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-   -   guidance from vegas / barrett jackson (https://www.lateral-g.net/forums/showthread.php?t=23081)

Vegas69 10-13-2009 12:50 PM

Good call Payton, the State will absolutely let you retest.

buickfunnycar.com 10-13-2009 01:03 PM

Oh OK...I got you now.
 
Quote:

Originally Posted by Payton King (Post 240572)
but are you saying....

The car does not pass, BJ pays you for the car and keeps it, they plan on selling it at Scottsdale in Feb?

If that is the case, it sounds to me there is some funny business going on there and they think they can make a good amount on your car.

If they are running it back through and you get the cash, that is a different story.

I have never heard of a car not passing and the state not giving you the opportunity to fix the problem and re-test.

Agreed,if BJ's paying you the $85k and then re-selling in Scottsdale,something does sound fishy to me too.:_paranoid

camcojb 10-13-2009 01:34 PM

Quote:

Originally Posted by musclecarjohn (Post 240583)
Agreed,if BJ's paying you the $85k and then re-selling in Scottsdale,something does sound fishy to me too.:_paranoid

sounds to me that they're confident they can sell it for more at that event.

Jody

GregWeld 10-13-2009 01:49 PM

Sounds to me like BJ is "doing the right thing" -- for a buyer that is no doubt a "good customer" -- and who also has some clout.... AND that they also don't need either the seller or the buyer "lawyering up"...

So let's consider that - they got a fee for registering - and the seller fees of 8% come out of the 85K -- and they probably made some kind of a deal with the buyer... ($$ to buy his way out of taking the car)... so they're not in the car 85K are they.... If they can RESELL the car for 85K even -- and collect another 8% buyer fee....

Let's see anyone out there that can give me 8% return on my money for a 6 month term.

We know they don't have to do diddly to the car - wipe it off and it's ready to go. Pretty safe "bet" I think... and they keep everyone happy... including their CFO.
:cheers:

GregWeld 10-13-2009 01:58 PM

To those that think BJ is doing something "funny"....

Think about this... if they don't go thru with paying Frank for his car... since they dropped the hammer on it... Frank did what he was supposed to do... And they try to get Frank to take the car back.... I'd say Frank would be pretty PO'd... OR...

If FRANK wanted to take the car back... then take on the risk that he gets his transportation (or storage) charges - plus his fees - and expenses - and is able to sell it for MORE (now that he's out of pocket more for all of this) at Scottsdale...

If I'm Frank and was happy or "okay" with the Vegas sale - then he's a happy man - and it's a very small risk for BJ just to make the deal go away. 85K might seem to be a huge number for some -- but I'm thinking that's VERY VERY small potatoes for the BJ folks... VERY small. That - and they may even have a customer that wanted the car and just didn't bid - and that car might already be "gone" to someone. They know LOTS of car people... it ain't hard to make it go away.

70rs 10-13-2009 01:59 PM

So who officially owns Emptynest now? BJ , the buyer or Frank? And who got what and who paid who what? I am TOTALLY confused by how it all went down. If in fact Nevada will not let anyone tune the car to pass smog that alone sounds really odd to me. :goofy:

GregWeld 10-13-2009 02:04 PM

Quote:

Originally Posted by 70rs (Post 240600)
So who officially owns Emptynest now? BJ , the buyer or Frank? And who got what and who paid who what? I am TOTALLY confused by how it all went down. If in fact Nevada will not let anyone tune the car to pass smog that alone sounds really odd to me. :goofy:

From what I'm reading BJ owns the car - is paying Frank - and Frank is hoping to get a promo tour special to do a song and dance routine for the car at Scottsdale...

70rs 10-13-2009 02:17 PM

Ok. Now I get it. Thanks for clearing it up for me Greg.:thumbsup:

GregWeld 10-13-2009 02:20 PM

Too bad I couldn't figure out how to draw pictures on here....
:rofl:

70rs 10-13-2009 02:29 PM

Quote:

Originally Posted by GregWeld (Post 240605)
Too bad I couldn't figure out how to draw pictures on here....
:rofl:

Exactly what are you saying here Greg??:rofl:

Bow Tie 67 10-13-2009 04:33 PM

The no retest sounds wrong. Say I'm the buyer and pissed, I want my car. Now what?

Or, and maybe I missed this, I'm an out of state buyer, and my state lets me drive the dirtiest rotton pig my heart desires now what?

ProdigyCustoms 10-14-2009 11:13 AM

Quote:

Originally Posted by GregWeld (Post 240601)
From what I'm reading BJ owns the car - is paying Frank - and Frank is hoping to get a promo tour special to do a song and dance routine for the car at Scottsdale...

You are dead on Greg

BJ offered me the car back if I agreed to take it to Scottsdale with a Prime Time number. They would cover the shipping, secured storage, all expenses, but wanted me to re run it at Scottsdale. I do not want to do that. I am slightly concerned that it could become "that car" and suddenly does not bring the money because it already sold at Vegas. But then again I must admit I did some sole searching before I made the decision because it might do $200K. But at the end of the day I would **** myself if I waited almost 4 months more and got less money. Going to Vegas was a gamble, going to Scottsdale now is more of a gamble then I would take. I do not want to take that chance as I am happy with the $78K I net.

So they are paying me in full and let the buyer out of the purchase 100% with no penalty.

According to BJ, they CANNOT release the car without a clean emmisions certificate, period. There is no I will take and get it cleaned up option. And the buyer and I talked and he was not willing to chance it passing emmisions later. And he was REALLY affraid of buying a certificate as I understand this could be a huge problem. And with a car that is red flagged already!

On the other side of it, if you watched the auction, it was obvious BJ thinks the car sold for half price, so for them why the hell not take a chance I do know for a fact they were smitten with the car.

Greg is dead on, if I can go sit with it again as the builder and get the promo tour out of it, and get my money, PERFECT!

I know, I know, what if it sells for $250K? No I won't kill myself! I will tell everyoone, see........It was worth more money, LOL! And then for life tell the story of the car I sold for $78K that brought $200K.

fleet 10-14-2009 11:55 AM

So is B-J obligated to buy back every auctioned vehicle that fails a Nevada emissions test?

John Wright 10-14-2009 12:05 PM

Quote:

Originally Posted by ProdigyCustoms (Post 240858)
BJ offered me the car back.

I just read about the troubles at BJ-Vegas.....sorry that you guys had to go through all of that, but it looks like BJ is taking care of you and the buyer by letting him opt out...so that is cool.:thumbsup:

At first when I read over on another forum that there was a mix up and that the car ended up not being sold, I was like.... :willy: what?!!!!! I was thinking it might have been over the left tail light not working at the time of sale or something silly like that.:P

ProdigyCustoms 10-14-2009 12:16 PM

I do not think BJ is obligated to do anything. I think they are doing what is best for everyone involved. The buyer was pretty clear he did not want any emissions headaches. Maybe someone in Vegas can shed some light, but I understand it is a real PIA.

As for the taillight not working, someone knocked the bulb sockets out (or broke the bulbs sockets out) of that side installing the trunk trim panel when disconnectiong and reconnecting the battery. No big deal. But you would think it fricken threw a rod on stage the way some have talked about that damn taillight, LOL! I'll never let that happen again!

Bow Tie 67 10-14-2009 12:32 PM

Frank,

Is this emissions issue only related to the Vegas auctions or others as well? Is BG auctions based out of Vegas? Technically dont the consigners sell it to BG prior to the auction persee.

Matt

John Wright 10-14-2009 12:33 PM

Quote:

Originally Posted by ProdigyCustoms (Post 240875)
But you would think it fricken threw a rod on stage the way some have talked about that damn taillight, LOL! I'll never let that happen again!

LOL....I hear ya man!:rofl:

ProdigyCustoms 10-14-2009 01:00 PM

Quote:

Originally Posted by Bow Tie 67 (Post 240878)
Frank,

Is this emissions issue only related to the Vegas auctions or others as well? Is BG auctions based out of Vegas? Technically dont the consigners sell it to BG prior to the auction persee.

Matt

Don't know exactly what happened. It seems there may need to be a disclaimer is sold in Nevada to neveda resident? Only guessing though, I really do not pretend to understand.

GregWeld 10-14-2009 01:01 PM

Frank --

Never look back look over your shoulder...

There's a saying for this:

I'd rather have a bird in the hand than a bird in the bush


Ask me about the 42' Grand Banks I bought in 1990 and paid cash for - because I'm a debt adverse kinda guy - and I sold MSFT stock to do that - figure that boat cost me around 20 million. (not kidding here) -- or the House I bought in 1987 (again paid cash) with our very first MSFT stock option sale which I think would be around 30 million worth of stock at the peak in 1999.

Today - my wife and I laugh at those "transactions" but we don't regret them one bit.

Raised my kids cruising on that boat... put lots of happy hours on her... and ditto the house - which by the way -- was my HOME not an "investment".... it's where we lived and played and had many great meals...

Some of my friends that built MONSTER homes - margined the stock and carried the debt (spelled MILLIONS) on their houses waiting for the next stock split... YEP -- you guessed it... they all made fun of me for being a dumbass sissy... But they're broke now.... cause they owed on the house - owed on the margin - owed taxes when the margin was called - and the stock never split again and sunk by 50%... Now who's laughing?

Woulda/Shoulda/Coulda? Not me buddy - not me... Car was sold for a number that made you happy - Bring down the gavel! SOLD IT SOLD IT SOLD IT... Movin' on.

:woot:

GregWeld 10-14-2009 01:20 PM

Quote:

Originally Posted by WaterCooledNelds (Post 240869)
So is B-J obligated to buy back every auctioned vehicle that fails a Nevada emissions test?


I don't know the "rules" about Nevada sales - but I do know that SILVER AUCTIONS mentions the smog rule several times during their auction at RENO...

They say something like - "this car is not for sale to a NEVADA RESIDENT so unless you are a dealer Do NOT bid on this car. This car did not (or will not) pass emissions"

Going from memory here on the wording - but I have heard it enough that I am pretty dang close! I've NEVER heard BJ auctioneers state this though... so no wonder they got "in trouble" here!

buickfunnycar.com 10-14-2009 01:32 PM

Quote:

Originally Posted by ProdigyCustoms (Post 240858)

So they are paying me in full and let the buyer out of the purchase 100% with no penalty...

That right there tells me BJ knows the car was underbid and thinks it'll bring big $$$ @ Scottsdale.
Normally,they are far less accommodating...:yes:

GregWeld 10-14-2009 01:45 PM

BTW --

Before any of you get any "ideas" about what I wrote earlier....

The HOUSE I bought in 1987 -- was $177,000.... That's right... One hundred Seventy Seven Thousand....

MSFT went public in 1986.... and the stock in '87 was "no big deal" (YET!) and it went up about 6000 PERCENT.... that would be AFTER I sold some... :lol: :lol: :lol: :lol:

Now, where's that dang crystal ball I was looking for....

Bow Tie 67 10-14-2009 01:47 PM

Quote:

Originally Posted by GregWeld (Post 240903)
BTW --

Before any of you get any "ideas" about what I wrote earlier....

The HOUSE I bought in 1987 -- was $177,000.... That's right... One hundred Seventy Seven Thousand....

MSFT went public in 1986.... and the stock in '87 was "no big deal" (YET!) and it went up about 6000 PERCENT.... that would be AFTER I sold some... :lol: :lol: :lol: :lol:

Now, where's that dang crystal ball I was looking for....


Awww you just ruined my picture of you in a red smoking jacket and a big stoggie.

GregWeld 10-14-2009 01:53 PM

Quote:

Originally Posted by Bow Tie 67 (Post 240904)
Awww you just ruined my picture of you in a red smoking jacket and a big stoggie.


GOOD ONE MATT!! Your post made my day!!

It started out depressing with a typical grey Pacific NorthWET day here... and finding the FIXSE wheel hdqtrs pretty much "DOA"....

Oh!

Don't you worry your pretty little head about me.... no sir! I just had some crackers.

whiplash911 10-14-2009 04:15 PM

hello frank,

i attempted to contact you via phone this evening and i received your voice mail and the statement about returning from vegas and having a 100 emails and 100 voice mails to return. - so i wished not to add to them but if you would be so kind as to post a time that would good for me to contact you via phone- I thank you

the issue i wish to chat about is project management and insight and guidance - to put it another way - its not an issue of national security- and whenever is doable for you i shall make whatever time concessions need to be made.

thank you

Whiplash911

ProdigyCustoms 10-14-2009 05:38 PM

Still coming off jet lag and dozed off. I will be up late now, LOL! Try me back up til 10PM eastern

crazycarl 10-14-2009 06:44 PM

Frank, glad to hear that everything is working out ok with this transaction and that maybe it will work out to more business in the future. Empty Nest was definitely a well built car. I was impressed when I saw it at Columbus in 2008.

Regarding emissions: My dad lives in Vegas and when my 69 El Camino belonged to him he had to jump through all kinds of hoops to get it to pass emissions. For instance, it has a 454 but no smog pump. All factory emissions components are required for whatever engine is installed so he would have had to add one. However, the 396 equipped El Camino did NOT have a smog pump.

When the car came from Vegas to Sacramento I scratched my head over why he put a 396 sticker on the air cleaner for a solid half hour before calling him and asking. They smog techs don't bother with engine numbers, the sticker was good enough and it passed every time.

~Carl

camaro2nv 10-14-2009 07:07 PM

Man to think I thought Cali had tough smog laws. Frank sent you a email a few days ago. When you get caught up shoot me a email. Im sure you've seen the pics but the Pulleys and brakes calipers came in, installs went well:unibrow:

ProdigyCustoms 10-14-2009 07:47 PM

Whiplash and I had a long talk tonight, look for something exciting coming soon

whiplash911 10-14-2009 07:53 PM

Quote:

Originally Posted by ProdigyCustoms (Post 240998)
Whiplash and I had a long talk tonight, look for something exciting coming soon

and i thank you for the time tonight frank it was a pleasure (and thanks for the kind words about empty nest being so wrong for me :D ) - hope i didnt keep you away from your dinner to long - cold tails are a bitch :yes:

meanwhile .... ill have that double tequlia on the rocks and let the gears in my brain bounce of the chip in 6th gear for a while and study part catalogs.


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