69 427 Yenko Nova's

[impalaman]

The car is missing heads and intake, has original paint and black yenko stripes, 427 emblems on fenders, syc headrest logos,dash emblem, and the wheels we have to look for, has been sitting on jack stands for 25 years. We can buy it cheap. it is in ohio

[Belair62]

Go look...bring money just in case

[JChlupsa]

Pics would be neat esp of the Cowl tag showing the yellow Paint. Thats what I would be mostly interested in myself.

Is it on the 69 Yenko Nova VIN listing here in the Yenko fourm section.

[Mike]

Wow! If I were you I'd be on my way to see the car with trailer in tow and cash in pocket. That would be an awsome find....if its real. I hope it is, there haven't been any good Yenko finds lately, that are made public anyway.

Good luck!
Mike

[Charley Lillard]

Impalaman..Be cafeful about what info you give out about the location of this car. Good luck with getting it. If you get it bought and decide to sell it there are many here that are interested. If the lady needs money and you hit a home run with the car it would be nice if you shared some of your rewards with her.

[WILMASBOYL78]

[ QUOTE ]
Impalaman..Be cafeful about what info you give out about the location of this car. Good luck with getting it. If you get it bought and decide to sell it there are many here that are interested. If the lady needs money and you hit a home run with the car it would be nice if you shared some of your rewards with her.

[/ QUOTE ]

Charley, the comment about "sharing the rewards" is dynamite! So much of this hobby revolves around $$$$ that it is easy to forget about the people part of it. My compliments on your advice.

wilma

[Lynn]

[ QUOTE ]
Impalaman..Be cafeful about what info you give out about the location of this car. Good luck with getting it. If you get it bought and decide to sell it there are many here that are interested. If the lady needs money and you hit a home run with the car it would be nice if you shared some of your rewards with her.

[/ QUOTE ]

Couldn't agree more. Classiest post I have seen on any board in a long time.

Lynn

[Lynn]

Just a thought. Can't help but think of the tax implications of "sharing" some of the profit. One of the hazards of my profession I guess. Anyway, just for the record, if Impalaman were to purchase this car and resell it for a profit, I am sure you all know the profit is a capital gain, and is taxable income in the year received.

Example:

buys the car for 20,000

Sells the car for 50,000

"Shares" 10,000 of the profit with the current owner.

He would likely still be liable for taxes on the whole 30,000 profit, as the IRS would consider his check to the current owner as a gift. Being under $11,000, there are no gift tax implications.

How to remedy?

If he sells the car for $50,000 and wants to "share" $10,000 of the profit with the current owner, just have the new purchaser write two checks, one to him and one to the current owner. That way she is liable for her own taxes. Whatever she realizes on the sale will be capital gain to her anyway, and this is just more than she expected. Besides, as a Sr. citezen she is likely in a lower tax bracket.

I realize this whole deal may not even happen, but just wanted to make sure no one got tagged for more than their fair share of taxes. Don't believe in tax evasion, but am a huge fan of tax avoidance.

Lynn

[Born30YrsLate]

[ QUOTE ]
there haven't been any good Yenko finds lately, that are made public anyway.

Good luck!
Mike

[/ QUOTE ]

What about this Yenko In Trailer

[YENKO DEUCE REGISTRY]

The yellow part is a little iffy, but not impossible. There are reports of a '69 Yellow Yenko Nova being sold from a chicago dealership, so it's worth investigating.