| Re: Ferrari Digest, Vol 28, Issue 47 | <– Date –> <– Thread –> |
From: BRIGANDBAR (BRIGANDBAR aol.com)
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| Date: Mon, 24 Nov 2008 14:38:35 -0800 (PST) | |
Larry: It is just one of the newer scams that the auctioneers have invented to increase their profits. It isn't really fair to label it as "covertly" since it is posted at each auction site, but in most instances the buyer rarely takes the time calculate the "actual" cost of the car, including the buyer's premium but once the gavel falls he/she has bought the car, but not exactly at the same price that he expected to pay. Try calculating the "actual" purchase price when the bidding is competitive and the buyer's premium is anywhere from 7.5% to 17.5% of the bid when it is on the block, the price is being increased at an unspecified rate and pace and you really want to buy the car. Think about it, you just bid $57,250 and the bid is moving up quickly to 57,850 and you might win it with the next bid, but your absolute cap is $60,000 (not pure fiction, an acquaintance lost car recently at Barrett-Jackson under similar circumstances). Let's see. Your winning bid would be $59.950 and you would be okay, wouldn't you? $59,950 x 1.175 = 70,441.25., budget busted big time. And, in many instances the seller pays a similar $10491.25 which yields a ~$21k profit on selling a car for slightly less than $60k. Pretty nice cut on the sale. Add in things like any reserve fees, cleanup fees, "administrative and title fees" and the auction company seems well on the way to meeting the costs of the auction with a nice ROI on the deal. There is nothing legally wrong with it, and as for morally wrong that is up to each individual. After all, everyone knows the terms up front and (contractually) agrees to it. But, in the heat of the moment the buyer can end up looking for one of those neat, but no longer available sub-prime second mortgages, or even an equally good (for the broker) variable rate ones to cover the difference. Personally, I just use the ~10%, 20% rule (quick and easy calculations with a good safety margin) when bidding to be on the safe side. I might lose a car, but not my shirt on any given vehicle. Oh, and incidentally this type of charge is becoming ubiquitous within the auction industry to be forewarned and forearmed, use the calculator on your blackberry before, not after you signal a bid. Dr. Steve Dr. Stephen B. Spies, CES, CFI Director, Forensic Sciences Laboratory Explosives Engineering Technologies 1964 Rolls Royce Silver Cloud III.....1975 Pontiac Grandville 1980 MB 450 SL............................1982 Rolls Royce Corniche DHC 1988 Rolls Royce Silver Spur..........1994 F-350 PowerStroke Diesel 1995 Ferrari 348 Spyder.................1996 Ford Bronco 2000 Lincoln Town Car....................2004 Ford Excursion + a 1985 MB 280GE Galedenwagen for Explorations + a 1976 HAHN- WARNER & SWASEY- DUPLEX DIVISION HOWE APPARTUS. THE MODEL #R400 FIRE TRUCK w/a 100' Tower System + a 1985 GMC Brigadier Farm Truck/20T Wrecker & Audrey's 2 MB's [1980 450SL & 1987 420SEL] to care for... Legal Notice: This message does not constitute legal or other professional advice, nor does it create an Attorney/Client, or other confidential or fiduciary relationship between the sender and/or any other party Confidentiality Notice: This e-mail (including attachments) is covered by the Electronic Communications Privacy Act, 18 U. S. C., Sections 2510-2521, and is intended only for the person or entity to which it is addressed, and may contain confidential or privileged material. Any unauthorized review, use, disclosure, dissemination, copying, forwarding or distribution is prohibited. If you are not the intended recipient contact the sender by reply e-mail and destroy all copies of the original message. If you are the intended recipient but do not wish to receive communications through this medium please so advise the sender immediately. Electronic Transmission Security Notice: Email transmission cannot be guaranteed to be secure or error-free. The sender does not accept liability for any errors or omissions in the contents of the message that arise as a result of its electronic (e-mail) transmission. In a message dated 11/24/2008 5:16:49 A.M. Central Standard Time, ferrari-request [at] ferrarilist.com writes: Send Ferrari mailing list submissions to ferrari [at] ferrarilist.com To subscribe or unsubscribe via the World Wide Web, visit http://lists.ferrarilist.com/mailman/listinfo/ferrari or, via email, send a message with subject or body 'help' to ferrari-request [at] ferrarilist.com You can reach the person managing the list at ferrari-owner [at] ferrarilist.com When replying, please edit your Subject line so it is more specific than "Re: Contents of Ferrari digest..." Today's Topics: 1. Re: NFC but worth knowing anyway (LarryT) 2. Auctions (LarryT) 3. Re: Auctions (Dan Warlick) 4. Re: Auctions (E M) 5. Re: Auctions (philville dejazzd.com) 6. Doodads (RASCO80 [at] comcast.net) 7. Re: 308GTS top cover clip (Doug and Terri Anderson) 8. I made the front page! (Steve Jenkins) 9. Gear Box Oil Change (Robert W. Garven Jr.) ---------------------------------------------------------------------- Message: 1 Date: Sun, 23 Nov 2008 10:09:18 -0500 From: "LarryT" <l02turner [at] comcast.net> Subject: Re: [Ferrari] NFC but worth knowing anyway To: <philville [at] dejazzd.com> Cc: The FerrariList <ferrari [at] ferrarilist.com> Message-ID: <6D88C17901F34E6B82A7FCF7D1A7FFB8 [at] acer> Content-Type: text/plain; format=flowed; charset="iso-8859-1"; reply-type=original That's hilarious! (and true!) Sincerely, Larry T (74 911, 91 300D 2.5T) www.youroil.net Oil Analysis Kits & Porsche Posters/Weber parts . ----- Original Message ----- From: "philville dejazzd.com" <philville [at] dejazzd.com> To: "Larry Turner" <l02turner [at] comcast.net> Cc: "The FerrariList" <ferrari [at] ferrarilist.com> Sent: Friday, November 21, 2008 3:29 PM Subject: [Ferrari] NFC but worth knowing anyway > > Lawrence Livermore Laboratories has discovered the heaviest element > yet known to science. > The new element, Governmentium (Gv), has one neutron, 25 assistant > neutrons, 88 deputy neutrons, and 198 assistant deputy neutrons, > giving it an atomic mass of 312. > These 312 particles are held together by forces called morons, which > are surrounded by vast quantities of lepton-like particles called > peons. > Since Governmentium has no electrons, it is inert; however, it can be > detected, because it impedes every reaction with which it comes into > contact. A tiny a mount of Governmentium can cause a reaction that > would normally take less than a second, to take from 4 days to 4 years > to complete. > Governmentium has a normal half-life of 2- 6 years. It does not decay, > but instead undergoes a reorganization in which a portion > of the assistant neutrons and deputy neutrons exchange places. In > fact, Governmentium's mass will actually increase over time, since > each reorganization will cause more morons to become neutrons, forming > isodopes. > This characteristic of morons promotion leads some scientists to > believe that Governmentium is formed whenever morons reach a critical > concentration. This hypothetical quantity is referred to as critical > morass. > When catalysed with money, Governmentium becomes Administratium, an > element that radiates just as much energy as Governmentium since it > has half as many peons but twice as many morons. > Philip "Phil" Tegtmeier > 39 Churchill Drive > Elverson Pa 19520 > 610.525.8949 > And, go to: ... www.PhilvilleUSA.com > ------------------------------------------------------------------------------ -- > _________________________________________________________________ > To unsubscribe or modify your subscription options, please visit: > http://lists.ferrarilist.com/mailman/options/ferrari/l02turner%40comcast.net > > Sponsored by BooyahMedia.com > and F1 Headlines > http://www.F1Headlines.com/ > ------------------------------ Message: 2 Date: Sun, 23 Nov 2008 10:47:25 -0500 From: "LarryT" <l02turner [at] comcast.net> Subject: [Ferrari] Auctions To: "The FerrariList" <ferrari [at] ferrarilist.com> Cc: The FerrariList <ferrari [at] ferrarilist.com> Message-ID: <DDE6AD025499456C82FF0B74CE2415B5 [at] acer> Content-Type: text/plain; charset="iso-8859-1" Was watching the Russo & Steele auction - they had a gorgeous 365 Boxer that was awesome - made me wonder - is an auction a good thing for the buyer or is it better for the seller? I also noticed the buyer & the seller pays a fee to the auctioneer - is that common? TIA - Sincerely, Larry T (74 911, 91 300D 2.5T) www.youroil.net Oil Analysis Kits & Porsche Posters/Weber parts . ------------------------------ Message: 3 Date: Sun, 23 Nov 2008 12:21:13 -0500 From: "Dan Warlick" <edwf430 [at] att.net> Subject: Re: [Ferrari] Auctions To: "LarryT" <l02turner [at] comcast.net> Cc: ferrari [at] ferrarilist.com Message-ID: <630B386A63724042A822BB930E4EA5C2 [at] Laptop> Content-Type: text/plain; format=flowed; charset="iso-8859-1"; reply-type=original Buy fee and sell fee...S.O.P....... Auctions are like football games. Any Given Sunday...... ----- Original Message ----- From: "LarryT" <l02turner [at] comcast.net> To: "Daniel" <edwf430 [at] att.net> Cc: "The FerrariList" <ferrari [at] ferrarilist.com> Sent: Sunday, November 23, 2008 10:47 AM Subject: [Ferrari] Auctions > Was watching the Russo & Steele auction - they had a gorgeous 365 Boxer > that was awesome - made me wonder - is an auction a good thing for the > buyer or is it better for the seller? > > I also noticed the buyer & the seller pays a fee to the auctioneer - is > that common? > > TIA - > > Sincerely, > Larry T (74 911, 91 300D 2.5T) > www.youroil.net Oil Analysis Kits & > Porsche Posters/Weber parts > . > _________________________________________________________________ > To unsubscribe or modify your subscription options, please visit: > http://lists.ferrarilist.com/mailman/options/ferrari/edwf430%40att.net > > Sponsored by BooyahMedia.com > and F1 Headlines > http://www.F1Headlines.com/ ------------------------------ Message: 4 Date: Sun, 23 Nov 2008 13:10:05 -0500 From: "E M" <pokiebaron [at] gmail.com> Subject: Re: [Ferrari] Auctions To: LarryT <l02turner [at] comcast.net> Cc: The FerrariList <ferrari [at] ferrarilist.com> Message-ID: <fbc36f3b0811231010t5421bd23yc64050fc10cbcd1b [at] mail.gmail.com> Content-Type: text/plain; charset=ISO-8859-1 Not sure, but I think it's best for the auctioneer. ;-) Local one here, you pay to enter your car, you pay more to enter if the car has a reserve. If sold, the seller then pays a sellers fee, and the buyer pays a % of the purchase price to the auctioneer too. Ed 911SC 2008/11/23 LarryT <l02turner [at] comcast.net> > Was watching the Russo & Steele auction - they had a gorgeous 365 Boxer > that was awesome - made me wonder - is an auction a good thing for the buyer > or is it better for the seller? > > I also noticed the buyer & the seller pays a fee to the auctioneer - is > that common? > > TIA - > > Sincerely, > Larry T (74 911, 91 300D 2.5T) > www.youroil.net Oil Analysis Kits & > Porsche Posters/Weber parts > . > _________________________________________________________________ > To unsubscribe or modify your subscription options, please visit: > http://lists.ferrarilist.com/mailman/options/ferrari/pokiebaron%40gmail.com > > Sponsored by BooyahMedia.com > and F1 Headlines > http://www.F1Headlines.com/ > ------------------------------ Message: 5 Date: Sun, 23 Nov 2008 14:35:31 -0500 From: "philville dejazzd.com" <philville [at] dejazzd.com> Subject: Re: [Ferrari] Auctions To: LarryT <l02turner [at] comcast.net> Cc: The FerrariList <ferrari [at] ferrarilist.com> Message-ID: <fd92282e3ed1c2a4.49296a33 [at] dejazzd.com> Content-Type: text/plain; charset="us-ascii" " is an auction a good thing for the buyer or is it better for the seller?" It is good mostly for thr auction company ( IMHO). ----- Original Message ----- From: LarryT <l02turner [at] comcast.net> Date: Sunday, November 23, 2008 10:47 am Subject: [Ferrari] Auctions To: Phil Tegtmeier <philville [at] dejazzd.com> Cc: The FerrariList <ferrari [at] ferrarilist.com> > Was watching the Russo & Steele auction - they had a gorgeous > 365 Boxer that was awesome - made me wonder - is an auction a > good thing for the buyer or is it better for the seller? > > I also noticed the buyer & the seller pays a fee to the > auctioneer - is that common? > > TIA - > > Sincerely, > Larry T (74 911, 91 300D 2.5T) > www.youroil.net Oil Analysis Kits & > Porsche Posters/Weber parts > . > _________________________________________________________________ > To unsubscribe or modify your subscription options, please visit: > http://lists.ferrarilist.com/mailman/options/ferrari/philville%40dejaz zd.com > > Sponsored by BooyahMedia.com > and F1 Headlines > http://www.F1Headlines.com/ Philip "Phil" Tegtmeier 39 Churchill Drive Elverson Pa 19520 610.525.8949 And, go to: ... www.PhilvilleUSA.com ------------------------------ Message: 6 Date: Sun, 23 Nov 2008 21:45:21 +0000 From: RASCO80 [at] comcast.net Subject: [Ferrari] Doodads To: Ferrari [at] Ferrarilist.com (List Ferrari) Cc: The FerrariList <ferrari [at] ferrarilist.com> Message-ID: <112320082145.6741.4929CEF1000C88A800001A552216548686CFC8B1BCACBEAD [at] comcast.ne t> Content-Type: text/plain Jerry, Sometimes those doodads can be fixed. Take a magnifying glass and look inside the doodad. There are 3 or 4 spring loaded grippers in the doodad and sometimes they get bent when you press them to hard on the thingamajig. Use a slim ice pick or needle and move them around, one is probably bent and bend it back into position. The other grippers should then move freely. Give it a try and if it works you can save the snap and the horsey. Bob ------------------------------ Message: 7 Date: Sun, 23 Nov 2008 17:51:11 -0800 From: "Doug and Terri Anderson" <dnt [at] dock.net> Subject: Re: [Ferrari] 308GTS top cover clip To: <pvb308 [at] comcast.net> Cc: The FerrariList <ferrari [at] ferrarilist.com> Message-ID: <002501c94dd7$21d22f60$ed25f0d8 [at] YOUR6EA8154886> Content-Type: text/plain; format=flowed; charset="iso-8859-1"; reply-type=original >>Jerry asks ". . . where I can get one of the little doodads ( I have no >>idea what they are called) that are at each of the corners (4) on the >>(vinyl?) cover that is used to cover, and hold in place, the top? The doodad is called a TENAX fastener. Three sizes - English, Japanese and German. http://www.eagleday.com/tefaforpo.html The above site will get you to one supplier. I have seen them go for $25 a set (fastener and peg). The above guys will get you set up for under $10. I bought one to replace the fuse box cover from GAHH http://www.gahh.com/index.php About the same price. Onward DOUG ------------------------------ Message: 8 Date: Mon, 24 Nov 2008 00:38:09 -0500 From: "Steve Jenkins" <stevej [at] cheatcodes.com> Subject: [Ferrari] I made the front page! To: <ferrari [at] ferrarilist.com> Cc: The FerrariList <ferrari [at] ferrarilist.com> Message-ID: <324A11FB6AE3924083DACAAE042340C6025637D0 [at] BE19.exg3.exghost.com> Content-Type: text/plain; charset="us-ascii" I just found out today that if you Google "Ferrari F40" - I'm the last hit on the front page! Thanks, Gary, for making my baby a GoogleStar! J http://www.google.com/search?q=ferrari+f40 SteveJ -------------- next part -------------- A non-text attachment was scrubbed... Name: not available Type: application/ms-tnef Size: 4495 bytes Desc: not available Url : http://lists.ferrarilist.com/pipermail/ferrari/attachments/20081124/031d7c35/attachment.bin ------------------------------ Message: 9 Date: Sun, 23 Nov 2008 22:39:18 -0800 From: "Robert W. Garven Jr." <rgarven [at] gmail.com> Subject: [Ferrari] Gear Box Oil Change To: The FerrariList <ferrari [at] ferrarilist.com> Cc: The FerrariList <ferrari [at] ferrarilist.com> Message-ID: <EC8F476F-DC7E-4ACF-AC0F-47DC9B39A91E [at] gmail.com> Content-Type: text/plain; charset=US-ASCII; format=flowed; delsp=yes All, Here is post of the gearbox oil change I wrote for F-chat. If it were not for Ric and others I would have never had the confidence to touch my car. I will never have the skills I desire but can at least do these simple services. I need to do a major but I really glued my valve covers on so good with no leaks I dont want to take them off . Ive only been around 10,000 miles since I adjusted my valves but I think I should do them again........ Dont get me wrong Im not complaining about the work just removal of my non leaking valve covers. but probably need to check my cam covers nuts and re-torque the heads... Rob http://www.birdmanferrari.com/Gear_oil/gear_oil_change.htm Robert W. Garven Jr. rgarven [at] gmail.com "The Ferrari is a dream - people dream of owning this special vehicle and for most people it will remain a dream apart from for those lucky few". Enzo Ferrari ------------------------------ _________________________________________________________________ To unsubscribe or modify your subscription options, please visit: http://lists.ferrarilist.com/mailman/listinfo/ferrari End of Ferrari Digest, Vol 28, Issue 47 *************************************** **************One site has it all. Your email accounts, your social networks, and the things you love. Try the new AOL.com today!(http://pr.atwola.com/promoclk/100000075x1212962939x1200825291/aol?redir=http://www.aol.com/?optin=new-dp %26icid=aolcom40vanity%26ncid=emlcntaolcom00000001)
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