A Michigan high school student is currently faced with a dilemma that we’re sure every teenager wishes they had.
Jack Kyger must decide whether to take a brand-new Cadillac ATS-V or $50,000 cash as a prize after he sunk a hole-in-one during the recent Gene Lewis Hughes, Sr. Memorial Golf Outing at Battle Creek Country Club.
Kyger, a senior at an area secondary school, said he wasn’t even trying to sink a hole-in-one per se, but simply trying to land a good shot as close to the pin as he could.
“There was a sign saying you can win a car, and I didn’t even think about it, it was just another hole,” Kyger told USA Today. “Then they said, closest to the pin wins a TV, so I was just trying to leave a good putt for a birdie. I threw it past the hole and it spun back and it went in and they told me I won $50,000 or a car and we were all freaking out.”
Kyger will allegedly be headed to college soon, so it seems the responsible thing to do would be to take the $50,000 in cash. Then again, it’s not every day that you have the opportunity to own a 465-horsepower luxury sports car, and college kids do usually need a vehicle to get around.
Kyger seems smart, though, and knows what the responsible thing to do is.
“I have to decide in the next couple of weeks and then we’ll have the big check and have some photos taken with the car,” he said. “I haven’t made up my mind. But the way I think about it, no 17-year-old needs a brand new Cadillac to drive around in. I have a truck that gets me places.”
As for the dealership that owns the Cadillac, Superior Buick Cadillac, they are actually happy to see someone take the Cadillac ATS-V grand prize.
“Some people think we don’t want anyone to get a hole-in-one and win the car. But that’s not true,” said store manager Traci Bohannon. “We aren’t scared to have someone win, we want it to happen.”
Source: USA Today
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Comments
Cash. No brainer. Invest it and make more. ATS-V will just lose value.
If the stars allign for me financially then I’ll be buying a used ATS-V sometime in the next year. It is simply the coolest and most practical sports car made by GM.
That said, unless the kid is already wealthy he should take the money. An ATS-V would cost a lot of money to insure and maintain at a time when the kid should focus on school or beginning a career.
What 17 year old wouldn’t want to have that choice! But unless they are offering that car with a specialized performance driving school to go with it, he’d best just take the cash. Otherwise, we’ll be seeing a pic in about 2 months of a near brand new ATS-V for sale as “salvage”. If he’s real smart, he’d take the cash and safely invest it with zero intention of every touching it till he’s 60+.
I would sell it.. give some money to my parents then save the rest for college.
Take the money, pay for college and get a degree. Most likely you will have some money left over to buy some trust funds and wait until you have a mid life crisis and buy one with the lowest mileage possible. By then you will be able to afford one.?
If he is 17 years old he probably doesn’t have the money that he can afford to win this car. If you want to car the IRS wants 25% for taxes upfront before you take delivery of the vehicle. MSRP about $68,000. That is $17,000 for tax withholding, the actual tax rate will be determined when he does his 2019 income tax. And his income may be high enough, that he is no longer a deduction for his parents.
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Amazing it’s great luck to win such a big check. Undoubtedly, the student will need money for the period of study. But parents should control the expenses. Let the guy spend money on a good college education than on entertainment and ordering written work on the pro-papers.com