re: Some chick won an Aston Martin on The Price is Right

she won't have title of the car to get that loan

it's a catch-22

she can't get the title before she pays taxes, and would need to have the title to get a loan to pay those taxes

Most people don't have the title when they get a loan. NBD.

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Why can't she take out an auto loan to pay the taxes and fees? Use the car as collateral?

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She can. There are multiple credit unions around where they film gameshows that specialize in those type of short term loans at high interest rates. If she happens to have good credit (which most tPIR contestants do not), then she could probably just get a normal car loan to pay the taxes, then sell it and pay off the loan and keep the profit.

Here's how it usually works

Contestant wins $25,000 car.
CA requires $10,000 in taxes to take possession of car.
Contestant doesn't have $10,000, so they either walk away with nothing, or
Specialty loan for 90 days at 25% interest. They effectively borrow $12,500 for $10,000 (like a title loan)
They take the car, its worth $20,000 if they sell it. They sell it, pocket $7,500. Still a good payday for them, but hardly the $25,000 they thought they won.

They'd probably still talk her into gap coverage too

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i would have been happier with a 65k truck.

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I've already got one of those. Give me that frickin Aston Martin

Absolutely

All I said was that she would trash that car.



Bitches can't drive. I know that.

no idea

Sweet