Emergency Sale - Page 4

Mohuska · #61 (**permalink**) 03-16-2004, 07:23 PM

I have the original Cobra owned by Elvis... It was never driven (he couldn't fit in the seat)....but he did sit on the left front quarter panel so the left shocks are gone

It does have a Pratt-Whitney engine ...very rare...Elvis only liked the best...

What do I hear as an opening bid?

Excaliber · #62 (**permalink**) 03-16-2004, 07:23 PM

The seller, Stuart, really is a nice guy. He was sincerely mistaken about the cars value at $25K. I did not feel right holding his feet to the flames at that price. We all make mistakes. I was #2 in line. I quietly waited to see what TButtrick was going to do. Perhaps TButtrick WAS right for NOT buying? There is, after all, SOME risk involved here. I've never even seen the car!

Big gain often means Big risk. Not the first I've taken, won't be the last. Been burned a few times along the way. I'll accept the risk, and wouldn't want to miss the ride, the thrill of victory, the art of the deal. Time will tell on THIS deal if I'm a winner or a looser! But I'm IN the game and I'm going for it!

Dirty Ernie

I once bought, with some partners, a 30 something foot Ferrari cigarrette boat. A $100K plus deal. Twin Ferrari V-8's, 800 horse power. White leather interior, RED with the yellow prancing horses on the bow. My gawd man, what a ride!!!! Lost our ass on that boat we had HOPED to make a profit on. But I have no regrets! I STILL talk the about time I owned a Ferrari cigarrette boat and the very cool memories that came along with it...........

JWheaton · #63 (**permalink**) 03-16-2004, 07:43 PM

TButtrick,

Not talking about different houses. Initial price is the offer price not the sale price there is a difference. It happens very often for quality property. It has nothing to do with a person lack of integrity. He got a fair price given the timeframe he needed to sell. Good for him. There is a good chance he could have gotten more if he had had the time to sell.

Why would he sell if he got a better offer. As far as I can tell he did not accept any offers, no hands were shaken and no papers faxed or signed.

This is a good deal for all parties involved. Each gets more than they might have. Stuart gets more money for a quick sale and Ernie (you are the buyer) gets more car for his money. At least on the surface. He will be the one to determine how much if anything needs to be put into the car.

TC -- I agree. Once you make an offer and it is accepted to me it is a done deal. In this particular case the price increased, for whatever reason, and then the deal closed.

Congratulations Ernie -- It looks like you have a very nice car. I particularly like the tan interior. It looks sharp. Not as sharp as the bleach white interior in your old car (or was that the DVSF car?)

Jamo · #64 (**permalink**) 03-16-2004, 08:01 PM

Hehehe...

I love this place.

Excaliber · #65 (**permalink**) 03-16-2004, 08:12 PM

The "DVSF" car I had (Classic Roadster, blue with white interior) was a conumdrum for me. Soon after I got it I realized there was NO WAY to register it in Hawaii. SO, there it sat, what to do what to do!

THATS the car that inspired the "Bill" and got me into "politics"! That "BILL" is now about to become LAW. Thus, finally there IS a way to register a replica Cobra in Hawaii. And not a minute to soon may I say!!!!

The DVSF car was recently sold (by the way). Timing and money just seemed to come together like the deal was made for me!

Ernie

clayfoushee · #66 (**permalink**) 03-16-2004, 08:28 PM

Ernie,

Congrats, but how much does it cost to ship a car to Hawaii, assuming you're not fabricating your own pontoons. That's getting awfully close to your self-imposed $40K limit on a "used side-oiler in a glass car."

Also, just gotta know, was it Stuart himself that paid $60K for that car several years ago, and was "seriously mistaken" about how much it was worth?

Turk · #67 (**permalink**) 03-16-2004, 08:37 PM

Even in the day to day business of buying and selling cars, a deposit is tendered to consumate a deal.

Even then the deposit holds the PRICE...not the car!

It is not all the uncommon for someone to give me a deposit of $2000-3000 and never to return for the balance and take delivery.

I can't hold their feet to the fire and make them pay. Nor can I swallow their deposit. It is ILLEGAL.

At the mean time I might have said "It is sold!" to my only other buyer.
Who gets screwed in that deal? The seller?

If the guy offered his car for $25,000 and you showed up to buy it with certified funds and he said NO, that's one thing.

While you guys call your banks, and ask for more photos, and research the car, the seller gets a bonafide offer higher than his asking price, he is supposed to do what? Wait for one of the others to actually show up with the dough and tell everyone else to go away.

Nothing wrong with raising the price of something you have for sale higher and higher as buyers start piling up.

At the dealerships we seem to have no problem lowering the price lower and lower until we find a buyer for a specific car.
The reverse is no less honorable.

If you guys didn't think this car was worth atleast another $10,000 there wouldn't be all this fuss.

Ernie is no "dumbass".
If everything about the car is as described, he might have gotten himself a good deal like the rest of you folks wanted to. He did it by paying a premium of $10,000. It is really up to him to ascertain if that was worth it or not.

I have a problem with this thread with the basic tone of what is being said. The car belonged to someone we don't even know. It seems to belong to one of our members now. Shouldn't we be happy for him instead of chastising his success.

He beat everyone fair and square. What if one of you wanted to scoop the others and flew there this morning, would the rest be crying foul that someone flew in from TX while you were driving down to look at it?

Should the owner have waited for you? What if you couldn't get your money?

It seems a little dorky to see all the comments.

Hey Ernie,
DO you want to save the transportation to the Island and make $500.00 profit in the process. Let me have the car.

For sale one ERA. $49,995

TURK

Excaliber · #68 (**permalink**) 03-16-2004, 08:39 PM

About $900 for shipping last time I checked. But thats OUTSIDE on the deck, not in a container.

SO,,,, when the Austin Healey shipped I took out a LOT of insurance and told them, "Put it on the deck if you want, but I got pictures and WILL be checking for scratches". They put it in a container at the base price!

Not sure I want to risk that on THIS car so will probably go container on it. Figure,,,,, $1500?

Not sure I have a "self imposed" $40K limit. I was saying on that "other car" I would figure $20k for the motor and $20k for the empty body. Now what the PACKAGE is worth is another story! Kinda cool it went for closer to $50K,,,, or did it? I haven't checked that thread in awhile.

Ernie

,,,, I was wondering when the Turkmiester was gonna check in.

And no, the car is NOT for sale at any price until I've had time to thrash it and boil the rear hides at least!

Turk · #69 (**permalink**) 03-16-2004, 08:50 PM

In that case I agree with everything said about you. You are a slimy, dirt bike riding Hawaii living, sunburned, part time working car buyer whom I hate .

Hell of a deal on the finest car made. ERA.

Enjoy it.

ToyCollector · #70 (**permalink**) 03-16-2004, 09:14 PM

Quote:

Originally posted by Turk

Hell of a deal on the finest car made. ERA.

Enjoy it.

TURK,

By "enjoy it" you mean not trade it on something else right away, correct?

JWheaton · #71 (**permalink**) 03-16-2004, 09:30 PM

Turk,

Good post. Makes sense to me. I am happier than hell for Ernie. Now he can go and find that van guy and give him a ride that will stain the rest of his pants.

Jamie

trctrdrvr · #72 (**permalink**) 03-16-2004, 10:01 PM

have the original Cobra owned by Elvis... It was never driven (he couldn't fit in the seat)....but he did sit on the left front quarter panel so the left shocks are gone

It does have a Pratt-Whitney engine ...very rare...Elvis only liked the best...

5.00 but you have to supply shipping

Turk · #73 (**permalink**) 03-16-2004, 10:08 PM

It doesn't matter if he trades it on something else.
He'll turn around and buy it back for more than he sold it for.
He has a propensity to do that.

TURK

Excaliber · #74 (**permalink**) 03-16-2004, 11:01 PM

Heck I don't start making money on 'em until at least the third sale or so........

Ernie

PatBuckley · #75 (**permalink**) 03-17-2004, 01:00 AM

Way to go Ernie!

Just flip your mirrors down and don't those other jealous a$$holes bother you - not that you are.

If I wasn't out of town I woulda offered $40K for that car.

Pat

ohekk · #76 (**permalink**) 03-17-2004, 02:46 AM

I glad to see you got another RED Cobra!

Tom

By the way...will you be changing your username from "Excaliber" to "Dirty Ernie"

Bill Wells · #77 (**permalink**) 03-17-2004, 03:32 AM

hey, VERY NICE BUY !!

kinda like so many Calif home sales where bidders raised the price OVER the listing price . and, adds more support to the old saying : SNOOZE< YA LOSE !

money talks in my sales of things, first one with the cash or best offer gets it !! although, i typically buy high and sell low...not by design but i have perfected that practice more times than i want to admit to !

to the victor goes the spoils....enjoy the ride ! thrash it, bash it, or just give it TLC and you will recover your investment with many smiles to the miles. to those that lost, oh well....i have won and i have lost in deals, it just depended on how fast my checkbook got there before someone elses did !!

bill.

TButtrick · #78 (**permalink**) 03-17-2004, 04:07 AM

After reading my past post, I realize that I came across as sour grapes. I'm simply not that way and I apologize. I have no problem with the way the deal went down and I wish Ernie the very best with his new ride.

I guess I was left with the "geez... I could of had that thing for $25K..." feeling but the reality is that this wasn't even close to the type of car that I want to own. It went from a quick flip at $25K to trying to justify owning the car for some period of time at $35K.

Best of luck Ernie.

Doug Axelrod · #79 (**permalink**) 03-17-2004, 05:30 AM

The difference to me is that if someone offers something for a particular price, he should honor that price. Period.

If the item is simply offered for sale, the price can move with the bidding. In this case, the seller did not honor his offer. He ended up with more money, but at an ethical price and loss of personal credibility. Maybe that doesn't count with some. It does with me.

My four cents (but I'll take five).

GeorgiaSnake · #80 (**permalink**) 03-17-2004, 05:57 AM

This hurts but - I have to agree with Turk.

Sounds like Ernie got a deal because he was quick to pull the trigger while everyone else was checking whatever it is they check. Think risk and reward for a moment.

I had a problem with the method the seller used until I thought it out. Billy Bob calls and says he will take it at $25K (with visions of flipping for big $$) and starts walking - Ernie calls (with visions of smoking tires) and says - hey I want that car and will pay you $35K sight unseen. Ernie swims faster than Billy Bob walks so he wins.

America at its best - way to go swimmer.

Randy