PCA 911-T Raffle Question
12-12-2017, 09:28 AM
#16
Rennlist Member
11. Unless prohibited by law, the winner may substitute a cash prize in the amount of $85,000 US in lieu of taking possession of the car and $25,000 Cash Prize. Any election to take the cash prize must be made within ninety (90) days after the drawing.
12-12-2017, 09:42 AM
#17
Race Car
You can choose 85k plus the 25k cash prize. 110k
11. Unless prohibited by law, the winner may substitute a cash prize in the amount of $85,000 US in lieu of taking possession of the car and $25,000 Cash Prize. Any election to take the cash prize must be made within ninety (90) days after the drawing.
12-12-2017, 09:48 AM
#18
Rennlist Member
Here it is: "11. Unless prohibited by law, the winner may substitute a cash prize in the amount of $85,000 US in lieu of taking possession of the car and $25,000 Cash Prize."
If you wanted the cash, it is probably better to just take the car and flip it.
12-12-2017, 09:48 AM
#19
They gave away 6 cars plus cash in the last raffle for a GTS. So that was between 28,500 and 32,500 tickets or $1,425,000+.
12-12-2017, 10:29 AM
#21
Rennlist Member
The 85K is in lieu of the car+25K. And is taxed similarly as "regular income". Its not a very good deal at all versus flipping the car.....the GTS prize was spec'd at 142.5K + 25K. Would EASILY pocket more than 85K option if your intent was max cash.
They want you to take the car. "We do this to giveaway cars, not hand out checks"...or something similar was what I was told. And why wouldn't you? You bought a ticket to win a car, not cash. (conceding that everybody's financials are unique)
They want you to take the car. "We do this to giveaway cars, not hand out checks"...or something similar was what I was told. And why wouldn't you? You bought a ticket to win a car, not cash. (conceding that everybody's financials are unique)
12-12-2017, 10:42 AM
#23
RL Community Team
Rennlist Member
Rennlist Member
Originally Posted by MKW
as usual , there is nothing stopping one from buying $$$$ worth of raffle tix to improv one's odds !
01-31-2018, 09:06 PM
#25
Racer
01-31-2018, 09:49 PM
#26
Rennlist Member
It always seems to take weeks (months even as I recall) after the supposed announcement date for all of the winners to be announced publicly. It appears you can request the list by this line in the rules, but who knows how long the response takes:
"For the name of the winner, send a self-addressed, stamped envelope to Porsche Club of America, P.O. Box 6400, Columbia, MD 21045, after January 31, 2018."
Like daberlin, I'm pretty sure I have one of them though.... just waiting for the call or the surprise reveal they like to do sometimes.
"For the name of the winner, send a self-addressed, stamped envelope to Porsche Club of America, P.O. Box 6400, Columbia, MD 21045, after January 31, 2018."
Like daberlin, I'm pretty sure I have one of them though.... just waiting for the call or the surprise reveal they like to do sometimes.
