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R Kings and other car raffles

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Comments

  • #542
    shaveAbullock
    Closed Accounts Posts: 965 ✭✭✭shaveAbullock


    Esteban Massive Tick wrote: »
    No mention of a cash alternative avilable.
    Besides you can imagine the clientele that might show up to 'test drive' your 700 horses, or a souped-up scooby.

    There's been report on this thread about cash alternative available at the trade value of the car. I can't remember what page the posts are on.
    They don't run that can in a raffle because it would be bad for business and they can easily get trade value for it so they get the prize money back.


  • #543
    4068ac1elhodqr
    Closed Accounts Posts: 9,586 ✭✭✭4068ac1elhodqr


    Must have missed it in the T&C's (cash alternative). It would need to be there in black and white.

    Certainly do the PR photshoot for them, then ask for the wheels to be liquidated right after the camera's click.
    Often there can be an advantge on book values between say eng, scot, ni due to slight regional variations and contextual factors, so could well be above market value.


  • #544
    Gumbo
    Moderators, Society & Culture Moderators Posts: 42,382 Mod ✭✭✭✭Gumbo


    Esteban Massive Tick wrote: »
    What's the insurance gonna be like on an Audi that has 700 odd horses raging under the bonnet?

    Most of the photos show young lads in tracksuits, so could assume it will be destined to either be raked around a field (diy rack), industrial estate in the small hours, ebayed, or else dumbed down to look like a plan A6 for stealth insurance for the afternoon commutes.

    Not necessarily. I haven’t put my “work” clothes on since 13th March.
    If you seen me mid week during this C19 lock down you’d think I was one of the so called people you attempt to describe.

    I certainly wouldn’t be getting dressed up to collect a car.


  • #545
    Gumbo
    Moderators, Society & Culture Moderators Posts: 42,382 Mod ✭✭✭✭Gumbo


    Esteban Massive Tick wrote: »
    No mention of a cash alternative avilable.
    Besides you can imagine the clientele that might show up to 'test drive' your 700 horses, or a souped-up scooby.

    Might get a genuine petrol head of sensible years, but might'nt be an easy sell-off regardless on a novelty hard to insure item.
    Trade would take it with no issues, but at a funny price.

    A rough calculation shows the big ticket items produce about 120-135% potential book value (assumes full sale),
    Not really any worse than any other lotto in fairness.

    When you win you either take the car or the cash alternative. Completely up to the winner.

    The cash alternative is what the company can sell it back into the trade for.


  • #546
    PrettyBoy
    Registered Users, Registered Users 2 Posts: 4,213 ✭✭✭PrettyBoy


    Esteban Massive Tick wrote: »
    Must have missed it in the T&C's (cash alternative). It would need to be there in black and white.

    Are you having trouble believing that they offer a cash alternative?


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  • #547
    shaveAbullock
    Closed Accounts Posts: 965 ✭✭✭shaveAbullock


    PrettyBoy wrote: »
    Are you having trouble believing that they offer a cash alternative?

    I wouldn't doubt it, it makes sense. But it's possibly it could have an impact on the legality of the raffles.


  • #548
    Duke O Smiley
    Registered Users, Registered Users 2 Posts: 12,086 ✭✭✭✭Duke O Smiley


    shaveAbullock wrote: »
    I wouldn't doubt it, it makes sense. But it's possibly it could have an impact on the legality of the raffles.

    No, no impact on the legality of anything

    As I understand it the offer is made by a third party (a dealer) who has nothing to do R Kings. No different to someone flagging you down on the side of the road and offering to buy your car

    But pretty much everything that has been said on here is hearsay. I have no direct experience of the process, nor does anyone else here, we don’t know and it would be silly and a bit petty to jump to conclusions


  • #549
    4068ac1elhodqr
    Closed Accounts Posts: 9,586 ✭✭✭4068ac1elhodqr


    PrettyBoy wrote: »
    Are you having trouble believing that they offer a cash alternative?
    Are you having trouble believing there might not be?
    6.5 There is no cash alternative for the prize, and the prize is not negotiable.

    Now, if it involves a 3rd party, that's a seperate matter entirely.

    There is also no indication (by way of 3rd party) that 'book value' would be used to compile such a figure. Everything not as a T&C, would thus be based on speculation, word of mouth, non-formal, gentlemanly agreements, and so on.

    In light od COVID, some of ye olde car sales forecourts, might be better used just for basketball practice, and hopscotch for some months to come.


  • #550
    brimeh
    Registered Users, Registered Users 2 Posts: 57 ✭✭brimeh


    Esteban Massive Tick wrote: »
    Are you having trouble believing there might not be?



    Now, if it involves a 3rd party, that's a seperate matter entirely.

    There is also no indication (by way of 3rd party) that 'book value' would be used to compile such a figure. Everything not as a T&C, would thus be based on speculation, word of mouth, non-formal, gentlemanly agreements, and so on.

    In light od COVID, some of ye olde car sales forecourts, might be better used just for basketball practice, and hopscotch for some months to come.

    Definitely involves a 3rd party. They've posted about it before as well, one in particular was the guy who won 2 cars on the same day and they said they arranged a cash alternative for one or both cars.

    So while it isn't something they 'offer' it is something they can help arrange for sure. Said guy above was also pictured with the cars before they were sold off.


  • #551
    [Deleted User]
    Posts: 7,497 ✭✭✭ [Deleted User]


    Esteban Massive Tick wrote: »
    ebayed, or else dumbed down to look like a plan A6 for stealth insurance for the afternoon commutes.

    Please tell us how to dumb down a car for cheap insurance :confused:


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  • #552
    shaveAbullock
    Closed Accounts Posts: 965 ✭✭✭shaveAbullock


    BrownFinger wrote: »
    Please tell us how to dumb down a car for cheap insurance :confused:

    I think he's talking about insurance fraud.


  • #553
    Mc Love
    Registered Users, Registered Users 2 Posts: 14,015 ✭✭✭✭Mc Love


    slow day for them today - only one competition up.


  • #554
    begbysback
    Closed Accounts Posts: 2,910 ✭✭✭begbysback


    I’m in for the RS6, absolute beauty of a car


  • #555
    Mc Love
    Registered Users, Registered Users 2 Posts: 14,015 ✭✭✭✭Mc Love


    Best of luck


  • #556
    punisher5112
    Registered Users, Registered Users 2 Posts: 24,633 ✭✭✭✭punisher5112


    begbysback wrote: »
    I’m in for the RS6, absolute beauty of a car

    I'd love to get it, drive for a month and sell.....

    Well saying that my licence would most likely be gone after one day.....


  • #557
    begbysback
    Closed Accounts Posts: 2,910 ✭✭✭begbysback


    Mc Love wrote: »
    Best of luck

    Have gone in for a few, C63 a while back would have been my preference, a little more subtle than an RS6. 2k people in the draw if I’m not mistaken so chances are low, I did throw 10 in for one of the bundles too and I don’t watch the draws so if i get a call from a Newry number then it’s 50/50 for a 1k prize or 50k prize!!

    Like other poster said here, I would drive it for a few weeks then sell.


  • #558
    Gumbo
    Moderators, Society & Culture Moderators Posts: 42,382 Mod ✭✭✭✭Gumbo


    Esteban Massive Tick wrote: »
    Are you having trouble believing there might not be?



    Now, if it involves a 3rd party, that's a seperate matter entirely.

    There is also no indication (by way of 3rd party) that 'book value' would be used to compile such a figure. Everything not as a T&C, would thus be based on speculation, word of mouth, non-formal, gentlemanly agreements, and so on.

    In light od COVID, some of ye olde car sales forecourts, might be better used just for basketball practice, and hopscotch for some months to come.

    Elite 100% offer the cash alternative and have posted about it on their FB pages.

    This is a life changing prize and whether the winner takes the cash or the car its undoubtedly worth £5.99


  • #559
    TigerTim
    Registered Users, Registered Users 2 Posts: 1,270 ✭✭✭TigerTim


    Hadn't seen Elite competitions before. The seem to operate on low entry fee with many more entries. Not a bad idea as its easier to drop 2.55 or 5.99 on it.

    T.


  • #560
    Mc Love
    Registered Users, Registered Users 2 Posts: 14,015 ✭✭✭✭Mc Love


    They seem to have way better prizes too


  • #561
    Gumbo
    Moderators, Society & Culture Moderators Posts: 42,382 Mod ✭✭✭✭Gumbo


    Mc Love wrote: »
    They seem to have way better prizes too

    It’s hit and miss.
    Some weeks RKings have better, others elite have better.

    They are the only 2 companies I’d enter in my
    Opinion.


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  • #562
    Duke O Smiley
    Registered Users, Registered Users 2 Posts: 12,086 ✭✭✭✭Duke O Smiley


    190 cosworth up on r kings now.


  • #563
    Dr Turk Turkelton
    Registered Users, Registered Users 2 Posts: 3,044 ✭✭✭Dr Turk Turkelton


    Duke O Smiley wrote: »
    190 cosworth up on r kings now.

    Well fcuk you Duke!
    I bought 3 tickets last week for the best twin cam going on Bears competitions last week promising myself it was my last entry but I just had to buy one ticket for this.
    You can have a spin in it if I win though.


  • #564
    ofcork
    Registered Users, Registered Users 2 Posts: 5,491 ✭✭✭ofcork


    Another crowd have a 08 Audi S8 up savage motor.


  • #565
    Mc Love
    Registered Users, Registered Users 2 Posts: 14,015 ✭✭✭✭Mc Love


    That 5 series is too nice.


  • #566
    4068ac1elhodqr
    Closed Accounts Posts: 9,586 ✭✭✭4068ac1elhodqr


    Also hadn't heard of Elite until the other day (this thread title is for 'RKings car raffles' afterall).

    As well as the cash alternative upfront (70% ticket sale value), they indicated of having been given some BBCDragonsDen airtime
    i.e. Profit driven with good investment potential for such dragons.

    They'll also only run it when tickets sell out (7 day draw increase unti it does).
    Sounds like a nice earner for the operators, no-risk 30% or so per draw.

    It's a lottery, but not a lottery (like the buttery butter that was hard to believe it wasn't butter).


  • #567
    Duke O Smiley
    Registered Users, Registered Users 2 Posts: 12,086 ✭✭✭✭Duke O Smiley


    Dr Turk Turkelton wrote: »
    Well fcuk you Duke!
    I bought 3 tickets last week for the best twin cam going on Bears competitions last week promising myself it was my last entry but I just had to buy one ticket for this.
    You can have a spin in it if I win though.

    Fingers crossed, sold out just in time for a draw tomorrow


  • #568
    Gumbo
    Moderators, Society & Culture Moderators Posts: 42,382 Mod ✭✭✭✭Gumbo


    Esteban Massive Tick wrote: »
    Also hadn't heard of Elite until the other day (this thread title is for 'RKings car raffles' afterall).

    As well as the cash alternative upfront (70% ticket sale value), they indicated of having been given some BBCDragonsDen airtime
    i.e. Profit driven with good investment potential for such dragons.

    They'll also only run it when tickets sell out (7 day draw increase unti it does).
    Sounds like a nice earner for the operators, no-risk 30% or so per draw.

    It's a lottery, but not a lottery (like the buttery butter that was hard to believe it wasn't butter).

    I can only assume the 30% goes towards overheads, taxes and costs of keeping the business going.

    The same way my painter friend build a small % into his pricing to replace his brushes. You don’t change them after every job, but you have to price to change them regularly.

    So I assume it’s like any other business out there. Profits = income - costs. Same way your local butcher works, same way the internet provider you’re using to post on this website also works.


  • #569
    ILikeBoats
    Registered Users, Registered Users 2 Posts: 2,854 ✭✭✭ILikeBoats


    begbysback wrote: »
    I’m in for the RS6, absolute beauty of a car

    Bought in there.

    Only €46k VRT :D


  • #570
    punisher5112
    Registered Users, Registered Users 2 Posts: 24,633 ✭✭✭✭punisher5112


    ILikeBoats wrote: »
    Bought in there.

    Only €46k VRT :D

    That all.... Ah sure I was worried it would be crazy money.....


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  • #571
    Mc Love
    Registered Users, Registered Users 2 Posts: 14,015 ✭✭✭✭Mc Love


    ILikeBoats wrote: »
    Bought in there.

    Only €46k VRT :D

    That must be one of the highest I've seen


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