Early Ford V-8 Foundation Museum
 

The Early Ford V-8 Museum is raffling off a 2018 Ford F-150. It’s valued up to $55,000. In lieu of the F-150, the winner can choose $40,000 in cash. 2nd Prize is $2,000 and 3rd Prize is $1,000. Only 1200 tickets will be sold! The tickets cost $100 each. The drawing will be when all 1200 tickets are sold or Nov. 1, 2018, whichever comes first.

This is a very important fund-raiser for the Museum which is undergoing a huge expansion. With only 1200 tickets and 3 prizes, the odds are pretty good!

Details and a page of rules can be found on the website: www.fordv8foundation.org
For tickets, call the Museum at (260) 927-8022 or visit the website. There you can download an
information form to mail in with your check or credit card info.

Re: Early Ford V-8 Foundation Museum
 

Just a thought. If one took the 40k cash they could probably negotiate a 2018 pickup with a list of 55k and only be taxed on 40k instead of 55k. Remember the government is always a guaranteed winner. I often wondered about the tax ramifications on shows like overhauling where your tax bill could be in the 10s of thousands once you get the 1099.

Re: Early Ford V-8 Foundation Museum
 

You are right, Frank, These days it always pays to consider the taxes on any deal.

Re: Early Ford V-8 Foundation Museum
 

I don’t know about the TV show but some people I know won a $35,000.00 motorcycle and the tax was $11,000.00..... Mark

Re: Early Ford V-8 Foundation Museum
 

You can take the truck and you will have a new truck for the cost of the taxes which isn't a bad deal or you can take the cash, pay the tax and still have a couple of pockets full of cash to go out and buy another flathead ford! That's a good deal, too!

Re: Early Ford V-8 Foundation Museum
 

when you receive a prize like that in the states at least, you pay taxes on the fair market value of the vehicle when you recieve it. so, if you win a truck with an msrp of 55k today, but don't actually receive the truck until say january of 2019 then the actual value of the truck at the time of receipt is what they tax you on.

Re: Early Ford V-8 Foundation Museum
 

Still a good deal!

Re: Early Ford V-8 Foundation Museum
 

No doubt. Even a losing ticket makes one a contributor to the foundation, which is a win. My thoughts were just about how best to claim the prize for tax purposes.

Re: Early Ford V-8 Foundation Museum
 

I think if your goal is a new truck, then selecting the truck option is probably the better choice since you'd get to "design" the truck that you want. I don't think you'd be able to negotiate a dealer down to $40k on a $55k MSRP truck unless it's been sitting on their lot for a long while.


Here's a theoretical scenario.

$55k taxed at 30% = $16.5k taxes out of pocket
$40k taxed at 30% = $12k taxes deducted from winnings

$40k - $12k = $28k net winnings

Working out the math to purchase a truck using your net winnings:

Assume you negotiate a dealer down to $46k on a $55k MSRP truck that's sitting on its lot (local dealers are currently at $48k after discounts and rebates). Keep in mind that this means no getting to pick the exact options you want, as you'd be able to do with the raffle truck.

$46k - $28k = $18k, which would need to be paid out of your pocket to the dealer.

$18k out of pocket > $16.5k out of pocket. Plus you likely aren't getting a truck that's optioned exactly as you may want.

In both cases you'd also need to pay your state's title and registration taxes/fees.

Of course, YMMV.


Personally, if I were to win, I'd probably take the $40k, and then use the net amount on shop tools and parts to finish my '32 pickup.

Re: Early Ford V-8 Foundation Museum
 

Finishing your '32 is not a bad deal.

Re: Early Ford V-8 Foundation Museum
 

Tickets will be available at the "Sneak Peek" on June 10!

Re: Early Ford V-8 Foundation Museum
 

Call Josh right away!

Re: Early Ford V-8 Foundation Museum
 

There's still time to get aboard!

Re: Early Ford V-8 Foundation Museum
 

You can get your tickets from Josh via email or at the sneak peek on Sunday.

Re: Early Ford V-8 Foundation Museum
 

Tickets sold well at the Sneak Peek and at the Grand National in Dearborn. Now is the time to get on board. Call Josh today at 260 667 3775. Only 1200 to be sold and you can take $40,000.00 cash if you prefer!

Re: Early Ford V-8 Foundation Museum
 

There are still tickets available!

Re: Early Ford V-8 Foundation Museum
 

Btt

Re: Early Ford V-8 Foundation Museum
 

Btt

Re: Early Ford V-8 Foundation Museum
 

Josh is sitting by the phone waiting for your call!

Re: Early Ford V-8 Foundation Museum
 

Have you called yet??

Re: Early Ford V-8 Foundation Museum
 

Sent a check in the mail. Really hope to get out there next year!

Re: Early Ford V-8 Foundation Museum
 

Maybe you would also want to consider attending the EFV-8 Club's 2019 Central National Meet in Auburn, Indiana. I believe the show field will be setup on the Museum property.

Re: Early Ford V-8 Foundation Museum
 

I saw that ,JM. Also have a friend that lives in Fort Wayne that I went thru basic training and tech school with. Would be nice to see him too. Running the dealership is like having cows but I'm working on being a little less valuable, ha!

Re: Early Ford V-8 Foundation Museum
 

At this point, the V8 Foundation Museum and whoever is in charge (mainly the social media/media guy) need to think real hard about his actions and attitude....My situation....A year or so ago (On Facebook) the foundation museum posted a picture of our car to which I posted under it "Hey we have car exactly like it!" at which point I was labeled "sarcastic" and subsequent correspondence with said person all but called me a smart ass, the Facebook post pulled and I am banned from the foundation page and or receiving FB post. Not sure IF that is what the Museum, members or club want as its representation BUT for now, my money is staying in my pocket..... OR AM I looking at this wrong????

Re: Early Ford V-8 Foundation Museum
 

Hmmmm? Everyone at the foundation knows I'm a smart ass but they still keep me around.

Re: Early Ford V-8 Foundation Museum
 

Get your tickets before they are all gone.

Re: Early Ford V-8 Foundation Museum
 

Just mailed off a check for a memorial brick and two F-150 tickets. Odds are great on the pickup. You can't win if you don't play!

Re: Early Ford V-8 Foundation Museum
 

Yes, I think you might be looking at it wrong. I have no ides who said or what was said, but I know from experience that words written down can not always give the intent meant by the writer. When a person reads something, they insert their own tone to the message, whether intentional or not.

Re: Early Ford V-8 Foundation Museum
 

And "should" be a two way street. The "first" action taken was "all" by the foundation personnel which was a "perceived" sarcastic email and "blocking" my access to the page!!!!! I had NO issue until "after" the above actions!! Again just my .02 worth. And again at this point I still find it hard to want to support the Foundation......they need me.....I don't need them!!!! And I feel that this incident didn't portray that attitude.

Re: Early Ford V-8 Foundation Museum
 

Rockfla, I agree with Cecil that the written word can be misinterpreted on both sides. The only real way to clear the air is a personal conversation by phone or face to face. It's amazing how a simple phone call can change an entire situation. Social media is misinterpreted all the time and in today's era of hypersensitivity it has become even worse. Make a phone call and talk with the person that you feel was unfriendly to you. Start by explaining that you are unsure what you said that caused the problem, but you would like to clear the air and resolve the issue. Be a good listener and I think you'll be back on good terms and feel good that you made the call.

Re: Early Ford V-8 Foundation Museum
 

Well said, Tom!

Re: Early Ford V-8 Foundation Museum
 

Good thoughts to ponder from TJ and Cecil. I know most everyone associated with the Early Ford V-8 Foundation Museum, and none of these folks fit the description of someone you described. Also, one persons actions would not keep me from supporting an overall good cause that I believe in.

Re: Early Ford V-8 Foundation Museum
 

Thanks, John.

Re: Early Ford V-8 Foundation Museum
 

Amen to that John. The Foundation is the legacy of every V-8er who believes in it. It's what we will leave for future generations to see and enjoy and hopefully some will pick up the baton and carry on with the love of old V-8 Fords. I'm excited to see the progress that has been made in the last 15 years on this museum. It has been done with the hard work of volunteers.

Re: Early Ford V-8 Foundation Museum
 

Hi Everyone. rockfla, I'm no official representative of the Foundation, but I am a life member. {Edit, and you can see by my signature, how I feel about them} If it helps any, I'll say I'm sorry for the way you are feeling about what happened. Think about giving them another chance.

If you like, I'll pay for your first year membership. It's something I've done for a few folks. Just PM me with your mailing address and I'll get you signed up.

The people associated with this effort are some of the people I respect the most in this world. Any chance I get, Auburn IN, is on my list of go-to places!

Re: Early Ford V-8 Foundation Museum
 

I "was" a member for a couple of years at the very start.....AND I am beyond flattered at your offer to pay my membership for a year BUT I guess this is my point.
I am A) What the club (and the Foundation) need, I am a young member, 53yrs old, and I have been "involved" with V8's (literally) all my life (my dad bought our 37 Woody 52-1/2 years ago & been a EFV8 club member continuously since 1967 ). I fully support the whole concept of the Foundation & Museum and cannot think of any better way of continuing the V8 Ford Legacy....BUT.....2) I am "locked" out of participating (at least on social media) and as I have said before (and been noted previously (at yes it's a two way street) BUT I am a business man and at its simplest form, I am a "customer" (potential donator, potential member) and as I have stated, I don't need the Foundation to still enjoy the hobby/cars etc etc (yes it would be wonderful to have that resource continuing the hobby/club) the Foundation "needs" all the support (both financial & donations) it can get and as the founder of my company always said to us "The customer may "not" always be right, BUT he is the customer!!" SO as I have stated, I had 'NO" issue/problem till "I" was "band" from participation from the Foundation Page, not at my behest, and told "I" was "sarcastic"....and yes, I can/could make "a call" and "be the bigger" person and maybe at some point I will, at this point the taste left in my mouth is still bitter (as the "drastic steps were taken by the Foundation (or representative of) not by me. I appreciate the the input of Cecil, TJ you and other and I have taken the "advice" to heart and am pondering that advice and "hopefully" it will cleanse the bitter taste soon!!!!!

Re: Early Ford V-8 Foundation Museum
 

Ladies and Gentlemen, I'd like to suggest that we get back to the purpose of these Forums, which is to exchange ideas on keeping our beloved Fords alive and well! Let bygones be bygones and let's get on with the business of solving problems. VEHICLE problems - not problems with other people or organizations. TJ's advice is spot on. No need to air our dirty laundry in front of others who probably could care less. Let's not turn people off; let's try to help them fix their Fords!

Re: Early Ford V-8 Foundation Museum
 

There are tickets still available! Call Josh @ 260 667 3775 today!!

Re: Early Ford V-8 Foundation Museum
 

The raffle is over... This is clipped from their website.

Re: Early Ford V-8 Foundation Museum
 

I am a dues paying member of the EFV-8 Club which is not the same as the museum.

I have spoken with Josh ( the Curator ) of the EFV-8 Museum in Auburn, IN
many times on several matters - I like him.’


Jim