If you won a shiny, new but gas-guzzing SUV... (sell, old, money)

[ragnarkar]

... what would you do?

I frequently see those instant-win applications in malls to win a new car that's usually a lot more fuel inefficient that my current 13 year old car. I have the crazy idea that if I ever won, I'd sell the car right away and pocket the cash while continuing to drive my 13 year old car that gets better MPG, costs less to insure, and costs less to maintain. Most people would think you're insane..

[Tallysmom]

It's simple -- don't enter contests with stuff you don't want to win.

[ram2]

Originally Posted by ragnarkar

... what would you do?

I frequently see those instant-win applications in malls to win a new car that's usually a lot more fuel inefficient that my current 13 year old car. I have the crazy idea that if I ever won, I'd sell the car right away and pocket the cash while continuing to drive my 13 year old car that gets better MPG, costs less to insure, and costs less to maintain. Most people would think you're insane..

That SUV will tow a boat or camper better than your car.

[Pitt Chick]

Originally Posted by ragnarkar

... what would you do?

I frequently see those instant-win applications in malls to win a new car that's usually a lot more fuel inefficient that my current 13 year old car. I have the crazy idea that if I ever won, I'd sell the car right away and pocket the cash while continuing to drive my 13 year old car that gets better MPG, costs less to insure, and costs less to maintain. Most people would think you're insane..

You'll need some of that cash to pay the taxes, you know.

[Ruth4Truth]

Originally Posted by ragnarkar

... what would you do?

I frequently see those instant-win applications in malls to win a new car that's usually a lot more fuel inefficient that my current 13 year old car. I have the crazy idea that if I ever won, I'd sell the car right away and pocket the cash while continuing to drive my 13 year old car that gets better MPG, costs less to insure, and costs less to maintain. Most people would think you're insane..

Well, I thought about it. Especially since one of the poll options was, use the money to buy a fuel-efficient vehicle. I could get behind a hybrid. But here's the catch. You will owe taxes on your win. Once you pay the taxes, would there be enough money left over to buy a hybrid (or other fuel-efficient vehicle)? The money might be more wisely put to use in the stock market.

[Crazee Cat Lady]

I would sell it and pocket the cash - or possibly by an energy efficient hybrid type car, if there was
enough money left after paying the taxes on the vehicle.

[beachmouse]

We like our current two cars, so it would be sell it, pay the taxes, and use the remaining windfall to travel.

[Philip T]

Originally Posted by Ruth4Truth

Well, I thought about it.

mkay . . . but this part . . .

The money might be more wisely put to use in the stock market.

That part was a joke. right? Right?

Pretty funny, I would say . . . but it was a joke?

[RyanR]

I'd keep it. I'd already be $30,000+ ahead in the total cost of ownership. For me, it wouldn't be a daily driver (but I don't drive much so I drive a full size, quad cab truck anyway).

Be it this new SUV or my truck, it's normally at least 3-4 passengers and possibly the dog and it's very common to have something in tow or by some fashion, the bed filled. I only go to town about once per month... When I do go to town, I get everything I need for at least a month.

Since I only drive 5K miles per year, even at 15 MPG's, I'm only using 330 gallons (about $1K) of gas per year. Toss in $500 for insurance and I'm driving something nice, that works well for my needs for about $110 per month.

[Themanwithnoname]

Wouldn't care what car I had won...

It would be sold.

Poor use of resources.