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Monday, March 12, 2012

Royal Enfield won on 'Let's Make a Deal' now up for sale

Royal Enfield C5 on "Let's Make a Deal."
Congratulations! You've just won a free Royal Enfield motorcycle! Now what are you going to do about it?

If you're the contestant who won it on the television game show "Let's Make a Deal," you're going to try to sell it.

The 2011 Royal Enfield C5 is for sale on CraigsList in Los Angeles. Asking price is $6,000.

"I won a 2011 Royal Enfield Bullet Classic C5 on the game show 'Let's Make a Deal' (I have the video to prove it)," the ad reads.

"As I am not a motorcycle driver, I am selling it. It is remaining on the showroom floor so you would be the first owner and driver of this vehicle. The retail cost is $6,695 not including taxes, fees, or registration. The cost of $6,000 I am asking will cover everything for you and won't have to pay any more. I have the number of the general manager of the dealership you can speak with if you have any questions or want confirmation on this deal as well."

I wrote, introducing myself as the author of this blog, and requesting details, but there was no answer. Based on the photo from "Let's Make a Deal" included in the ad, it's apparent this really happened.

Of course I am jealous. But  understand the non-rider must take action.

Lawyers.com points out that contest winners must pay state and federal income taxes on prize winnings. The value of the prize (computed at its full retail price — the sticker price) is considered income. Not only do you have to pay taxes to the federal government, but you also need to pay state income taxes.

"Let's Make a Deal" is filmed in California. "Therefore California's high tax will be deducted from your prize,"  Lawyers.com concludes.

2 comments:

  1. Taxing a chap's Enfield is disgraceful.
    Ruddy taxes, methinks 'tis time you Americans rose up in revolt !


    Your servant
    Bunty etc .

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