Protouring Raffle Poll

[KrisHorton]

Thanks..

I think the only input from the members should be on the color/look of the car. Maybe Kris could render the car in 3 or 4 color/styles and everyone could vote.

I'd be up for that. Builder settles on the type of car, members settle the look of the car. Fair enough, right?

Kris

[kmcanally]

amen brother Steve....

Is there any talk about PHR getting involved and featuring the build-up month to month like they did for the Mule and Malitude? This publicity might help get more manufactures on board because of the obvious exposure. If the build-up articles are anywhere near as popular as the Mule buildup it would be a huge success.

[MuscleRodz]

I was not implying that every decision be put up for vote and turning it into a circus. But I think there should be a certain amount of member involvement besides buying tickets.

Mike

[Travis B]

I was not implying that every decision be put up for vote and turning it into a circus. But I think there should be a certain amount of member involvement besides buying tickets.

Mike

I agree Mike

Maybe....

Color, wheels, interior theme, powertrain! Do a poll just like this post

[Bill Howell]

I have enjoyed reading all the comments here. As everyone can see, there are alot of issues to address here before any tickets go on sell.
However I feel we can work through them.
As for what parts we would use, I am sure whatever venders stepped up first would be on board. Hopefully some of them that lurk here will see the potential of this and step up. When you are looking for donated parts, it is hard to kick a gift horse in the teeth.
Of course, no decision has been made about who would build it, but I will assure everyone that Frank has much more experience with raffles than anyone else who has stepped up so he will certainly be involved with that part of the promotion. I know that his shop is swamped with work at the moment, and not sure he has the time, even if we wanted him to do it, but that is not an issue at the moment anyway.
SEMA 2006 would be the planned give away date, so as everyone can see, this is something that must start soon.
Mike, I agree with you 100% that members here should be involved in some of the decisions and direction of the build. Certainly, we could not build something that would rival the mule, but this will be a car anyone here would be proud to own.
As with any give away, there would be a tax consequence for the winner. No different than hitting the jackpot at the slots, or winning a car off the radio. That is a fact of life and I for one do not want the tax man on me.
Tony, Travis and others, I hear you about the 69 Camaro choice. As Steve pointed out, like it or not it is the hot item right now and so many aftermarket parts out there that it just makes sense to build one for our first car. Everyone knows that I like 69's too, but surely understands they are not my first choice. However, I just think we would get the best bang for the buck with one. If this one is a hit though, the next one would be something different.
Lastly let me add this, I am just throwing things out there right now, trying to get a feel of where this is heading. I am in no way speaking for Larry, Ralph or anyone else, just gathering information. I do feel this is something that will work, but also am a realist and know that the homework has to be done first.
Thanks again for all the imput and feel free to add to this discussion as you think of things.

[brads69]

count me in for 1-$100 or 2-$50.

[Damn True]

Same as on Overhauling..

You have to pay tax on the winnings just like you hit the lotto. You could work the labor as "donated" but the winner would still be responsible for IRS taxes on the value of the car/parts plus local taxes and license..

Still, it's pretty cheap for a PT car..

I don't know of a way around the IRS deal but I am not a tax guy.

We could get around the tax dealio by merely stating on the registration transfer that the car was purchased for $100 (or whatever the ticket price winds up being).
Those who donate parts $ services can write off the cost as promotional expenses.

[YoungGun]

As far as the cost of the tickets. It seems that alot of people who can pay for $100 will buy 2 $50, someone stated well then lets just do the 100, its the same thing.
I just think that if you can afford the $100 then you can buy two $50, but if you cant afford the 100$ you probably can buy a single 50$. I think its better to be cheaper, it gives a broader range a change to buy a ticket, and those who can spend more can just buy multiple tickets.

I hope that made sense.

Tim

[Steve1968LS2]

well, just keep in mind that if all the people who would buy one $100 ticket buys two $50 tickets that just increases the number of tickets in the pool and decreases any one persons odds of winning

I'm fine with $50 tickets or $100 tickets.. just thinking out loud.

Oh, and the tax thing.. I don't picture the IRS being that easy to get by.. Didn't Boyd get busted by the CA tax man for registering old super high dollar cars as old low buck cars?

The point is that we need to find out about this from a tax professional and not rely on internet rumors and hearsay.. In general Uncle Sam wants his share of your windfalls whether they be a big $ bonus at work, a winning lotto ticket or winning a car. It all falls under the income catagory..

[96Z28SS]

I'd buy $150

[ProdigyCustoms]

I will answer the tax issue, the winner will get a 1099 for the value of the car, or else the builder / promoter will not be able to expense it, plain and simple. However the value of the car is not the total of the tickets sold.

A lot of these post are concerned about sponsorship. It won't matter, the giveaway can not be promoted based on speculation or promises for sponsorship. It would be financial suicide to base expenses / cost on promises of parts. As anyone here knows that has ever dealt with sponsorship, they can go away in a second. As an example, I recently had a $2500 sponsorship that had been arranged for months, almost go away by one day. It just so happened I called on another issue, and got notice that my guy was leaving and we had to move product that minute, as it probably would not be available in the new management!

Additionally, it will be extremely difficult to get sponsors to give up product before the project is even started. So unless there are parts on the floor before the announcement, then cost has to be based on purchasing parts. If any part sponsorships are secured, that should be to the benefit of the promoter that is funding the project and taking the risk.

I like the idea of the board and Horton designing the look. Personally I have blown my wad on the last few we have done and can use new ideas.But who has ultimate say? How do you settle disagreements in style? Voting only causes heart ache for the members that do not get their way. Sometimes it is best in these situations to develop the project, present it to the community, and let it eat. Again, there is a incredible risk if it is not managed and promoted properly.

As of this writing, we have 3 terrific pages of input, and 70 votes. The vote total right now is:

40 will buy $100
25 will buy $50
3 will buy $150
2 will buy $200
and 1 will buy $300

So we have $6500 in promises, About 6% home, we only have another $93,500 to go!

[TonyL]

The total value of donated parts and actual price of the car would be what you're taxed on. The vendors have to show the retail value of the parts donated and labor to get a write off. These figures are used to determine overall value of the car.

Im all for 100$ tickets in an effort to keep the odds of winning as high as possible.

[HatTrick]

Valid points but what if the owner has a 64 Riviera and wants that done.. now you have a car with little to no aftermarket (that equals no donated parts) and a LOT more fab work. Also, since there is no car being raffled it will be impossible to get sponsors on board since they will not even know if the winning car will be able to use thier products.

There is something anti-climatic about raffleing off a promise where all the action takes place AFTER the winner is chosen and everyone quits caring as much because they don't have a horse in the race any more.

Also, what about the guys that want to play but don't have a car? The Overhauling approach is good in concept but tough to execute, especially from a marketing standpoint.. When you are advertising the raffle what would you show? An empty lift with the words "imagine your car here"? By having a tangeble item that people can see and want you are selling something rather than the idea of something.

The excitement of the Raffle pretty much ends once the winner is picked. By building the car afterwards the interest level in the build will be very minimal compared to watching the build of a car that YOU MIGHT WIN. Watching the car come together is the sort of thing that makes people buy tickets and pay attention.

I hope some of that made sense..

Thanks for replying. You are dead on about the exitement dying off at the end of the raffle. I'm convinced. :icon996: :icon996:

Either way, I'm still in for a couple tickets.

[Steve1968LS2]

Thanks for replying. You are dead on about the exitement dying off at the end of the raffle. I'm convinced. :icon996: :icon996:

Either way, I'm still in for a couple tickets.

I'm like that broken clock that is right twice a day.. lol..

Keep in mind the POLL Choices other than $50 or $100 were added way after the poll started so the higher dollar choices were not available to the first 40 people who voted..

And we have lots of lurkers here on pt.com that would not vote but would probley buy a ticket. I say sell raffle tickets to those outside the site if necessary to make it a success..

[Jim Nilsen]

Doesn't it just make sense to go with the $50 ticket. You increase your odds to win with 2 tickets for $100 even if there are twice as many people in the raffle. I'm not a big gambler but I still know that 2 chances are better than one.

Watch me pull a pt car out of my .......

Jim Nilsen

[TonyL]

jim, lets say that the total value of the car is a 1000 dollars, they are only going to sell 10 tickets at 100 bucks each. or 20 at 50, which raffle is better?

thing is, they are only going to sell a certain number of tickets.

[ProdigyCustoms]

jim, lets say that the total value of the car is a 1000 dollars, they are only going to sell 10 tickets at 100 bucks each. or 20 at 50, which raffle is better?

thing is, they are only going to sell a certain number of tickets.

exactly, if you spend $100 weather it be one ticket for $100, or 2 tickets for $50, in the $1000 raffle, your odds are still 1 in 10

[Martin71RS]

will non US residents be able to participate????
I would like to win a car built by Frank.....

[ProdigyCustoms]

Hell Yeah Martin.

[paul67]

Before a vote on who would buy tickets as things in people lives quickly change, that someone should take control of the project not the building as that seems to be done,but getting the parts and the sponsers on board, because theres so many varables, like type of engine, carb ,LT1,LS1 . manual, auto. rack steering , box steering list goes on .Poss the person to run maybe has or no's someone in marketing, to get press coverage as that whats the sponsers will be looking for .
just a thought.
paul67