Hmmm. This is interesting. As a CPA and confirmed tax nerd, I wonder how the IRS would view this arrangement? For example, if the dealership doesn't outright compensate him WITH a Porsche, but with UNRESTRICTED USE of a Porsche, is that constructively equivalent to effectively giving him the car and would he incur tax on the entire automobile value - in this case probably approaching six figures. Or alternatively is there some way to construct an argument that 'Hey, listen, IRS, he only had use of the automobile during X hours/Y days per week, the tax bill is substantially smaller than you think, go away please.'
This is the side of the deals where people win cars on game shows that very rarely gets examined. Like, 'Hey, good news, you won the Price is Right Showcase Showdown, here are the keys to your new (car ).' And what they don't tell you is that the IRS will impute the value to you as income, the state will probably do the same AND whack you with sales tax and then there's the whole property tax issue dependent upon where you're living......all from a cashless (to you) transaction.
Were I TyTy, I'd say, 'Yes yes yes a Porsche is undeniably cool and an unthinkable luxury for most 18 year olds, but if it's all the same to you I'd rather appear in a commercial or something and get compensated with Good Old Cash Money, or crypto if you handle that.'
This is good stuff. But like I said I'm a tax nerd.