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eBay Discounts, Deals and Coupon Codes

Auto Nation Direct - 50% off MSRP of 29 new 2012 Cars - Ebay

xyos 70 March 24, 2012 at 12:12 PM in Autos (3) More eBay Deals
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It appears AutoNation Direct is selling 29 new 2012 cars in 9 days at 50% off the MSRP, you have to pay cash for it, no financing, its first come first serve once the ad goes live! Only thing that scares me is the line

"Buyer must agree to sign a talent release to be used for public relations purposes." - Not sure what that means..

http://stores.ebay.com/autonationdirect

http://i1148.photobucket.com/albums/...ymorning-2.jpg

*Terms & Conditions:

Only specified VINs offered. Available first-come, first-served while supplies last. Vehicles will need to be secured with a $500 deposit through PayPal within 24 hours. Vehicles are to be shipped out of Florida and buyer is responsible for arranging shipping and insurance. Tax, shipping, tag and title fees are additional.Includes all consumer rebates and dealer fees. Limit one vehicle per household.Employees of eBay or AutoNation and their families are not eligible for this promotion. Dealers and brokers are not eligible for this promotion. The Program Period starts at 12:00PM PDT on March 23, 2012, and ends at 11:59PM PDT (or until supplies last) on March 30,2012.Cash deals only, no financing. Buyer must agree to sign a talent release to be used for public relations purposes. Buyer will be contacted by an AutoNation Direct Consultant and must complete the buying process and take delivery of the vehicle within five days of purchase.

1,866 Comments

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#1861
Quote from CraZyMuffin View Post :
Had to call back and they sent it monday. got it tuesday... of course no MCO, and my contact at autonation doesn't seem to even know what an MCO is (even though I have been insisting that I need it from day 1)

How did you all get them to send the correct paperwork?

Hound them...and call the dealership directly.
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#1862
Quote from respdoc215 View Post :
Hound them...and call the dealership directly.
I was given 3 contact numbers for the dealership, none will answer their phone anymore. (manager, sales rep, financial rep)

Only one who will answer is the autonation rep (off-site) and he is getting things done very slowly
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#1863
Quote from CraZyMuffin View Post :
I was given 3 contact numbers for the dealership, none will answer their phone anymore. (manager, sales rep, financial rep)

Thats very odd. I guess if your stating the manager is not returning your calls...then I would go up the chain of command (Nissan customer service).
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#1864
...am really enjoying my 2013 Malibu!

Did those who bought for resale sell theirs for a good price?
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#1865
Has anybody gotten a definitive answer as to whether or not we have to pay income tax on these cars? My accountant will be happy to research this and render a recommendation for a stiff fee.

It seems to me that these cars were on sale, like a Black Friday TV on sale for half-price. I can see the IRS taking the position that those who flipped these (sold them for profit) should report the profit as taxable income. I was shopping for a new (used) car at the time, so I kept the car as my primary transportation.
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#1866
Quote from LifeSlipsBy View Post :
. I can see the IRS taking the position that those who flipped these (sold them for profit) should report the profit as taxable income.

Key word is "should". Viewing some of the most recent Hot Deals (i.e. Best Buy coupon thread)... some people favor replacing "should" with "what can I get away with."
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#1867
Quote from LifeSlipsBy View Post :
Has anybody gotten a definitive answer as to whether or not we have to pay income tax on these cars? My accountant will be happy to research this and render a recommendation for a stiff fee.

It seems to me that these cars were on sale, like a Black Friday TV on sale for half-price. I can see the IRS taking the position that those who flipped these (sold them for profit) should report the profit as taxable income. I was shopping for a new (used) car at the time, so I kept the car as my primary transportation.
Quote from sdman33 View Post :
Key word is "should". Viewing some of the most recent Hot Deals (i.e. Best Buy coupon thread)... some people favor replacing "should" with "what can I get away with."
No income tax has to be paid on this deal unless you resold the car for more than you paid for it. It is no different than buying any other item for 50% off. The guy I spoke to at AutoNation even commented to me that this was almost as good as winning the car since no income tax had to be paid on it. Also, AutoNation did not issue any sort of 1099 in regards to this deal.

Also, you might want to consider switching CPAs. This is a very simple question and no amount of research should be necessary for anyone familiar with tax laws. Not sure whether he really needs to research it or if he is just trying to squeeze some more fees out of you.
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