If you are reading this, then I guess that you have just won a car in an online casino such as Gclub or SCR888 by playing slots and don’t know what to do with that. Congratulations. You had good luck today. Winning a sports car in a casino is not an easy thing to do; indeed, it’s a very hard thing to do.
So what can you do with that car?
The first thing you can do is click photos of the car and selfies with the car, and you can post it on social media with hashtags #coolcar #justwon.
Then, you can drive it home. I hope you know about driving. You can put it in your garage. A sports car inside your garage will add glamour to your garage.
You can also sell the car. You can earn lot of money from selling an almost new sports car.
But I am afraid things are not so smooth. I am providing you a list you should do after winning a car.
- Consult a tax professional
That’s the first thing you should do after winning a car. You may have won the car, but you still have to pay the taxes. As soon as you get the notification that you won a vehicle, you must consult your tax consultant. Drawing up a plan to pay the taxes before the delivery of care at your disposal is the smartest thing to do.
- Research your car’s market value
If you are from the US, you have to pay taxes on the car’s fair market value. The fair market value of a car is often less than the approximate retail value of the car.
- Find a balance
The tax you pay may rise after winning a car. So you need to find a way to lower your tax burden and to find a balance. You can donate to some charities to lower your taxes. Moreover, your tax consultant will also help you in this case of lowering your tax burden.
- Paying of tax beforehand
You can pay your remaining tax before you get the car. After getting the vehicle paying a lot of money at a time can be difficult for you. If you only left with the car’s tax to pay, you won’t even notice the loss of money every month.
- A car loan and insurance
As soon as you get the car, you must opt for a good car loan to not have to pay the whole tax at a time.
And opting for car insurance is a must too. You will get partial reimbursement if your car meets an accident or someone steals it.
- What to do with the old car?
If you have an old car, you can just sell it. You have just won a brand new sports car. And use the money that you obtained from selling your old car in paying the tax of the new one.
It is hoped this will help you a lot. Just drive safely and observe safety rules.
John Fosdyle is the founder of Web Casino Star. He is a 36-year-old programmer who enjoys golf, cookery, and drone photography. He is tech-savvy and smart, but can also be very nerdish from time to time. He has a degree in computing and obsessed with creating new tech projects and eating pizza.