Talk about a deal..
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Talk about a deal..
Just a short story..
A friend of mine just picked up her mom's 2005 LS430 for $10,000. It has 4,700 miles on it. Her mom wanted a new car, so she sold it to her daughter for $10K.
What a damn deal.
A friend of mine just picked up her mom's 2005 LS430 for $10,000. It has 4,700 miles on it. Her mom wanted a new car, so she sold it to her daughter for $10K.
What a damn deal.
Last edited by Lvangundy; May 3, 2006 at 05:59 AM.
Lexus Test Driver
Joined: Aug 2003
Posts: 1,018
Likes: 3
From: Virginia
What!
Is this a joke. Are you making a joke. Who does that for a LS430, rich,wealthy or well of or not. That is like a dream! $10,000 for a 1998 cant even be done(probably cant be:classic). How and why not me if this is true, Im surprised there arent more replies on this one. I cant imagine that happening to me! (GOD IS GOOD)
Last edited by BR1AN; May 2, 2006 at 04:25 PM.
A friend of mine got a free (brand new) 2005 Ultra Luxury LS430 as a gift from his dad... sounds like a better deal 
He picked the one sitting on the show room floor, i was with him. Should have seen the face of the lady at the bank who gave him the certified check for the full amount minus the deposit.
He picked the one sitting on the show room floor, i was with him. Should have seen the face of the lady at the bank who gave him the certified check for the full amount minus the deposit.
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Lexus Test Driver
Joined: Aug 2003
Posts: 1,018
Likes: 3
From: Virginia
Woooooow!
I cant in a million years imagine this happening to me. Life is crazy, while someone thinks there in Hell, another person is truly in Heaven! Crazy how sweet life is for some and all I can say is, that was a great thing done for another. (GOD IS GOOD)
Driver School Candidate
Joined: May 2006
Posts: 41
Likes: 0
From: NC
It's probably a tax avoidance gift thing. You can give $11,000 to a family member each year as a gift without it being taxable event. So it may be that Mom gave daughter this car as a $11,000 gift, Dad did the same thing (another $11,000) and the daughter is ponying-up $10,000 to fill in the remainder of the asset's true value for a total transfer value of $32,000. I'm not an accountant, but its a great way to pass on assets to your children without tax consequences (up to some total valuation limit which is a fairly big number as a I recall). So you folks with wealthy grandparents or parents, get them each to start giving away $11,000 per parent/grandparent to you each year!
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