guidance from vegas / barrett jackson

[Payton King]

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.

[Vegas69]

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

[buickfunnycar.com]

Originally Posted by Payton King

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.

[camcojb]

Originally Posted by musclecarjohn

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

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

Jody

[GregWeld]

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.

[GregWeld]

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]

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.

[GregWeld]

Originally Posted by 70rs

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.

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]

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

[ProdigyCustoms]

Originally Posted by GregWeld

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.