2010 Camaro Raffle Info - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

rolnslo · 08-29-2008, 04:02 PM

For those that remember the red RS with sunroof thread, the information for the raffle that is being held in August 2009 has been posted online. I'm not affiliated in any way with the Lions Club or the raffle but thought I'd pass along the information since they were kind enough to post the entry form on their website when I asked them to.

Tickets are $100 each. Total of 700 will be sold. As of earlier this week, they had sold about 75 so there are still plenty available.

http://rochesterlionsclub.org/Fundra...ro_raffle.html

Only buy a ticket if you can afford it and don't mind donating $100 to their cause. Or buy a ticket so you can dream that you'll win the car and hopefully force yourself to wait until August to avoid dealer-markups when you go buy one because you didn't win the raffle.

BowtieGuy · 08-29-2008, 04:37 PM

If only it was an SS. Then I'd happily donate. Where I would find 100 bucks though I haven't the foggiest.

ZeeTwentyFour · 08-30-2008, 03:00 PM

so all it costs is the $100 for the ticket then possible taxes and registration fees?

rolnslo · 08-30-2008, 03:36 PM

Yes. Tickets are $100 each. If you win, you will be responsible for paying tax, title, and licensing for the vehicle. Keep in mind, like most prizes valued over $599, they will likely be required to submit a form to the IRS indicating the approximate retail value of the prize, which you will need to add to your income for the year and pay income taxes on. So, yes, you could win the car for $100 but you'll end up paying probably another 25% of the value of the car in income taxes, depending on your personal tax situation (consult a CPA).

For me, I usually just look at these raffles as part of my giving back to charities that pass along the money to other people in need. Each year, I find 2 raffles that sell a limited number of tickets for $100 each where the prize is a car. I've been doing it since I was 18 and will probably continue to do so until I die. Have I won yet? Nope, but that isn't the reason I participate. If I win, it's a bonus and I'd probably just take an equivalent amount of money as the prize and donate it back to the charity.

My other raffle I bought a ticket for this year is one hosted by a Rotary Club chapter near Seattle. They are giving away a restored 1957 Chevrolet Bel Air on Monday.

Mr Twisty · 08-30-2008, 08:59 PM

It'd make a nice trade-in on a SS. Bump

ZeeTwentyFour · 08-31-2008, 03:05 AM

Also, do we have any idea what exactly is up for raffle? is it just an LS or is it the red RS shown above?

rolnslo · 08-31-2008, 10:31 PM

Quote:

Originally Posted by ZeeTwentyFour

Also, do we have any idea what exactly is up for raffle? is it just an LS or is it the red RS shown above?

Good question. I'll shoot the guy an email when I get back to work on Tuesday and find out.

08-29-2008, 04:02 PM	#1
rolnslo Rolling along... Drives: 2011 2SS/RS SGM Join Date: Mar 2008 Location: Houston, TX Posts: 4,366 View My Garage	2010 Camaro Raffle Info For those that remember the red RS with sunroof thread, the information for the raffle that is being held in August 2009 has been posted online. I'm not affiliated in any way with the Lions Club or the raffle but thought I'd pass along the information since they were kind enough to post the entry form on their website when I asked them to. Tickets are $100 each. Total of 700 will be sold. As of earlier this week, they had sold about 75 so there are still plenty available. http://rochesterlionsclub.org/Fundra...ro_raffle.html Only buy a ticket if you can afford it and don't mind donating $100 to their cause. Or buy a ticket so you can dream that you'll win the car and hopefully force yourself to wait until August to avoid dealer-markups when you go buy one because you didn't win the raffle.

08-30-2008, 03:00 PM	#3
ZeeTwentyFour Does not have a Camaro Drives: 99 silverado Z71/66 Chevelle SS Join Date: Apr 2008 Location: Long Island, NY Posts: 469 View My Garage	so all it costs is the $100 for the ticket then possible taxes and registration fees? __________________

08-30-2008, 08:59 PM	#5
Mr Twisty Drives: the 2nd amendment home Join Date: May 2008 Location: OK Posts: 14,763	It'd make a nice trade-in on a SS. Bump __________________ "They that can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety." -- Benjamin Franklin lib·er·ty /ˈlibərdē/ noun 1. the state of being free within society from oppressive restrictions imposed by authority on one's way of life, behavior, or political views

08-31-2008, 03:05 AM	#6
ZeeTwentyFour Does not have a Camaro Drives: 99 silverado Z71/66 Chevelle SS Join Date: Apr 2008 Location: Long Island, NY Posts: 469 View My Garage	Also, do we have any idea what exactly is up for raffle? is it just an LS or is it the red RS shown above? __________________

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08-29-2008, 04:37 PM	#2
BowtieGuy Enlightened Drives: Nothing Currently Join Date: Jul 2008 Location: Oklahoma Posts: 1,285	If only it was an SS. Then I'd happily donate. Where I would find 100 bucks though I haven't the foggiest.

08-30-2008, 03:36 PM	#4
rolnslo Rolling along... Drives: 2011 2SS/RS SGM Join Date: Mar 2008 Location: Houston, TX Posts: 4,366 View My Garage	Yes. Tickets are $100 each. If you win, you will be responsible for paying tax, title, and licensing for the vehicle. Keep in mind, like most prizes valued over $599, they will likely be required to submit a form to the IRS indicating the approximate retail value of the prize, which you will need to add to your income for the year and pay income taxes on. So, yes, you could win the car for $100 but you'll end up paying probably another 25% of the value of the car in income taxes, depending on your personal tax situation (consult a CPA). For me, I usually just look at these raffles as part of my giving back to charities that pass along the money to other people in need. Each year, I find 2 raffles that sell a limited number of tickets for $100 each where the prize is a car. I've been doing it since I was 18 and will probably continue to do so until I die. Have I won yet? Nope, but that isn't the reason I participate. If I win, it's a bonus and I'd probably just take an equivalent amount of money as the prize and donate it back to the charity. My other raffle I bought a ticket for this year is one hosted by a Rotary Club chapter near Seattle. They are giving away a restored 1957 Chevrolet Bel Air on Monday.