Does not directly say "Participant does not have to be present to win."

Do you have to be present to win? Just wanted to be clear on that.

You do not have to be present to win any of the raffle prizes. If your ticket is pulled you will be contacted and arrangements made for you to receive your prize.

I just bought the winning ticket. :)

when is the last day to get tickets?

Tickets will be on sale until the time of drawing unless they sell out before hand.  Remember there are only 1,000 tickets available so once they are sold out they are gone. Get them while they last.

If all 1000 tickets are not sold, is the raffle off and do participants get a refund?

Jandmmustangs, Great question!  Blog has been edited.  Mail order ticket sales will end on 11/9/09, or when all 1000 tickets are sold, whichever comes first.  If all tickets are not sold by 11/9/09, tickets will be available at the 10th Anniversary Celebration on 11/14/09.

Sorry, Scott S's response was referring to the net's question about the last day to buy tickets.  

Jandmmustangs, the raffle will still take place, even if all tickets aren't sold!

It is asking me which method of shipping I want.  Do I just select free 10th anniversary shipping?

Kevin you are correct.  If you are buying raffle tickets or pre-registrations only, you will be able to select the 10th anniversary free shipping.  If there is anything else in your shopping cart then this option should not available.

Thanks!

Order placed.  Sure would be nice having a red 93 in the garage next to my teal one. :)

i live in pittsburgh PA if i will the car can it be shipped or do i have to pick the car up?

If the winner of the car does not wish to pick it up in person, then they can arrange to have it shipped to their desired location.

Here is a link to the official rules for the contest and raffle

www.latemodelrestoration.com/.../LRS-Raffle-Contest-Rules

If your name is drawn do you call and ask for information on what Mustang you own so the part you get will work on your car? And I'm reading that you can either take the '93 Cobra or $6500 cash... is the cash taxed as well? Is it a shopping spree on your web site?

Is the contest only open to people of the USA ?

Greg, the prizes given are not based on your vehicle.  The only option you have in winning is if you win the Cobra, you have the option to take the cash instead.  The cash is not taxed at the time it is received.  It would be up to you to claim it as income when you file your tax return.  Due to raffle laws, we do have to collect tax on the Cobra at the time of release, because of it's value.  See raffle rules for more on this.

Dave, see raffle rules.  Raffle is open to international customers, though the tax rate on the Cobra differs from residents.

Ok I already have my raffle ticket and possibly going to get another one... but so I am clear on this, say I won the KYB Shocks.. they will just be any set of shocks or will they fit a 2004 Mustang GT? Or even the Sumitomo Tires are they going to be the size that fit my car or just any size that you're raffling off? I'm not trying to be a pain by asking these questions just I would like to know if I'm wining something I could use.

Cool, thx Congrats on 10 big years

Greg, I see where your question is coming from.  The prizes that could be universal will be able to be tailored to your specific application, i.e the set of tires will be tires that you can use.  You won't be stuck with a set of mud terrain tires for your Mustang. That being said, there are also some prizes that are specific prizes. For example, if you win the Ford Racing motor, it is a 5.0 pushrod motor and would not be able to be substituted for a 4.6 Modular Motor.  Hope that clears things up if not let me know and I'll make sure and get your questions answered.  

if i would win the cober . i have to pay tax  right . how much is the cobra worth and how much taxs would that be?

So if won I would have to pay your state tax and mine?  The state i live in charges state tax at time of registration.

That definitely clears things up for me thank you very much... i hope i win SOMETHING lol

LRS Staff can confirm, but to answer Zicca (I think), the tax LRS would collect for winning the car is INCOME tax to the IRS.  Your state will charge SALES tax at the time of registration, and possibly INCOME tax as well, depending on your state tax laws.

DISCLAIMER: I am not a tax professional, just my understanding of the issue.  Consult a tax professional to get a 100% accurate answer.

Mike Knittel, you are correct.  The Income tax must be collected by us on the Cobra, at the time of it's release to the customer.  The income tax will run $2325.  Due to IRS gaming regulations, we have to collect and remit that on the winner's behalf.  It will be the winner's responsibility to pay sales tax and registration on the car in thier state when they get it there.  For raffle purposes, the fair market value of the car is stated at $9300.  $2325 is calculated as 25% of that value.  For international customers, that number is calculated at 30%.

I know, it sucks, but it's the way any law-abiding raffle works.  The government wants to make sure they "get thiers" on prizes of higher value.  It's normally in the fine print.  We've offered the cash prize in lieu of the Cobra for this reason.

All other prizes fall beneath the threshhold the IRS requires for us to collect income tax, so we will not be required to withhold taxes for any other prizes, that includes the $6500 cash prize, if chosen in lieu of the Cobra.  Winners will need to consult with thier tax professional to claim these prizes on thier own tax return.

I just pre-registered for the 10th Anniv. Event and bought some raffle tickets. I clicked on the free shipping which I did get.. but the check out system charged me state sales tax on them.  Why is Texas sales tax being charged since this is an event "i.e. service.. not a good/product" same for the raffle tickets?  I have never been charged taxes at an event registration or raffle and just curious....

DP:  The site has been corrected.  Raffle tickets and pre-registrations are tax exempt.  No sales of raffle tickets or pre-registrations have been charged tax.

Do you have a list of the prizes and how many of each (ie. sets of tires) ? jJust tryibg to figure thr odds.....

SS: Thanks, I noticed the correction on my invoice. Make sure you have my Cobra spit shined and the crate motor ready for me...  Infact you can go ahead and install the crate motor in the cobra for me so its ready to go when I win them. LOL...  See ya'll soon.

Got bought some tickets, and thinking about more... that engine would be nice in my 89 LX Convertible, and that Cobra would look great parked next to my LX.

Is there a complete list of prizes for the raffle yet that has been published?  Just wondering about "the list goes on and on...."

How about a live web feed/update during the drawing for those that cannot attend?

@Tim - Not sure about a live feed but I will be posting to Twitter all day about different goings on at the event. I will probably ask all of the other Twitter users to use the #lrs10th hashtag so that we can see what people think about the event.

We will probably post a few status updates with pictures/videos to Facebook, but less frequent than on Twitter.

We will also be taking tons of video which we will post to Flickr, YouTube and of course our blog.

What about a (more) complete list of prizes?  Sounds like there will be more than what is listed above.

Just thinking of posting raffle winners somewhere for those of us unable to make the event but who have bought tickets.  How long do we have to wait to find out if we won?

Thanks!

Yea a complete list of items to be raffled off would be great

We are making a list of all the prizes and it will be added to the Blog later this afternoon.  

Visit the link below for an official list of the prizes commited so far. Check back frequently for updated prizes!

www.mylrs.com/.../sponsors-amp-raffle-prizes-for-lrs-10th-anniversary-event.aspx

That red cobra would look great next to my 93 LX convertible!

So the remaining tickets are no longer available online and are only available at the race? How many are left? What time does the raffle booth open?

Chris you are correct.  We only have 150 tickets remaining and they will be sold at the event. Raffle booth will open and ticket sales will resume at 8:00 A.M. November 14, 2009 at the 10th Anniversary Celebration.

Crap I just found out about the raffle and all the non attending tickets are gone.  Oh welll too bad for me.

OOOOOhhhh men that cobra is bad i want to know were can i buy a ticket i woul love to have that mustang.....

@Bryant gonzalez - The only tickets left will be sold at the event tomorrow. Hope you can make it!