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Author Topic: Win a Presidential plane...  (Read 1805 times)
seoincorporation
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January 21, 2020, 09:17:25 PM
 #1

Mexico could raffle his presidential plane, the idea is to sell 6M tickets of $25 dollars each one, and the winner gets a presidential plane evaluated in $130 million.

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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January 21, 2020, 09:24:28 PM
 #2

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 :-)

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January 21, 2020, 09:35:05 PM
 #3

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.

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? Roll Eyes Perhaps you can sell it for a couple million but then again, you still might be low-balled but hey.

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January 21, 2020, 09:36:19 PM
 #4

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.

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January 21, 2020, 09:58:23 PM
 #5

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.


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January 21, 2020, 10:13:42 PM
 #6

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.

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January 21, 2020, 11:50:25 PM
 #7

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.
That's the best thing to do if you want to get rid of it instead of facing the problem. With only $25, not bad to give such discount, you still made a profit, if you will think it's kinda small but still a profit is a profit, considering the amount you used to get it. But if i'm living in their area, I won't take the chance. 6M tickets? you have a very low chance of winning it plus you will have a hard time finding a buyer even if you give a big discount. I doubt rich people will be interested because even the president is getting rid of it.
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January 22, 2020, 12:13:37 AM
 #8


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.

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January 22, 2020, 12:32:26 AM
 #9

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.

 
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January 22, 2020, 12:32:57 AM
 #10

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.

After 2 years, we must pay for the services. That will not for people who don't have much money. It is hard to sell the plane without knowing someone who has a lot of money. The plane is not like a car, a motorcycle which can easy to find the buyer.

If I lived in that country, I would not buy the tickets, and I will use the money for another thing or save in my bank account. But I wonder who will buy the tickets to win the plane? How many of them have a big hope to win the plane? But it's interesting to know the next update with that lottery.

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January 22, 2020, 01:17:28 AM
 #11

I think Mexican President Andres' idea of ​​selling the plane by selling tickets would be profitable, Angry  And the winner of the raffle draw can sell the plane at an attractive price any businessman can have the opportunity to make big profits.

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January 22, 2020, 01:53:21 AM
 #12

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 :-)
same problem here and aside from Housing for the plane the maintenance also the problem and where do we go using that?when we have no money to buy for High Octane?

i think only rich people will deserve to Win that or maybe you are right that reselling is the best option if the winner is normal or we can say can't afford people,25$  is affordable each person can buy 1 or 2 but the long process if we won is another question top answer.

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January 22, 2020, 02:33:15 AM
 #13

I would only buy a ticket if I could use my BITCOIN or ETHEREUM.
Really though I think this is only for public stunt and he can sell this plane without raffle ticketing.

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January 22, 2020, 02:36:02 AM
 #14

The calculate showing indeed this is profitable but i think it's not so simple such as that because for other countries presidential plane usually classified especially the technology behind it and i wonder why Mexico taking the risk with sell this plane to the public and what if the winner of the lottery is bad guys and he will use this plane to criminal acts and learn the technology inside this plane

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January 22, 2020, 03:00:50 AM
 #15

I think Mexican President Andres' idea of ​​selling the plane by selling tickets would be profitable, Angry  And the winner of the raffle draw can sell the plane at an attractive price any businessman can have the opportunity to make big profits.

The problem is that Andres already tries to sell it to a businessman, even to other countries' presidents, but no one wants to buy it. He tries it to change it for ambulances and hospital equipment with USA, but trump don't like at all the deal. So if it's hard for a president to sell it, how hard it could be to do it for a simple mortal like us :p

The fun part of this is, if he does really make the raffle then the Mexicans will pay 2 times for the plane, one with taxes and the second with a raffle.

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January 22, 2020, 03:28:52 AM
 #16

I think Mexican President Andres' idea of ​​selling the plane by selling tickets would be profitable, Angry  And the winner of the raffle draw can sell the plane at an attractive price any businessman can have the opportunity to make big profits.

The problem is that Andres already tries to sell it to a businessman, even to other countries' presidents, but no one wants to buy it. He tries it to change it for ambulances and hospital equipment with USA, but trump don't like at all the deal. So if it's hard for a president to sell it, how hard it could be to do it for a simple mortal like us :p
and that is more likely a desperate move from Mexican president that he did His best to sell the Plane yet no one is interested and you are also right how can simple people find seller in profitable price when the President it self did not made it happen?for sure the prospective buyer will offer more lower than the assessment value.
The fun part of this is, if he does really make the raffle then the Mexicans will pay 2 times for the plane, one with taxes and the second with a raffle.
i think President Andres only trying to give exaggerated volume of ticket so Buyers may understand the amount Government is targeting but maybe they will consider starting the raffle even not achieving that 6 million ticket sold.

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January 22, 2020, 03:49:21 AM
 #17

They might have a profit of 20M from it, so great.

Though, the problem here is price of the ticket. It costs $25 which is in Mexican peso is equivalent to 500. There might be some people who would spend a lot of money for that but I don't think that those 6M tickets will be sold out. Maybe 3 million can be sold, I don't know still, that is a huge risk. I think if that would be raffled here, people will just line up yelling YOLO, that is a presidential plane.

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January 22, 2020, 04:01:12 AM
 #18

this is how simple Mexican president is,he may want to use ordinary plane when traveling than using own Plane for the benefits of His countrymen .

imagine while almost all of the president in the world wanted to have own plane but this one wanted to sell his?salute for you .



but about the raffle?i think low class people will have second thoughts of buying raffle ticket because how can they afford to maintain that kind of luxurious thing if they gonna win.

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January 22, 2020, 04:02:48 AM
 #19

Mexico could raffle his presidential plane, the idea is to sell 6M tickets of $25 dollars each one, and the winner gets a presidential plane evaluated in $130 million.

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

Silly idea to be honest.

The first thing that will happen to this plane if won is to be resold. I am quite certain this is the path the winner will choose.

 
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January 22, 2020, 04:52:29 AM
 #20

Silly idea to be honest.

The first thing that will happen to this plane if won is to be resold. I am quite certain this is the path the winner will choose.

I don't think it is that silly, to be honest.

People would think that their president is selling one of his luxurious priveledges for the development of their country, that would be great, isn't it? Also, if the lottery tickets are also sold out, that would give them a profit of 20M. Resold? obviously, you will get a presidential plane for $25 which real price is at $130M, it might get sold at a maximum 50M to 100M, huge profit.

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