Charity auctions for first-run automobiles are all the fashion proper now. Every wealthy man desires 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 ultimately commerce it to a different wealthy man — and nab a pleasant tax deduction within the course of, most likely. Chevy hopped on the pattern with the primary C8 Corvette Z06 to roll off the meeting line, and GMC bought 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 automobile 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 possible kill for. Beyond that, although, there’s nothing significantly particular concerning 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 implies that this buy is tax-deductible beneath federal legislation — to the tune of half 1,000,000 {dollars} or so. Imagine saving cash by shopping for a high-priced sports activities automobile, then incomes its worth once more if you ultimately promote it off. Ah, the United States tax code.
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Of course, nobody desires 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
