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#1 | |
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Join Date: Jun 2007
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Keep in mind that this was from many years ago from a conversation I had with the head of a very large, very prominent parts manufacturer. It may have changed since we talked. He was really amused at my confusion and outrage after he explained the program to me - and why he hated it but felt he had no choice but to participate. He told me that the money posted goes to the NHRA as if every winner throughout the year in every class posted was using his products and would be paid out. Seems like they didn't require a lump sum all at once but the contract called for timed payments like business taxes. What made my mind spin is that he said if a winner was not using his product, there was no refund to him for the money he'd already paid even though the NHRA didn't pay it. I think I remember he also said that a cut was taken (and added to the total contingency bill) for administration. He sold very popular products so I assume he decided it was worth such weird conditions. |
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#2 | |
Senior Member
Join Date: Aug 2007
Location: Monroe Twp NJ
Posts: 500
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All my contingency checks came from the companies after I sent the completed tax forms to them. I even got a letter from Goodyear asking me to cash their check at the end of the year. Maybe I was lucky, but everyone paid me. I believe others I know that qualified for contingency had the same experience. That is not to say others have had the same success.
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Duane Hoven 1342 SS/GT |
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#3 | |
Sponsor
Join Date: Jan 2002
Location: Galesburg IL.
Posts: 175
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NHRA gets a fee for each item posted. In my opinion NHRA has made improvements in the program. They have done a better job of verification and listening to the sponsors and racers. Is there room for improvement? yes, I strongly believe that they should work to bring back many companies to the program who left for various reasons. Robin
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STK 308 SS 3088 |
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#4 |
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Join Date: Sep 2013
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As mentioned the contingency payment comes straight from the manufacturer. The last I really was in the know was with Classic Trailers when they were still in business. I don't remember the exact number but the cost to "participate" floored me!!!
I have my own way of ID'ing deadbeat companies. If I did all the right things and wasn't paid. The decal was removed and a replacement was put back on upside down. I was never bothered but I have heard of other racers doing this and being asked to remove the decal. My favorite is... sorry your ------ is over 2 years old......... Jesus H! If I knew I had to replace it every 2 years I would have never bought this one! ![]() ![]() ![]() |
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#5 | |
VIP Member
Join Date: Jun 2007
Location: from Vancouver BC Canada, now in Nova Scotia
Posts: 1,311
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NHRA 6390 STK M/S 85 Mustang |
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#6 |
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Join Date: Jul 2015
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