StephenK

http://www.msnbc.msn.com/id/15624010/

v8plus4

It's no wonder it hasn't sold, it has the wrong engine in it...

NY C32

Its so sad that it's come to this...A raffle in order to move an SLR ou tof the showroom

ClayJ

Just another example of Greedy America, and of "It serves the greedy ba$tard$ right", to me.

So many of these morons demanded a premium of $100K to $500K(!) for the SLR sitting in their showrooms...that the SLR's sat in their showrooms....

What a coincidence!

LOL....

Now they HAVE to get rid of what's sitting on the showroom floor (from a year ago, or in some instances two years ago!) to get new production into the US. Oh well! Guess it sucks to be you -- and greedy, and stoopid! LOL.

v8plus4

Agreed. Also, I found it interesting that he claims the need to sell at least 4400 tickets at $100 apiece to "cover his initial investment in the car." I have a hard time believing that invoice on this car is $440k. He's probably got a lot of floorplan to recover.

In any event, the raffle is probably not a bad way to spread out a bit of tax deductible $$$ before the end of the tax year. Toys for Tots is a great cause, and an SLR is a great toy for grownups if you're the lucky 1/5000.

roccoriley

Once he has sold 4400 tickets the balance goes to charity.

That means that after he has sold his car for approximately $100,000 MORE than the going price on these cars, (which is more like $340,000or $350,000), the balance of the money will go to charity.

That's the spirit Hagel!

What a guy!

yeuchau

hummmmm

tee_tz

It is sad that it's come to this. I'm not sure about the math involved, however, perhaps you guys are mistaken as to exactly how much he paid for the car (just a thought). Anyway, the SLR is a tough sell, I think it has a little to do with the styling though. Exterior doesn't look as good as the Ferrari, Lamborghini and such, however performance wise it shapes up the the best.

It's sad to see the SLR go out of production (like the day the Concorde last flew ); however, I'm sure it'll be back; it just came at a time of a rough market.


Tee_Tz.

roccoriley

It doesn't really matter what he paid for the car. The market is around $340,000 and falling rapidly. His raffle provides him with a sale value of $440,000, or $100,000 more than the street value of a new SLR.

This is just a "creative" way to sell the car for $100,000 more than its real value. Some people might even call it a Scam because it is cloaked by a charatable contribution.

tee_tz

Not necessarily. You see, even with the declining prices you have to take account what you paid for the item. Which means, if the price today is $340K at Mercedes-Benz, and he paid $450K, it's a horrrrrrible loss to go down to $340 -- his best bet is to try and sell it for the high $300's. Mercedes (a corporation) can afford to take a "loss" of $100K, a single person cannot. Remember, sometimes in business you cannot match the best price -- you can't offer a product at the lowest price/market price -- you have to cover your costs, you cannot just 'dump' the product. I mean, there's a certain price it makes no financial sense to sell. Thus if the market price tomorrow becomes $200K, he's better off hanging on to the car -- I think he's just found a creative way of selling the car, kudos to him for that -- and kudos for even considering charity in the sale (even though it's not much).

So I'm not trying to say it's great what he's doing, but if he honestly paid $450K I know I wouldn't be contempt selling it for $100K less when the car is just 1 yrs. old.


Tee_Tz.

roccoriley

Thank you for that informative lesson in Automobile Marketing Economics. If you will explain your financial concepts to all the dealers with SLR's gathering dust on their salesfloors I am sure they will feel much better at pricing them $100,000 over the market price.

tee_tz

<lol> Oh boy... some people are just too funny.

Okay -- how's this: Yes, he's a scam, he's selling a $450K for wayyy too much money, that's horrible, he sucks....


Tee_Tz.

SL600 V12

News to me!!!!!