Is it legal for me to enter the Corvette Dream Giveaway sweepstakes?
This sweepstakes is open to legal U.S. and Canadian residents and to residents of other countries and U.S. territories and possessions only where offered and permitted by law. You must be 18 years of age or older. Entrants are encouraged to review the sweepstakes Official Rules and are responsible for compliance with all laws.
What does it mean to win the Corvettes “Tax-free”?
As with any prizes of value the IRS considers the winnings to be taxable as ordinary income. Because the Grand Prize is valued at approximately a quarter of a million dollars, the winner will face significant tax consequences. Kids Wish Network wanted to ensure that the Grand Prize winner, regardless of economic status would be able to accept this rare pair of 427 Corvettes. Arrangements have been made to pay the winners tax liability up to $ 75,000.00.
Where will the cars be delivered?
The cars will be presented to the Grand Prize winner in Nashville, Tennessee. All transportation arrangements and costs after accepting the prize are the responsibility of the Grand Prize winner.
Is the 1967 Corvette all original?
This car has been fully restored and would be classified as #2 condition. # 1 condition is considered museum quality and driving a # 1 car reduces its value. This car can be driven and taken to shows, or just enjoyed without diminishing its value. The Charity has no documentation as to originality, or owner or vehicle history of this beautiful car.
Does the 1967 Corvette still have the original motor?
To the best of our knowledge the mechanical restoration included engine replacement.
Does the 1967 Corvette meet the inspection and emission requirements of my State?
Most states exempt older classic vehicles from these requirements, Kids Wish Network has no knowledge of each individual states’ requirements.
How many miles are on the 1967 Corvette?
This Corvette has had very few miles since its restoration. The odometer currently reads approximately 49,000 miles. We have no knowledge as to the actual total mileage of this vehicle?
Do either of these vehicles come with a warranty?
As with most classic cars, the 1967 Corvette comes with no warranty. The 2008 Lingenfelter Corvette comes with a three-year 36,000 mile engine warranty. We also provide no warranty that you won’t get lots of speeding tickets.
Is the Lingenfelter Tribute Corvette a brand new car?
The Charity has procured a brand new 2008 Corvette delivered to LPE for the conversion. The car will undergo a complete engine replacement as well as other modifications. There will be limited mileage on the vehicle and motor for test purposes. Kids Wish Network may be required to title the car in the Charities name prior to transferring the title to Grand Prize winner.
It seems that LPE offers many different engine packages which one will I win?
The package delivered in the Lingenfelter Corvette will be a naturally aspirated 427 cubic inch conversion, producing 570 horsepower. This package was chosen because it maintains all of the creature comforts of a stock Corvette, yet provides the power to pin you to your seat. For additional information please visit lingenfelter.com
What is value of the 2008 “John Lingenfelter” Tribute 427 supercar?
While the value of this vehicle can be determined by adding the price of the new Corvette plus the Lingenfelter upgrades, this really does not factor in the one-of-a kind collector value. This is because as a tribute to their founder, friend, and mentor LPE’s team intends to create a unique one-off supercar. With proper care and maintenance this instant classic should only increase in value.
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