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

[Gary Reed (gary]

Me too. 

Especially if I'm SELLING a car!    ;)

Gary

----- Original Message ----- 
  From: Steve Jenkins 
  To: Gary Reed 
  Cc: The FerrariList 
  Sent: Tuesday, February 02, 2010 2:34 PM
  Subject: Re: [Ferrari] Learn from my error...


  I tend to go for wire transfers.

  SJ

  -----Original Message-----
  From: Hans E. Hansen [mailto:FList [at] hanshansen.org] 
  Sent: Tuesday, February 02, 2010 2:28 PM
  To: Steve Jenkins
  Cc: The FerrariList
  Subject: Re: [Ferrari] Learn from my error...

  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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