the sale of a won car is in principle possible, if no contractual obligations prevent the car sale. If you want to sell your car prize, there are a few factors to consider when accepting your sweepstakes car. how to get more money for your won car!
The service of wirkaufendeinauto.De is ideal for selling won cars. because a professional appraisal and different selling options offer the possibility to sell the car comfortably and for a good price. We buy a car.De is also near you!
You are the lucky winner of a new car, but if you do not want to keep the new car, it is a good idea to sell the car you have won!
The sale of a won car is in principle possible, if no contractual obligations prevent the car sale. if you want to sell your car prize, there are already some factors to consider when accepting your raffle car. How to get more money for your won car!
The service of wirkaufendeinauto.De is ideal for selling cars you have won. Because a professional appraisal and various sales options offer the possibility to sell the car conveniently and at a good price. Wepurchasecar.De is also near you!
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1. What you need to know before selling the car you won
Before a possible sale of the won car, it is necessary to determine whether there are contractual obligations to be fulfilled beforehand. For example, it is possible that a sponsor is behind the car prize and that he will only let you use the car under certain conditions. For example, participation in the award ceremony serves a promotional purpose and may therefore be a contractual obligation.
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Likewise, the car prize may be tied to a resale clause. This stipulates, for example, that the car you have won will only be given to you if you do not sell it immediately and register it in your name for at least one year. If you accept your price, such specifications are to be accepted. Because these are then part of a contractual agreement that must be honored in return for the winnings.
What to know about taxes on won cars?
A car that you have won does not usually have to be taxed. Because if you have won a car by drawing or after a lot purchase, you are the lucky winner of a so-called gratuitous acquisition. Only when the raffle car is sold does it become a "speculation" subject to income tax. This situation extends to the period of one year after the car was purchased by the company that carried out the sweepstakes.
If you sell the car at a lower price than the raffle organizer bought it for, you may even incur a speculative loss, which you can claim. By selling a won car you will even get back taxes if applicable!
You only have to pay income tax if you have earned more than 440 euros with all such material gains in one year. This is the case if, within one year, you have achieved sales prices for your profits that were higher than the original prices for them and if the sum of your income thus generated exceeds the exemption amount of 440 euros.
Is it worth selling a car you have won??
From a tax point of view there are hardly any disadvantages to be expected. however, note the automatic depreciation of vehicles after their first registration. After a car has been registered to someone, it is no longer considered a new vehicle and can no longer be described as such. This way you can expect much lower prices, because the future buyer will be the second owner instead of the first one.
Accordingly, it may be better to use the won car first and sell it only after a year or so. Instead, it is also possible that the sale of your current vehicle takes place, as you may receive more benefits: a new vehicle and an earlier and therefore possibly better sale of your current used car.
2. What to do before selling the car you have won?
If there are no conditions attached to the acceptance of your won car, you are free to decide what to do with it. If you decide to sell the car, make sure that you are not affected by an avoidable loss of value. Talk to the car dealership that delivers your winnings. When you accept the car prize, you express the wish that the car should not be registered in your name.
Also make sure that the dealer does not charge a parking fee for the car and that you agree with him on a longer parking time on his premises. you can also keep the won car by borrowing a red license plate from the dealer or by getting a short term license plate for 5 days and about 60 euro. This makes it possible to transfer the car and offer test drives.
Checklist: selling a car you have won
- Read the general terms and conditions and make sure you can sell the car immediately.
- Check with the dealership how the car will be registered.
- Choose the most convenient way to sell the won car!
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3. What is the best way to sell the car you have won?
One way to sell your won car is to sell it on commission. this is done at the car dealership that delivers your winnings and is a relatively simple way of selling a car, where the price for the won car is agreed with the commissioner. But: no matter how high the price is, which is then achieved with your car, you only get the agreed price for it!
A little more money can be made by selling the car through an advertisement, for which you can get all the necessary information and pictures. But unfortunately, as-new vehicles are usually sold below value. because the lucky winner often sells the car he has come to for free at too high a discount from the price.