2005 Mustang GT for Charity

xxxBlakexxx · 01-11-2004, 12:09 PM

Folks:

I am currently on a waiting list for an '05 GT. I have been assured that we will be able to get the car. I am hoping for a Vert, but I have no info on availability yet. The thing is, the car is going to be raffled in the Spring/Summer to raise money to help build an isolation house for children with cancer.

As the VP of the organization, I have a lot at stake if this raffle flops. We have to guarentee that we will purchase the car even if the raffle is a bomb and then be stuck trying to get rid of it, which may not be a problem anyway.

We plant to sell a maxiumum of 1000 tickets at $100 each. I have seen a number of other raffles that have followed this same formula with excellent results. Obviously, not everyone can afford the ticket, but the winner will also have to pay income tax on the car by the end of the year. So, folks with smaller funds, might not be able to afford winning the car either. Another option for the winner, would be to sell it.

If you have an opinion about this, let me know. Am I nuts? When we are ready to go, I plan to hit up all of the Mustang Clubs. The car can be sent anywhere in the 50 states.

Blake

01-11-2004, 12:09 PM	#1
xxxBlakexxx Registered Member Join Date: Sep 2003 Location: Mountaintop, PA Posts: 634	2005 Mustang GT for Charity Folks: I am currently on a waiting list for an '05 GT. I have been assured that we will be able to get the car. I am hoping for a Vert, but I have no info on availability yet. The thing is, the car is going to be raffled in the Spring/Summer to raise money to help build an isolation house for children with cancer. As the VP of the organization, I have a lot at stake if this raffle flops. We have to guarentee that we will purchase the car even if the raffle is a bomb and then be stuck trying to get rid of it, which may not be a problem anyway. We plant to sell a maxiumum of 1000 tickets at $100 each. I have seen a number of other raffles that have followed this same formula with excellent results. Obviously, not everyone can afford the ticket, but the winner will also have to pay income tax on the car by the end of the year. So, folks with smaller funds, might not be able to afford winning the car either. Another option for the winner, would be to sell it. If you have an opinion about this, let me know. Am I nuts? When we are ready to go, I plan to hit up all of the Mustang Clubs. The car can be sent anywhere in the 50 states. Blake __________________ "Children should not get cancer, but they do!" Help a child with cancer at www.homeoftheirown.org My Stang: 2000 Mustang GT Vert - Steeda Tri-Ax Shifter; C&L Plenum; BBK 75 mm TB; Steeda Strut Tower Supports; Black "Deep Dish" Bullet Wheels; FRPP 4.10's; Steeda Subframes; SLP Catback & SLP Catted X-Pipe; SCT 4 Position Chip with 3 custom tunes; Steeda CAI; Venom-1000 Nitrous; Roush Stage 3 Body Kit; Bullet Suspension Package (on the way)

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