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Ebay, EVO, and Mark Mistu in Scottsdale,AZ fiasco,

naskie18

By naskie18
in The Off-Topic Bar

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Greg Senior Enthusiast

Greg

Posted
Posted

Saw your post on the nasioc forum, naskie18. I saw this first on corvetteforum and have been following it this evening. This just reinforces my decision to not buy on ebay.

doverarjim Senior Enthusiast

doverarjim

Posted
Posted

That is just crazy but what is worse in the 5 or 10 minutes I was there looking at it their was 3 pages of replies and when I left it was up to 10 and growing about 2 pages while I read one!!!!! I hope that this dealer understands how much bad press he is getting right now!!! :)

422 SS Enthusiast

422 SS

Posted
Posted

What the dealer did was unethical but not illegal.They could have handled it better,but they're not legally obligated to sell a car for thousands less than what it's worth.Would any of you guys sell a car for 10k less than it's worth because the bids did'nt get to where you wanted them to be.I own a business and have made mistakes on bids before.If I have a signed contract then I eat the loss and do the job without complaint.If I submit a bid and notice a mistake i will contact the customer and attempt to renegotiate the deal before signing a contract.If the customer balks at the new deal I simply don't sign the contract and won't do the job.I would rather pass on doing a job than do it for nothing.

tmf6902 Senior Enthusiast

tmf6902

Posted
Posted

I guess the way I look at it, if the car was worth so much more, they should have made a reserve, for the lowest amount of money they were willing to spend on it......

naskie18 Enthusiast

naskie18

Posted
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Posted
What the dealer did was unethical but not illegal.They could have handled it better,but they're not legally obligated to sell a car for thousands less than what it's worth.Would any of you guys sell a car for 10k less than it's worth because the bids did'nt get to where you wanted them to be.

Legally, they are bound to sell the auctioned good(s) for the high bid at the end of auction, regardless of what the high bid is in relation to the "real" value of the good(s). If they weren't willing to sell it under a certain value, they should have set the reserve to said value. One their behalf, they did reserve the right to end the auction early by notifying the current high bidder, however, the auction ended at its set time, not early, and the high bidder was not contacted until well after the auction had ended at its scheduled time. Once the auction ended at its scheduled time, the high bidder at that time became the person the seller is legally bound to sell the auction good(s) to, at whatever price the high bid was, regardless of what the "real" value of the good(s) were, as long as the high bid was above the reserve value.

SnakeEyeSS Senior Enthusiast

SnakeEyeSS

Posted
Posted

ARE422DP, naskie 18 is correct, the dealer was legally obligated to sell from the sounds of it. I had made an agreement to buy a MINT 1985 BMW 635CSi, Black and perfect, and teh seller had it on e-bay. He told e he would take it off, but he didn't (his claim was he was new to it and accidently didn't do it in time) and the auction ended. Well, we were hoping that the e-bay buyer would be ok with it and let it go, buthe turned out to be a car collecting attorney who knew this was a nice car. he threatened a law suit, so the guy sold it to him. Left me with no car. The guy told me he'd find me a similiar deal on aother car, but never called back. He has since gone out of business, I think. He had it coming.........

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