits. Everything above the actual cost of the car is a tax write off and he will get it all back come tax time next year.

flyer08 · 01-19-2014, 11:57 AM

I'm not sure half the people in here even have a job. Wile to you it's just a car some people in the world are multimillionaires multiple times over. For them to drop $300k on a charity is nothing. It doesn't matter if its the #1 mustang, camaro, or civic. They are donating money to charity. So cares that they over paid for a car? Im sure you overpaid for your camaro but your money went to the dealership instead

Bhobbs · 01-19-2014, 12:23 PM

You guys are missing the point. $650k is nothing to those guys. That's why they can blow that much on a car without flinching. It's another one in a collection of dozens of cars.

Trob85 · 01-19-2014, 12:27 PM

I would love the z/28 #1 build even at 650,000 but honestly look at your odds, your bidding against Rick Hendricks good luck winning that game. Also anyone that says I wouldnt waste that much on a production car 1.if you could afford that car it would be in your collection of probably 10-20 cars that cost the same and you wouldn't put hardly any miles on it so what would it matter face it, it is a collector car. 2-that big price tag that comes with the car is just a tax write off (due to charity) that they can recoupe at years end so not hurting their pocket.

jd10013 · 01-19-2014, 12:42 PM

Quote:

Originally Posted by Mr_Draco

People who do this do it for the tax benefits. Everything above the actual cost of the car is a tax write off and he will get it all back come tax time next year.

it's not just taxes, it's also about charitable giving. this is the kind of stuff guys like Leno will buy.

dgriddick · 01-20-2014, 10:23 AM

I'm not sure half the people in here even have a job. Wile to you it's just a car some people in the world are multimillionaires multiple times over. For them to drop $300k on a charity is nothing. It doesn't matter if its the #1 mustang, camaro, or civic. They are donating money to charity. So cares that they over paid for a car? Im sure you overpaid for your camaro but your money went to the dealership instead

No.. I didnt over pay for my car, mine is paid for .. details are not important ( but obviously youre uninformed).... Im sure everyone up here has a job and works hard for what they have..

If it goes to charity which I did not know.. excellent...

*DGthe3* · 01-20-2014, 01:35 PM

Quote:

Originally Posted by dgriddick

If it goes to charity which I did not know.. excellent...

The first person who replied to the thread stated that it was for charity. If I remember correctly from the broadcast, money from the 1st 2015 Mustang is going towards juvenile diabetes research. The Z/28 supported something to do with educating under privileged kids in Detroit, and the COPO proceeds went towards Wounded Warriors.

nester7929 · 01-21-2014, 12:54 AM

Let's also remember that this isn't just the first one built for a model year, but an entire generation. There are six generations (including the upcoming one), so 300k for a "1 of 6" car isn't all that unsurprising. Especially when charity is factored in.

Also, Sam Pack is the guy who bought it. He owns a large percentage of the dealerships throughout DFW, so it's not surprising that he would make a large donation and get a unique car out of it.

01-19-2014, 08:21 AM	#17
NewDivide NewDivide Drives: SW '13 1SS/RS & '12 Honda CRV Join Date: Jan 2011 Location: South East, Mass Posts: 921 View My Garage	$300K for a Mustang. At least w/ PBS you get a mug when you make a donation. __________________

01-19-2014, 08:57 AM	#19
stikSS 9691 & 97586 Drives: 2010 SS, 1999 SS, 1993 Z28 Join Date: Mar 2009 Location: Sanford, NC Posts: 2,814 View My Garage	The donation is very valid... and maybe he has a multi billion dollar business that he needs a huge donation tax write off cause he's in that car for life. If he brought it back to BJ next year... I bet it wouldn't go for half of that. Sent from my SM-N900V using Tapatalk __________________ http://www.camarosouth.com camarosouth@hotmail.com

01-19-2014, 03:12 AM	#15
dgriddick Drives: 2011 Camaro SS/RS Join Date: Nov 2013 Location: Vriginia Beach Posts: 338	If I was filthy rich, sure I would. But again, only if it was a drop in the bucket to me. I'm sure the gentlemen who bought the car was very wealthy and not mortgaging his house over it. If I were filthy rich.. I would donate that kind of money to wounded warriors, battered women, children in poor living conditions, or assist people on hard times.how about helping farmers that feed us? contribute to a scholarship program to educate that next great president or surgeon that with out the money would never make it to college .. Not throw money in an auction to over priced cars as I turned a blind eye to people here in our own back yard suffering as we feel it does not affect us and choose to ignore it.. Its about values.. Its a car.. and its not even made in the US..

01-19-2014, 11:57 AM	#22
flyer08 Account Suspended Drives: 2010 2SS/RS Join Date: Jun 2009 Location: Texas Posts: 3,418	I'm not sure half the people in here even have a job. Wile to you it's just a car some people in the world are multimillionaires multiple times over. For them to drop $300k on a charity is nothing. It doesn't matter if its the #1 mustang, camaro, or civic. They are donating money to charity. So cares that they over paid for a car? Im sure you overpaid for your camaro but your money went to the dealership instead

01-19-2014, 12:23 PM	#23
Bhobbs Drives: 2015 SS 1LE Red Hot, 1970 Chevelle Join Date: Apr 2012 Location: Chino, CA Posts: 6,989	You guys are missing the point. $650k is nothing to those guys. That's why they can blow that much on a car without flinching. It's another one in a collection of dozens of cars.

01-19-2014, 12:27 PM	#24
Trob85 Svt lol Drives: 2011 ss inferno orange blown Join Date: Jan 2012 Location: Topeka Posts: 2,312	I would love the z/28 #1 build even at 650,000 but honestly look at your odds, your bidding against Rick Hendricks good luck winning that game. Also anyone that says I wouldnt waste that much on a production car 1.if you could afford that car it would be in your collection of probably 10-20 cars that cost the same and you wouldn't put hardly any miles on it so what would it matter face it, it is a collector car. 2-that big price tag that comes with the car is just a tax write off (due to charity) that they can recoupe at years end so not hurting their pocket.

01-20-2014, 10:23 AM	#26
dgriddick Drives: 2011 Camaro SS/RS Join Date: Nov 2013 Location: Vriginia Beach Posts: 338	I'm not sure half the people in here even have a job. Wile to you it's just a car some people in the world are multimillionaires multiple times over. For them to drop $300k on a charity is nothing. It doesn't matter if its the #1 mustang, camaro, or civic. They are donating money to charity. So cares that they over paid for a car? Im sure you overpaid for your camaro but your money went to the dealership instead No.. I didnt over pay for my car, mine is paid for .. details are not important ( but obviously youre uninformed).... Im sure everyone up here has a job and works hard for what they have.. If it goes to charity which I did not know.. excellent...

01-21-2014, 12:54 AM	#28
nester7929 Rice Harvester Drives: 2014 Bright Yellow 2SS/RS Join Date: May 2008 Location: Plainview, TX Posts: 1,449	Let's also remember that this isn't just the first one built for a model year, but an entire generation. There are six generations (including the upcoming one), so 300k for a "1 of 6" car isn't all that unsurprising. Especially when charity is factored in. Also, Sam Pack is the guy who bought it. He owns a large percentage of the dealerships throughout DFW, so it's not surprising that he would make a large donation and get a unique car out of it.

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