Found a KR for sale by owner, owner then must have been contacted by a classic car dealer ( I won't mention the name just yet) car then mysteriously re appears for 30K more......I'm just writing it off as bad management by owner,,,,at least be sure your ad is removed before its jacked up 30 grand...smh...
That has happened in the past to me. When I brought it to the attention of the dealership they shrugged it off and said that's business.
I made a fair offer on the car and kept looking elsewhere. I found a nicer car and got it at a high but fair price.
I guess the satisfaction came a few days later when the original shady dealership called wanting to talk price..I guess everyone else was on to the racket... I told him I bought another car already.
I never looked back. Karma as they say is well..
Stubee
I understand its fair market, but he just doesn't sit right...the owner and the dealer, but it is what it is...Karma....like you said....
You can make your best offer with a 7 day (or something) expiration date and move on to the next car.
Seller might come back to you after reading that date, but drop the offer # a bit lower if it was after the expiration date.
Make an offer you are happy with and wait it out.
Somehow, someway it will all work out as it should.
There are so many beautiful cars out there with nice owners. For me that is all part of the Shelby experience. Getting taken on a car would forever ruin it for me and take the enjoyment out of owning the car.
People have treated me the way Carroll would have wanted and I do the same. Walk away from the others.
Might seem a little to idealistic, but kindness and fairness go along ways with me.
I hope you find that right car for you.
OK back to my dreamcar hunt..1967 white GT 500...1968 Acapulco Blue GT 500 KR convertible.. and nice owners.
Stubee
Sometimes you gotta strike when the irons hot too...I vividly remember my Dad looking at a beautiful Benz 280 se 3.5...Guy wanted 8k...Pops hemmed and hawed and when he got back to the guy he had talked to a Mercedes club guy and the price had doubled...No sale....He'll the first Shelby I seriously looked at in 81 which was a 68 kr,I wasn't quick enough...Guy wanted 5500,I made a firm offer of 4800 and went away for the weekend and by the time I came back it was sold for full price...Strangely enough lagging actually worked for me on the car I ended up with...I went for a week vacation on Oahu and asked my Mom to clip any Shelby ads in the local papers while I was gone..Came home to an ad in the local recycler for a 67 got 500 for 6500..However the ad wasn't in the current issue when I got home so I assumed it was sold ...Dear old Mom convinced me to call the number anyways and Bingo the car was still available as the deal had fallen through....6k later my life was changed forever....Booyah!!!
It was a situation where I just stumbled across the owners ad, and then he said it was a a dealers location for storage..yeah right...with a 30K price difference,,,,its all good, what is meant to be is meant to be...things happen for a reason and its good, I hope the seller ( a doctor) gets what he was promised from this "dealer" :-X
Quote from: cutter on April 29, 2018, 05:44:14 PM
Found a KR for sale by owner, owner then must have been contacted by a classic car dealer ( I won't mention the name just yet) car then mysteriously re appears for 30K more......I'm just writing it off as bad management by owner,,,,at least be sure your ad is removed before its jacked up 30 grand...smh...
Just Business................... You should have pulled the Trigger on it when you had the chance.
I guess I don't understand the OP.
Does the original owner still have the car for sale or has he now consigned it to a dealer...or did the dealer "steal" the ad and pics and marked it up $30K?
Quote from: stangman39 on April 30, 2018, 11:04:31 AM
I guess I don't understand the OP.
Does the original owner still have the car for sale or has he now consigned it to a dealer...or did the dealer "steal" the ad and pics and marked it up $30K?
It sounds like someone told the seller that he needs to raise the Price by at least $30K so the owner took down the Ad and reposted it with a higher Price.
Quote from: tesgt350 on April 30, 2018, 11:16:39 AM
Quote from: stangman39 on April 30, 2018, 11:04:31 AM
I guess I don't understand the OP.
Does the original owner still have the car for sale or has he now consigned it to a dealer...or did the dealer "steal" the ad and pics and marked it up $30K?
It sounds like someone told the seller that he needs to raise the Price by at least $30K so the owner took down the Ad and reposted it with a higher Price.
Oh I gotcha. I had similar happen before when I tell someone I'll give them their asking price and they respond saying "the price has gone up, I had it too low!"
Or I love when I agree to buy and work out all the logistics and get a text or email later in the day saying the car has been sold since someone showed up with cash! Happened just yesterday.
I've had many good people keep their word but have had my fair share of a verbal agreement meaning nothing. Often the people who don't keep their word want cash or certified check and don't want to even consider a fast deposit to hold the car etc.
When ready to pull the trigger go to bank with seller,title and car...Give em cash get title signed and bye, bye..done...
Quote from: 557 on April 30, 2018, 12:19:53 PM
When ready to pull the trigger go to bank with seller,title and car...Give em cash get title signed and bye, bye..done...
In a perfect world sure. Not always easy when the car is hundreds of miles away.
Quote from: stangman39 on April 30, 2018, 11:45:40 AM
Often the people who don't keep their word want cash or certified check and don't want to even consider a fast deposit to hold the car etc.
Have fun getting 6 figures of cash out of the bank.
BTW, I believe both deposits and withdrawls of $10K or more automatically get reported to the IRS.
Quote from: 2112 on April 30, 2018, 01:16:33 PM
Quote from: stangman39 on April 30, 2018, 11:45:40 AM
Often the people who don't keep their word want cash or certified check and don't want to even consider a fast deposit to hold the car etc.
Have fun getting 6 figures of cash out of the bank.
BTW, I believe both deposits and withdrawls of $10K or more automatically get reported to the IRS.
Correct about deposits and withdrawals
Quote from: tesgt350 on April 30, 2018, 11:16:39 AM
Quote from: stangman39 on April 30, 2018, 11:04:31 AM
I guess I don't understand the OP.
Does the original owner still have the car for sale or has he now consigned it to a dealer...or did the dealer "steal" the ad and pics and marked it up $30K?
It sounds like someone told the seller that he needs to raise the Price by at least $30K so the owner took down the Ad and reposted it with a higher Price.
[/quote
What I believed is happening, is the owner listed, and I found on a site, when I emailed about it, he said it was in storage in WI...guess who the dealer is now...lol..somewhere in that time frame the dealer probably contacted owner about how much more they could get out of it....so I stumbled on same pics on a different site, but 30K higher...in the meantime owner emailed me back and said car was being stored in WI....even though he was from MI and his ad was from MI...I can understand the dealer trying to make a buck in a specialty market....just makes me even more hesitant to spend that kind of money on a car...but its a free market....just don't buy a green KR from WI. just saying...or at least bring your own vaseline...
Quote from: cutter on April 30, 2018, 02:14:26 PM
Quote from: tesgt350 on April 30, 2018, 11:16:39 AM
Quote from: stangman39 on April 30, 2018, 11:04:31 AM
I guess I don't understand the OP.
Does the original owner still have the car for sale or has he now consigned it to a dealer...or did the dealer "steal" the ad and pics and marked it up $30K?
It sounds like someone told the seller that he needs to raise the Price by at least $30K so the owner took down the Ad and reposted it with a higher Price.
What I believed is happening, is the owner listed, and I found on a site, when I emailed about it, he said it was in storage in WI...guess who the dealer is now...lol..somewhere in that time frame the dealer probably contacted owner about how much more they could get out of it....so I stumbled on same pics on a different site, but 30K higher...in the meantime owner emailed me back and said car was being stored in WI....even though he was from MI and his ad was from MI...I can understand the dealer trying to make a buck in a specialty market....just makes me even more hesitant to spend that kind of money on a car...but its a free market....just don't buy a green KR from WI. just saying...or at least bring your own vaseline...
I see now, this is a SCAM. They still the Ad's and say the Car is in storage but you must Wire a big deposit first. Then you never hear from them again. I see it all the time on Ebay.
I don't think so....I didn't contact the dealer to see if they actually had it....maybe I should have....maybe it is a scam...now you got me thinking..I've seen them on eBay and craigslist, classic cars....maybe good call...
Quote from: 557 on April 29, 2018, 11:16:32 PM
Sometimes you gotta strike when the irons hot too...I vividly remember my Dad looking at a beautiful Benz 280 se 3.5...Guy wanted 8k...Pops hemmed and hawed and when he got back to the guy he had talked to a Mercedes club guy and the price had doubled...No sale....He'll the first Shelby I seriously looked at in 81 which was a 68 kr,I wasn't quick enough...Guy wanted 5500,I made a firm offer of 4800 and went away for the weekend and by the time I came back it was sold for full price...Strangely enough lagging actually worked for me on the car I ended up with...I went for a week vacation on Oahu and asked my Mom to clip any Shelby ads in the local papers while I was gone..Came home to an ad in the local recycler for a 67 got 500 for 6500..However the ad wasn't in the current issue when I got home so I assumed it was sold ...Dear old Mom convinced me to call the number anyways and Bingo the car was still available as the deal had fallen through....6k later my life was changed forever....Booyah!!!
What a great story! And mom!
Well...found out it was all legit, contacted the dealer and yes he said they had sold it for him...I didn't ask anything or get into anything about...just mindful to stay away from this type of transaction in the future, its a little disappointing though...
Quote from: cutter on April 30, 2018, 05:40:10 PM
Well...found out it was all legit, contacted the dealer and yes he said they had sold it for him...I didn't ask anything or get into anything about...just mindful to stay away from this type of transaction in the future, its a little disappointing though...
It sounds like the consignment shop representative told the seller he was selling too cheap . A higher price means more commission for consignment shop and more money for the seller. It seems like a win/win for the seller and consignment shop. It appears from your description to be a above board business arrangement . It is too bad for you I suppose that you didn't jump on the opportunity before the seller got educated. Would that have made you a bad guy if you had bought the car under the market because the seller didn't know any better? I don't think so. By the same token I don't think the consignment shop was a bad guy for educating the seller and getting him more money ether. I do think that it would have been smart to take down all previous lower price ads before a new higher price ad came out someplace else. Just my opinion others may think differently.
Mind posting a link now that its sold?
I feel for the OP. I think people try to over simplify the purchasing process, but it's almost never that easy, especially for 6-figure cars, IMO.
Either way, nothing's worse than having your heart set on a car, only to have things fall through. Period. Yes, I, too, believe everything happens for a reason, but that doesn't mean that it's for a good reason. ;)
Sorry, cutter!
Its all good....I'm an optimist, and I have no problem with either party but agree, bad timing to not remove one post, before instructing
potential buyers to contact dealer, I contacted dealer and they acted like car was sold, maybe its all just a bunch of old ads. you know how some people leave things posted up forever, it has been a learning experience about tothese cars and how people treat each other, but agree, be ready to strike when a deal comes your way, be Leary of something that is to good to be true, and don't sweat the small stuff...things happen for a reason....
You are right about being prepared if at all possible. In my case the deals always seem to happen at the most inopportune time. Best of luck on your search.
Lots of cars out there. I would just move to the next one.
If you are serious about buy a Shelby and want to save Money, CASH TALKS so, start now withdrawing $9K, $8K at a time once a every couple of Days so when you find that RIGHT Shelby, you can offer Cash.
As for cash deposits and withdrawals, check out the Bank Secrecy Act for accurate information...
https://en.wikipedia.org/wiki/Bank_Secrecy_Act
If you don't usually withdraw or deposit decent amounts of cash on a regular basis and then you start doing that it may throw red flags also.
Bank wires usually the best way to go I have found. I also work in banking.
My bank wants 24 hours to 'order the cash in' for the branch over $10K.
How do the car show guys have wads of cash, unless they have been saving it up?
Quote from: Bigblock on May 01, 2018, 11:35:09 AM
My bank wants 24 hours to 'order the cash in' for the branch over $10K.
How do the car show guys have wads of cash, unless they have been saving it up?
Basically, yes. They do a lot of transactions in cash that they bank themselves (as in a safe at home). That works well if you don't need the money in your daily cash flow. It is getting more difficult to deal in cash, and will continue to get harder. I've had dealings at swap meets with gents who have a briefcase with $50K plus. We were at a swap last weekend with approximately 3000 vendors. I asked one of my buddies how much cash was on the grounds....our guess was millions.....
Quote from: OldMil on May 01, 2018, 11:45:45 AM
Quote from: Bigblock on May 01, 2018, 11:35:09 AM
My bank wants 24 hours to 'order the cash in' for the branch over $10K.
How do the car show guys have wads of cash, unless they have been saving it up?
Basically, yes. They do a lot of transactions in cash that they bank themselves (as in a safe at home). That works well if you don't need the money in your daily cash flow. It is getting more difficult to deal in cash, and will continue to get harder. I've had dealings at swap meets with gents who have a briefcase with $50K plus. We were at a swap last weekend with approximately 3000 vendors. I asked one of my buddies how much cash was on the grounds....our guess was millions.....
Most swap meet vendors would laugh at you if you offered to pay by check or credit card.That is why cash is a necessity at swap meets. The same goes with craigs list transactions etc.
For small items on CL or swap meets I think most want cash.
However, I think the people who have a car for sale that say "green benjamins cash only" really limit their pool of buyers.
As it has been said, paying for a higher dollar car with cash isn't easy.
I'm buying one Saturday and the sellers have asked for some cash, the rest I'm bringing in a bank check.
I was offered a 65 Shelby project a couple months back....
The seller had it since the 70's and wanted all in cash...
Very unreasonable....
An attempt to avoid capital gains?
Quote from: capecodmustang.com on May 01, 2018, 12:21:05 PM
I was offered a 65 Shelby project a couple months back....
The seller had it since the 70's and wanted all in cash...
Very unreasonable....
That's nuts! I wouldn't even feel comfortable taking that kind of money over to they guy for fear of what might happen on the way!
Quote from: Shelby_0022 on May 01, 2018, 02:10:33 PM
Quote from: capecodmustang.com on May 01, 2018, 12:21:05 PM
I was offered a 65 Shelby project a couple months back....
The seller had it since the 70's and wanted all in cash...
Very unreasonable....
That's nuts! I wouldn't even feel comfortable taking that kind of money over to they guy for fear of what might happen on the way!
+1
Yes. Apparently many folks carry a big wad of cash and are comfortable... that is not me.
I bought a car a few years ago and the guy wanted all cash (less small deposit vie paypal)... it was less than $20k and yet I was basically petrified the whole day while I had that in my pocket (and I went with a friend as well)
Actually from my experience dealing with "cash" I'm not concerned about whose following me...
I'm more concerning whose following him and knows I'm coming...
Agreed with CapeCodMustang.
Drive your least impressive car, dress very casually, and bring a tough buddy with you for backup. Preferably an off-duty LEO, a cage fighter, or your mother-in-law.
The challenge for some purchases is getting the banks to give you as much cash as you need. Plus the alarms it sets off federally. With all the funny business with forged bank checks and such - higher price purchases have just become a pain and a time soak since your in locations your not familiar with, have an account near and so on.
Plenty of stories - and plenty of possible close calls. I scaled way back in the 90's after I found I was chasing the deal harder than I should, putting me and my family (screwed up once - lucky nothing came of it) at risk. Guess in my younger years the risk was something I did every day at work and this was just an extension of that. But it got to a point where I made a choice to cut back.
Buying and selling can for sure be a circus and risky at times!
I've learned a lot over the last 10 years. Once a seller took me for a small deposit...found out he did the same to others...he was a scammer...CA PD did an amazing job and the guy went to jail and is on probation and I've actually received some small restitution money!
One of my favorites is a guy who drove from AK with his buddy to me...no a decent trip. I had sent him plenty of pics, told him car needed total resto, spoke on the phone etc.
He showed up, (I thought it was Kelly from the Bad News Bears!), looked the car over, asked if there was a place he and his buddy could talk it over and go grab some lunch and they'd be back.
Never heard from the guy again!
I had a guy by a 67 GT 500 off me about 5 years ago...
He asked me ahead of time if he could pay cash...
I told him he could.
He brought a bank check and $50,000 in cash.
The cash was one's, fives and tens...
He owned a vending machine company...
WTF.....
Quote from: capecodmustang.com on May 01, 2018, 04:10:24 PM
I had a guy by a 67 GT 500 off me about 5 years ago...
He asked me ahead of time if he could pay cash...
I told him he could.
He brought a bank check and $50,000 in cash.
The cash was one's, fives and tens...
He owned a vending machine company...
WTF.....
Oh my gosh - that had to be difficult to count. I can't believe he would do that to you.
Quote from: capecodmustang.com on May 01, 2018, 04:10:24 PM
I had a guy by a 67 GT 500 off me about 5 years ago...
He asked me ahead of time if he could pay cash...
I told him he could.
He brought a bank check and $50,000 in cash.
The cash was one's, fives and tens...
He owned a vending machine company...
WTF.....
THAT is AWESOME!! LOL!! ;D
Quote from: mark p on May 01, 2018, 02:23:58 PM
Quote from: Shelby_0022 on May 01, 2018, 02:10:33 PM
Quote from: capecodmustang.com on May 01, 2018, 12:21:05 PM
I was offered a 65 Shelby project a couple months back....
The seller had it since the 70's and wanted all in cash...
Very unreasonable....
That's nuts! I wouldn't even feel comfortable taking that kind of money over to they guy for fear of what might happen on the way!
+1
Yes. Apparently many folks carry a big wad of cash and are comfortable... that is not me.
I bought a car a few years ago and the guy wanted all cash (less small deposit vie paypal)... it was less than $20k and yet I was basically petrified the whole day while I had that in my pocket (and I went with a friend as well)
I hear you! I remember purchasing my wife's engagement ring (years ago), and the store was willing to give me a discount, if I paid via cash. The ring (I believe) was $8,000+; which at the time was ALL the money...literally. I went to the bank and pulled the money... and then looked over my shoulder the entire trip to the jewelry store. I've never been mugged, and this was in downtown Chicago. I felt like I was wearing see through clothes the entire way there. ;D
yeah , had a deal on a different KR and the seller wanted cash, driven across several states i said no.....
Quote from: capecodmustang.com on May 01, 2018, 04:10:24 PM
I had a guy by a 67 GT 500 off me about 5 years ago...
He asked me ahead of time if he could pay cash...
I told him he could.
He brought a bank check and $50,000 in cash.
The cash was one's, fives and tens...
He owned a vending machine company...
WTF.....
$50,000 in twenties was bad enough! Can't imagine ones, fives and tens.
(http://www.saacforum.com/gallery/267-010518201632.jpeg)
Tried three banks, only one could do it in less than a week and a half. Twenties was the best the bank could do on short notice, but they got it the next day. They now have more of my business and the other two are done. Pretty annoying when you can't get your own money within a couple of days!
In 1998 I bought a 3800 mile 1994 BMW 850Csi from a guy in Queens N.Y.
He insisted on cash. $66,000. I don't know what the hell I was thinking, but I flew all the way there with a briefcase filled with drisp $100 bills.
Right now, I have no clue why I thought this was a good idea. He picked me up at La Guardia, Drove to his house in Jamaica where he had a huge argument with his adult son and wife (not about the car) in front of me, Then we drove to White Plains as the car was at the BMW dealership there having a PPI. It was as advertised so I gave him the cash, which he counted 3 times in the lobby while, with title in hand, I arranged with the BMW dealer to have the truck pick it up.
He could have shot me and dropped me in Longa Island sound.
Not to mention going thru the airport in Seattle, Chicago and New York with all that cash. The authorities could have easily seized that as potential drug money and made it my responsibility to prove it wasn't. (yes that happens all the time).
I will NEVER do that again. I now realize how mortal I really am.
Oh yeah, I sold the car a year later so I could dive into the stock market. Remember the dot.com days? ::) That same car sells for around $75,00 today.
When buying or selling, I make arrangements with my bank to have the money wired.
Usually the seller end will have a bank/credit union ready for me to wire.
If I'm selling. I tell the buyer where I want it wired. Keep in mind, I
am always present. He doesn't leave with car and title 'til my bank's prez
says funds are safely transferred.
Max
wire is the only way, for transactions of those amounts, this guy isn't getting knocked off over a car deal...people will kill you for a lot less.
Quote from: cutter on May 01, 2018, 10:57:41 PM
wire is the only way, for transactions of those amounts, this guy isn't getting knocked off over a car deal...people will kill you for a lot less.
I agree.
I work in banking.
Over the years it amazes me how many people don't want to do a wire! They say they don't want to give out their banking info!
At times people even say they will go to their bank and make sure it's ok to send a wire! I've heard a bunch of times from sellers
"my bank said don't give out my bank info..." Again, I work in banking and I've never said this to a single client...I've been in the industry close to 15 years!
Often I'll tell a seller who acts this way "do you have a checkbook...do you write people or strangers checks?" Most of the time they say yes and yes. I tell them the info
I need to send a wire is the same info on the bottom of their check! At times I've had people say "you make a good point..." and some still don't want to accept a wire!
Quote from: Shelby_0022 on May 01, 2018, 05:59:07 PM
I felt like I was wearing see through clothes the entire way there. ;D
Boy, there's a visual none of us needed ;D
About 10 years ago I found a low mileage 93 Mustang GT convertible in Tacoma Washington. I reached a deal with the lady seller over the phone for $12,600. On December 27th I drive to Tacoma to complete the deal pending an inspection of the car.
Me, being from a foreign country (Canada), I figure there's no way that the lady seller is gonna take a bank draft and I wasn't going to wire funds until I view the car so I take $12,600 in $100's.
At the Canada/US border I know that I am supposed declare anything over $10,000 which I do. The US border guard asks me to come inside which isn't surprising, so I head inside. He asks me what the money is for and I show him the ad for the car that I'm gonna buy. He counts the money and has a real good look at the cash and then sends me on my way, wishing me good luck.
When I get to the house in Tacoma it is located in a real nice neighborhood. I ring the doorbell and am greeted by a man in his mid 40's. He informs me his is the son of the lady seller and he invites me inside. We head to the kitchen and the lady seller is there so we all sit down and talk. After about half an hour we're all pretty comfortable with each other and are having a great conversation.
After talking for 1/2 an hour the topic of guns comes up at which point, the son of the lady seller, rotates his body to show me the fire arm he has strapped to the side of his belt. He then points to another hand gun that is laying on the kitchen counter. The son tells me how he has an "open carry licence" in the state of Washington and I tell him how I once shot a 22 rifle in Scouts when I was 10 ;D. At that point I'm thinking "sure glad I didn't see that side arm when I walked into the house, I would have run away screaming like a raped ape".
I view the car and am happy with what I see so we complete the deal and I hand the sellers the $12,600 in cash. They are surprised that I brought cash. I told them I figured they wouldn't take a bank draft from a foreigner which made them laugh.
In they end they are laughing at me because I brought $12,600 in cash and I'm laughing cause I just walked into a house with a couple of guns and upon entering that house I didn't even to think to "scope out the scene" for weapons or imminent danger ;)
I still have that 93 Mustang and a crazy ass story about my American brothers. I'd still carry cash but next time, I'll be a little more cognoscente of my surroundings and any possible fun that might occur :D
QSS
Quote from: QuickSilverShelby on May 02, 2018, 10:19:52 AM
About 10 years ago I found a low mileage 93 Mustang GT convertible in Tacoma Washington. I reached a deal with the lady seller over the phone for $12,600. On December 27th I drive to Tacoma to complete the deal pending an inspection of the car.
Me, being from a foreign country (Canada), I figure there's no way that the lady seller is gonna take a bank draft and I wasn't going to wire funds until I view the car so I take $12,600 in $100's.
At the Canada/US border I know that I am supposed declare anything over $10,000 which I do. The US border guard asks me to come inside which isn't surprising, so I head inside. He asks me what the money is for and I show him the ad for the car that I'm gonna buy. He counts the money and has a real good look at the cash and then sends me on my way, wishing me good luck.
When I get to the house in Tacoma it is located in a real nice neighborhood. I ring the doorbell and am greeted by a man in his mid 40's. He informs me his is the son of the lady seller and he invites me inside. We head to the kitchen and the lady seller is there so we all sit down and talk. After about half an hour we're all pretty comfortable with each other and are having a great conversation.
After talking for 1/2 an hour the topic of guns comes up at which point, the son of the lady seller, rotates his body to show me the fire arm he has strapped to the side of his belt. He then points to another hand gun that is laying on the kitchen counter. The son tells me how he has an "open carry licence" in the state of Washington and I tell him how I once shot a 22 rifle in Scouts when I was 10 ;D. At that point I'm thinking "sure glad I didn't see that side arm when I walked into the house, I would have run away screaming like a raped ape".
I view the car and am happy with what I see so we complete the deal and I had the sellers the $12,600 in cash. They are surprised that I brought cash. I told them I figured they wouldn't take a bank draft from a foreigner which made them laugh.
In they end they are laughing at me because I brought $12,600 in cash and I'm laughing cause I just walked into a house with a couple of guns and upon entering that house I didn't even to think to "scope out the scene" for weapons or imminent danger ;)
I still have that 93 Mustang and a crazy ass story about my American brothers. I'd still carry cash but next time, I'll be a little more cognoscente of my surroundings and any possible fun that might occur :D
QSS
That is amazing! What a great story - thanks for sharing!!
Quote from: Vernon Estes on May 02, 2018, 08:59:37 AM
Quote from: Shelby_0022 on May 01, 2018, 05:59:07 PM
I felt like I was wearing see through clothes the entire way there. ;D
Boy, there's a visual none of us needed ;D
LOL!
Yeah, my wife has to deal with that visual every day. And, let me tell you, for those who have met me, I definitely married up! ;D
Speaking of cash stories the one that had me shaking my head was when a really good friend sold his 71 all original HEMI N96 Challenger around 2004. He sold it thru Galen to a guy in the middle of Mn and cornfields. The guy had a lot of ex super stock HEMI cars. Ed Meyer knows the guy. Car sold for 195K. Guy wired 10K and my friend offered to deliver. Guy called the bank and had the banker open up the bank to pay my friend. He drove home back to Mi with a briefcase with 185K in it. Ed later told me the car ended back in Mi not long after. My 68 Shelby went to France. Guy wired me the $$$$. Seems the best way to deal with a lot of money-unless you don't want to pay Uncle Sam capital gains tax.
Another was when another friend bought a 67 GT500 a few years ago. Sellers wanted 100K. He walked into the house. sat at a table. Pulled out his firearm and set it in front of him them offered 80K for the car pulling out the cash. Cash deal he told them. No bank transactions. No capital gains.....they took the cash.
shelbymann1970
Nicely Done!!!
i have an on-going deal with a seller and his wife who want only 20 dollar bills for the car that they have owed since 1971 - 125,000 - I said no way - not happening on my dime and they said one day someone will show up with cash and they will sell that person the car - I hope when/if the person does they have an UZI because these folks live in the middle of no where and a body would be easy to never be found....... "I hear banjos"!!
SGB
Comon steven, you got that in petty cash....you ever hear anymore about the estate with the KR.??
Tim
Hey....speaking of that, what are the capitol gains tax laws on a purchase such as a 6 figure shelby??
Quote from: cutter on May 02, 2018, 12:44:26 PM
Hey....speaking of that, what are the capitol gains tax laws on a purchase such as a 6 figure shelby??
You pay sales tax if applicable on the purchase in your state. Your capital gains on the sale depends on your tax bracket, what you profit from it and how long you have owned it. Don't bother asking for a capital LOSS if the value tanks to shrink your tax burden, though. The house has the rules stacked in their favor. (:
Quote from: cutter on May 02, 2018, 12:44:26 PM
Hey....speaking of that, what are the capitol gains tax laws on a purchase such as a 6 figure shelby??
when you sell if you make a profit you pay either 20 or 25 percent the last time i sold a car. Keep all receipts and they wouldn't let me write off any other cars i "lost" money on that year against the profits of said sold car. Of course with the new tax laws it could have changed. .
Part 2
Ebay auction for a black KR increases BIN price 30K overnight....must be greatest investment ever???