18-year-old Faizan Mehdi is raffling off his uncle's Porsche Panamera Turbo just in time for the festive season — and tickets cost just £35 each.
Mehdi told Business Insider that his Uncle Hassan — his mum's brother — has owned the car for under three years, and bought it for £130,000.
It's been on the market for five months and hasn't sold, so Mehdi came up with an alternative way of earning some cash from it, inspired by a Chelsea estate agent who did the same with his Porsche Cayman in April.
The pair 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 sell all the tickets.
To enter the raffle you need to buy a ticket and answer three trivia questions correctly. Entrants must be 18 and over and UK-based.
Mehdi plans to draw the winning ticket on his Instagram live on New Year’s Eve, and will deliver the car to the winner himself, "because it's the season of gift giving I think the timing is very suitable," he said.
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