NCM Raffle for C8

[DWG]

I don't look at the raffles the museum offers very often, but I'm wondering if the "Build Your Own Next Generation Corvette" raffle reveals something about the pricing of the C8. If the winner chooses to take cash instead of the car (sacrilege, I know!) they receive $55,000.

Does anyone know how the cash offer usually compares to the vehicle's actual price?

[John]

Good question, but my guess is that later NCM will update that with the actual MSRP of the vehicle. For those who missed pre-info, GM first announced this “win VIN # 25” raffle at their official GM Bash C8 Presentation on April 25th:

https://www.midenginecorvetteforum.c...8-news-from-gm

A note please on NCM raffles for those not living in Kentucky or in the few, but ever growing list of states in which you could purchase a ticket online , i..e, of one goes to the NCM raffle site, you can down load the raffle form, fill it out the old fashioned pen/pencil way, mail it to NCM with a check, and get your raffle ticket that way.

https://raffle.corvettemuseum.org/Ra...tOrderForm.cfm


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[Mobius]

Here's one data point: https://msdreamcarlottery.com.au/sold-out

The cash option equals the vehicle's value...

[John]

We went all the way to an entry price of $169,000 confirmed. Which we all knew was ridiculous information. I can confirm that $55,000 as it MSRP price is equally not accurate (understatement), nor is $55,001, etc.

Think somewhere in the $60K range. Hopefully 76 days from now, we learn its exact amount.

[DWG]

We went all the way to an entry price of $169,000 confirmed. Which we all knew was ridiculous information. I can confirm that $55,000 as it MSRP price is equally not accurate (understatement), nor is $55,001, etc.

Think somewhere in the $60K range. Hopefully 76 days from now, we learn its exact amount.

I agree that $55K is not the MSRP, but the cash offer shows that the price is not as high as some have predicted. On the raffle FAQ it states: The value is determined by what the NCM actually pays for the car. This is generally closer to invoice price rather than MSRP.

I think the estimates we've seen in the mid to high 60's are probably correct.

[meyerweb]

But how much extra will the convertible cost?!?! Inquiring minds need to know!

[73shark]

But how much extra will the convertible cost?!?! Inquiring minds need to know!

IIRC, recent generations have offered the convertible option at around $5K.

[meyerweb]

IIRC, recent generations have offered the convertible option at around $5K.

Yeah, but I suspect the hardtop 'verr might be a good bit more.

[TNBlueVette]

Yeah, but I suspect the hardtop 'verr might be a good bit more.

If anyone was going to take a hypothetical guess what would you think it cost with a ballpark guesstimate?

[John]

We did a forum poll many months ago, and the average guess for our ME was around $6,750. Not cheap for sure, but far less than some of the Euro exotics which go up to a $27,000 hit. However, what many Euro Spyder versions do is to also add in thousand of trim upgrades “for free” (LOL) for their theirs.

[Ripper]

I think the raffle thing is a neat way to raise money. I've seen many and been part of them all, Still haven't won , but the proceeds usually go to a good cause.

I've noticed the cash out is usually 30-40% less than the vehicles MSRP, I'm sure it's a tax thing? See below payout for the upcoming raffle at auburn cord museum for reference.

The Auburn Cord Duesenberg Automobile Museum is drawing on August 29 or when 1,500 tickets are sold for a chance to win a 2019 Corvette Stingray Coupe AND$10,000 cash, or $30,000 cash

at a 30% margin the 55K cash out would equal $78,571.43 MSRP

[Ripper]

just thought of something else, I assume they work on margins vs percentages for MSRP. But for tax purposes they may run straight percentages since gross profit is not a factor?

[meyerweb]

If anyone was going to take a hypothetical guess what would you think it cost with a ballpark guesstimate?

If you mean for the 'vert, my guess is somewhere in the neighborhood of $7,500 to $10K above the coupe. But that's nothing but a total guess, and I hope it's cheaper.

We did a forum poll many months ago, and the average guess for our ME was around $6,750.

While that figure would be sweet, I think you dropped a digit somewhere.