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  1. #26
    BOlieve manufan10's Avatar
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    I have others. Are you a cash buyer?
    I have $7,000.. can you hold it for me?

  2. #27
    Saytowns Fawtbox King lebomb's Avatar
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    WTF does a 19yr old want with a 5th wheel??? Just curious?

  3. #28
    1 > 0 lil_penny's Avatar
    Location
    Portland,OR
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    WTF does a 19yr old want with a 5th wheel??? Just curious?
    My exact question lol

  4. #29
    Veteran jack sommerset's Avatar
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    Dallas
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    Do you get a bigger cut of the 7 g's since nothing got sold?

  5. #30
    Beware of the Voices Bigzax's Avatar
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    so if he doesn't come up with 13k in 3 weeks, it's all over?

  6. #31
    Forum Official Personal Life Coach BacktoBasics's Avatar
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    11,318
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    WTF does a 19yr old want with a 5th wheel??? Just curious?
    He's going to live in it.

    Do you get a bigger cut of the 7 g's since nothing got sold?
    I get nothing.

    so if he doesn't come up with 13k in 3 weeks, it's all over?
    The boss will likely give him another week or two but beyond that he's ed.

  7. #32
    Saytowns Fawtbox King lebomb's Avatar
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    Ok.............I can understand the living in it thing. Just as good as an apartment I guess. And you can drag it any where you want.

  8. #33
    Veteran jack sommerset's Avatar
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    Dallas
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    That would be ed up if you get shot. By all means point him in the direction to the guy who ran to the bank to deposit his cash.

  9. #34
    Lottery Pick jaffies's Avatar
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    jaffies
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    None of your fucking business!
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    2,062
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    You may have already explained this, but
    Who gets the 7k, and for what service?

  10. #35
    GFY I. Hustle's Avatar
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    SA
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    Its a 2003 Montana Fifth Wheel 32' 3 slides. Loaded. 20k out the door.
    I got 7k, will you hold it for me?!

  11. #36
    Forum Official Personal Life Coach BacktoBasics's Avatar
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    You may have already explained this, but
    Who gets the 7k, and for what service?
    The boss gets the 7k. The "service" is taking a trailer off the market for 3 weeks and giving this guy time to handle his business and make the purchase. Guaranteeing him that this unit will not get sold out from under him within the 3 weeks.

    Its more a matter of potential loss vs. a service. If I hold this trailer for him and tomorrow a buyer shows up wanting to pay 20k for the trailer I've lost his business and he might never return. The deposit covers the potential loss of business.

    Basically the kid is a moron. I wouldn't put 7k down unless I had financing arranged or had the money in the bank.

    Normally we take 200 bucks and the remaining balance upon pickup. But I wasn't going to take a deposit and hold something so uncertain for nothing. He proposed this.

  12. #37
    GFY I. Hustle's Avatar
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    SA
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    I just want a cool trailer to go camping in. You got one of those? The vieja won't do tents so I want to get something off the ground.

  13. #38
    Forum Official Personal Life Coach BacktoBasics's Avatar
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    I just want a cool trailer to go camping in. You got one of those? The vieja won't do tents so I want to get something off the ground.
    Pop-up? I got 4 or 5 of those left.

  14. #39
    GFY I. Hustle's Avatar
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    SA
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    Pop-up? I got 4 or 5 of those left.
    Yeah a pop-up. What do they run and cool is they?

  15. #40
    WiCkEd Co Slydragon's Avatar
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    San Antonio
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    WTF man why you posting my business on here? I hope your boss likes it when I print this out and show how post everyone's business.

    I told you I'll come back with the cash.....damn

  16. #41
    Forum Official Personal Life Coach BacktoBasics's Avatar
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    Yeah a pop-up. What do they run and cool is they?
    I got a small basic on for 6,495 and a nicer one with bigger beds, toilet and a shower for 8,995. They're very cool. All your friends and family will be jealous. You'll be the talk of the town.

  17. #42
    GFY I. Hustle's Avatar
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    SA
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    I got a small basic on for 6,495 and a nicer one with bigger beds, toilet and a shower for 8,995. They're very cool. All your friends and family will be jealous. You'll be the talk of the town.
    Shiiiiittt nikka that one for 9 grand sounds nice. Do it has curtains in case I wants to get nasty?


    I think if I snagged that one with the toilet and shower I would def be able to get her to go camping. She says we need to find a place with a shower and restroom and electricity and this and that. I'm like damn might as well go get a room somewhere.

  18. #43
    Lottery Pick jaffies's Avatar
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    jaffies
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    None of your fucking business!
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    2,062
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    ^^ well said.

    Couldn't the guy just finance the remaining balance?

  19. #44
    Forum Official Personal Life Coach BacktoBasics's Avatar
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    Wow, sometimes 19 yr old have to learn the HARD way. 7k is a harsh way to learn. I've been burned before at that age, maybe for about 500...but not 7k. However, why did you lie to him and told him you would hold the trailer for 500? It seems like a double standard.


    Secondly, 7k is a ungodly amount of money to hold something at that price for 3 weeks. I doubt you guys are making 7k profit on a 20k trailer and if you are, your boss is just a plain asshole. Covering yourself for 7k on a 20k trailer seems a little overzealous.

    If I was still practicing law I would of torn you guys a new one for this kind of practice. You can't take money and then not hold something, then demand more for the same service. There is also cancellation period you must invoke with all short term transactions with high gain such as this. This is standard in all states that offer payday loans, car le loans, housing, etc. Usually on order of days. The great state of Texas has a 3-day "cooling off" period for contracts of this type, for ANY reason.

    If you guys didn't give him this option, it's extortion...you lose. Plain and simple.

    2k..3k.. now that would have been reasonable and probably immune to litigation. I hope you boss is prepared in case the hits the fan.
    I told him I would hold it for 500 in the off chance he comes through. Had I had a buyer I would have called him and returned his check for the 500 or given him the offer to come up with the 20k that day. There is no law on deposits. We can lift them at any time and take them at any time.

    By the time he realizes he's not getting his settlement money his cooling off period is up.

    If you read the back of the buyers order we can keep (according to law) all compensation collected if the deal isn't completed. That would even include his trade in if he were to have given us one.

    There is no law that caps a dollar amount on a deposit. He signed a purchase order which is a contract that binds him to the purchase.

    If the buyer retracts the offer or does not fulfill its obligations under the contract, the earnest is forfeited. Therefore, it is generally in the seller's best interest to see as high an earnest money deposit as possible.

  20. #45
    Forum Official Personal Life Coach BacktoBasics's Avatar
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    He signed a contract and can't fulfill it. It was his idea to create this contract. He signed his name and agreed to the purchase.

    You're out of your mind if you think this would end badly for us.

    Since the trailer is our business name and paid in full with no liens its 20k profit across the board. Its more a matter of what you lost on what was sold not what was taken in. There is not dealer cost on used as far at any profit margin would be looked at.

  21. #46
    Straight Forward PM5K's Avatar
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    It's too bad your business isn't more interesting, because you post about it all the time.

  22. #47
    Forum Official Personal Life Coach BacktoBasics's Avatar
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    It's too bad your business isn't more interesting, because you post about it all the time.
    I must have spent a minimum of 5 hours doing nothing today. It was totally dead. Maybe 4 customers. I can't wait to get out of this place.

  23. #48
    Don't stop believin' Dex's Avatar
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    I must admit, I know more about trailers than I did when I woke up this morning.

  24. #49
    JEBO TE! Clandestino's Avatar
    Location
    San Antonio
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    5,649
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    His place will be the next reality show.

  25. #50
    No darkness Cry Havoc's Avatar
    Location
    Bay Area, CA
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    33,683
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    That's not correct. You can look up the numerous times these things have gone to trial. In this case the deposits is a supplement of the purchase contract. The 3-day cooling off period still applies. I've actually been involved with 2 trials with this issue. One involved a FSBO car purchase and the other was a yacht. Both eventually realized that they would get screwed over with litigation and settled after initial arguments. However, I doubt this kid has the legal backing to do so.

    I'm not trying to say what you guys did was bad, you warned him plenty of times. However, anytime people end up screwing others to this large extent the smallest errors (like taking $500 for no real services) will often cause your interest to fail in trial. You guys should be aware of things like this, it'll save headaches later.
    Dude. He came up with a contract and then signed his name to it. It's not like B2Bs business advertises that they will hold a trailer for *only* $7,000. The kid is the one with the problem here, because he agreed to pay for a product by a certain date and it does not appear that he will be able to do that.

    He signed with full knowledge of the terms. It's his fault, and I can't imagine any court letting him off the hook because the contract was not the best in his favor. If the court went out declaring some contracts to be "bad" for the consumer, that's a pretty slippery slope they fall onto, since it's murky what -- at that point -- would cons ute an unfair contract.

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