Wanted: Detail Shop recommendation for single stage paint
-
Bittersweet man, glad to see it go in such great condition. It's legacy will live on!
-
Question: How do you know a salesman is ________?
Long story short, the car is NOT sold. I got a call some two weeks after going in to sign the paperwork, title, etc that was supposed to be "come pick up your check" instead it was " there's a problem". Now I have a car setting over there on a signed (open) title and no insurance with all the spare parts including a minty set of wheels in the trunk.
Yes, I did specifically ask if there was any financing involved that might cause the deal to fall through and I was assured there was no financing involved and it was a done deal.
-
Not exactly a storage fee. There was a $400 fee for them to do the walkaround video and IMO not very good pictures and then do all the listings. That's for a 3 month term, then if it doesn't sell, you can re-up for additional 3 month terms for no charge for up to one year. You can see the pictures on the Gateway Classic Cars Milwaukee website. They were taken indoors under sodium lamps, flash wash out, let's zoom up on the one rusty bolt that the car has, etc. No mention in the ad of it being a factory sport package, etc.
There's no need to comment on their asking price, not my idea and that's their procedure.
I don't know if it has 100% fallen through but I was told the 30-day buyers contract expires next week, I don't know if they collected a deposit.
My plan it to Bring A Trailer it if this doesn't work by next May or so.
-
The exterior photos aren't ideal but could definitely use better lighting and angles the interior photos are shit though. I can't believe these guys llet this fly. They're not doing the car justice.
-
selling your car on consignment is not much different from buying a car from a used car lot - you gotta deal with the damn salesmen. that business just attracts those lie-though-their-teeth kinda guys, no matter which end you are on.
wish you had better luck.
Dan
-
-
Thanks, eh.
Needless to say it's still for sale at the consignment place. They have it priced in the stratosphere but insist it's priced correctly. I wanted to argue with them but a US spec '82 320is recently sold on BaT for like $35,000. It was a nicer car than mine but who knows. E21's selling for more than $10 or $15k?? The world has officially gone crazy.
-
Thanks, eh.
Needless to say it's still for sale at the consignment place. They have it priced in the stratosphere but insist it's priced correctly. I wanted to argue with them but a US spec '82 320is recently sold on BaT for like $35,000. It was a nicer car than mine but who knows. E21's selling for more than $10 or $15k?? The world has officially gone crazy.
seems like there is no real reason to do anything but just sit on the car forever waiting for the value to 'rise'.
do you have this for sale privately, at the same time? you have the photos now, and you paid for them, so you should use them.
Dan
-
No. The contract is pretty clear about having it for sale "on the side". Basically if you pull the car before the contract is over, you owe them the commission. They also have a clause that if you sell it to someone who saw it at Gateway after the fact, you owe them the commission. Not sure how they would ever enforce that.
I just signed up for another 3 month term with them, which doesn't cost anything. It it isn't sold by May when this three month term is over, I will probably yank it and send it through BaT.
-
No. The contract is pretty clear about having it for sale "on the side". Basically if you pull the car before the contract is over, you owe them the commission. They also have a clause that if you sell it to someone who saw it at Gateway after the fact, you owe them the commission. Not sure how they would ever enforce that.
I just signed up for another 3 month term with them, which doesn't cost anything. It it isn't sold by May when this three month term is over, I will probably yank it and send it through BaT.
i'm not advocating breaking legal contracts, i'm just curious on the actual law and enforceability of the consignment contracts - considering the item is your property. if you'd want the car back, lets say for a legitimate reason like you've suddenly landed a new job and had to move in one month, I can't imagine they could legally make you pay the commission to get your car back.
is the commission a percentage of sale or just $xxx dollars over the minimum sale price? if you really wanted it sold and broke the contract by selling privately, but only sold it for $50 over that minimum price, is that all you legally owe them?
also, if you don't feel like divulging answers to financial questions, please feel free to tell me to kick rocks.
Dan
-
Not at all, I greatly appreciate any and all input about selling this car. I have a tendency to just give things away to get rid of quick and move on. Unfortunately, in my current situation I can't afford to do that with this one so thanks for taking the time.
Their contract states the commission is to be a MINIMUM of 12.5% of the asking price or $2500, whichever is higher, so in this case $2500.
I went into this thinking that I needed to store the car anyway since I already bought something else (non BMW
) and my garage is full. If they could sell it for what I needed to get out of it, then great, if they couldn't, then I just got 6 months of heated indoor storage for $395. -
Update...
They sold the car a few weeks ago and ended up netting me $500 more than the last time they "sold" it and things fell through. Yes, I actually got paid for it and everything. Somewhat unbelievable given we are in the midst of the coronavirus lockdown but they did it. I don't know where it's going.
I still have the MT 328i e92 so y'all won't be getting rid of me that easy.
Later,
Wally
put it up on Bring A Trailer!
Hello! It looks like you're interested in this conversation, but you don't have an account yet.
Getting fed up of having to scroll through the same posts each visit? When you register for an account, you'll always come back to exactly where you were before, and choose to be notified of new replies (either via email, or push notification). You'll also be able to save bookmarks and upvote posts to show your appreciation to other community members.
With your input, this post could be even better 💗
Register Login