Ferrari Mailing List: Re: After-action report on 2007 F430

[Michael James (cavallino_rapante]

Never, EVER leave a transaction without a Legal bill of sale - this should be a 
no-brainer.  The document can be written on a napkin, but it should be complete 
and thorough about the transaction.  I've had to present bills-of-sale 
documentation to my local DMV for a title issuance - why would anyone just drop 
a check off, and walk away without any documentation indicating a legal 
transaction has occurred?  I've had a pretty-shady North Philly Seller 
walk-away from a Ferrari purchase I made on the internet - but I had a valid 
bill-of-sale in my hands, so my un-cashed check was returned to me that week.  
I would rather have had the car, but sometimes people just walk-away after 
hands have been shaken.  Hence, the 'wire-transfer' ploy still gives the fickle 
an 'out', and isn't as powerful as cash-in-hand when negotiating....
 
M
 


--- On Wed, 2/3/10, E M <pokiebaron [at] gmail.com> wrote:


From: E M <pokiebaron [at] gmail.com>
Subject: Re: [Ferrari] After-action report on 2007 F430
To: "Michael" <Cavallino_Rapante [at] yahoo.com>
Cc: ferrari [at] ferrarilist.com
Date: Wednesday, February 3, 2010, 10:12 AM


I'd be sure to write in the memo section of the cheque, payment in full for
Ferrari 430, along with the VIN if I could.  Even so, I'm probably still not
brave enough to leave a $140,000 cheque on someones desk. Then again, guys
like me always end up paying too much. lol

Ed
911SC

On 3 February 2010 08:42, <Britt2Asa [at] aol.com> wrote:

>
>
> I fully believe in Ken pricing but what would happen if the dealer took
> your check, deposited it, and then claimed it was a down payment for the
> car
> or  a substantial deposit? I would worry about a scum bag dealer (over here
> in the  UK at least) taking the money but still asking for more. It
> would/could be a  real hassle to get your money back..
>
> Am I alone in wondering this? With a private seller I would never pay
> without having the car papers in my hand the second I handed over the
> money.
> Lots of things can disappear from a car if you buy it and don't take it
> with
> you...books, car cover, tools, receipts, ect.
>
> Maybe I am just less trust worthy than you guys. If I screw the price down
> (which I do) I don't want to leave the car with the vendor for one second
> because if they feel they didn't get as much as they wanted they might try
> to  make the money back some other way.
>
> Thoughts?
>
> Britt
>
> Once I  bought a pickup. It was a new model, and the huge dealer only had
> two in on  the vast lot, out of literally a thousand cars baking in the hot
> Texas sun.  All those units sitting there making interest for the local
> bank
> on the floor  plan. They wanted $32,000. I offered $28,000. Nope.
>
> The salesman  started into his time worn, hours-long routine. I stopped
> him. Wrote out a  check for $28,000 and dropped it on the desk. "If your
> manager changes his  mind give me a call" I said, "Cash it or tear it up.
> I'm
> going home to dinner"  (it was after work). And I left.
>
> Took me 30 minutes to drive to the  house. The phone rang as I was pulling
> up the driveway.
>
> There are lots  of 430s out there. Will this work for Jim? I don't know.
> But if anyone has the  cojones to drop a $140,000 check on the guy's desk
> and
> walk out I think  Conforti does. Forget that they are assholes, they have a
> clock in their head  and every time the phone rings they wonder if the bank
> is calling.
>
> Besides it is too much fun to watch the look on the guy's face when  you
> actually leave.
>
> the kenverine
>
>
>
>
>
> BR in the  UK
> 1986 328GTS (LHD 89,940km) Died August 19, 2006 Shrewsbury UK
> 1980 400i  (RHD 74,000 miles)
> Searching for the right 512TR
> 2003 BMW 530d
> 2009 BMW  320d
> 1991 Alfa Spider S4 LHD
> 1993 Alfa Spider S4 LHD
> 1985 Fiat X/19  Bertone
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