Raffling MK1 GTI

Due to losing my job and not being able to get a similar role and salary and I’m having to let my beloved MK1 go, but, I do not want to sell it the conventional way and am thinking about raffling it.  Please reply with your thoughts as to if you would buy a ticket for £10 to win the car.  The car is absolute mint, I brought it for £12k 2 years ago and immediately gave it to a local business who prep classic cars for long distance rallies, I spent £15k with them, all the work was mechanical, the car drives and looks amazing and must be one of the best available.

Gutted for you. 
I would but a ticket but can't find enough to buy tickets is the question. 

You need to be careful of the law also. Needs to be correctly overseen etc as it is classed a gambling over certain amount and what happens if not all tickets sold etc. 

Good luck 

Think you run into problems with the gambling commision when the prize is greater than £200,000 (like a house)

However you can still come unstuck with not selling enough tickets, you need to sell a lot and will have to have deadline that may be a long time in the future, how soon do you want the £?

The other problem being that many people are, or will soon be, in the same boat as you and don't have £ to splash about on a 1000-1 chance.

The effort involved would be, at a guess, 100x sticking it on ebay or other online sales/auction sites.

Looks a nice car, try your luck selling it normally 1st?

You can raffle it if you ask a question in order to qualify with no issues from the gambling commission. 

Just reading your post and the number plate is very familiar, my mate owned that car in 92, lived in Peterborough, bought it from Leicester. He had problems when buying it as the mileage was clocked, we found out when we visited the local vw dealer that used to service the car they printed the full history out had an extra 100k more than it should.

The work that you have done on the car is fantastic, I would definitely buy a ticket.

If its legitament I woul;d buy a ticket. How would you draw the winner?

Backinblack said

Gutted for you. 
I would but a ticket but can't find enough to buy tickets is the question. 

You need to be careful of the law also. Needs to be correctly overseen etc as it is classed a gambling over certain amount and what happens if not all tickets sold etc. 

Good luck 

I have looked into this and using Raffall.com appears to be legal, and , if not enough tickets are sold the drawn winner gets 75% of the tickets sales if I choose not to give the winner the car due to not enough value in the sales

Daytona said

If its legitament I woul;d buy a ticket. How would you draw the winner?

All drawn digitally on Raffael.com

Carl Jones said

Just reading your post and the number plate is very familiar, my mate owned that car in 92, lived in Peterborough, bought it from Leicester. He had problems when buying it as the mileage was clocked, we found out when we visited the local vw dealer that used to service the car they printed the full history out had an extra 100k more than it should.

Many thanks for the history, not surprised TBH, surprisingly all the work I have done I haven't got the speedo working, it's stuck on 160k.  Not sure it matters a lot though, the cars done a lot of miles simple as that

Guys, any idea on what value my GTI would be?

If you are raffling it the it should not matter. It’s about how many tickets you can sell.

I would guess about 15k maybe 20k for a summer sale - this time of year maybe 10-12k as no one really looks in the winter.

But really only worth what someone will pay for it. For me £10 on a ticket is a fair punt


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Now on a well know car auction website. 'The market'