£50,000 Money Bags Competition Terms & conditions

  • 5 contestants will be randomly selected by computer to take place in the live draw event
  • 250 money bags will be available to choose from
  • Money bags contents = 1x £50,000, 10x £5,000 & 239x £1,000
  • Each contestant will take their turn to select 1 money bag only
  • Order of contestant’s selection will be determined by the order of the winner selection during the computer draw process

Terms & Conditions

By participating in the Prize Draw Promotion, entrants agree to be bound by these terms & conditions and any other requirements set out in the promotional material.

Promoter: Formula One Autocentres, Boulton Road, Stevenage SG1 4QX. Please do not send entries to this address.

Eligibility: The Prize Draw is open to UK residents aged 17 years or over. Employees and the immediate families of the Promoter, participating retailers, and their agents, anyone professionally connected with the promotion are not eligible to enter this promotion. To qualify for entry into the contestants' draw, entrants must make an online purchase at f1autocentres.co.uk or in centre purchase at one of the Formula One Autocentres retail outlets.

Only online purchases made at F1autocentres.co.uk or in branch purchases between Friday 2nd April 2021 – Midnight Wednesday 30th June 2021 qualify.

All qualifying entries will be given the option to opt-out of the Prize Draw once their order is completed, via the website for online purchases and via an email to Simon.Jennings@f1autocentres.co.uk for in branch purchases. One entry per vehicle. Multiple entries for the same vehicle will be excluded.

The Prize: To be 1 of 5 contestants to participate in the £50,000 Money Bags competition.

Money Bags Competition possible prizes:
1x £50,000
10x £5,000
239x £1,000

The Draw: The Prize Draw will take place following the closure of the Prize Draw Promotion.

Winner Selection: 5 winners will be selected under independent supervision using a computer system producing random verifiable results.

Winner Notification: The winners will be notified within 72 hours of the prize draw date via e-mail to the address supplied at the point of purchase. Following that, the winner has 72 hours in which to claim the prize and supply all relevant detail. Once all relevant details are supplied the details, location, and date of the live event will be disclosed. The winner will have the obligation to attend the venue indicated to take part in the Money bags competition.

The Competition live event format: The order of the contestant’s money bag selection will be determined by the order of the winner selection during the draw process.

During the competition, the winners will have to choose 1 of the 250 envelopes that will contain 1 of 250 secured money bags that will be in the event space and will automatically win the amount of £1,000, £5,000, or £50,000 depending on the contents of the envelope selected. All envelopes will be closed with a security stamp.

The adjudicator of the competition will have possession of the verification folder which will contain the file number of all prizes including the £50,000 money bag.

In the event that the envelopes selected by the winners do not contain the £50,000 money bag, the adjudicator of the event will open the verification folder in the presence of all attendees and for verification, reliability and transparency purposes of the whole process will indicate the envelope number of which the £50,000 prize is located.

The event will feature 250 envelopes containing 250 smaller sealed security envelopes with the following amounts: 1x £50,000, 10x £5,000, and 239x £1,000. The winners will have the option to select only one envelope from the 250 present.

Each winner is responsible for paying any and all taxes on any prize(s) won and must authorize the deduction of such taxes, if any, from the prize(s) to the extent required by law.

General Points: It is explicitly stated that, after the end of the promotion, on 30/06/2021 or in case of shortening the duration of the competition, purchases will no longer be valid for entry, and those that take place after this period will be automatically excluded from the draw process.

Formula One Autocentres states that it will keep a record based on the General Data Protection Regulation (GDPR) with the data declared by the participants, namely the email address from which the purchase for participation in the competition is made as well as the time of purchase.

Winners unreservedly agrees for the Organizer to display the event and their photos in the media, including the Internet if the Organizer chooses. The name of the winners of the competition will be announced in any way chosen by the Organizer, who explicitly reserves the right to notify the winners who will win the prize in any way and any suitable means such as - indicatively and not restrictively - photos, films, and videos and possibly use any news item related to the awarding of the prizes, without any additional fee to the participants.

The Organizer explicitly reserves the right not to award the prizes to the respective winners and to repeat the respective draw, if they deny publicity or have not paid the invoice of the purchase in which they participated in the competition.

No cash alternative is available in whole or in part accept. The Promoter will not be liable for any cancellations, alterations, or modifications to the promotion as detailed above or the prize for any reason which falls outside its reasonable control. Prize cannot be sold or transferred.

The Promoter reserves the right to verify all entries and the winners, and to refuse to award a prize or withdraw prize entitlement and/or refuse further participation in the Promotion and disqualify participants where there are reasonable grounds to believe that there has been a breach of these terms & conditions or any instructions forming part of this Promotion’s entry requirements or otherwise where a participant has gained unfair advantage in participating in the Promotion or won using fraudulent means. The Promoter will be the final arbiter in any decisions, and these will be binding, and no correspondence will be entered into.

In the event of circumstances outside the reasonable control of the Promoter, or otherwise where fraud, abuse, and/or an error (human or computer) affects or could affect the proper operation of this promotion or the awarding of the prize, and only where circumstances make this unavoidable, the Promoter reserves the right to cancel or amend the Promotion or these terms & conditions, at any stage, but will always endeavour to minimize the effect to participants in order to avoid undue disappointment.

The full name of the winners will be available on request for a period of 3 months following the closing date of the Prize Draw session by sending a self-addressed envelope to: Simon Jennings, Formula One Autocentres, Boulton Road, Stevenage SG1 4QX. By participating in the Promotion you agree to your data being handled in this manner. Your data will not be used for any other purpose unless you have given express permission.

The Promoter's decision is final regarding the selection of winners and no correspondence in respect thereof will be entered into.

Entries that do not comply with these terms & conditions, or where entrants are found to be abusing the promotion in any way, will result in the disqualification of all relevant entries.

Any question concerning the legal interpretation of the rules will be based on English law and the Courts of England and Wales will have exclusive jurisdiction.

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