• Feb 13, 2013
The best deal ever on a $100,000 Fisker Karma? Just $500! Well, almost. The trick is that what we have here is the chance to buy a raffle ticket for $500 and then play the odds.

Captain Planet Foundation is offering a two-year lease on a Karma, and only 200 will be sold altogether (150 remain). Raffle sales end on tax day – April 15, 2013. The raffle tickets go to the foundation's Small Grants Program which provides "gap funding" for education programs aimed at empowering youth to become environmental stewards and global environmental change-makers.

The foundation was started in 1991 by cable TV tycoon Ted Turner and executive producer Barbara Pyle. The name comes from an animated TV show that Turner and Pyle started the previous year, "Captain Planet and the Planeteers." The Captain Planet Foundation has funded over 1,500 projects, including waste recycling, outdoor classrooms, organic gardens, native habitats and fruit orchards.

The foundation says that the Karma up for lease would retail for $120,000, and that the two-year lease offered by outlet Fisker Atlanta is a $50,000 value. The base price of the Fisker Karma is closer to $102,000.


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    • 1 Second Ago
  • 21 Comments
      dreadcthulhu01
      • 1 Year Ago
      So in order to raise a $100k, they have to give away a $50k lease & whatever money they spend promoting the deal? Doesn't seem like the most cost effective way to raise money, but I admit ignorance on how these things are usually done. I know that if you win a car outright in a raffle like this you have to pay income taxes on the value of the car; does anyone know how that works with a leased car? And I know that normally the leasing company gets to keep the $7500 tax credit (which is why the Leaf & Volt have such good lease deals) - does anyone know how that works when you win a lease?
        Actionable Mango
        • 1 Year Ago
        @dreadcthulhu01
        Winnings are income taxable based on the value. The value would be the cost of the lease payments that you aren't making. If the two year lease is worth $50k, you'd add $25k to your income for 2013 and again for 2014. If you paid 15% income tax, just to pick a number, that would be $3750/yr or $312/month for your "free" lease.
          Marcopolo
          • 1 Year Ago
          @Actionable Mango
          @ Actionable Mango "Winnings are income taxable based on the value" Not necessarily, since the actual lease payments were donated as a charitable deduction and no title vested, so the benefit is really just the loan or use of something. If the 'lease' is non transferable, the winner may be able to make a case that no assessable benefit has been bestowed. (worth exploring :) P/s I'm lucky to live in a country where winnings are non taxable.
        SublimeKnight
        • 1 Year Ago
        @dreadcthulhu01
        Likely the lease is a donation in exchange for the free publicity. Paying taxes on a lease you win is an interesting question. From a tax perspective, when you lease you're paying only for depreciation (which isn't taxable) so I'd guess you wouldn't have to pay tax on it.
      MTN RANGER
      • 1 Year Ago
      Still, a one in 200 chance is pretty good odds compared to most raffles/lotteries/gambling.
      EZEE
      • 1 Year Ago
      My kingdom for an editor at ABG. Not going to even point it out, because if I did, they would never learn....
      paulwesterberg
      • 1 Year Ago
      I would buy a ticket for a Model S.
      Doug
      • 1 Year Ago
      "Let our powers combine!! Earth! Fire! Wind! Water! HeaaAAAAAAaaarrrrrrt!!" I saw there was this Captain Planet Foundation event some weeks ago in Atlanta that included folks such as Richard Branson and Henrik Fisker. Before that, I didn't realize the Captain Planet brand still existed in anything other than parody form: http://www.funnyordie.com/videos/5876f2aced/don-cheadle-is-captain-planet
        paulwesterberg
        • 1 Year Ago
        @Doug
        The name makes it sound like a good environmental organization - ala the sierra club, while in reality it is just a "green" marketing vehicle. The "About Us" portion of their web site literally has a video featuring the captain planet cartoon. Unsurprisingly Charity Navigator has no listing.
          Letstakeawalk
          • 1 Year Ago
          @paulwesterberg
          "...in reality it is just a "green" marketing vehicle." What are they "marketing"?
          Letstakeawalk
          • 1 Year Ago
          @paulwesterberg
          I also noticed that Charity Navigator has no listing for the Musk Foundation - but that doesn't mean that it doesn't do great work promoting science and clean energy. Although, it sure does have a terrible web site. http://www.muskfoundation.org/
      Spec
      • 1 Year Ago
      Just come down and pick it up at the New Jersey docks. It might be a little wet. And charred.
      Ryan
      • 1 Year Ago
      Maybe if it was to own the car...
      2 wheeled menace
      • 1 Year Ago
      Can't think of a better car for an environmentalist than a 5,300lb car that gets 20mpg on gas and consumes 33%-50% more electricity per mile than other electric cars. This is why many regard modern environmentalism as a joke. It's more often about image ( the Karma is considered 'green' just because it has an electric motor ) than results.
        Actionable Mango
        • 1 Year Ago
        @2 wheeled menace
        There will always be something greener. A Prius driver is less green than a Leaf driver. A Leaf driver is less green than someone who takes an electric scooter. That scooter rider is less green than a bicyclist. A bicyclist is less green than someone who walks. Etc. Etc. Etc.
          Letstakeawalk
          • 1 Year Ago
          @Actionable Mango
          A bicyclist is more efficient than walking. But your overall point is valid. The Karma isn't as efficient as a Model S, but much better than any other luxury sedan.
          2 wheeled menace
          • 1 Year Ago
          @Actionable Mango
          So does energy usage of a vehicle not matter at all? Is a watt guzzler okay just because it doesn't run on gas?
          Actionable Mango
          • 1 Year Ago
          @Actionable Mango
          Yes, absolutely. A heavy, luxury watt guzzler is better than the heavy, luxury gas guzzlers in its class. We should strive to improve all classes of vehicles, not just subcompact hatchbacks.
        Letstakeawalk
        • 1 Year Ago
        @2 wheeled menace
        Drivers of the Fisker Karma are able to substantially reduce the amount of gasoline they use.
          2 wheeled menace
          • 1 Year Ago
          @Letstakeawalk
          Ah yes i was waiting for you to come and apologize for your favorite company. If you want to reduce the amount of gasoline you use, then get an EV, a Volt, or something else.. something that weighs 400-500lb more than a Hummer H3 is probably not what you're looking for if conservation is the goal.
        dexbusy
        • 1 Year Ago
        @2 wheeled menace
        Thats why Fisker is such a perfect poster boy for environmentalist; its ALL style over substance with Fisker.
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