What personal plates should Klink get for the new 365 GT4 2+2?

Its to nice of car in the cosmetics to not get correct .

 

The correct CW&P and send it to Marc who will then fit it to the recond 400A diff,yes.
I have to pay Marc to fit it.

 

Its great that the dealer came good but its a shame the previous owner fitted the incorrect diff in the first place.

Like you Steve with your F355, before I sold my Aston, I had every known fault rectified, even though I knew I wouldn't recoup the costs.

I just couldn't sell it in good conscious otherwise.

I even sold my car through Brooklands and had it realistically priced for a quick sale. The opportunity cost of money reinvesting was too high for me to wait for someone to pay for its worth.

I know we have 'caveat emptor' but it says a lot when a seller moves a car on, knowing the faults and not informing the buyer of the faults - because we know even the best of PPI's can miss faults that should otherwise be picked up.

Just to be clear - if Simon bought a car and the diff blew up due to an undetected CWP fracture, well that is caveat emptor (if past any warranty period) but when the car is sold with an incorrect diff and the vendor (or the party that paid the agent to ultimately sell it)was aware of this, well that isn't quite ethical is it. Or at least to me.

As a Financial planner, I have a legal obligation for FULL DISCLOSURE of any product costs and ALL fees earned - every benefit and risk associated with any products we recommend has to be fully disclosed as well. If there is a failure to do this, its an automatic breach - and the client is entitled to a full refund and compensation for any losses suffered.

If we miss a deadline for any promise in a Client Service Agreement, the client is entitled to a refund - this has made Covid 19 a very stressful period for the industry. Imagine being able to claim a refund from a mechanic for not completing a job on time, even though the parts weren't delivered to him on time to complete the job.

Imagine if car dealers - or any other profession for that matter - had to fully disclose every dollar they made on a deal to the buyer.

 

How do you know the previous owner fitted the incorrect differential?

It's pretty easy to work out what people make or lose on deals, the motor trade included. Why is this important? The amount of money made is irrelevant to the quality of the vehicle.

From what I can tell, Simon's experience speaks volumes as to the reason you'd buy from a dealer. Car retailers come in for a lot of criticism, but oddly, they're usually the first place automotive clubs and associations lean on when looking for support and sponsorship for their events.

Financial planners and their antics (particularly regarding trailing commissions) copped a lot of flack and the industry was cleaned up because of it. Not sure how this is relevant, unless you're promoting yourself as the high priest of ethics.

However let's imagine I run a business and I spend until I've run out of money. Instead of bankrupting the business, I simply print more money to spend my way out of it. Well, welcome to the Labor party.

 

RE: Differential - I don't but you'd go on balance on probabilities given most cars seem to be sold on commission of some sort. As in my experience with selling my DB7.
RE: Deals - its about transparency, symmetry of information etc - btw, if you read my post, I'm advocating for the individual to DO the right thing and not finger pointing about any car dealers. Please correct me otherwise! If I use your argument, the amount of fees made by a FP is irrelevant to the quality of advice. And that is correct - until it isn't.
RE: Financial planners - if you actually read my post Carl, I was talking about the level of transparency and obligations required by law - in the area of FP I'm in, we never took trail commission as we don't specialise in insurance or lending products. Again, I'm not promoting myself as the high priest of ethics. I just talked about what happens in my industry due to the overzealousness of the legal system (governements, lawyers and judges).
RE: Printing money - Hmmm. Its a policy available to states with sovereignty over their currency. Like any tool, it has its strengths and limitations and you must use it accordingly. Last I looked, the Liberal party did a darn fine job printing money.

 

As Carl certainly knows and Rennie should know if you've followed this thread,there were two issues with the diff.

1: It was an incorrect RECONDITIONED diff knowingly fitted by a Meb workshop with the then owner knowing this.
2:IThe car was misrepresented by the dealer I dealt with,irrespective of what a banned and a couple of other members on here reckon.

The original ratio is literally rocking horse poo..you have to get a set made.
The previous owner was wealthy enough to have done this and why he did not is extremely odd...he completed about 250klm (incorrect reading btw due to the wrong ratio) before he traded it and another car in.

With the car delivered to Jon in Bris and me driving it back it was obvious it was wrong and then the diff started to fail .

GTO and the dealer were notified of the pair of differences/failings.

The Melb workshop were instrumental in providing me with all the relevant and very important information...thank you Dixon @ Intermarque.

GTO were/are exceptional in theiir response and recovered the failed diff,reconed it and sent back in about 2 1/2 weeks I think,no questions asked.

The dealer dithered somewhat but in the end, I believe,realised the amount of misrepresentation and have come to the party..it's a bit unfortunate GTO were so efficient!

 

Any of us who have driven one of those Ferrari's on the open highway over long distant , know what a great touring car they are .

And to see the issues you had on GAD would be well aware of the poor match up of the diff ratio to the 5 speed gearbox.

We all look forward to it being correct for the next GAD/GG adventure come 2023..

 

@metoo

 

So Simon, I was correct then - all I said is that its a shame the job wasn't done right in the first instance, especially since so much of the car was done right.

No-one doubts the overall excellence of the car bar the diff.

Why is comprehension so hard around here?

 

On our run we can get some weight out of the Jag and put it in the Prawn van if you like .

 

Sounds like a plan.

 

You probably cant say this Simon but did CTS know the car had a 400i Auto diff when they were selling the car?

Was there an invoice in the history showing a 400 auto diff being fitted, implying they should've known?

Anyway, it doesn't matter - your 365 will be back on the road soon, better than ever! And it looks an absolute peach.

 

....and the noisy gearbox,detected by Marc as it idled in his driveway .and the revelation by I/marque that the g/box was swapped for another one about 14 years ago.... the non working LH window motor...and the lack of full history as purported in one of the advertisments.....

 

So what is this Carl?

Mischievous again?

 

He's off his meds

 

Argh - I recall the LHS window motor (surely a relatively easy fix?)- and I now fully comprehend your gearbox issue but the complete history isn't so complete either?

What a head f*@k!

As Carlotta so amply demonstrated - does anyone play and shoot straight?

 

P.S

btw CJ, I talked about the compliance laws in FP because if you know something that will materially affect someone's decision to purchase a product and you gain from that knowledge, then you have a moral (and now legal) obligation to disclose that information. Disclosure is everything - because if you disclose that information, you protect yourself

Its that simple!

And as you demonstrated with your mischievous post, people cannot be relied to be honest. Thank you for proving my point in the best way possible.

 

Not Wes looking at the GG score card…

 

and CJ, lets catch up for coffee soon!

 

Touche!

 

My wife was a financial planner. Through a stupid email error by her boss she discovered he had his hand in a number of elderly people 's accounts - about $600k missing at a quick glance. 3 years later it is still before the court and I believe the figure has hit $15 to $18 million (not that all matters will be dealt with, a lot of dead victims). A lot of good guys in the industry but also a good number of scoundrels.

 

Normal start off point borrow on the accounts for a deal ..it falls over than they chase there tail ..always end in tears , I lost well over a million some 22 years ago and half equity in 8 houses due to a crook..

 

There are some good people - sadly, most charge too much for the services provided (and compliance has made advice even more expensive) and I think few clients (unless HNW-High Net Worth) actually gain from annual reviews. I also think too many people have had nasty experiences with FP and it will take many years before that perception is eradicated.

But you know John, it beggars belief how dishonest people can be from all occupations - from mechanics to lawyers to doctors.

I had a recent automotive experience where I was excessively over charged by about $1000 for work completed - up to this point they seemed honest and very reasonable but I think they had cashflow issues and I got reamed. I can do some work on my car and I know my way round, so I'm no fool - in fact, the work I asked to be completed was something within my competence but I was very time poor due to work commitments. When he tried to justify the cost, I stared at him and told him I understood the work involved. Instead of fighting it, I sucked it up, paid the money and will no longer recommend him or use him. For some silly reason, being a empath that I am, I could see that his business was being squeezed and survival difficult (cars half completed on lifts, waiting for delayed parts and mechanics not showing up to work), hence why I paid. I think I also paid because I genuinely liked him and his work was pretty good and well priced. I guess my point is that when under pressure to survive or make ends meet, people/businesses will cast ethics aside.

I have this code that I must demonstrate to the client that they gained at least as much in financial benefits as the fees paid at each review had they not engaged with us or at the very least show over the time with us, they have gained. Its not always easy given volatile markets but my research is pretty through and I can mount a decent case.

As I said earlier, personally think very few clients gain from annual reviews and by the end of this year, most of our clients will be on an ad hoc service arrangement, which is something that sits well with me. I'm not sure how the business will cope though.

 

I've had the same super guy for around 25 years, always been happy and always worked on a 8% ruturn and I'm happy.yeah he charges but the results are there .

 

Remember, its just not the return but the underlying assets and the risk associated behind those returns that matters.

P.S
I know you are aware of this and so I'm just stating the obvious - I was just outlining this for the other readers as people often compare returns without understanding all the other factors behind those returns so you can make meaningful comparisons.