Emergency Sale

[Turk]

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