Charity auctions for first-run vehicles are all the craze proper now. Every wealthy man needs to get their fingers on VIN Number One of a brand new make and mannequin, to allow them to by no means use it and finally commerce it to a different wealthy man — and nab a pleasant tax deduction within the course of, most likely. Chevy hopped on the development with the primary C8 Corvette Z06 to roll off the meeting line, and GMC obtained its flip with the Hummer EV. Now, it appears, it’s Ford’s flip.
Alongside such legends because the AMC Eagle and Buick Roadmaster, Barrett-Jackson auctioneers rolled the very first S650-generation 2024 Ford Mustang up on stage earlier this month in Scottsdale, Arizona. The automotive on the block was a placeholder — the public sale winner will get to spec their very own excellent construct — however that didn’t cease the bidding from reaching 565,000 United States {dollars}.
So what do you get for the price of 5 houses in Rochester, New York? Well, for starters, the winner will get a assured construct slot for a Mustang — one thing early Maverick patrons would probably kill for. Beyond that, although, there’s nothing significantly particular in regards to the coveted VIN Number One. Functionally, it’s simply one other Mustang.
Well, a Mustang that comes with an enormous tax writeoff. See, Ford promised that each penny of this public sale’s sale worth would go in direction of the Juvenile Diabetes Research Foundation. While it’s a pleasant gesture, it additionally signifies that this buy is tax-deductible beneath federal regulation — to the tune of half 1,000,000 {dollars} or so. Imagine saving cash by shopping for a high-priced sports activities automotive, then incomes its worth another time while you finally promote it off. Ah, the United States tax code.
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Of course, nobody needs to have VIN Number Two for a newly-released mannequin. Surely, each Mustang after this one will promote for precisely MSRP and never a penny extra. Right?
Source: jalopnik.com