R Kings and other car raffles

unhappys10 wrote: »

As with any second hand car related business, I'm sure not everything goes through the books.
Buying cars for cash and getting rid of them within a day or 2, they definitely aren't declaring everything.

It's a licence to print money even with tax, they have close to no overheads.

Buy a car, stick it on website, broadcast a draw and meet winner.

Start tomorrow, you'll have your first million before Christmas.

Is Top Specs Motors ran by the lad that owned/owns Roskeen Motors?

mooseknunkle wrote: »

If someone is making that much money in Northern Ireland raffling cars it won't be long before certain groups will be looking for a cut if they aren't already,fair play to whoever is running it but it won't last forever.

They said in the comments for the Lamborghini that it was a private seller,be interesting to see if others will be offering their high end cars to them.

By certain groups you mean groups looking for protection money ??

How do ye keep an eye on the draws. I only dip in & out of FB & often miss them as they sell out quickly. Any way of getting notification.

T.

I've heard of winners down here in Cork in my extended motoring community too, in recent times.

I went onto their FB page and seeing very little activity lately. I wonder is it Covid related?

Kevwoody wrote: »

Scroll down past the first post, which is February advising against replica pages.

They have a live draw and multiple posts every single day!

VW Amorok, Samsung phone bundle, Dewalt tool draw,flying

Kevwoody wrote: »

Scroll down past the first post, which is February advising against replica pages.

They have a live draw and multiple posts every single day!

Maybe I'm struggling with the new FB format but I scrolled all the way down and the CRX SiR is the only one in the first dozen or so listings that isn't sold out.

I don't see a post later than the 6th of May.

Turn on notifications on Snapchat and everytime they post you’ll see it

sasta le wrote: »

Same owner anyway as Bawn Motors just checked director

Really?

https://beta.companieshouse.gov.uk/company/NI656489/officers

https://companycheck.co.uk/company/IE549866/STEPHEN-BAWN-MOTORS-LIMITED/companies-house-data

shaveAbullock wrote: »

Wrong link...?

Ah I'm half asleep. I thought Sasta was talking about RKings

It's a pity or a ploy that R Kings don't but the year on a lot of the newer stuff. Always like to do a VRT check on what's being raffled. Only interested in the older stuff really. Ran a VRT check on a car that had the year on it & the bill came in at 15K. Couldn't afford that even if I got the car for £25.

Liked & entered the draw for the 2 x RS2000s that they raffled

My tuppence worth,

T.

Had a look at the R kings website.

Soo its basically an auction website ..

for example

Husqvarna 701 2018 ...they are selling 695 tickets @£;12.50 per ticket ....soo they are looking for £8685 ..... the open market value of that is about £6000, (they are probably buying it for maybe a bit less) and if necessary I guess they cancel/postpone the raffle until they have cleared the buying price plus a certain % profit.

nice little business.

Just a few side notes.


- Its a sucker business, in other words, put a prize up in lights (ie. like the lottery) and the pleople who are practically broke will invest whatever little cash they have... regardless of the hopeless odds of winning. I remember when I was broke stuck in a dead-end job years ago ...I was a serious lottery player ..(with my own sure-fire-win schemes and all!!!) I then got a better job and suddenly could afford everything I wanted, I never played the lottery again.


- a related point to this then would be ..... most of the winners must be these dreamers who would have no chance of owning those wheels otherwise ....(highly likely they won't even have the readies to pay the VRT, road tax, insurance, repairs etc.) soo .... there must be a nice side-line market in buying up these prizes on the cheap?.


20yro Johnny on €200/week Jobseekers has no business with a €50k sports car....and could easily be persuaded to part with it for half that.


I know in the T&C's they explain that there is no cash eqivalent prize ... but I wonder do R Kings (or an associated company) make some sort of derogatory cash offer to buy back the prize after the draw ... ??

For instance an identical Husqvarna 701 was won by somebody else on their winners page ...fairly recently .... (what a coincidence...two rare seemingly identical motorcycles on the same raffle website)