1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

2007 Civic... for $170

Discussion in 'Members' Lounge' started by pissedoffsol, Aug 17, 2006.

  1. pissedoffsol

    pissedoffsol RETIRED

    Messages:
    49,693
    Likes Received:
    53
    Joined:
    Sep 28, 2002
    Location:
    Retirement Home
    A charity is raffling off an 07 civic for a ticket price of 170 bucks....

    Civic


    I'm really considering buying a ticket. thoughts?
     
  2. Airjockie

    Airjockie Watanabe Whore!!!

    Messages:
    11,238
    Likes Received:
    166
    Joined:
    Jan 21, 2003
    Location:
    Meriden, CT, USA
    looks ok...maybe...
     
  3. Airjockie

    Airjockie Watanabe Whore!!!

    Messages:
    11,238
    Likes Received:
    166
    Joined:
    Jan 21, 2003
    Location:
    Meriden, CT, USA
    if you win it, you'll have to cover the taxes for it, unless the car is in FL....and then you'll have to go pick it up...ohh well...there's got to be a catch....I'd be happy witht he home depot card though....
     
  4. pissedoffsol

    pissedoffsol RETIRED

    Messages:
    49,693
    Likes Received:
    53
    Joined:
    Sep 28, 2002
    Location:
    Retirement Home
    you can take 16k cash instead of the car they said...
    take the cash, pay the 30% and you still walk out with 10k in your pocket with 0 hasssel, and some money goes to the chairty.
     
  5. reckedracing

    reckedracing TTIWWOP VIP

    Messages:
    21,057
    Likes Received:
    1,180
    Joined:
    Dec 5, 2002
    Location:
    NY
    eh, see how many tickets they are selling
    lol

    a girl in my senior class won a car like that
    her dad purchased a $100 ticket for a new in 1998 sunfire
    he won...
    so his daughter got a new car
    and they really didn't need to win either, he owned the local resort etc...
     
  6. eg6sir

    eg6sir Supa Mod Moderator VIP

    Messages:
    21,703
    Likes Received:
    321
    Joined:
    Aug 17, 2005
    Location:
    661 BK CA
    if you got the money do it..
     
  7. phyregod

    phyregod !!YTINASNI

    Messages:
    9,449
    Likes Received:
    225
    Joined:
    Jun 11, 2005
    Location:
    Central Texas
    $170 is a pretty retarded price for a raffle ticket.. I've bought them for $10 and even $25.. but that is way too much for something like that. Taxes on a civic would be $1000ish.. probably less. I'd pay that for an '07 anything.. Well, maybe not a hyundai..

    I'd pass. Go put $170 on a random number on a roulette wheel. The risk/prize ratio is way better. Wow, that works out funny, 170 tickets at $170 = $16k.. Then they X2'd it to get 16k for the charity.. Sorry, struck me funny for some reason..

    They do have a little class though, its a Civic Si.. not just some random base model.
     
  8. pissedoffsol

    pissedoffsol RETIRED

    Messages:
    49,693
    Likes Received:
    53
    Joined:
    Sep 28, 2002
    Location:
    Retirement Home
    the price is steep because they are limiting the number of tickets being sold.... better odds.
     
  9. reckedracing

    reckedracing TTIWWOP VIP

    Messages:
    21,057
    Likes Received:
    1,180
    Joined:
    Dec 5, 2002
    Location:
    NY
    correct, if you purchased the car...
    raffle winnings = income according to the federal gov't = taxes

    better odds, yea, but would it be a comparable payout, doubtful

    i wouldn't drop 170 on it though
     
  10. phyregod

    phyregod !!YTINASNI

    Messages:
    9,449
    Likes Received:
    225
    Joined:
    Jun 11, 2005
    Location:
    Central Texas
    Hence the risk/prize analysis.

    $170 for a ticket, 340 tickets sold, for a prize of $16,000.

    So, your chances in the raffle are 1/340 to win $16,000

    Your chances in roulette are 1/38 to win $6120 (adding in the 0 and 00 for odds)

    So, although you only get 1/3 the prize money, you are 10x more likely to win.

    Either way you are gambling and the odds are stacked very heavily against you.
     
  11. pissedoffsol

    pissedoffsol RETIRED

    Messages:
    49,693
    Likes Received:
    53
    Joined:
    Sep 28, 2002
    Location:
    Retirement Home
    sure, but would you rather give money to filthy rich indians, or to a charity?
     
  12. phyregod

    phyregod !!YTINASNI

    Messages:
    9,449
    Likes Received:
    225
    Joined:
    Jun 11, 2005
    Location:
    Central Texas
  13. totalburnout

    totalburnout Well-Known Member VIP

    Messages:
    7,068
    Likes Received:
    126
    Joined:
    Oct 22, 2002
    Location:
    NJ
    Go for it.

    The odds aren't that bad.

    If you have the extra cash, do it and the taxes are a non issue. Get a small loan if you don't have cash on hand and then sell the car and you're obviously way out ahead.
     
  14. Airjockie

    Airjockie Watanabe Whore!!!

    Messages:
    11,238
    Likes Received:
    166
    Joined:
    Jan 21, 2003
    Location:
    Meriden, CT, USA
    go drop the 170 to the indian's table, if you win, then you paypal 36 people (including yourself) a $170 so they paypal the charity for the ticket, and if they win, then they sign the winnings back over to you, or give you the car, and pay the paypal fee's and taxes, sell the car and collect a lump sume that can be used to go play at the indians table for more money...find another charity like this...and repeat. The first 1 in 10 th chance is the hard one....


    or have 3-4 people buy 10 yickets, and save on the paypal fee's....
     
  15. vtecsir1

    vtecsir1 Senior Member

    Messages:
    3,313
    Likes Received:
    17
    Joined:
    Dec 5, 2002
    Location:
    Orlando, FL
    do it, then you will have the commuter car you wanted.
     
  16. hosmer

    hosmer I made the millionth post VIP

    Messages:
    3,162
    Likes Received:
    82
    Joined:
    Jan 26, 2005
    Location:
    B R I D G E W A T E R
    pffft


    WAY TO RIP OFF MY IDEA
     
  17. eg6sir

    eg6sir Supa Mod Moderator VIP

    Messages:
    21,703
    Likes Received:
    321
    Joined:
    Aug 17, 2005
    Location:
    661 BK CA
    like i said.. "IF" you have the money, do it.. you have the chances to win an 07 civic..
     
  18. VTECin5th

    VTECin5th Administrator

    Messages:
    2,182
    Likes Received:
    4
    Joined:
    Apr 17, 2005
    Location:
    Phoenix Az
    Actually B, just have a bunch of us send you $5 (34 people), if we win, split it up evenly :D
    payout would be near $300
    Then if we lose, we're out $5 we'll never remember, but if we win, we'll be up $295 that we'll remember forever.
    k i'm in :p
     
Verification:
Draft saved Draft deleted

Share This Page