SOLD! and Thank You.. | Page 3 | FerrariChat

SOLD! and Thank You..

Discussion in 'LamborghiniChat.com' started by roytoy2003, May 8, 2012.

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  1. roytoy2003

    roytoy2003 F1 Veteran

    Jul 30, 2004
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    Roy L. Cats
    I can speak from experiance..this $183K is a "Starting point"..

    Lets add to that, shipping, unless he lives across town, add $2-$2500 enclosed, then new road worthy correct date tires $3k...and of course the first time I ever see an estimate of $10k for work STAY at $10k..I will fall over..I automaticaly DOUBLE any estimate I have..and 99% of the time, it turns out to be just that...if not more..so now we are at
    $199K..

    And with out knowing ALL the history of this car..original to what point, miles, history, tools, books..service history etc etc..the now base of $199K can easily go over..so the starting of (2) for a well sorted correct DD is well with in reason.

    Of course these are my views and in no way should be taken as a posative or negative of this mistory DD as I have no first hand knowledge of it and the very very limited info of it posted to date leaves all of this a "experianced educaated" guess..either way, congrats to the new owner..they are wonderful cars...after all it is a Lamborghini!
     
  2. joe sackey

    joe sackey Five Time F1 World Champ

    May 23, 2006
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    Exactly.

    And until a deal is accomplished for my client, so shall it remain. Then it will be shared with all on the Countach thread, as always. Business before pleasure.
     
  3. joe sackey

    joe sackey Five Time F1 World Champ

    May 23, 2006
    57,525
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    Agreed. Most don't.

    FWIW, seller is quite happy with his number, is doing well at that number, is fully exposed to the internet & the market, and QV DDs have sold for less in the past year. Case in point the nice car in Canada.
     
  4. Peter K.

    Peter K. F1 Rookie
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    Jan 9, 2004
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    What is it with you and those sour-ass rants?
    You totally mis-interpeted my post.
    You made virutally nothing on the car 165+75=140=3k to ship=5g's left.
    If you made 45k, I would say that was a smart business move.
    The red car that bought cheap and flipped/sold for double had a few members disgruntled. Me, if you recall, I said he did exactly what he was suppose to do.

    Your rant is irrelevant to my post... Joe is a 5% guy and since the owner was happy to let it go for 165, the new owner is very lucky to deal with Joe because most people would have jacked that up big time or at least try. It seems Joe is bound by his 5%.

    And that is not aimed at you. I have seen many times that you have sold for a very reasonable profit. ALL that I know who have bought from you (that would many) have nothing but postive things to say about dealing with you. You may be a nut on the message board but apparently a pleasure to buy from.

    From business owner to business owner....don't tell what you pay for your product. Yes reveal what you spent at Evans or the such, because that keeps it interesting and desirable. Business profits should always be private. So don't reveal what you pay.
    Now I know you are going to come back and say "oh God forbid I get scorned for being honest and up front, not to hide anything".
    It's not about that.
     
  5. roytoy2003

    roytoy2003 F1 Veteran

    Jul 30, 2004
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    Roy L. Cats
    @ Peter and the rest of the viewing public here..I am sure their are many that view my comments as "Sour Ass' as their are many that enjoy my posts..I want to thank you Peter, for FINALY opening the can to the nits and grits of this "on-going" teenage girl pillow fight that most see between Joe and I. SO here it goes, it will be long..but I will start by saying, tke it for what it is..it is not meant as a swipe at Joe, Other Dealers, Flippers, owners, etc etc...however the I have placed myself out here in the Public view and readly accept the pros, the cons as is expected in such high profile postings. The ONLY thing in all of these posts that MOST of the NON posters can relate to is the Joe VS Roy Saga. But in Reality it has NOTHING to do with Roy or Joe, it has to do with a business plan and how it is ran and conducted. So now that I have laid the ground rules as this is not a personel attack, but an education, as I see on the way two people do business and what their goals are....

    Peter, I have no idea what you do for work, if your an employee, own your own, a sub contrator etc etc..so I cant speak what you do or dont do in your life...but I do KNOW mine and I KNOW Joe's, because we have both posted are business methods here..

    Roy, a Dealer, not a broker..what does this mean..I buy my own cars..I make them to the best I can, I sink my OWN money into them and hope for a posative outcome, meaning I make a plus at the end of the day. I apy dearly for my license, my bond, my 5 million Dollar business liabilty insurance, I have a brick and motar building, I have employee's that get paid, I have costs upon costs that all get factured into a sale..with again th hope of aposative in the Black at the end of the year.

    I HAVE No choice, if I wish to stay in business, but to back what I sell. My actions are my business. As you said, there are moany that have been very happy with me and are a posative transaction. BUT there are also those that have had an issue with a transaction, which is always after the fact. I could easily say "Sold as is" have a nice life..but I dont work that way. I have had cars that I sold come up with an issue after a sale, no secret. BUT is is the WAY I take care of the "after sale" issue that makes me stand out and a pelasure to buy from knowing your purchase is secure. I stand behind everything I sell, to the point I will take a LOSS if it means making the customer happy. Its happened in the past and I am sure it will happen in the future. The car was BOUGHT from ME, I did not broker it for a "Facilitaed" fee.

    I have in very rare cases, "facilited" a sale and I STILL treat that sale as if I OWNED the car at the time of sale and it STILL carrys all my backing..ONLY becuase the buyer is NOT buying from the seller, he is buying from ME Roy Cats of CATS EXOTICS. It also carrys all my insurance backing, my bonds, my protection as a Licensed Dealer etc etc...regardless of a SALE of my cars, or a "Facilitaed" sale..my profit is what I end up with at the end..it is NOT a guaranteed pct of 5% of 10% or whatever..it is a NET after all costs..sometimes good, sometimes thin and even times at a negative...with a hopeful Black amount at the end of the 12 month fiscal period.

    So, this does not mean Joe's method is bad or flawed..not at all, it is different and works for folks dealing with his business plan..if not I dont think he would still be around. So there is validation to his bussiness plan and its operation. BUT it can not be compared to my bussiness plan or the way I do operate.

    I HAVE no guarantee to make a posative on EVERY sale..Joe does, no matter what the amount of the sael, how it goes etc etc he is GUARANTEED his 5% as he has stated her mulktiple times. Yes, he has stated that he "works" with both sides at times to "Facilitate" the sale to a posative outcome..but there is no risk in his actions..even if he "facilitaed" a Deal for ZERO...whcih he could not feed his family with, he can never go in the negative..he has nothing to go in the negative with. He did not own the product. I know there are times he has bought and sold his "own" products, but I am sure they have been far fewer then the "facilited" products and have been a for sure winner from the start..as they should be and he should, as all of us, be rewarded for our efforts. Nothing wrng with that.

    But, lets get REAL here..at the end of the day..the RISK of monetary loss is no where near the same as Joe's business as it is mine. In the past few months we have seen this clear as day, starting with this Blue DD and his first "Facilitation" of it with Tony and Mr Avery Alexander, which he and Tony BOTH secured $10K facilitation payments in the trade of the vehicle which neither of them owned. The in-suing issues after this sale may or may not have been taken care of between the "facilitator" and the buyer..(there is two sides to the story of course and I am not a Judge, so I cant pass the final Judgement), but the point is, REGARDLESS Joe is STILL 100% whole with his "Facilitaed" figure...more power to him and glad it works.

    Then we take the same example of sale, I am still on the hook..and I am glad to be on that hook..my profit was based on my money, my work, my statements and promises..my writings of my add..my words and promises. The car is now sold..I did NOT clear the same amount as a "facilitaed" sale of the same car a year prior...but I am HAPPY. But I stillback the car 110%. If Kirk calls me once the car arrives, has an issue with it, does not like..whatever the case...I still Deal with it, going as far as to tell Kirk and all others that have dealth with me...dont like it, did not arrive as I described, whatever..FINE send it back for a FULL REFUND, no questions asked..NOW, point BLANK do you think a "Facilitator" can do that..or more important WOULD do that with his own money..I dont think so..but if he can or would back all the cars he "facilitates" with his own money..then I respectfully appluad him/her.

    We can even use todays latest sell of a DD by a "Facilitator", no risk, none of their own money, but a GUARANTEED pay out of 5% is achieved. Congradulations...all the best to you. BUT what if the car arrives to the new buyer with issues..is the "facilitator" taking the car back without question..or is it going to be left up to the seller and buyer to work it out...with I am sure the "facilitator" trying to bring it to a happy resulution between both parties..but push comes to shove..WHO is taking the car back and making the refund..?

    I want to make it clear, this in no way means Joe is bad, does anything illegal or wrong..it is just a description of two totaly differnt forms of doing business..and I respectfully submit two differnt ways for a possible buyer/seller to do bussiness when it comes to buying and or selling their vehcile. Each works for some and each works for none.
     
  6. joe sackey

    joe sackey Five Time F1 World Champ

    May 23, 2006
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    Peter: I'm very happy with my business model, it works, & I spend my time developing it. If I make a post, it is generally to impart useful information.
     
  7. V-TWELVE

    V-TWELVE Formula 3
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    Jan 1, 2007
    1,800
    Vancouver, BC
    Wow! After reading that I see how Joe's business model is very smart. With his unrivaled knowledge of the product and market along with no overhead and limited risk it allows him to bring a buyer and seller together with really no bias to one or the other. He offers his knowledge to both parties and brings them together to agree on a deal and in return is compensated 5%. He has turned his wealth of information and passion into a successful business and for that I applaud him. The way he is always classy and cordial in his posts tells of a man truly enjoying his work.
     
  8. joe sackey

    joe sackey Five Time F1 World Champ

    May 23, 2006
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    THANK YOU. There is nothing more I can add to your post.
     
  9. Peter K.

    Peter K. F1 Rookie
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    Roy, well written and well explained. Thank you.
     
  10. joe sackey

    joe sackey Five Time F1 World Champ

    May 23, 2006
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    David:

    Sorry I missed your post. This car was immediately spoken for and will be going into a private collection. However, I am in discussion with an owner on at least one possible car for you. Please send me an e-mail for details.
     
  11. joe sackey

    joe sackey Five Time F1 World Champ

    May 23, 2006
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    Christian, ditto my post for David. Let's catch up on the phone. Hope you are well!
     
  12. Olivier NAMECHE

    Olivier NAMECHE F1 Veteran

    Aug 18, 2007
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    You should have called this thread the "Broker & Trader coffee & wine table"...
    I don't know if it is correctly translated from French... but I'm sure you understand what I meant !
     
  13. geno berns

    geno berns F1 Rookie

    Oct 26, 2006
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    Joe-

    Exaggerations? I think you missed the point. I was not comparing the two (Countach and the Picasso). I was referring to the number that must be sold to establish a market. Even a real estate appraisal will base the value on the highest price point achieved if the subject is similar.
    Roy's car was not a perfect car. He indicated that there were some cosmetic flaws etc... Therefore a value of $275K or $25K more than what Roy sold his car for would be reserved for the very best or perfect cars. The price point for the car you brokered yesterday seems to be a very good price. However one would need to invest $100-125K+ to bring it up the best category status or the $275K+ mark.

    By the way the $10K figure you often refer to for cosmetic face lift a certain car may need that you're describing may be fine for some, but when you get "in" these cars, $10K becomes just a drop in the bucket. Classic Coach charged the previous owner $39,400 for a high end respray of my car (disassembled the entire car). Roy plowed $70K+ into what was mostly mechanical work in order to get his DD ready for sale. The $169K DD you brokered sounds like a nice car, but you indicated that is was very original and nice. Nice does not sound like a prefect car. I believe if there was a restored DD for sale now, knowing the costs involved in getting one to a concourse level, my initial valuation of $275-$300 for the best cars should be very realistic.

    Geno



     
  14. Peter K.

    Peter K. F1 Rookie
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    Very realistic or not, someone with very deep pocket would being willing to overpay to say, or to know, they have the best DD in the world. But, best original or best restored........
     
  15. roytoy2003

    roytoy2003 F1 Veteran

    Jul 30, 2004
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    A little info to add to the recent transaction. AT the time of sale/negotation, there were two possible buyers discussing the car with me...BOTH buyers were advised of a negotiated price..in all fairness, I advise BOTH, Kirk as well as the other possible buyer that until a deposit was recieved, the car was for sale.

    Kirk supplied the first deposit and followed through with the purchase in a timely and pleasent maner, Thank You Kirk.

    The second possible buyer, which Kirk can confirm as I forwarded him the e-mails, asked me to aske Kirk if he would re-sale the car to him at a increased price instead of taking delivery of the car, Kirk declined, after all it was his car at this point, awaiting shippment out.

    The second possible buyer has since increased his offer TWICE in two seperate e-mails to me, (forwarded to Kirk). I think Kirk is happy to know his car is of more value then he paid for, while it has yet to ship out to him...

    NOW, of course this is a no win situation either way on this car..no matter what..

    Had it sold at 200K..it would have been I told you so all over the place..had it sold for 285K..which it easily could today...also the comments would still remain..no big Deal a freak sale price..I guess we just have to understand that there are at least three "freak-price" people out there that think its worth the money.

    I am just happy I bought the car, brought it to its excellent condition, was able to enjoy it for a while and now it goes on to another great person to enjoy it as well.

    I also have no second hesitation thoughts this car is EASY a $300K car in 12-18 months..but I guess we will all have to hold of "Dying" for this period of time to see what happens...??
     
  16. kmeighannj

    kmeighannj Formula Junior
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    Feb 21, 2006
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    Yes, I confirm what Roy has said.
     
  17. sbpwjm

    sbpwjm Formula Junior

    Nov 16, 2007
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    Congrats Kirk! If that isn't a good reason to go to C&C I don't know what is!

    Many years ago I made a model of a Countach and painted it... not black, red or white.. it was blue!

    Best of luck and enjoy...
    Scott
     
  18. Hawkeye

    Hawkeye F1 Veteran
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    Sep 20, 2009
    8,177

    Joe, like you, has reputational risk. That reputation is on the line every day. I wouldn't say he has a no risk business model. Joe is very forthcoming and wants the proper transaction for his clients, not simply a facilitation fee. I think you simplify his value proposition a little too much. Joe will help clients avoid a car (and his fee) if it's the wrong car. That's why I like Joe and will continue my relationship with him. Trust.
     
  19. joe sackey

    joe sackey Five Time F1 World Champ

    May 23, 2006
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    Geno,

    I am not sure how much experience you have had restoring, reconditioning or refurbishing Countachs in particular.

    In my humble experience with the cars, I have owned a few which needed nothing at all. But, others needed varying degrees of attention from complete mechanical & cosmetic restorations to moderate reconditioning or refurbishment. Rest assured, I have a preference for cars in great-to-perfect condition, so the goal remains to come as close as possible. The sums involved range from $2,000, to $138,000. The point is, I have some personal experience as it relates to how much it might cost to bring a Countach up to perfect condition, and I hope you are assured that an estimate I make on what one might might need is realistic for that particular car.

    My specific experience relates to these particular Countach that I owned:

    Countach LP500S 12515 - complete ground up restoration, engine rebuild, gearbox rebuild, suspension rebuild, brakes rebuild, full repaint.

    Countach LP500S 12562 - partial repaint, engine rebuild.

    Countach LP400 1120192 - partial repaint, engine top end rebuild.

    Countach LP400S 1121034 - suspension & brakes rebuild.

    Countach LP400 1120110 - partial repaint, partial interior refurbishment, engine rebuild, gearbox rebuild, suspension rebuild.

    Countach LP400S 1121036 - carburetors rebuild.

    Countach LP400 1120056 - partial repaint, partial interior refurbishment, engine top end rebuild.

    Countach LP400S 1121038 - complete ground up restoration, engine rebuild, suspension rebuild, brakes rebuild, full repaint.

    Along the way, I have learned that by managing projects myself, and finding the right people to perform the work, it is not always necessary to throw vast sums to bring a Countach up to par.

    I happen to know Frank Triarsi's operation (Classic Coach) and George Evans' operation (Evans Automotive) and whilst they are thorough, I can tell you that their work was quite expensive for what was accomplished IMHO, and I am here to suggest that the same results can be achieved for less.

    I would be happy to guide you and share some of my Countach experience with you gratis even though you did not buy your car through me (I do this all the time!), and it would be my pleasure to be a resource to you in aiding you to bring your car up to as close as perfect as possible. You can call upon my assistance anytime.

    Hope this helps your perspective.
     
  20. joe sackey

    joe sackey Five Time F1 World Champ

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    Thank you. Hope you are well.
     
  21. Huskerbill

    Huskerbill F1 Rookie

    Sep 6, 2004
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    So I just saw Avery Alexanders name pop up as the new owner?!

    Good for him! Congrats! Good guy that I remember from my old Wisconsin days. If you need LASIK and are in the Midwest, go see him. He's not far from Road America either.


     
  22. Peter K.

    Peter K. F1 Rookie
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    Like I said, and evident from this other buyer. Those with deep pockets....but their are others that would say "no way".
    I can see 300k next year. As I said, some of us are willing to dish out top dollar for a perfect car. Some have told me that paying an extra 20-40k for a car that they don't have to bother with, but to drive, is worth it. I know a lot of you guys would prefer never to lay on their back in their garage. I agree in some ways.
     
  23. Peter K.

    Peter K. F1 Rookie
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    Well understood. I think it is well established now that Roy and Joe have a completely different way of working with these cars. Neither is wrong. We know for a fact that both are a pleasure to deal with.

    It comes down to this, and think most would agree, if there is car for sale that I HAVE TO HAVE......I am going to buy it from whoever is selling it, regardless who they are.
     
  24. roytoy2003

    roytoy2003 F1 Veteran

    Jul 30, 2004
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    I, as well, have no mechanical, body or paint work experiance...I have to call AAA to have a tire changed LOL. BUT, I can drive a car and look at it and with in minutes tell you what the issues are and what it needs..I sant do the work..but I know what needs to be done.

    I have seen work done by many first hand, some good, some not so good. I can tell you that the "best" price is NOT always the "best" work. It also is true on the other hand, a large pay out does not insure the "best" work. But continued use of a correct Vendor that provides excellent work on eaxh project every time...thats the ones you stick with and work with IMO.

    It might be helpful, since many are familiar with the 'KNOW" names and service providers if Joe would want to share his "other" sources of quality work at a fraction of the cost of these know service providers..?

    I recall in the past your "Championship" ravings for Gary B in San Diego. He is again Top Notch as well in my book, currently taking care of my 400GT 2 + 2 as well, but his valuable service is at a cost. What are your thoughts of his service/operations?

    There is Tony in FLorida, who I have never had any work done for myself on any of my cars...so I have no "first hand" knowledge of his work, but is another source..? DO you have thoughts on his service ability's as well and pricing structure?
     
  25. roytoy2003

    roytoy2003 F1 Veteran

    Jul 30, 2004
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    Roy L. Cats
    This is a very true statment..as I have grown in the "Dealership" brick and mortor location over the last year...I have really seen that as a "Dealer" you are an option. If you have a car someone wants, they will be in contact with you. After all, these cars are not like a Chevy pick up truck, where there are multiple vehicles and locations that you can contact and negotiate a deal on a vehicle.
     

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