So, you managed to land a spot on "Wheel of Fortune," win one or more episodes and are now the proud owner of a brand new car. As exciting as this prospect may sound, there's a lot to straighten out should you elect to take the new ride home. Former "Wheel of Fortune" winner John Dean explained to Motor1.com that when he won a 1986 Mazda SE-5 pickup back in the day, it came with its fair share of hoops to jump through, largely of the financial variety.
First and foremost, Dean made sure to clarify that the folks on "Wheel" informed him and the other contestants ahead of time that they'd be responsible for covering the tax on every item they took home. "The car itself was valued by the game show people at around $7,800, which was close to the full MSRP for that model in 1986, believe it or not," he revealed, mentioning that his overall winnings bumped up his income to nearly $28,000 that year. This wouldn't have been an issue if it weren't for the fact that he was a recent college graduate and didn't make nearly enough to cover the added expenses.
"I then had to itemize the entire list with the prices I was given by the retailers. This lowered my overall total winnings to around $15,000, fair market value," Dean recalled, mentioning that there was some back-and-forth with the Internal Revenue Service over the situation, but nothing that couldn't be sorted out. As for getting the vehicle itself, he received a phone call from his local Mazda dealer, who let him know the car was ready to pick up. He then went there, signed all of the necessary paperwork, and drove it home with no issue. "The pickup truck lasted until 2002. Not bad!"
To put it simply, the cars on "Wheel of Fortune" are not just there to glamorize being a contestant — they're legitimate rewards for winning the game, however, dealing with the financial aspect of it is rather tedious. But, if you want a fresh set of wheels, it's very much worth it in the end.
The Link LonkJune 05, 2021 at 09:49AM
https://www.looper.com/429298/what-it-actually-means-to-win-a-car-on-wheel-of-fortune/
What It Actually Means To Win A Car On Wheel Of Fortune - Looper
https://news.google.com/search?q=Wheel&hl=en-US&gl=US&ceid=US:en
No comments:
Post a Comment