My prize...A Petty Superbird

[Big Kahuna]

I'd get a "Friendly" Appraiser give you a low number because of it's "lack of streetability". That will cover you on taxes. Even if Sue Bee gives you a 1099 for $40,000 --- you should be able to off-set it with a lower appraisal. Hoever, the Feds always get it in the end. When you sell the car someday -- the difference between the price you paid taxes on and the price you sold the car for will be taxable either as income, short term gains, or long term gains. Get use to it -- my bung-hole hurts bad every year around April 15th.

[tan top]

congratulations Phil , what a fantastic prize , and to meet the ( KING) Richard Petty in person and have him hand you the keys thats awesome. 

  thats an  awesome looking restoration on your surerbird  (BK)  .it looked real solid  and straight to begin with as well.
       
 
             

[nitrometal]

I'd get a "Friendly" Appraiser give you a low number because of it's "lack of streetability". That will cover you on taxes. Even if Sue Bee gives you a 1099 for $40,000 --- you should be able to off-set it with a lower appraisal. Hoever, the Feds always get it in the end. When you sell the car someday -- the difference between the price you paid taxes on and the price you sold the car for will be taxable either as income, short term gains, or long term gains. Get use to it -- my bung-hole hurts bad every year around April 15th.

That's good advise BK.  My next door neighbor is a vintage European collector. He said I should be able to get an appraisal for what the car was built for not what some Richard Petty fan would pay for it.  That should save me a bunch on taxes.

Does anyone know of such an appraiser?  I live 90 miles north of Houston, TX.

[hotrod98]

About $12,900 plus shipping is the cheapest hemi that I've seen. From there you will need a carb, $300, TTI headers, $700, motor mounts, $250, Pulleys and brackets, $500, air cleaner, $350, kickdown kit, $100, and various other items. So, you might want to wait until you've recovered from that $14,000 tax bill. The cool thing is, with a mopar, you increase the value of the car by twice the cost of the investment when installing a hemi. No other car has that kind of value added to it with an engine change...none.
My challenger convert increased in value by about $40,000 by adding the hemi when I restored it.

[Big Kahuna]

I'd get a "Friendly" Appraiser give you a low number because of it's "lack of streetability". That will cover you on taxes. Even if Sue Bee gives you a 1099 for $40,000 --- you should be able to off-set it with a lower appraisal. Hoever, the Feds always get it in the end. When you sell the car someday -- the difference between the price you paid taxes on and the price you sold the car for will be taxable either as income, short term gains, or long term gains. Get use to it -- my bung-hole hurts bad every year around April 15th.

That's good advise BK.  My next door neighbor is a vintage European collector. He said I should be able to get an appraisal for what the car was built for not what some Richard Petty fan would pay for it.  That should save me a bunch on taxes.

Does anyone know of such an appraiser?  I live 90 miles north of Houston, TX.

You must be fairly close to me -- as I have a lake house on Lake Conroe.

It doesn't have to be by any kind of certified (I don't even think they're any) appraiser -- just by someone in an automotive business that can pass the smell test of being an expert. Hell, if you have a friend that owns a used car lot -- he can write you up a statement offereing $15,000 for the car -- and you can refuse. BTW, I'm not a CPA. I just play one on the Internet.

[PocketThunder]

BTW, I'm not a CPA. I just play one on the Internet.

[THE CHARGER PUNK]

congrats on the car and that is one sweet ride but i have all but one question, how come that chopped 70 coronet hood on your car doesnt have the superbird filler panel connected to the hood but rather to the car itself so it cannot be opened like original superbirds? im not dissin ur car or nething its just been buggin me since i saw that car in mcg awhile back-MATT

[Bluestar]

Not to knock the car, because I entered the contest as well, the terms of the contest when i entered said it was a Superbird and by the next day they said it was a 1970 Sattelite Superbird Clone originally a 318 car.  Again not knocking it in the least as a free or $14K Superbird clone car is pretty awesome.  The terms of the contest also said that it was a completely street legal car as well.  I also seem to remember the terms saying something like the car needed to be available to Sue Bee Honey for 1 year.  Maybe you can write the $14K off against rental or usage charges to Sue Bee Honey.

Good luck and awesome looking car.

[mikepmcs]

Not to knock the car, because I entered the contest as well, the terms of the contest when i entered said it was a Superbird and by the next day they said it was a 1970 Sattelite Superbird Clone originally a 318 car.  Again not knocking it in the least as a free or $14K Superbird clone car is pretty awesome.  The terms of the contest also said that it was a completely street legal car as well.  I also seem to remember the terms saying something like the car needed to be available to Sue Bee Honey for 1 year.  Maybe you can write the $14K off against rental or usage charges to Sue Bee Honey.

Good luck and awesome looking car.

the great thing about that is, if sue bee honey uses the car for whatever, it will just continue to go up in value and the new owner will get even more famous.  he's gonna be rich someday(if not already)

[69_500]

I wasn't aware that the Petty Bird you have was Dave Konofsky's old car. The one he sold to get the Daytona he has now?

[nitrometal]

To answer your questions ....

1) I didn't build it so I don't know why the filler panel is different.

2) Sue Bee doesn't have any claim to it anymore. It's all mine, baby!

3) I don't have a clue who owned it before me.  It was titled with the promotion company in Atlanta.
I did find out that it was built up by this company...http://www.rhineenterprise.com/index.htm

[wetfeetmi]

Congrats Phil, you are very fortunate because mine was the next name to be drawn!  I ABSOLUTELY  love Petty blue. My clone car in the construction phase is going to be Petty blue. My '70 Duster was that color too!  Rick

[nitrometal]

Congrats Phil, you are very fortunate because mine was the next name to be drawn!  I ABSOLUTELY  love Petty blue. My clone car in the construction phase is going to be Petty blue. My '70 Duster was that color too!  Rick

Yeah, they told me if I didn't take the prize that some dude named Rick would!!! 

It really is a striking color. You can pick it out from 10 blocks away.
I was told that they had to get the paint from Petty Enterprises.  They made it sound like you couldn't get it at your local paint store.  I guess that's not true?  Phil

[Big Kahuna]

I wasn't aware that the Petty Bird you have was Dave Konofsky's old car. The one he sold to get the Daytona he has now?

Yup -- and I just brought it home after a 3=-year restoration at Hemi_tyme's

I'll make a thread with the new photos

http://www.daveschultz.com/palbum/showgallery.php?cat=589

[Just 6T9 CHGR]

Welcome to the site & congrats on the win!   

[SeattleCharger]

  I love Superbirds and I love that Petty one especially, that is a beautiful replica car, YOU LUCKY S.O.#@$.   

[moparstuart]

cool car deserves a bump