911 Dilemma, WTF Options

[euro911]

We won't talk about your first line (IMG:style_emoticons/default/shades.gif)

I still have a '66 912 and a '67 912 (converted to a 2L '6'), so we won't be missing out on the 901 body experience (IMG:style_emoticons/default/biggrin.gif)

I told my wife that I'd try to find her a really nice pre-'76 BMW 2002 tii grocery-getter and I really would like to get a Beck 550 to fart around in. I have a choice of air-cooled motors that can be stuffed in it ... 912, T-4, 2.0L '6' or a 2.7L '6' (IMG:style_emoticons/default/drooley.gif)

Actually, I think a '4' would be more than adequate, and they don't need as much oil (IMG:style_emoticons/default/shades.gif)

[Chris H.]

well then. just put the engine in and autocross it.

You're ignoring the best ideas Mark. And hey why not plasti-dip it for the events?! I'd pay for the product if Kevin and I were allowed to pick the color(s) (IMG:style_emoticons/default/biggrin.gif) .

[colingreene]

I thought I had dibs on the 2.7....

[euro911]

I thought I had dibs on the 2.7....

C'mon, a 2.7 in a glass 550? ... I don't want to end up like James Dean (IMG:style_emoticons/default/sad.gif)

You do have dibs, Colin. I got to spend the day at the shop yesterday. I installed an early 911 flywheel and a bell housing on it a couple of weeks ago, just located and installed a starter yesterday. Gonna get the compression #s soon.


So plasti-dip the 911 and AX ... or how about Lemons ? (IMG:style_emoticons/default/idea.gif)

Yeah, you'd have to name it "Color Me Nutz" ... (IMG:style_emoticons/default/laugh.gif)

[CptTripps]

I had NO clue that these had crept that far north. Holy shit!

Good luck. That'd be a tough decision for me...

[Larmo63]

Any sale I would do on this car would be CASH and carry. Period.

I hate to pay taxes on a car that the government has absolutely NO claim to.

Eff. them.

[euro911]

With this many Benjamins passing hands, security is another issue to consider. Fortunately, I have several friends that are retired LEOs, so armed security is only a phone call away (IMG:style_emoticons/default/ar15.gif)

(IMG:style_emoticons/default/shades.gif)


Yup, exactly which politician or 'official' agency employee handed me any wrenches over the past 37 years (IMG:style_emoticons/default/idea.gif)

Anybody, anybody, Bueller (IMG:style_emoticons/default/confused24.gif)

[Larmo63]

^^Exactly!!!!^^^^

[carr914]

I wish I had held on to my 69S & 74 Euro Carrera RS just to see what the Bubble would have gone to!

[naro914]

Technically, its the buyer that pays the tax when they go to register it in their state, not the seller.
Now, if you're talking income tax, as far as I know there is no tax on selling personal property unless it's sold through a business. The buyer would have to issue you a 1099 for that to take effect...which, of course, they won't.

There is a very high probability that, if you sell it, it will sell in Europe - probably Germany. there are some very savy buyers over there that know everything on how to pay you, have it picked up, transported, and all duties and taxes they need to pay. quite easy, honestly. I've sold 3 that way, they wired the money, once received I overnighted the title and paperwork, they sent a transport company to pick it up with all the transport paperwork, Done.

[rhodyguy]

depositing the money (esp in such a large amount) into a financial institution most definitely set off an alarm of some sort.

[Dr Evil]

Yup, last time I worked in a financial institution any amount $10K or more had a special report form to be filled out and submitted to the IRS. The amount may have changed, but the reporting does not. Also, FDIC only covers up to $100K IIRC per account. So, you would have to have several accounts to protect against loss. Or just stuff it in your mattress (IMG:style_emoticons/default/smile.gif)

[naro914]

Yup, last time I worked in a financial institution any amount $10K or more had a special report form to be filled out and submitted to the IRS. The amount may have changed, but the reporting does not. Also, FDIC only covers up to $100K IIRC per account. So, you would have to have several accounts to protect against loss. Or just stuff it in your mattress (IMG:style_emoticons/default/smile.gif)

that only applies to a cash deposit, not checks, wire transfers, etc. anything that's traceable.

Either you guys only ever sell old, worn out 914's or you have a lot of $$ stuffed under your mattresses....(IMG:style_emoticons/default/smile.gif) 5 and 6 figure deals on cars and such happen every day...

[euro911]

$10K + does raise a red flag. Everybody wants to know where it came from and possibly why - I think it's an attempt to track down illegal activities, like mob $