East Coast VS West Coast??

Simple, Yankee's don't trust and can't be trusted! LOL.

 

All very odd. Having a contract/agreement in place at the start of the transaction has to be a good thing for all parties.

-mick

 

Its not all us east coasters, i have no problem leaving a deposit or sending a wire transfer for a car i want , but i had a car for sale a while back and i did have to deal with a bunch of losers, So i cannot answer your question completely , but with your warranty and the way you do business , if they won`t buy from you thats their problem.

 

I'm not a big fan of putting a deposit to have PPI done and resist strongly doing so, for a number of reasons. 1. The fact that I am willing to pay good money to have a PPI done (plust cost of transport to PPI shop typically) in the first place shows I am serious about purchasing the car. Thus, don't think there's a need to provide a deposit as a sign of good faith. 2. I don't take custody or control of the car, so the car is not mine should it be damaged in transit, etc. If the car were to be damaged during this process, the dealer might get the idea that they can keep the deposit. Further, I don't buy the argument that the deposit is needed for insurance purposes. As long as the dealer retains care custody and control of the vehicle, their insurance should cover it. If it is handed to a transport company, their insurance covers it, if it's handed to the mechanic, his insurance covers it. 3. After the PPI is completed is when you can make a decision as to whether you want to purchase the car or not or if price adjustments need be made in accordance with the results. Having provided deposit creates a situation where the dealer controls the return of the deposit and you as the buyer have nothing to hold against the dealer. 4. If it's a dealer I've not dealt with or don't know by reputation, unless I can leave the deposit on a credit card, it would probably cost more to sue to recover the deposit than the deposited amount if the dealer wanted to play games (all you have to do is hang around Fchat for a bit and you'll read horror stories about dealers keeping deposits).

Your mileage may vary and will your opinion.

By the way, I'm a left coast guy.

 

Yeah as a private seller the PPI thing would make me nervous. They could screw something up on your car. Good luck resolving that if the sale doesn't go through.

I'd be fine with driving it there and watching the inspection though.

Is that so unreasonable?

 

I dont think you grasp the definition of a Yankee.

 

Roy

Since it is illegal for you to hold a deposit if the buyer wants it back, maybe you should start telling people that and making it very clear (send the states web address where it states this or a copy of the cited law with their deposit forms). This clarity at the start of the deposit discussion might ease any concerns your buyers may have.

 

10+

 

.................................................,<<<<<<<<<<<<<<<<<<..........i agree , i would be nervous too, We ask for a deposit too at the boat yard , if you do not buy the boat your deposit is returned , its that simple , this keeps the wannabes , and the test riders from wasting your time . If the buyer is serious he will leave a deposit ., unless he is shopping around and scared he might find a better deal at the last second and wants to pull out of the deal without having to explain why? even so he gets his deposit back . If you will not leave a deposit you are not ready to buy that particular car .

 

we had a smooth transaction, roy. but then again, ... i was born in fresno.

 

If you're letting people use a credit card to put down a deposit I'm not sure what the issue is honestly. But I think a huge part for people on the east coast is because you're really far away. It's a mental thing.

 

2 things: and just thought of as I readin gthrough the post.

1)Example: If I was interested in your S2 and wanted a PPI let say from Evans. I pay for PPI, transport and a deposit, happily. I decide it is not the one for me for whatever reason You refund and I'm out the shipping and PPI. Acceptable to me as we should know the risk.
BUT, now you have a PPI in hand from Evans at my expense. You benefit, all your inquires benefit, and the next buyer benefits from my financial efforts.
Roy and buyer=winning.

2)Would it be beneficial for you to spend the money on PPI's prior to putting car for sale? Work out a deal with a reputable place like Evans or Gary B. Work the money into your price and have a PPI present. Telling people you've gone the extra mile and already had it done with one of the most reputable companies in the United States.
Therefore telling people if they have a problem with one of the reputable place, there's nothing else you can do for them...you done everything you can.
Joe schmoe garage in east buttlick is unaccpetable place for you to send a car.

 

I think one reason for a PPI is to get 100% independent eyes on the car i.e. eyes that are not associated with the seller. A seller supplying the PPI undoes that to at least some extent. And regardless of the quality of the pre-chosen PPI shop, I'd still want "my guy" to do the PPI.

-mick

 

+1

 

Out of curiosity why does the PPI go to Roy? Not to knock Roy at all, in fact I've had nothing but positive experiences with him and am fine with his process, but when I send a car to get a PPI I work directly with the shop and they work directly with me. My money=my results. If, at the point you you get the results you choose to share them with the seller it's up to you , no?

 

Interesting thread, this.

It seems I view things very differently, and I actually expect that exception to the rule is the norm. I expect different people from different regions to have different customs, beliefs, expectations, comfort-levels, wants & needs.

Why?

Mostly because I'm selling cars that are worth more than some peoples homes, high-end and rare classic & exotic sports cars, that unlike utility everyday vehicles, are not a need, but purely a want, a whim, a desire.

Accordingly, I do not expect to have a system in place that all must adhere to, so I am not surprised when some don't want to place a deposit. A one-shoe-fits-all approach cannot work here, and I guess this thread demonstrates that very fact. Some people will put down a deposit, some just wont - that's the long & short of it - and in our business this is established. If a dealer cannot work with that premise, they have to wait for another buyer. For me, its never been an issue, if the commitment & means are there, and if an agreement on numbers can be made, and the car stands up to expectation, the car will change hands, deposit or no deposit.

Its all about people, and the my clients & potential clients are about as different as the cars that they desire. Some will conduct the purchase of a car with with utmost caution and an in-depth PPI and without any commitment proffered, whilst other long-term clients whose trust has been thoroughly earned are much more amenable & relaxed about the process. You have to do more for some clients than others, and nurse some people along more than others. That's just my job.

You simply have to be in a position to be flexible enough to accommodate the entire spectrum of buyer along with what they wish, in the business of selling Ferraris & Lamborghinis. I adopt the position that every deal is completely different. IMO.

 

It can be hard to get a 100% independent and also highly qualified PPI.

 

I didnt see it mentioned but the amount of deposit probably plays into it as well.

 

If you are new buyer in the lambo world, I suspect that would be right.

-mick

 

I don't know what "new" has to do with it?

The fact is there are a limited number of qualified people to do this sort of work and the chances of the seller having used those people in the area where the car is located are quite high.

 

Who's fully on the hook if a car gets wrecked en route to a 'successful' ppi?