https://bringatrailer.com/listing/1968-ford-mustang-convertible-9/
It seems like a nice car? I hope Pete shares his comments.
Wow that color combo really works for me ,i'm usually not a fan of saddle interiors but that white top seems to really pull it all together .
I wished someone would have taken some paint thinner to the tail light bezels. The appraisal said correct KR 10 spoke wheels(sorry Pete for bringing up 10 spokes and 68s ;D ) and turned the speedway tires lettering to the inside at least. 30 dollar Drake repo shift knob it appears also. No caution fan sticker :). Still a really NICE car. Gary
Quote from: shelbymann1970 on April 09, 2021, 07:58:20 AM
I wished someone would have taken some paint thinner to the tail light bezels. The appraisal said correct KR 10 spoke wheels(sorry Pete for bringing up 10 spokes and 68s ;D ) and turned the speedway tires lettering to the inside at least. 30 dollar Drake repo shift knob it appears also. No caution fan sticker :). Still a really NICE car. Gary
It looks from a distance that "incorrect" things on this one are easy to fix? After all, the new owner will want to do something else then just wax it all of the time and just back it out of the garage? What's the big deal? Words aren't licensed are they?
AWESOME color combo
Quote from: SCJSTU on April 09, 2021, 05:14:26 PM
AWESOME color combo
it is probably my least liked color combo or close(Lime gold over saddle?). I have never been a white fan other than 65-67 white GT350s with blue LeMans stripes. I also like pearl white on CTS-Vs.
Did the KR dash emblem have pins on them like the GT350 and 500 emblems? Gary
No pins. I just took the glove box liner out to check and there are no pins coming through. 100% original emblem
Brad
wow 1 hour to go and its at 200K
Sold for $203,000. How would you do your Taxes on that? Can you write anything off? What would the IRS get?
^^^That's one big downside for selling at an auction. ^^^
Capital gains tax would be owed. The percent differs per state I believe. In N. Carolina, the percentage goes down after a number of years of ownership. Certain expenses put towards the vehicle could be used to offset the difference between what one paid for and what it sold for.
Quote from: shelbymann1970 on April 10, 2021, 08:09:01 AM
it is probably my least liked color combo or close(Lime gold over saddle?). I have never been a white fan other than 65-67 white GT350s with blue LeMans stripes. I also like pearl white on CTS-Vs.
How about this bad girl? You like?
QSS
(http://www.saacforum.com/gallery/249-200421234142.jpeg)
Quote from: QuickSilverShelby on April 20, 2021, 11:32:21 PM
Quote from: shelbymann1970 on April 10, 2021, 08:09:01 AM
it is probably my least liked color combo or close(Lime gold over saddle?). I have never been a white fan other than 65-67 white GT350s with blue LeMans stripes. I also like pearl white on CTS-Vs.
How about this bad girl? You like?
QSS
(http://www.saacforum.com/gallery/249-200421234142.jpeg)
I don't think your wife appreciates you talking about her like that.
lol
QSS
Quote from: tesgt350 on April 20, 2021, 04:03:19 PM
Sold for $203,000. How would you do your Taxes on that? Can you write anything off? What would the IRS get?
I'm in Mi and my capital gains on my 68 ran about 25 percent when I sold in 2013 iirc. I had the car also for 7 years. What sucks is that other vehicles I owned at the time if I sold they wouldn't offset my gains. Vehicles are vehicles but not in the eyes of Uncle Sam.
Quote from: shelbymann1970 on April 22, 2021, 10:11:18 AM
Quote from: tesgt350 on April 20, 2021, 04:03:19 PM
Sold for $203,000. How would you do your Taxes on that? Can you write anything off? What would the IRS get?
I'm in Mi and my capital gains on my 68 ran about 25 percent when I sold in 2013 iirc. I had the car also for 7 years. What sucks is that other vehicles I owned at the time if I sold they wouldn't offset my gains. Vehicles are vehicles but not in the eyes of Uncle Sam.
You just get to share the gains, not the losses.
Dumb question: How do the feds find out? I have yet to sell a car for a profit, but it could happen some day. Do states report sales tax to the feds or is it the banks reporting large transactions?
Quote from: KR Convertible on April 22, 2021, 10:43:47 AM
Dumb question: How do the feds find out?
From an Oh BMV friend; the old title is looked at when received in Columbus and the new listed selling price is compared to any previous price on the title or after a certain year(mid 80s) a stored transaction. That data is supposed to be sent to the IRS with whatever address is on there for the seller. When I bought my GTA (76) the seller's name was misspelled on the title and he had moved to SC from Oh. Many years later I asked him about this and he never got anything from the gov. My take is the bmv does the 'best it can' on sending data on. ;) Think about how many car transfers happen everyday.
Quote from: KR Convertible on April 22, 2021, 10:43:47 AM
Dumb question: How do the feds find out? I have yet to sell a car for a profit, but it could happen some day. Do states report sales tax to the feds or is it the banks reporting large transactions?
Maybe another reason not to sell at a public auction?
Quote from: KR Convertible on April 22, 2021, 10:43:47 AM
Dumb question: How do the feds find out? I have yet to sell a car for a profit, but it could happen some day. Do states report sales tax to the feds or is it the banks reporting large transactions?
I was wired the money to my bank account. Gets reported. It isn't worth the hassle so I paid. Keep ALL your receipts. Cash deal? Trades? Well maybe a different story.