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

[Smallcock]

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?

 

[alex52]

Take the money and invest it in us stocks.

 

[trod]

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

 

[Ken2013]

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

 

[basketcase]

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 $$).

 

[spaman]

cash is king

 

[richaceg]

Money...Car's value drops 50% once you put your ass on it.

 

[GPIDEAL]

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.

 

[DB123]

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.

I have a car...cash in a heartbeat

 

[baby_blue]

You can't get a SP with a car so of course the cash baby.

 

[GPIDEAL]

I have a car...cash in a heartbeat

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.

 

[superstar_88]

Well, I'm looking to buy a car so if it's a car I would consider driving then the car.

 

[tegR]

Take the money. Can buy a descent second hand car...

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.

 

[lance416]

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

 

[Smash]

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)?

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

 

[guelph]

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

 

[GameBoy27]

Cash. I have all the toys I need!

 

[Kailani]

I will take the car, sell it for $5G less than face value, then buy a nice smaller eco-friendly hybrid car and put the rest in the bank

 

[tribunus]

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.