Corvette raffle
Burning Brakes
Joined: Mar 2016
Posts: 1,055
Likes: 269
From: Bucks County PA
I just won a 2017 Grand Sport Collectors Edition a few weeks back, will be picking it up on Feb 9th.
I had purchased a few tickets over about a year for various ones they were giving away. I always went for the ones that were limited to 1,000 tickets. I purchased over the Internet and always wondered if they really made it into the raffle :-) I can say, they do, totally legit, super excited to be picking it up in a few weeks time.
Definitely give it a try.
I had purchased a few tickets over about a year for various ones they were giving away. I always went for the ones that were limited to 1,000 tickets. I purchased over the Internet and always wondered if they really made it into the raffle :-) I can say, they do, totally legit, super excited to be picking it up in a few weeks time.
Definitely give it a try.
Melting Slicks
Joined: Jan 2017
Posts: 2,982
Likes: 1,039
From: Georgetown CA
2018 Corvette of Year Finalist
2017 C7 of Year Finalist
https://store.corvettemuseum.org/corvette-raffle
Melting Slicks
Joined: Jan 2017
Posts: 2,982
Likes: 1,039
From: Georgetown CA
2018 Corvette of Year Finalist
2017 C7 of Year Finalist
I'm tracking all my expenses though, and I'm sure it will still be far less than if I bought the car new. But I'm guessing it will be close to what it would be to by the car used, after the initial depreciation....
Outside of all of that, there is the overall experience. I haven't even picked it up yet and I'm still on cloud nine....
Race Director
Joined: Sep 2006
Posts: 11,199
Likes: 1,139
From: Santa Rosa Beach FL
May be a little difficult to sort that out, but I'll try to remember. I can say that up front they collect 25%, which won't be enough. It also depends on the tax bracket you're in as well.
I'm tracking all my expenses though, and I'm sure it will still be far less than if I bought the car new. But I'm guessing it will be close to what it would be to by the car used, after the initial depreciation....
Outside of all of that, there is the overall experience. I haven't even picked it up yet and I'm still on cloud nine....
I'm tracking all my expenses though, and I'm sure it will still be far less than if I bought the car new. But I'm guessing it will be close to what it would be to by the car used, after the initial depreciation....
Outside of all of that, there is the overall experience. I haven't even picked it up yet and I'm still on cloud nine....
Our local airport in Destin/Ft Walton Beach has a direct flight to BG should I ever win at the NCM 
Melting Slicks
Joined: Sep 2013
Posts: 3,119
Likes: 799
From: East Lansing, MI
Easy to trace the thread. Next year, just click your user name and threads started by you. Wow...25% is not enough for uncle Sam? I guess we all gotta make up for the professional draft and tax dodgers. Oh yeah...the arrival and drive home. Our local airport in Destin/Ft Walton Beach has a direct flight to BG should I ever win at the NCM
Our local airport in Destin/Ft Walton Beach has a direct flight to BG should I ever win at the NCM I usually enter the $10 unlimited entry raffles at NCM, also.
Melting Slicks
Joined: Jan 2017
Posts: 2,982
Likes: 1,039
From: Georgetown CA
2018 Corvette of Year Finalist
2017 C7 of Year Finalist
Easy to trace the thread. Next year, just click your user name and threads started by you. Wow...25% is not enough for uncle Sam? I guess we all gotta make up for the professional draft and tax dodgers. Oh yeah...the arrival and drive home. Our local airport in Destin/Ft Walton Beach has a direct flight to BG should I ever win at the NCM
Our local airport in Destin/Ft Walton Beach has a direct flight to BG should I ever win at the NCM On top of this I still have to pay sales tax to California as well based on the MSRP, insurance and I'm going to get it wrapped with Xpel as well. So not free, that's for sure!
There are millions of tiny violins playing out there I know, first world problem. I'm not bitching about it, just want to make sure people know what to expect before they go entering the raffle.
They do have a cash prize as well, instead of taking the car, but I didn't enter the raffle for cash....
Team Owner
Joined: Sep 1999
Posts: 41,732
Likes: 1,718
From: Springfield MO
Owner of the Harley dealership in Lebanon, MO won a new ZR1 several years ago from the NCM. Shortly after he took delivery, on a cold morning(in the 20's) he lost control of it, drove through a chain link fence, with around $40k in damages.
Melting Slicks
Joined: May 2012
Posts: 2,903
Likes: 315
From: Cedar Falls Iowa
What's the deal with the NCCC raffle? Looks like $50 a ticket with 2000 tickets. Payout is $56.5k for a C7 or $40k cash. Since it's essentially a donation it's a tax write off correct? Drawing for this one is 8/25/17.
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Racer
Joined: Aug 2002
Posts: 355
Likes: 32
From: Fond du Lac Wi
raffle tickets
if you are concerned about the tax implications of winning a raffle - first read the national corvette museum rules and regulations .
then ask your tax preparer , CPA for advice.
Ed Foy CPA
foytoy 2016 stingray convertible.
Safety Car
Joined: Nov 2000
Posts: 4,030
Likes: 2,598
From: Northern VA, USA
EDIT: Foy Toy posted while typing, with all the right info!
Last edited by z28lt1; Jan 30, 2017 at 02:23 PM.
Instructor
Joined: Apr 2015
Posts: 126
Likes: 13
I just won a 2017 Grand Sport Collectors Edition a few weeks back, will be picking it up on Feb 9th.
I had purchased a few tickets over about a year for various ones they were giving away. I always went for the ones that were limited to 1,000 tickets. I purchased over the Internet and always wondered if they really made it into the raffle :-) I can say, they do, totally legit, super excited to be picking it up in a few weeks time.
Definitely give it a try.
I had purchased a few tickets over about a year for various ones they were giving away. I always went for the ones that were limited to 1,000 tickets. I purchased over the Internet and always wondered if they really made it into the raffle :-) I can say, they do, totally legit, super excited to be picking it up in a few weeks time.
Definitely give it a try.
Administrator
Joined: Mar 2001
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From: In a parallel universe. Currently own 2014 Stingray Coupe.
C7 of the Year - Modified Finalist 2021
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Yes, there are several people on the forum that have won their car in a raffle. IIRC, someone on here recently won a C7 from the NCM.
Advanced
Joined: Jul 2003
Posts: 50
Likes: 4
From: Broomfield CO
One could have roughly a 50% chance of winning if they spent the same amount on raffle tickets as they would buying the actual car. This applies to the drawings that have a fixed number of tickets available...assuming all tickets sell.
If one likes lottery tickets, the odds of winning the raffle might be acceptable. It supports a good cause, but from a risk/reward perspective, it's not the best economic choice - especially once one considers there will be income taxes assessed on the prize.
If one likes lottery tickets, the odds of winning the raffle might be acceptable. It supports a good cause, but from a risk/reward perspective, it's not the best economic choice - especially once one considers there will be income taxes assessed on the prize.
NCCC is a 501-C3 organization and by law their tax returns must be made public. If they are not on a web site they must provide them within 30 days of someone requesting them. Took me almost a year to get them and a formal complaint to the IRS but I finally did get them.