Topic: Win a Presidential plane... - page 11. (Read 2111 times)
Wi ning a presidential plane do really makes a bug impact to one's lives, but I think one of the first thing people might do about is to to sell it somewhere in a huge price. If we are to think about it, we don't have any much fund, to fund the parking space for this plane and we're not totally use it in daily business. Unless, a president wins it or some busineas man that is capable of ensuring its maintenance and usage.
If my understanding is correct, there was an offer of $125M but got declined as the plane value was $130M. I can't see the logic why it was declined as the plane is having a difficulty to be sold at auction. Other planes and helicopters were successfully sold meaning this plane might have something that didn't catch the interest of the majority of auctioneers (except for the one who placed at $125M but still declined).
I don't see they will attract a good number of lottery ticket buyers here unless the prize will be convertible to cash which is not the case.
Even if I won it, where would I get the money to house it, maintain it, fly it, etc? I guess that I can always re-sell it :-)
Selling it again is the most choice of the potential winner unless he has a mansion that can park this plane or an acres of land.And the problem will be passed to you and how could you even sell it? probably at a lower price now or might have a 50%-90% discount to become easier to sell it to plane airlines company that would want to use it.
Lets do some math.
6M tickets x $25/ticket = $150M then thats already a 20M profit. Well thats how business works.
No one can stop you if you do sell out your assets/properties etc. No matter what the cause is.
Asking if i would buy a ticket? No. its better to save it up yet we do know on having out of 6M chances.
6M tickets x $25/ticket = $150M then thats already a 20M profit. Well thats how business works.
No one can stop you if you do sell out your assets/properties etc. No matter what the cause is.
Asking if i would buy a ticket? No. its better to save it up yet we do know on having out of 6M chances.
Even if I won it, where would I get the money to house it, maintain it, fly it, etc? I guess that I can always re-sell it :-)
Selling it again is the most choice of the potential winner unless he has a mansion that can park this plane or an acres of land.And the problem will be passed to you and how could you even sell it? probably at a lower price now or might have a 50%-90% discount to become easier to sell it to plane airlines company that would want to use it.
Even if I won it, where would I get the money to house it, maintain it, fly it, etc? I guess that I can always re-sell it :-)
That's the issue, if you won it, the gov will pay for the service for the first 2 years, after that you will have to think about how to deal with it. And if you want to re-sell you will not be able to do it under the evaluation, which means you will need to find someone who wants to buy it for $130 millions.
Perhaps some crazy rich billionaire would buy up say, $10 million tickets hoping to get lucky and take the airplane home. In that way, it will totally be a bargain and a steal, and could be sold for a lot cheaper even though the dude who won it through lottery is already in profit. The value of the plane would surely depreciate if that happens, and I don't think a lot will actually pay $25 for a slot since maintenance cost + a hangar isn't that easily accessible to everyone.
Putting up such luxurious items/assets as a prize on a lottery seem to be the norm these days since not everyone has the capacity to buy it in one go.
If the President himself is having a hard time selling it, how do you think would you fare in giving it a go?
Perhaps you can sell it for a couple million but then again, you still might be low-balled but hey.
Putting up such luxurious items/assets as a prize on a lottery seem to be the norm these days since not everyone has the capacity to buy it in one go.
Even if I won it, where would I get the money to house it, maintain it, fly it, etc? I guess that I can always re-sell it :-)
If the President himself is having a hard time selling it, how do you think would you fare in giving it a go?
Perhaps you can sell it for a couple million but then again, you still might be low-balled but hey. 
Even if I won it, where would I get the money to house it, maintain it, fly it, etc? I guess that I can always re-sell it :-)
This crazy idea is because the Mexican president wan to sell the plane to spend the money on other projects.
What do you think would you buy a ticket?
Sources:
https://robbreport.com/motors/aviation/mexico-may-raffle-off-presidential-plane-2893600/
https://www.theguardian.com/world/2020/jan/17/mexico-amlo-presidential-plane-raffle
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