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Old 03-29-2008, 07:33 PM
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Originally Posted by Power Surge View Post
I dunno, sounds pretty simple to me. Thirty days to pay the deposit, it wasn't paid, deal is off.

Usually, on an item like that, it's a non-refundable deposit. That is the price to pay for the seller holding the vehicle from other buyers.

I would say if anyone is in the wrong, depends on if there is a contract between the seller and buyer, and what it says.
NO GET YOUR FACTS STRAIGHT, 1 DAY TO PAY DEPOSIT, $5000 WAS PAID IN ONE DAY,
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Old 03-29-2008, 08:28 PM
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NO GET YOUR FACTS STRAIGHT, 1 DAY TO PAY DEPOSIT, $5000 WAS PAID IN ONE DAY,
First of all, don't you dare yell at me.

Second, yes, I wrote deposit by mistake, but my point was that you had a certain amount of time to do something and you didn't do it. It doesn't matter if it's a car sale, a football game, or a pregnacy. Once the time is up, the time is up.

You brought this upon yourself. Deal with it. If you don't like it, you know where the door is. You won't get any sympathy from anyone here.
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Old 03-29-2008, 11:58 AM
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30 days certainly seems like ample time to pay the balance owed. Unless of course you where hoping to have the car sold to someone else before you had to put up your own money to pay for it.....
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Old 03-29-2008, 03:16 PM
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30 days certainly seems like ample time to pay the balance owed. Unless of course you where hoping to have the car sold to someone else before you had to put up your own money to pay for it.....
I was asking myself this same question....
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Old 03-29-2008, 11:59 AM
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I dunno, sounds pretty simple to me. Thirty days to pay the deposit, it wasn't paid, deal is off.

Right!.... Until the shoe is on the other foot !!!
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Old 03-29-2008, 12:18 PM
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Right!.... Until the shoe is on the other foot !!!
Are you saying what I think you're saying?
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Old 03-29-2008, 12:23 PM
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http://www.kaneva.com/asset/12144.media
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Old 03-29-2008, 12:34 PM
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Sal,

Now that was a great find.....I've got someone I've been chasing after for money, think I'll forward this one to him as a hint


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Old 03-29-2008, 12:36 PM
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End of story.
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Old 03-29-2008, 07:35 PM
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I dunno, sounds pretty simple to me. Thirty days to pay the deposit, it wasn't paid, deal is off.

Right!.... Until the shoe is on the other foot !!!
$5000 DEPOSIT WAS PAID IN 1 DAY
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Old 03-29-2008, 07:39 PM
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$5000 DEPOSIT WAS PAID IN 1 DAY
Now you are going to nitpick everyones responses!?! Change the word deposit to PAID IN FULL and you get what they MEANT!!!

Just a question, if I were to come to your dealership and give you a deposit to hold a car and I'd bring you the balance in 30 days... 30 days comes and goes and I don't put up... what would you do?!
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Old 03-29-2008, 08:26 PM
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Whould You Cancel The Deal Or Would You Try To Be Reasonable And Try To Complete The Deal A Week Or Two Late.
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Old 03-29-2008, 08:36 PM
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Whould You Cancel The Deal Or Would You Try To Be Reasonable And Try To Complete The Deal A Week Or Two Late.
Nice admission.
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Old 03-30-2008, 04:28 PM
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Whould You Cancel The Deal Or Would You Try To Be Reasonable And Try To Complete The Deal A Week Or Two Late.
So, "X" days later show us a bank statement that confirms the funds as available and I will personally talk to Jim and have him give you the extra time. Oh, wait, you can't do that as you are "waiting on the funds...."

Jamo, please block me from posting, this is WAY too easy and I've been a BAD boy.
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Old 03-29-2008, 08:24 PM
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$5000 DEPOSIT WAS PAID IN 1 DAY
As an ex "unofficial" cobra (mustang,corvette,MGB,TR6, camaro,to name a few) trader I have to say that I am amazed that you are complaining about a deal gone sour, especially since you are the one who did not follow the deal as set forth by your own negotiations. Every deal I've ever brokered pretty much states that if you do not come up with the funds over a set period of time, you lose your deposit. That is done to weed out the wannabe owners from those who will follow through in the time period alloted. My time is valuable and is not to be wasted, as is the time and effort it takes to find a buyer for a particular car (bike, boat, house, commercial warehouse, etc and so forth), hence the deposit then covers my wasted time should a buyer back out of a deal because "the dog ate his money". In this case it sounds like JBo was quite patient with you, especially when you were the one to approach him on the potential sale of his car to you (or your brother)....Of course if you had told him you were a dealer/broker, I'm sure he would have told you to have all funds up front, as any real dealer would have his financing in order before making an offer on a car, if not, then that dealer/broker must not have his act together. Once again. I do hope you figure things out one way or the other, but coming on to a public forum as you did and trying to drag someone through the mud (metaphorically speaking) without telling the whole story seems to be a bit dastardly and certainly not the right way to handle things. You being from Australia has nothing to do with it, different time zone has nothing to do with it, you breaking your word and not following through in the time you yourself agreed to has all to do with it.


Sorry if my post is tough to read, I do have a tendency to ramble a bit but you will get my meaning as it does appear you are a smart man........

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Old 03-29-2008, 08:34 PM
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ONLY ONE QUESTION ,ONLY ONE ANSWER REQUIRED,,, WOULD YOU HAVE CANCELLED THE DEAL THE NEXT DAY. OR TRIED TO WORK OUT A MUTUAL OUT COME (BALANCE OF MONEY) IN A WEEK OR TWO. ok 2 questions.
i am not a car dealer, i love cars (COBRA #1), and have owned 200 cars in my life 90% sold for less than i paid. thats why i am a WATCH dealer. 99.99 % sold for more than i paid.
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Old 03-29-2008, 08:37 PM
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ONLY ONE QUESTION ,ONLY ONE ANSWER REQUIRED,,, WOULD YOU HAVE CANCELLED THE DEAL THE NEXT DAY. OR TRIED TO WORK OUT A MUTUAL OUT COME (BALANCE OF MONEY) IN A WEEK OR TWO. ok 2 questions.
i am not a car dealer, i love cars (COBRA #1), and have owned 200 cars in my life 90% sold for less than i paid. thats why i am a WATCH dealer. 99.99 % sold for more than i paid.

Well I guess that negates my original view of you.

If the deal was broken because you did not follow through, and I did not NEED the money, I'd walk away from it and either take the car off the market, or go find a real buyer with the funds in hand.

Enough said.


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Old 03-29-2008, 12:48 PM
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Now THAT is funny. I'm sure whoever that's sent to would get the point.
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Old 03-29-2008, 01:07 PM
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Ron,

I spoke with JBo after this was posted and advised him to wait on his reply. He was rather upset at being called a "Scammer" and suggested his reply would be better left to "cool"

If you like, I can forward you copies of the communications between Mr. Spinozza and JBo for you to decide.

I will be glad to offer the moderators the facts and documentation regarding this matter.

Rick
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Old 03-29-2008, 01:42 PM
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Exclamation The other side of the story

Lewis;
Let us get the facts straight here for once and for all,
1. You pursued me to buy this car…(email threads remember??)… as you did other ACOC members whom you emailed after obtaining addresses from that site. Your story was ‘I’m a collector; as is my brother; I just bought a car in Hawaii and my brother now wants one like it…yours James” I told you it was not for sale, but stay in touch..which you did until I decided to offer it to you. Point of interest, after speaking to other ACOC members and owners, after all this, I find that you have been verbally abusive over prices, etc you’ve been offered for cars for “Are you stupid…I can buy these all day long for less money…RM sold one for…etc”.
2. After tacitly agreeing to a negotiated price,(I offered to sell at XXk, you countered with XYk, I countered with XZk which you accepted) you went silent for 10 days, until I contacted you and that story was you needed to make arrangements and the AU and US dollars were in flux.
3. When I subsequently pressed you for a closing, at a later date, you hemmed and hawed and acted like you weren’t sure…I should have realized at that point something was amiss…my error. This all has taken place in the last two or three weeks of January as an aside. At this time another interested party surfaced.
4. When you found out I had another interested party..you began the “you’re my Italian brother..we have to stick together, you can’t sell to anyone else. Can we make the deal today?” was your question to me.
5. You asked to renegotiate and I agreed to a $2000 haircut from the original terms as an accomodation, in return for prompt payment and closing.
6. You and I agreed on the price (my error entirely) and you set the terms for a $5000 earnest money/deposit and payment of the balance by March 4th via wire transfer to my account in US funds. You wired the deposit and I agreed the car was under contract pending a successful closing. You asked if I would transport the car to Port Newark, I responded I would make all arrangements and supervise at cost and it had been estimated at $250; but I would return what ever was left from your advance of those funds.
7. March 4th came and went, no money wired, no word, no nothing!! Nothing the next day, so now I know I don’t have some one who will fulfill their obligations and later on March 5th I emailed you; {late in the day (it was probably the 6th your time as it is 16 hours difference in time zones)} and advised you, you had failed to live up to your terms and conditions and the deal was off and your deposit forfeit. Now, who is the scammer or maybe you are a stiff . You signed up for something you didn’t have the money to complete the transaction for….. why else would you not perform??.
8. In subsequent emails, first it was I need a few more days…then it became a few weeks, sort of takes the starch out of your claim “the bank and I were arranging the transfer” & remember Luigi or Lewis, I can prove by your emails what I say. Scammer or stiff buyer?9. The other interested party has come and gone. I’ve shelved my plans for a replacement vehicle and gracefully removed myself from negotiations on it. You’ve cost me two months, a sale, a bit of “face” and money.
10. I then find you are a Used Car Dealer in AU, (lewis@investmentmuslecars.com.au) 0r investmentmuslecars.com.au, so perhaps your outrageous indignation is not so well served. You understand business rules fairly well I would suspect, but fail to abide by them. Why did you not disclose the fact you are a dealer, could it be you were trying to “flip” my car as the Hawaii purchased unit is offered for sale on your web site?, and still is? But that would mean you were trying to broker something you didn’t own yet (hadn’t paid for) and didn’t have a brokering agreement on and that probably would be slightly off key, even down under. Or as I suspect you bit off more than you could chew.
11. Now you begin threatening me via email, threatening to use my banking and email info in some terroristic way, inferring you could get violent, inferring legal action, using foul and offensive language, attempting to put a curse on me (do you realize what century this is?) and generally showing your true nature, lack of upbringing and a general disregard of the truth.

This is an abbreviated, yet completely true recount of this series of events. I can prove it all with the email threads. Regards to all interested parties,
Jbo
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