Sell! Sell! Sell!
March 4th, 2011, 08:05 AM
#1
Got wood? I do! (an '89)
Thread Starter
Join Date: Nov 2010
Location: Southeast Michigan
Posts: 310
Sell! Sell! Sell!
All of you Olds 442 W-30 owners out there are sitting on gold mines (even more so than usual), according to this Craigslist posting:
classic 1970 olds 442 w-30 - $100000 (lowell, mi)
http://detroit.craigslist.org/okl/cto/2243186048.html
So, is this asking price from someone SERIOUSLY delusional or a typo?
[PLEASE be the former. It's SO much better that way...
]
xxx
classic 1970 olds 442 w-30 - $100000 (lowell, mi)
http://detroit.craigslist.org/okl/cto/2243186048.html
So, is this asking price from someone SERIOUSLY delusional or a typo?
[PLEASE be the former. It's SO much better that way...
]xxx
March 4th, 2011, 08:27 AM
#2
Registered
Join Date: Jul 2006
Location: Northeast Ohio
Posts: 4,430
Not out of the question, too rich for my blood though.
The capital gains taxes on an original untouched car with no high buck resto and part deductions would be a killer, the increased wealth would put you in a higher income tax bracket too.
Be lucky if you could afford a beater after you sold that thing for $100K.
The capital gains taxes on an original untouched car with no high buck resto and part deductions would be a killer, the increased wealth would put you in a higher income tax bracket too.
Be lucky if you could afford a beater after you sold that thing for $100K.
March 4th, 2011, 10:58 AM
#5
Registered User
Join Date: Oct 2009
Location: Pacific Northwest
Posts: 34
If he has the original card on this proving it is a W-30 then he might get that much.....those are pretty much the only way to verify an original. I am just about done with a Sebring Yellow W-30 with the all important docs to prove it. I am going to start a little higher than this car actually.
Scott...
Scott...
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