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Villa International, a supplier of high-end furniture for the recreational vehicle industry, will accept selected common stock as payment from coach owners for its hand-crafted furniture using stock values priced as of July 1, 2008.
According to a press release, stocks can be used as payment for furniture upgrades up to a total purchase price of $5,000. For example, a custom upgrade that would normally cost $2,000 would only require approximately 62 shares of Merrill Lynch common stock, which closed at $32.25 on July 1. Merrill Lynch currently trades at less than half that quotation, $13.05.
Villa said it will accept stock of some 35 companies. The offer is available until May 1, 2009.
Coach owners “paying” with stock will have their orders held by credit card until the stock is transferred into Villa’s dedicated brokerage account is completed. Villa advises buyers to consult a knowledgeable tax accountant about the potential tax ramifications from such stock payment transactions.
Details are available at the company’s website, www.villainternational.com/stocks.