Ferrari Mailing List: Re: Learn from my error...

[Hans E. Hansen (FList]

I was in the car business for many years.  Cash does not
impress - in fact it's a royal PITA.  IRS paperwork, counting
(usually several times with customer present to prevent
error), and security issues storing and getting to the bank.

Nope.  We always preferred check - personal check OK
for local residents, cashier for people unknown to us, or
finance.  It really doesn't matter, but please:  No cash.

As far as a simple offer .vs. check on the desk:  Again,
doesn't matter.  An offer is fine, and we almost never
had anybody back out of a signed offer.  It was as good
as done, as far as we were concerned.  Usually having
a guy slam a check on the desk was a tip off that he was
a jerk.

Hans. (now out of the rat race....)

On Tue, Feb 2, 2010 at 2:15 PM, Erik Nielsen <judge4re [at] gmail.com> wrote:
> If you are serious, bring the IRS form with you for cash transactions
> greater than $10k.
>
> Then watch them shit.
>
> On 2/2/10, Jim Conforti <lndshrk [at] xmission.com> wrote:
>> What I misread in all of this was that "offer" means...
>>
>> 1) Write out a check and drop it on their desk.
>>
>> NOT
>>
>> 2) Offer them verbally (or written)
>>
>> Clyde is (as always) correct.
>>
>> Money talks and bullshit walks.
>>
>> Do it like a drug deal.
>>
>> One would think that this specific dealer would know
>> by now know that if I offer, it's as good as cash.
>>
>> Not so.
>>
>> I am surely thinking of making a second offer - and LITERALLY
>> doing it like a drug deal - that is - a valise full of benjamins.
>>
>> Oh, sure - there will be two CTR's to fill out - but I think
>> it would be very hard for them to refuse "wholesale value"
>> plus 10-15k in cold hard cash.
>>
>> To be honest, my second mistake is NOT having a completely
>> clear assessment of the value of the F430 in particular.
>>
>> In short, I didn't do my homework.
>>
>> Now I shall correct my errors.
>>
>> My errors may have poisoned the waters enough that I have screwed
>> myself on this car - oh well, I can live with that.
>>
>> It will still be fun to see their faces if I dump $150k or so in
>> banded 100's on their desk.
>>
>> Jim
>>
>> PS: Clyde, Ken - this ones for YOU ;)
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