Home / MARKETS / This 18-year-old is raffling off his uncle’s £130,000 Porsche Panamera Turbo for £35 a ticket

This 18-year-old is raffling off his uncle’s £130,000 Porsche Panamera Turbo for £35 a ticket

  • Faizan Mehdi is hold off a raffle to auction off his uncle’s Porsche Panamera Turbo and tickets payment £35 each.
  • His uncle bought the car, which is less than three years old, for £130,000.
  • Mehdi formulae to draw the winner during an Instagram Live on New Year’s Eve.

18-year-old Faizan Mehdi is raffling off his uncle’s Porsche Panamera Turbo objective in time for the festive season – and tickets cost just £35 each.

Mehdi blow the whistle oned Business Insider that his Uncle Hassan – his mum’s brother – has owned the car for underneath three years, and bought it for £130,000.

It’s been on the market for five months and hasn’t sales-clerked, so Mehdi came up with an alternative way of earning some cash from it, boosted by a Chelsea estate agent who did the same with his Porsche Cayman in April.

The couple agreed to raffle the car online and are aiming to sell 3,000 tickets at £35 each, splitting the profits between them. That’s £105,000, or £52,500 each if split equally, assuming they shop all the tickets.

To enter the raffle you need to buy a ticket and answer three trivia impossibles correctly. Entrants must be 18 and over and UK-based.

Mehdi schemes to draw the winning ticket on his Instagram live on New Year’s Eve, and will give the car to the winner himself, “because it’s the season of gift giving I think the timing is extremely suitable,” he said.

It’s easy to see why it’s worth the effort for Mehdi…

?? #Homeland

A task shared by Faizan Mehdi (@frizz_14) on

…who unquestionably like fast cars, according to his Instagram.

In the bumblebee ? out to get that honey ? #TakingMyPracticalTest #WishMeLuck #ParallelParkingGonnaBeDifficultInThis #LearnerOnTheRoad #DontAskAboutInsurance

A tack shared by Faizan Mehdi (@frizz_14) on

If the quite 3,000 tickets are not sold in time for New Year’s Eve, the pair will stay off on selecting a winner until they reach their target. If ticket on sales are much lower than their goal – if, for example, just 1,000 are vended – two winners will be chosen to receive 20% of the profits made from the sweeps each, while the uncle and son duo will still make some notes for their efforts.

“The main target is to give away the car,” Mehdi ascertained Business Insider. “It’s in the circumstance where tickets sales are too low by Christmas that we whim choose to do the cash option.”

This is Hassan’s 64 plate interdict Porsche Panamera Turbo. Similar models are available starting from there £115,000, according to the Porsche website.

Foto: source Faizan Mehdi

Mehdi broke that the registration plate is blurred because there is a personal, sneakingly plate currently on the car.


Foto: source Faizan Mehdi

The MOT – or test to forge sure the car is safe for the road – is due in January 2018, according to the listing, and the car has 20,000 miles on it.


Foto: begetter Faizan Mehdi

It has 542bhp (horsepower) and is less than three years old.


Foto: authority Faizan Mehdi

And, if you’re lucky, it could be yours for just £35.

Steering Wheel

Foto: author Faizan Mehdi

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