540 Chevelle / 6-speed charity raffle

[oestek]

MODS - I cleared this with Larry, he said it was cool to post here, but feel free to move if in the wrong spot. Thanks!

As you can imagine, the economic situation is really crushing charitable donations, so the crew at Finish Line Performance is raffling off their 540 cube, 6-speed '71 Chevelle shop car to raise money for 4 different charities including The H Foundation, Junior Diabetes, The Heart Foundation, and The Kidney Foundation. There are only 1971 tickets issued, and $150 will buy 3, so the odds of winning are pretty good, and you get to specify which charity your proceeds will go to. The FLP crew are really good guys, so we elected to help them spread the word.

More Info including 400+ hp / 550 tq wheel dyno video: http://www.v8tvshow.com/forum/index.php/topic,4963.0.html

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[bigvegan]

Man, if they'd just add raffles like that to the stimulus bill instead of taxes, we'd have the cash we need in no time.

[Restomod]

I saw that was started selling tickets on the 13th,are there still some?

[oestek]

I believe they still have tickets left.

[tones2SS]

Do you have to be present at the open house to claim prize? (I will not be attending.)
This is for a great cause and someone could win a pretty decent starter car to start a pro-touring project. Thanks!!:1st:

[oestek]

I'll find out if you have to be present.. I don't think so off the top of my head. The car is killer, Baer brakes, 6-speed, tons of power, and it's very well done. You're right, it's a great cause.

[JEFFTATE]

Wow , cool !
Thanks Kevin !

[Tom 72RS/SS]

I can't make the show but would jump in if I don't have to be present for the drawing, that is, if there's any tickets left.
Let us know Kevin.

[LateNight72]

When you go to the site to order tickets, you can select "No I will not be attending"

[Tom 72RS/SS]

I'm in, wish me luck!

[oestek]

Hey all -

Here's the actual link to purchase tickets.

http://www.flp-store.com/cars-4-cures-raffle-ticke4.html

[FLP2WIN]

Thank you for the interest in our FLP Raffle and Open House this May. Very much appreciated!

FLP Naperville

[FLP2WIN]

Answers to Questions from the Board & Customers:

You do not need to be present to win.

We have capped the ticket sales to 1971.

We just started selling tickets in early Feb. and yes they are going fast.

We are already planning to do this in the fall too because of the outpouring of business sponsors, charities and customers positive feedback.

Yes, we have dyno numbers on the car.

You can purchase tickets on line or by calling the Naperville office directly
877-flp-2win

Thank you again!

[Restomod]

I got 3 comin.........Maybe I missed it but how would one know if we won?

[FLP2WIN]

I got 3 comin.........Maybe I missed it but how would one know if we won?


You will be contacted via phone and e-mail. :)

Mitch

[FLP2WIN]

Here is a little more information....

At Finish Line Performance's 2009 open house, May 30th 2009 from 12 pm to 6 pm, we will be raffling off our 1971 Chevrolet Chevelle SS with a 540 cubic inch big block Chevy (built by Midwest Engine Tech), T-56 conversion with Centerforce dual friction clutch, BeCool radiator, Baer disc brake conversion, Torque Trust rims, etc.
Winner need not be present.
Proceeds will be going to The National Kidney Foundation, Junior Diabetes, The H-foundation, and The Heart Foundation. :)
One of the charities that we will be donating to is the National Kidney Foundation which has a special meaning to me. My mom had a kidney transplant 19 years ago (on March 10th) and I donated a kidney to my oldest brother 7 years ago (on March 20th). So they have been helpful to my family and now it is a chance to give back.
The winner of the Chevelle being announced at 6 pm.
Tickets are on sale.
1 ticket for $100.
3 tickets for $150.
Tickets can be purchased from our website or by phone.
(877) FLP-2WIN
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For more information, please visit our web site: www.flp2win.com

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https://static1.pt-content.com/images/noimg.gif (http://s499.photobucket.com/albums/rr358/Donor14/1971%20Chevelle%20SS/?action=view&current=Chevelledyno.flv)
If you are interested in becoming a sponsor for the event, please contact me for more information.
Here is a list of sponsors so far:
Gladstone Group 1, Inc.
Performance Concepts
V8TV
Royal Purple Products
National City Bank
Accumax, Inc.
ATI ProCharger
Adam's Premium Car Care Products
World Speed Racing
National Service Systems
Midwest F-Body Association

[Restomod]

Got my 3 today Thanks!! :fingersx:

[FLP2WIN]

Got my 3 today Thanks!! :fingersx:

Thank you!

[FLP2WIN]

Thanks guys... keep 'em coming. :)

[brownz]

are the tickets gone for the chevelle? i would like to get three

[vanwyk4257]

I'm in for three, what a great idea and great charities too!

[brownz]

got my three. thanks

[RaceMan]

just did my order for 3

[FLP2WIN]

Bump. :)

[brownz]

any news on how many have been sold??

[FLP2WIN]

any news on how many have been sold??

Tickets are selling well, but I still have some left. :)

[FLP2WIN]

Bump. :)

[Chicken Coupe]

Just bought my tickets!

[usc2001gc]

Is the ticket purchase tax deductible since proceeds go to charity? Just wondering, I've already purchased 6 and my wife gave me an additional 3 for a birthday present. But, I was thinking about possibly purchasing some additional tickets if it's tax deductible.

Figured I've been working on my 71 Chevelle project on and off for 10 years, so my best chance of driving one may be winning a raffle. lol

[bigvegan]

Any sense of what the assessed value would be for tax purposes?

That's an awesome car, but it would be a bummer to take out a loan just to keep the car you won for free, or have to sell it.

[Tom 72RS/SS]

Any sense of what the assessed value would be for tax purposes?

That's an awesome car, but it would be a bummer to take out a loan just to keep the car you won for free, or have to sell it.

I talked to a guy at a bike show a few years ago that had won a beautiful custom chopper in a sweepstakes for Miller Beer and was trying to sell it because the taxes were crazy high. I think the bike was supposed to be worth like $50,000+ though.
There was also a local teacher near me last year that won a Viper but couldn't keep it either because of the taxes, sucks.
I'm sure taxes won't be near that bad on this car and if I won I would hope to be able to pay it, but it would still be nice to have an idea of cost.

[T_Raven]

I just bought 3 also

[T_Raven]

Any sense of what the assessed value would be for tax purposes?

That's an awesome car, but it would be a bummer to take out a loan just to keep the car you won for free, or have to sell it.

I wonder if you would pay sales tax or gift tax on something like this. Sales tax wouldn't be too bad but I forget what percentages they use for gift taxes.

[FLP2WIN]

Thanks guys! :cheers:

[FLP2WIN]

Bump. :)

[gearheads78]

I wonder if you would pay sales tax or gift tax on something like this. Sales tax wouldn't be too bad but I forget what percentages they use for gift taxes.

I had to look into this pretty serious a couple years ago. I won the grand prize drawing at the TX Goodguys event which was a key to a 32 Ford Roadster. I had to wait until the next year to go to start it in California with 14 other grand prize winners from other events.

After looking in to it I was told I would have to treat its vavle as income. That car was valued at 75K so had I won I would have had to sell it top pay income taxes on 75K.

I would like to know too what the taxable value is and also are the donations paid through buying tickets considered tax deductible charity?

[oestek]

I was told the Illinois law (where FLP is located) states the winner will pay blue book value.. whatever blue book would be on a '71 Chevelle.

[andrewb70]

I was told the Illinois law (where FLP is located) states the winner will pay blue book value.. whatever blue book would be on a '71 Chevelle.

So about $650...LOL

Andrew

[oestek]

So about $650...LOL

Andrew

...which would be sweet!

[bigvegan]

Man, you should be able to sell the rest of those tickets now.

Tax on $650 is pretty affordable, tax on the fair market value would be pretty steep.

[FLP2WIN]

Bump. :)

[minendrews68]

Just sent in my order here's for hoping!!!!! does anyone know for sure about the blue book value for taxes?
good luck to all who has ordered...Yes it was hard for me to wish the rest good luck. just kidding..
Carl

[minendrews68]

I ordered my tickets last night, do they send confirmations of payments or if your getting tickets or not?
Thanks

[Tom 72RS/SS]

You will get a receipt and tickets in the mail.

[minendrews68]

Thanks Tom,
Carl

[FLP2WIN]

Less than a month away. :)

[minendrews68]

You will get a receipt and tickets in the mail.
Got mine last Saturday, Good to all who purchased tickets.
Carl

[oestek]

There's still time to enter...


Woz5F7auxmg

www.cars4cures.com

[subtlez28]

Thanks for the reminder, just grabbed 3!

[oestek]

The raffle is tomorrow, so it's your last chance to get your raffle tickets to win the Chevelle! Good luck!

[Finch]

I just picked up 3...Anyone know how the drawing is done, is this physical tickets dropped in a bucket or some random electronic selection based on the entry's?

[oestek]

I just picked up 3...Anyone know how the drawing is done, is this physical tickets dropped in a bucket or some random electronic selection based on the entry's?

I don't know, Mr. Lucky, but if your streak continues, you'll be driving a Chevelle tomorrow!

[FLP2WIN]

The owner of the car will pull the ticket out of a bucket. Last chance to purchase a ticket!!! :)

[Tom 72RS/SS]

I got my 3 tickets a long time ago but eager to finally hear the outcome. I want that car real bad.:attn:

[minendrews68]

I got my 3 tickets a long time ago but eager to finally hear the outcome. I want that car real bad.:attn:

Almost...as badly as I do!, Yeah, I'm still wishing everyone good luck, even though it's hard to do, I really need, would like to have, want that car.....as does everyone else who entered. Good luck everyone!
Carl:1st:

[protour73]

Hey FLP2WIN, I'm a local guy.....tell me about your shop...aren't you up at 111th and Rte 59?? Do you dyno tuning for carbed cars? what's your hourly rate?

good luck with the raffle everyone!!

[usc2001gc]

So, who won?

[subtlez28]

I'm assuming it is a bad sign they didn't call me yesterday...

[Tom 72RS/SS]

Yeah, I didn't hear from anyone either, bummer! Someone got a nice car though.

[Restomod]

No call here,guess I didnt get it.

[minendrews68]

Looks like I'm with you guys.....dang it!

[Finch]

Hmmmm, Maybe the drawing is May 30th 2010 :idea:

[oestek]

The winner was a gentleman from Lisle, IL, named John Soponi (sp?)... I'll post a video of the open house event as soon as it's done uploading. They had a whole bunch of cars, dynoed a 2010 Camaro SS, and had the raffle. Good times.

[oestek]

Here's the video of the event.. there's a cameo of Chris Jacob's '67 Chevelle... it's tearing up autocross events throughout the midwest.

http://v8tvshow.com/content/view/762/1/

[67 ls1 vert]

That's pretty cool. He couldn't believe it was real.

Congrats to John. Lucky guy. :1st: