Only one problem (unless I misread the original post): she already sold
the car back to the dealer.
Regards,
Jon Heese
Koll wrote:
> Jim,
>
> Sorry about the issue surrounding the purchase of the car.
>
> A couple of observations.
>
> The dealer is under no obligation what-so-ever to buy the car back. They
> are approaching this like a spot-cash-sale. If you walk up to a dealer
> and say. Here's a car. I need cash, you'll always get this kind of
> offer. They're not in the business to take on inventory of older cars
> that are out of sync with what they public is trending towards. That
> is, small efficient cars. They would rather not own the car at all.
> Their price was them telling you "no way".
>
> I did the same thing in reverse on a dealer. I needed to get out of a
> Lincoln Mark VII LSC back when I was a punk. I went to a dealer and
> told them my story of desperation. I'll take anything. They pointed to
> a Pontiac 2000 and I said OK. It was the nicest car on their lot (Ford
> store). I took it in the shorts at first. Getting nothing on my LSC
> and paying full boat for the J-car. But, I drove back by that lot 9
> months later and they were STILL trying to get rid of that car. Could
> they come back to me and say... We want our Pontiac back?
>
> I just ran a 99 T-C with 122K on the clock through Edmunds...
>
> Trade in: $6,353 Private sale: 7,407 Dealer retail: 8,505.
>
> Sounds like they're a little high, but even if they're 25% high, selling
> it private party is the best way to recoup the money. Take a deep
> breath. The last thing you want to do is get on a first-name basis with
> some lawyer over this. Be cool, smart and patient and you should loose
> very little money on this. You'll be laughing about it next year.
>
> Good luck,
>
> Koll
>
> ----- Original Message ----- From: <jfkoper1@aol.com>
> To: <shotimes@autox.team.net>
> Sent: Wednesday, August 16, 2006 2:26 PM
> Subject: [Shotimes] DEALERSHIP TRANSACTION: LIFE LESSON OR IS RECOURSE
> POSSIBLE? (sorta long, but quick read)
>
>
>> Hello everyone,
>>
>> My mom bought a b99 Lincoln Town Car Signature Edition (excellent
>> condition,
>> $6,500) with 122K on it while I was at the SHO convention. (That was
>> her first
>> mistake, doing this while the bcar guybbmebwas outta town!) She
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