View Single Post
  #9 (permalink)  
Old 02-27-2003, 11:25 AM
frankym frankym is offline
CC Member
Visit my Photo Gallery

 
Join Date: Aug 2001
Location: Westport, CT
Cobra Make, Engine: ERA 575 with Shelby Aluminum 427 Stroked to 468
Posts: 374
Not Ranked     
Default

wtcobra,

While it's great deal, and I would likely be able to sell it in the northeast at perhaps $2k more than the purchase price of $42k, I would have the initial cost of transporting it, and the implicit financing cost of holding it during the sale process, your comment about "stepping up to the plate" is almost nonsenscial, I didn't suggest this was a car that somebody should buy to resell, but if a truly interested party were in the market for a stroker SPF, at $40k, he would be able to get $40k or better in the beginning of the summer and not lose any money provided they had a window of 3-6 months to liquidate if they decide to sell.

Every asset within the automotive category lacks liquidity, my invitation made earlier was to the people that claim to be in the market and ready to seize a good deal, which there have been many (many parties stating they are ready to buy) if you follow this forum, my remarks are toward them, not other cobra owners like yourself (nice ride by the way), and not to those bidding on eBay, but rather, as I've said, the many folks who claim to be serious about buying but not stepping up to the plate as you've said.

Cobra Fever, my point is that if you're a dealer, then you should expect to show the cars to dreamers and tire kickers, but if you're a private seller, you should not have to waste your time with somebody that has 500 in the bank and trys to lowball you for sport. I have seen people negotiate a deal without having nearly the amount of money necessary to buy the car. When I bought my SPF, I called the owner, he sent me photos, I did make him an offer as I wasn't about to drive 1500 miles to find out that we could not agree on price. I sent him a modest non refundable deposit by overnight delivery, and the final sale was subject to my test drive and verifying his represenation of the car to be accurate in all ways upon physical inspection.

Who knows, perhaps many of the folks that I have alluded to that skulk around here on the forum are en route to Texas to pick this bad boy up, and their absence on this thread is purley for negotiation purposes, my comments are made toward the tire kickers on this site that continually talk a big game about being ready to buy. Fact is, these cars are dificult to sell because of the large quantity of frogs you have to entertain before a serious buyer comes along.

I intended for this thread to provoke some interesting tales of other tire kicker stories out there, one of the principal perequisites for a free enterprize is for people to deal in good faith, without it, you may as well enter into nuclear non-proliferation treaties with North Korea

but seriously, without good faith (honesty on the part of the seller and wherewithal on the part of the buyer) there is no free market economy, plain and simple, so anytime you have somebody negotiating for the purchase of something they cannot afford, free enterprize fails, similarly when goods are marketed as something they are not, free enterprize fails. Good faith is a simple concept and part of the uniform commercial code, and a concept that tire kickers cannot grasp.

Last edited by frankym; 03-21-2003 at 08:00 AM..