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Re: M3 raffle by BMW CCA; 1 in 2500 of winning (archive)
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Posted by Bruce on July 28, 2000 at 22:30:09:

In Reply to: M3 raffle by BMW CCA; 1 in 2500 of winning posted by more on July 28, 2000 at 21:51:03:

1 ticket costs $25.00 Do you think it's worth trying my luck. Would MSRP of M3 = $62,500? Don't know all the details, but I think CCA pays for the federal tax?? States that fed tax withheld by CCA.

YOU are responsible for ALL taxes if you win (last year on the M5s the bill was about 30k). Any money the CCA doesn't spend on the car goes into it's coffers. It is a money making event for the CCA. Last year they made nearly $200k.


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