Seahawks shutout to cost car dealer $420,000

[KitsapGuy]

FEDERAL WAY, Wash. - When the Seahawks win, you win!"

Pizza, beef jerky, cheeseburgers, haircuts, Slurpees and donuts.

Those are just a few of the free promotional gifts the gods of football can grant lucky fans when the Seahawks dominate.

Add a cool $35,000 to that list.

The Seahawks clobbered the New York Giants 23-0 in MetLife Stadium Sunday afternoon. Most of Washington likely cheered and chanted "SEA--HAWKS" after each of the game's five interceptions. But Jet Chevrolet in Federal Way is now obligated to pay out $35,000 to twelve contestant winners as part of a "Seattle shutout" promotion.

http://www.komonews.com/sports/Seahawks ... 58391.html

 

[Ad Hawk]

That's a "healthy" sum for a promotional; the food? Not so healthy.

 

[Hawknballs]

apparently they had some sort of insurance policy so it really only cost them 7K?

what kind of insurance policy is that I wonder.

 

[tubbs51]

Damn. I wish i had taken advantage of that. Good on the dealership to honor the promotion. Congrats to the winners.

 

[Bigpumpkin]

I doubt that you are going to find any sympathy for a car dealership on this board!

 

[Anguish]

Business promotions like this are always backed by insurance. My company runs 2 or 3 of them annually.

 

[mikeak]

There is an exception to the insurance. The NBA team that shall not be named has a bank sponsoring the halftime halfway shot for $20k. It is not insured and has been won a few times this year. But in general lots if insurance companies takes these bets. All insurance is anyways. Asses the chances it will happen, set the financial risk and then you set the premium....

 

[Jazzhawk]

apparently they had some sort of insurance policy so it really only cost them 7K?

what kind of insurance policy is that I wonder.

It's sold for many different promotions... a Million dollar hole in one golfing contest, a mid-court basketball shout for $50k and so on. Like here for example: http://www.interactivepromotions.com/

 

[NinjaHawk38]

I remember hearing that commercial on kiro710 and I was thinking in my head That couldn't possibly happen could it? The Seahawks on the road and a 10 am game. And boom they did B3lieve it.

 

[Scottemojo]

That commercial replayed in my head at half time when I saw that the Giants had 46 yards.

I pictured a group of insurance agents as some of the few cheering for the GIants, and how dismal they must have felt when that last pass got volleyballed to Sherman.

 

[HawkFan72]

apparently they had some sort of insurance policy so it really only cost them 7K?

what kind of insurance policy is that I wonder.

Companies always take out insurance for promotions like this.

Usually any prize you ever see through an ad would be paid by an insurance company.

So yeah, this will only cost the dealership $7K.

For them, it is actually better. Now instead of throwing $7K away (which most companies do when they buy these types of policies), they are getting huge publicity out of the fact that their $7K actually bought a payout from the insurance company. Their $7K was actually money well spent.

 

[jblaze]

apparently they had some sort of insurance policy so it really only cost them 7K?

what kind of insurance policy is that I wonder.

Companies always take out insurance for promotions like this.

Usually any prize you ever see through an ad would be paid by an insurance company.

So yeah, this will only cost the dealership $7K.

For them, it is actually better. Now instead of throwing $7K away (which most companies do when they buy these types of policies), they are getting huge publicity out of the fact that their $7K actually bought a payout from the insurance company. Their $7K was actually money well spent.

Exactly, this is a big boom for this business. It's getting national play also. Best advertising you can do right here.

 

[mikeak]

apparently they had some sort of insurance policy so it really only cost them 7K?

what kind of insurance policy is that I wonder.

Companies always take out insurance for promotions like this.

Usually any prize you ever see through an ad would be paid by an insurance company.

So yeah, this will only cost the dealership $7K.

For them, it is actually better. Now instead of throwing $7K away (which most companies do when they buy these types of policies), they are getting huge publicity out of the fact that their $7K actually bought a payout from the insurance company. Their $7K was actually money well spent.

Add to that people that bought a car got 100 votes.

When refrigerator dealers and tv dealers do this there is always a percentage that brings the good back. On a car after all the paperwork most likely not happening (not sure on washington's laws in regards to the 3 day regret policy).

So he probably sold 1-2 cars just because of this if not more plus the publicity afterwards.

 

[Sgt. Largent]

apparently they had some sort of insurance policy so it really only cost them 7K?

what kind of insurance policy is that I wonder.

I own an insurance agency. You can buy what's called "special event" insurance, it's the same companies that pay out for hole in one shots or half court shots, that kind of stuff.

 

[3Girls'HawkDad]

Pretty good publicity for $7k

 

[BlueTalon]

When refrigerator dealers and tv dealers do this there is always a percentage that brings the good back. On a car after all the paperwork most likely not happening (not sure on washington's laws in regards to the 3 day regret policy).

So he probably sold 1-2 cars just because of this if not more plus the publicity afterwards.

It doesn't apply to cars. If you sign the paperwork and drive it off the lot, it's yours. I think the only way you can force a return after that is via the lemon laws.

 

[Bigpumpkin]

Pretty good publicity for $7k

The dealership is as happy as a clam! "Best money we ever spent"! This event will have at least a one year "residual" payoff in new customers. Win-Win!