GT-R raffle
 

Hey guys,

Not sure if I am putting this in the right section, but the dealership where I bought my 370z is doing a raffle for a 2010 Nissan GT-R. They are selling 3000 tickets at 50 bucks a pop. They have all the necessary info on the site to sign up, here is the link........

GT-R Giveaway

3000x50 = 150,000

ok, you might win. :tup:

"If a minimum of 1,500 tickets are not sold the raffle will default to a 50/50 and the winner will receive half the value of the collected revenue."

They win both way slol

Is this legit........

Ya how do we tell its not a scam so I can sign up lol.

maybe some guy who's wife wears the pants will win it and he will have to sell the car and try to get more than MSRP for it. THAT would be weird huh...

lulz

Yes, it is legit. After the raffle ends they sell the car to the charity, the charity uses the monies raised in the raffle to buy the car and give it to the winner, the balance of the money raised goes to the charity.

I think this just went live today.

Yes it is legit. Open the link and they EVEN put their lawyers phone number up on the site if people want to call in and check it out.

Well, at least the money I save for possibly getting this free can go to the maintenance costs. I'm in for $50, LOL...

The expected value of your return on a $50 raffle ticket that's one in 3,000 is $26.67 (assuming $80,000 MSRP with destination), which isn't that bad when compared to other raffles.

in for $50

i guess it sounds kind of hipocritical, but i would probably sell the GTR if i won it. i'm not entering though. But i would use some of the funds to do forced induction on my Z.

I would sell it too even though I want it.

+1 on selling it...I wouldn't be able to afford the maintenance. I'd use the money to pay off the Z, do more mods and pay off a bit of my school loans.

OR, do an ENGINE SWAP :) and then part out the rest. Ruin the car, but build an awesome Z

so, it seems like the general consensus is its OK to sell a sports car you win as long as you put some of the money towards making your car better. NOT if you sell it and buy a family sedan or more practical car.

I'd trade it for a MY2012 edition, or a Dodge Caravan.

yea those are pretty similar, hard to choose between... i mean you are talking about the Caravan SRT10 right?

It would be very difficult for me to sell it though. I've been wanting a GTR since I was 17 (I'm 26 now).

I meant the MY1985 Caravan. Hopefully one with wood paneling on the side.

In my mind this is just as ridiculous as selling it and keeping the Z.

Nice calc, daleks!

I know any raffle/lottery is not the most sound financial decision, but I'm a sucker for some of the more unique ones (and if they benefit charity!)... :happydance:

Actually, if they only sell 1500 tickets then they may lose money. The actual cost to them of the GT-R matters a lot. It's probably being written off as a donation and so their cost is effectively lower.

their actual "cost" on a $84K GT-R is about 76Kish invoice is around 79K

Yea they sell one car a year to the charity.....all the details are listed on the site. They prolly get a nice tax break doing this type of stuff......i hope i win this.....everyone says I should sell the car if I win.....someone at my work said I would have to pay a huge tax on this car if I won it??? Not the excise tax but the actual tax for winning the car, does anyone know anything about this???

Yes, the Federal Tax law states that the prize is to be considered income, so it gets listed on your 1040 return. For big prizes (usually cash prizes) they withhold 25% on your behalf and make that payment to the IRS for you. For an expensive car like this it would cost you $20K to keep it, and another $5K to register it in MA. So your "free" car ends up costing you almost as much as a new Z. Still beats paying $80K.