I Won This 32 Ford Composite Body 3 Window Coupe

This 1932 Ford sits on a full Fat Man Chassis, 350HO 330HP GM crated engine, and a TH700 transmission. Chassis includes fully boxed American Stamping rails, Model A style crossmember, engine & transmission mounts, chrome front & rear spreader bars, Chrome front axle, suspension with 4 in. drop axle mounted with hairpins, shocks, perches, shackles, springs, kingpin covers, new plain iron spindles, 11 inch rotors & calipers, new Saginaw 525 steering box with chrome pitman arm, drag link, tie rod and ends, manual pedal system with dual master cylinder for 4 wheel discs, 9 inch rear with new axles and bearings mounted on triangulated four bar with aluminum coilovers with chrome springs & used open gearset, new rear discs, all iron parts, a park brake system, plumbed with DOT approved SS hoses and double flared steel lines.
I copied and pasted most of the above statement from the website where I won this coupe at a car show July 9th.
I've been looking at lots of hotrod books, and been in contact with Horton Hot Rods for prices on parts.
I would appreciate and ideas as to where I should start from here. The coupe is primed with a green gel-coat. The final color is going to be black cherry with tan interior.

Thanks in advance

Eric

Way Kewl!!! Last thing I won in a drawing was #7 in the draft lottery!!!! Car looks great!! If the doors are all hung and latched, might want to get a good wiring harness (my personal preference is Painless) and go from there... Welcome to CHR, and congrats on a terrific win!!!!

Holy Mackeral, you just hit the lottery Son. Why can't I ever win anything like this. All nice stuff in it too.


You are really a lucky guy/ Have fun.:D :D :D :D :D :D




Don

that is killer.
Looks like you will need all wiring, interior, door handles or popers, latches, glass, rad, grill, A/C if you want it. Any way there are enough people here that can help on what you need , where to get it and how to do it.

VERY good for you! Having picked the color for outside and in, and checking with a shop for parts means you've already decided on the theme for the car styling? Hope so, because that will make your parts needed acquisition better, and reduce the chance of buying the wrong parts. You don't say exactly how much experience you have with building a car from the ground up. Certainly getting a moderately complete package like this gives you a leg up, but there'll be lots of "little" things you've never imagined if you haven't done this before. Not saying this to demoralize you, just prepare you.

In the same vein just a couple practicle matters. You most likely know that you will owe Federal tax on the valuation the awarding group assigned to the prize. My guess is you've got something around $30k US there, give or take. Perhaps your province will want an income tax cut from you too. You've likely dealt with import duties already.

Looking at the picture only briefly there are two things you may consider changing regardless of the theme you've chosen. As always, opinions vary, but many have found a fiberglass hood top less than satisfactory on a car like this. Depending on your personal standards, your objectives for the car, and your wallet a steel or aluminum hood will most likely be more stable, especially when the temp is up. Also, unless you're going with a mid-70's theme, you're going to want to get some different rear wheels, maybe tires, and/or narrow the rear end some more. Tires sticking out a couple or so inches might work on Hot Wheels, but are less appealing on full size cars.

In the final analysis it's easy for us to give advice......my "favorite" is when someone says "it's yours, build it the way you want it". On sites like this bum advice costs the same as good advice............and only you pay any potential penalty. But man.........you have a terrific opportunity here!!!

You lucky son of a gun. I don't think I've ever won amything except a few $2.00 lottery tickets. Youve got a great start on a great looking car and there are plenty of people on this sit who have built cars that can give you advise. Congrats again:D

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Originally Posted by Bob Parmenter

VERY good for you! Having picked the color for outside and in, and checking with a shop for parts means you've already decided on the theme for the car styling? Hope so, because that will make your parts needed acquisition better, and reduce the chance of buying the wrong parts. You don't say exactly how much experience you have with building a car from the ground up. Certainly getting a moderately complete package like this gives you a leg up, but there'll be lots of "little" things you've never imagined if you haven't done this before. Not saying this to demoralize you, just prepare you.

In the same vein just a couple practicle matters. You most likely know that you will owe Federal tax on the valuation the awarding group assigned to the prize. My guess is you've got something around $30k US there, give or take. Perhaps your province will want an income tax cut from you too. You've likely dealt with import duties already.

Looking at the picture only briefly there are two things you may consider changing regardless of the theme you've chosen. As always, opinions vary, but many have found a fiberglass hood top less than satisfactory on a car like this. Depending on your personal standards, your objectives for the car, and your wallet a steel or aluminum hood will most likely be more stable, especially when the temp is up. Also, unless you're going with a mid-70's theme, you're going to want to get some different rear wheels, maybe tires, and/or narrow the rear end some more. Tires sticking out a couple or so inches might work on Hot Wheels, but are less appealing on full size cars.

In the final analysis it's easy for us to give advice......my "favorite" is when someone says "it's yours, build it the way you want it". On sites like this bum advice costs the same as good advice............and only you pay any potential penalty. But man.........you have a terrific opportunity here!!!

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First of all, I appreciate your feedback.
The coupe is valued at over $40000 CDN with what you see. I live on the Canadian east coast, and since it was won as a prize, no taxes are due. The rear fenders are going to be widened about 3" to cover the tires and give a wedge look from front to back. The drivers side fenders and running board were removed during the carshow to show all the chrome. I'm also keeping the fiberglass hood as a momento, and looking at possibly a steel hood with open sides. There were a total of 1601 registered cars at the car show, and the grand prize was drawn at random.

Sure beats the goodie bags they give at our shows !!:LOL: :LOL: :LOL:


Don

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Originally Posted by EricM

I live on the Canadian east coast, and since it was won as a prize, no taxes are due.

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Man what a benefit! In the states it would be added for tax calc as ordinary income. Sounds like you're well down the path on planning already.

Eric, congratulations on your terrific win. Actually you got two prizes, first the car and second the no tax rule. If I had won I would have to pony up at least $2400 in state sales taxes and another $16,000 in State and Federal income taxes. That's more money than my first streetrod cost!:eek:

I, like many others, am lucky to get a $2 win in the lottery.:CRY: Now that you have something really nice with a lot of potential, make sure you stick to your plans and make it even nicer. Me, personally, I like the green color and probably would check out some really nice paint in the same hue. Seen a few like that and they have been really sharp looking.

Welcome aboard.

This probably don't mean much to you rappers and hip hop guys, but on the subject of cars and lottery, I recently saw where Alan Jackson has donated his 2005 Ford GT valued at over $200k, to a charity raffle. Tickets are $20 each and Jackson will autograph the car for the winner. Unlikely I will ever buy a Ford GT so this may be as close as I will get. I figure if I am lucky I will get to drive for a little while before having to sell it to pay the taxes.:CRY: :eek: Winning ticket to be pulled September 1, 2006.

Any suggestions for interior for a fiberglass coupe. I've looked at RodDoors.com for a 3 piece abs headliner, as well as universal door panels. Bench seat is quite costly, but bucket seats may do just fine. A Walker radiator complete with condensor for this is about $992.00 CDN.

Hey EricM,
Did you finish the deuce?

Very cool!!

The only thing that I have ever won, was some glass cleaner at a rod run.

Looks like we'll never know what happened to Eric and his prize............he hasn't been around for three years. :( He did this little initial post then went off into the night.

Don

WOW What a score, well get it ready for the next power tour across Canada ending up here.Got any more pics?

The guy made 9 posts in 2006 and hasn't been back since.........

Still it's fun to hear some people are still lucky and win cool stuff! It's fun to see some of these older posts. Would be nice to see a follow up photo!

Hmmmm, usually it takes them more than 9 posts to figure us out. This guy was fast! :eek::o:D:D

Don

Quote:

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Originally Posted by EricM

First of all, I appreciate your feedback.
The coupe is valued at over $40000 CDN with what you see. I live on the Canadian east coast, and since it was won as a prize, no taxes are due.

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How luck you are!
I won the duece roadster give away car at the Shades of the Past/Pigeon Forge in September. Built by Bobby Alloway, it has the best of everything with 350 crate motor & TCI 350 tranny, Steve Holcomb leather interior, Pete & Jakes parts - etc, etc.
With a value of over $64K US I have to pay federal as well as state tax, plus I had to pay the sales tax to get the title transfered.
Being on a fixed income of social security and a small pension, I have to sell the car just to pay the taxes! The first couple days we were on cloud nine then reality set in. It's been more of a nightmare rather than a dream. Now I know why they draw so many numbers at the NSRA Nationals before someone steps forward for the giveaway car.
There is no such thing as a free lunch! At least in the USA.
Good luck with yours and I hope you have many many enjoyable miles.
mike
Excuse the mess in the garage. When the pic was taken I had just torn down my utility shed and hadn't found room for all the stuff.

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Originally Posted by Dave Severson

The guy made 9 posts in 2006 and hasn't been back since.........

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[QUOTEHmmmm, usually it takes them more than 9 posts to figure us out. This guy was fast! Don.........[/QUOTE]

Before the negative starts about inactivity. Let me explain.
Prior to my post above, my last post was my intro in 2004! Shortly after that I had bout with cancer and a computer crash and lost everything. S-l-o-w-l-y I've been catching up on the sites I had in my 'favorites'. Now that I've found the site again I'll be around a lot more often.
mike

Its a bit sad when you WIN a car,and then you got to sell it to pay the taxes incurred by being in the right place at the right time...or is it??Yeesh,Im confused here...:confused:Glad our government[note small g]hasnt thought of that one...yet..:eek:

Man thats just not right, having to sell something like that. I got to thinking about that and what I would do if I won a Duece Roadster. The more thought I put into it the worse my headache got. Now that could be partly the problem of me giving anything much thought. But if you think about this, hell I might have to sell it as well.

Car valued at $65,000, so that would be added income of $65,000 on top of what ever else money you made that year, or a total tax hit of around 30 to 35% or so around $19,500 to around $22,700 bucks add to that sales tax. Here in Bama thats low at 4% but if you lived in lets say California it could be 7.25% to a over 8.5% in same parts of that state that could be another 5 or 5 and a half thousand dollars. So now were looking at close to $30,000 just in taxes. Yea i would sell it Too.....

RS

Given today's market where run of the mill glass '32 hiboys struggle to sell for north of $25k, and often less, a "winner" could end up upside down if all the wrong circumstances piled up.

Well I guess I'm the lucky one, I won a Debbie Boon album off the radio back in the 70s and didn't have to pay a red cent. :HMMM:Any way sad to hear that free aint free and in these times you may only break even.