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| 02-24-2014, 11:55 AM | #1 |
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FIRE TOEZ!!!!!
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Rep 1,207
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Drives: Pending Order
Join Date: Jan 2009
Location: Honolulu, HI
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LADD Raffle is it legit?
I used to get these a few years back when I joined BMWCCA and I just recently recieved it in the mail for this years raffle.
Does anyone here know if this is legit? 1500 tickets with 22 additional $500 bonus drawings and a grand prize drawing at the end. Its hard to imagine how this is a fundraiser when there is more money going out then coming in. ANyone have any experience with this or know any additional details? http://www.laddinc.org/benefit-car-raffle
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SOLD 2009 E92 328i AW/BL
SOLD 2010 E93 335i AW/CR SOLD 2010 Audi S4 Pending- Something New and BMW |
| 02-24-2014, 04:01 PM | #2 |
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Major
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It is simple if they sell all 1500, they collect $150K the car is about half that in value is it not donated, usually a local dealer donate the car since it is a write off for them. They do make money as long as they sell all the tickets.
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Appreciate
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