OZONE, pm me. 
Anyone know the Final Price on 2002 Imola that sold on Ebay?
- Thread starter mpgandco
- Start date
- Joined
- 10 September 2014
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- 56
This is spot on. Legally, not much can be done but your name and reputation (if you care about it) will be and should be spoiled.
OZONE, pm me.
Done. Thanks.
- Joined
- 8 March 2004
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- 55
Here's my take on the whole Ebay Auction.The car was at 66K.With 2 days left, bidding went from 66K to 86 K in hours.Who would bid it up like that?Wouldn't you just wait until it was almost over to bid.?It looks like it was Shill bidded up ,wasn't enough and Auction was ended.Simple as that and I guess if you own the car that is OK.This is why I like the Bring A Trailer Auction Format better than Ebay .There are very few of these games being played because you will lose some cash if you do.This is just my Opinion and you don't have to agree with it
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Doc
All businesses have different challenges.
In your case a client's word may not be enough to carry on normal business relations in which case signed agreements may be the norm and even then problems arise
The point I was making is that in the forest industry, where I spent my working career, verbal agreements are deemed to be valid contracts.
Certainly purchase orders, confirmations etc. etc. are issued by both parties, documents are signed and filed away on so on.
However if a buyer or seller renegs on a verbal deal, it's a serious problem as carloads of lumber will be shipped by a mill to a customer on a verbal agreement.
News travels very quickly in that industry and those who violate that trust soon find themselves without customers or suppliers.
I suspect there are many industries that operate on a similar basis.
Your experience sounds like you've been stung on verbal arrangements and so you insist on boilerplate before you consider an agreement has been reached.
Fair enough.
I'm only pointing out that there are segments of the business world where that's not the case so broad brush statements don't apply everywhere.
In the case of the used car business all manner of behaviour is present to be sure.
In my personal case if I've accepted a deal from a buyer or had my offer accepted by a seller I view that as a done deal.
I'd hate to have agreed to a deal, got a cheque certified, got on a plane to go pick up my car, and then have a seller reneg on the deal.
You may feel differently, would get back on another plane, head home, and tell yourself it's all okay, it was a verbal deal.
Aren't verbal agreements legally binding? A verbal agreement is an oral contract. Although difficult to enforce, I believe they are legally binding.
I'm a retired lawyer. Many verbal agreements are enforceable,with certain exceptions that are required by law to be written,say a land sale contract in North Carolina. The problem that arises in oral contracts is proof:when things go sour,each side often has a different understanding of what was agreed to, and then it's a matter of who is more credible and other factors.That's why written proof is helpful,if not required.
That said,it's nice to know there is an industry like forestry that JD referred to where people are honorable enough that business can be done verbally. In my business,the judges knew me and if I told them something,they would believe it based on my word,and that was a nice feeling.
That said,it's nice to know there is an industry like forestry that JD referred to where people are honorable enough that business can be done verbally. In my business,the judges knew me and if I told them something,they would believe it based on my word,and that was a nice feeling.
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Hey guys, I'm the current owner of the 2002 Imola that was on eBay. I think it was mentioned in this thread, but I'll recap.
1) Living situation changed so my family and I had to buy a house asap, hence the sale.
2) Hastily put it on eBay and had the asking price in the auction, which was why it was taken down and re-listed the next morning.
3) Buyers prefer bone stock cars and they usually fetch the most, but I didn't have time to remove the suspension/mods at the time of listing, which is why it was described as it was.
4) Entertained many private offers for $85k, but asking was $90k, I continued with the eBay auction as it was already at $85k. Note: There is a listing fee of $50, and a final value fee that is around $125. Every seller has the right to cancel any auction at any time (so long as it is not before 24 hours of close). Most eBay auctions happen that way, you're actually paying for the exposure and many transactions are handled outside of eBay. Totally legal.
5) A local buyer offered $90k, and a collector offered $95k while the car was still on eBay. A friend offered me $95k which I accepted. I didn't even bother to tell him more, I was happy with $95k. (This person has already seen the car before it was listed). We arranged a date for him to come down and some time for me to remove the suspension/exhaust. It was a verbal agreement with no deposit of any kind.
6) I removed the suspension and exhaust and my in-laws found out about the auction. They know I love NSXs and it pained me dearly to list it, they stepped in and helped out financially.
7) I contacted the friend/buyer and told him the situation. We are still on good terms.
I've had so much heat for what happened with this car, but I think it's mainly due to people not knowing the final sale price. Well, now everybody knows. I understand that it is very dishonest to "shake" on an agreement, and turn around and break it because you received a higher offer from another person and sold for more money. I get that. But that's not what happened here.
Edit: I noticed all the legal talk on here about verbal agreements being binding. I don't know if they're binding or not as I am not a lawyer, but I do know that one party has to pursue it to matter. If both parties are okay with the outcome, there is absolutely nothing wrong and it's nobody else's business, really.
1) Living situation changed so my family and I had to buy a house asap, hence the sale.
2) Hastily put it on eBay and had the asking price in the auction, which was why it was taken down and re-listed the next morning.
3) Buyers prefer bone stock cars and they usually fetch the most, but I didn't have time to remove the suspension/mods at the time of listing, which is why it was described as it was.
4) Entertained many private offers for $85k, but asking was $90k, I continued with the eBay auction as it was already at $85k. Note: There is a listing fee of $50, and a final value fee that is around $125. Every seller has the right to cancel any auction at any time (so long as it is not before 24 hours of close). Most eBay auctions happen that way, you're actually paying for the exposure and many transactions are handled outside of eBay. Totally legal.
5) A local buyer offered $90k, and a collector offered $95k while the car was still on eBay. A friend offered me $95k which I accepted. I didn't even bother to tell him more, I was happy with $95k. (This person has already seen the car before it was listed). We arranged a date for him to come down and some time for me to remove the suspension/exhaust. It was a verbal agreement with no deposit of any kind.
6) I removed the suspension and exhaust and my in-laws found out about the auction. They know I love NSXs and it pained me dearly to list it, they stepped in and helped out financially.
7) I contacted the friend/buyer and told him the situation. We are still on good terms.
I've had so much heat for what happened with this car, but I think it's mainly due to people not knowing the final sale price. Well, now everybody knows. I understand that it is very dishonest to "shake" on an agreement, and turn around and break it because you received a higher offer from another person and sold for more money. I get that. But that's not what happened here.
Edit: I noticed all the legal talk on here about verbal agreements being binding. I don't know if they're binding or not as I am not a lawyer, but I do know that one party has to pursue it to matter. If both parties are okay with the outcome, there is absolutely nothing wrong and it's nobody else's business, really.
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- Joined
- 28 July 2014
- Messages
- 158
Being a physician as well - this is why charges are so high... because the % actually paid is so low by insurance companies. How this even happens is ridiculous. So when people post articles about how much a hospital charges for whatever test? They need to list the % of the actual charge gets paid on average... and then people would realize - go after the insurance companies.
With all respect to your situation, it is ridiculous as a patient as well.
A medical office has charged me three times as much when I didn't have insurance as the same office was willing to accept for the exact same services when I did have insurance.
When I didn't have insurance, I paid in full the day services were rendered; it was simpler for them (no having to bill insurance and wait)--and yet they charged me 300% of what they are willing to accept for the service when the patient has insurance. How anyone can think this is fair is beyond me.
Pharmacies do the same thing, if not at a 3x level. That is, Walgreens will take more money from an uninsured cash customer than they will get from one with insurance.
It doesn't have to be that way. I live in a small town where the pharmacist is a decent man; if you don't have insurance he gives you a rock-bottom price for prescriptions.
@Tom239 I do similarly for my patients who are uninsured. I charge a flat rate for new and follow-up visits that is about half of my normal charge. Then again, I work for myself, so I can do that. I sure wish I could operate on a verbal agreement basis....but that doesn't work in medicine.
Glad skafia reported on his situation. I was following it on the Facebook group and wondering what had happened. His buddy, I'm sure, can move on.
Glad skafia reported on his situation. I was following it on the Facebook group and wondering what had happened. His buddy, I'm sure, can move on.
Sorry to hijack the thread, (this would be a great off topic discussion) but my wife passed away a few years ago from ovarian cancer. During the seven years that she fought it, we were in and out of hospitals, cancer clinics, radiology providers, rehab centers and had several ambulance rides. We also dealt with neuro surgeons, ER doctors, radiologists, gastroenterologist, oncologists and other specialists. Some of the drugs and tests she had weren't covered by the insurance or the provider was out of plan so my deductible was much larger. Part of the problem is that most patients don't understand or are completely unaware that they can negotiate with the insurance company and in some cases the provider to reduce the amount owed or get the insurance to pay more or even all of the bill. For example, my wife had a test that wasn't covered in plan because the provider wasn't a member. We owed 40% of the cost and our balance was going to be about $5k. The company that did that particular type of test was the only one in the country that did that test. Our doctor and I spoke with the testing company for a reduced bill and I contested it with my insurance provider to pay a higher percentage and we ended up paying about $400 out of pocket. We had several similar situations and all were resolved to everyone's satisfaction. Again, sorry for the hijack but, I thought that this might be helpful to someone.
As for skafia's NSX, it looks like the values are still up there in the stratosphere. Good for us I guess. Thanks skafia for clearing up the story. I'm glad you get to keep that rare beauty.
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Orange ones anyway.
Frogs of all colors are rising quickly. Only 4 years of production, vs. 11 years of flip-ups, you do the math. Unless you're a "collector", an early year, low mile car, still won't pull in what a "Frog" low mile car will pull. To each his own, these cars were made to be driven, I'm not saving mine for the next owner, I'm enjoying it while I'm alive.
Around 860 of the 02+ in the US, definitely got the rarity thing going for them.
Very true--that's a very low number. I was just checking out production numbers of the R8 and I think its around 30k. That might be worldwide number but its over 3x the entire NSX run in USA and 12k? more than than worldwide NSX production. And NSX production run was over a far longer time period.
I'm sure you wouldn't be saving it for the next owner as you would be selling it to him and not giving it away. You would reap the benefits from the higher value (assuming you kept your car in collector condition versus driving it), but that's just me.
fastaussie
Suspended
unfortunately some times people think they know what's happening when in all actuality they have no idea at all...
- Joined
- 28 July 2014
- Messages
- 158
Completely understand - I'm just saying that insurance companies are the root of the problem, in my opinion. Was it three times as much as your copay? Or actually 3x as much for the same service rendered?
I'm not defending all medical practices, I'm just giving some background into why hospital charges are so high - they price them knowing the insurance companies will only pay a certain percentage.
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Slowly being worked on. Just too busy at work to really have much time to dedicate to it... but its being stripped down, media blasted soon so we can weld in positions for the floor mounted Tilton pedals and the half roll cage, plus our solution for the divider/firewall that allows the roll cage to go through the divider and keep the engine compartment separate.
Oh come on, silver too!
It wasn't 3x the copay. It was 3x (the copay + what insurance paid).
The doctor's office received 3x as much for the same service.
In round numbers, $600 rather than $200.
I cannot lay all the responsibility for this state of affairs on insurance companies.
An insurance company does not tell a doctor (or pharmacy) how much to charge someone who's uninsured.
There's a lot more I could say about my experiences dealing with
medical offices while I had no insurance but I'll hold off in the interest
of not further hijacking the thread.
Just because there are a lot of lowlifes out there whose word is NOT there bond, doesn't mean you have to follow suit. Many times I have been offered more for something that was under verbal contract and my reply is always "you are next in line, sorry, I have a deal that I won't break".
I dealt with a oil-product manufacturing in Tampa a couple of years ago, needed sealant for my mexican tile patio which suddenly became hard to find. Called them up, spoke to the owner, placed an order for $350 or so. I tried to give him my credit card number and he said "no need, we will send you a bill with the shipment, just send us a check". When I thanked him for his honesty he said "we have only been stiffed once in 50 years". When I got that shipment the check was in the mail the same day.
I think skafia's case is slightly different though, with a whirlwind set of circumstances and an understanding friend.
I dealt with a oil-product manufacturing in Tampa a couple of years ago, needed sealant for my mexican tile patio which suddenly became hard to find. Called them up, spoke to the owner, placed an order for $350 or so. I tried to give him my credit card number and he said "no need, we will send you a bill with the shipment, just send us a check". When I thanked him for his honesty he said "we have only been stiffed once in 50 years". When I got that shipment the check was in the mail the same day.
I think skafia's case is slightly different though, with a whirlwind set of circumstances and an understanding friend.
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Oh, if anybody is questioning my integrity (Ahem [MENTION=5905]JD Cross[/MENTION]): I listed my 2000 Integra Type R on eBay last week and the bidding went up to $22k with a couple of days left, I canceled the auction because somebody offered me $25k, which I accepted. At the same time, somebody else offered me $30k which I rejected because I already accepted the $25k from buyer #1 . I bet now most of you will probably think I'm an idiot for not taking an extra $5k right? lol
http://bringatrailer.com/2016/01/24/stock-w-38k-miles-2000-acura-integra-type-r/
Note: Offer accepted on a house, going through escrow. Wish me luck!
http://bringatrailer.com/2016/01/24/stock-w-38k-miles-2000-acura-integra-type-r/
Note: Offer accepted on a house, going through escrow. Wish me luck!
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