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If you won a car would you take it or the money?

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Smallcock

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Jun 5, 2009
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If you won a car in a lottery (let's say value $70k), would you take the car or the cash (let's say $50k)? Why do lotteries give less cash than the value of the vehicle?

If you take the car you theoretically have $70k in value, but can you easily sell it for its full value? Who to sell it to? A dealer wouldn't buy it, would they? Could you structure a deal with them to take it for $60k and that way you still get an extra $10k?

If you take the cash, you lose $20k off the top.

What is the best strategy?
 
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trod

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Aug 3, 2009
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Take the money. Can buy a descent second hand car, invest some and blow the rest on SPs and MPs.
 
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Ken2013

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because most if not all the winners take the money the lump sum instead of car, so they pay less $$.
the best strategy is take the money regardless, and spend it on ur ATFs :D
 
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basketcase

Well-known member
Dec 29, 2005
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I'd take the cash without question unless the car was one on a list I would have bought anyways. Even then I might still take the cash (depending on the difference in $$).
 
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richaceg

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Feb 11, 2009
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Money...Car's value drops 50% once you put your ass on it.
 
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GPIDEAL

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Jun 27, 2010
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Depends. Generally, I would take the cash.

One of the lotteries would pay $50K cash if you didn't take their luxury Landrover (I think the particular Landrover would be worth more).

If I won a sub compact, I might give it to a family member.
 
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DB123

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Jul 15, 2013
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Her place
GPIDEAL said:
Depends. Generally, I would take the cash.

One of the lotteries would pay $50K cash if you didn't take their luxury Landrover (I think the particular Landrover would be worth more).

If I won a sub compact, I might give it to a family member.
Click to expand...
I have a car...cash in a heartbeat
 
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GPIDEAL

Prolific User
Jun 27, 2010
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DB123 said:
I have a car...cash in a heartbeat
Click to expand...
As I said, it all depends on your personal situation.

I have one too but not a Landrover and I may be due for a new one.

However, I don't need a Ferrari and would sell that in a heart beat.
 
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superstar_88

The Chiseler
Jan 4, 2008
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Well, I'm looking to buy a car so if it's a car I would consider driving then the car.
 
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tegR

Member
Jun 14, 2008
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trod said:
Take the money. Can buy a descent second hand car...
Click to expand...
This.

Unless the car was exactly one that I was planning to buy anyway... but even that's highly unlikely since I'd never be caught dead buying a brand new car and suffering the brand new instant 30-50% depreciation upon first contact of ass to seat.
 
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lance416

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Dec 19, 2012
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Always take the car. You can easily sell it for 60k minimum. This is 10k more than the cash :biggrin1:
 
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Smash

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Apr 20, 2005
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T Dot
Smallcock said:
If you won a car in a lottery (let's say value $70k), would you take the car or the cash (let's say $50k)?
Click to expand...
I would take the car and sell it privately for sayy $64k. Wright up a great ad and have a few pro pic's taken. The car will sell in no time
 
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guelph

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May 25, 2002
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Some of those cars would be so expensive to insure and maintain I would need to win a second lottery to pay the expenses
 
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tribunus

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May 26, 2008
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If it were a Ferrari or a R8 I would take the cash and run. No use for it in the city plus you'll be shitting bricks every time you park it in a public place. But with some of the more modest cars these Charity Lotteries offer, it wouldn't be a bad idea to take a daily driver.
 
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