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John D. · 02-25-2002, 07:23 PM

Hi Ed.!

Thanks for the comments back - and let me address a few of your points, as I think it may be helpful for some.

A "law away" is a purchase. It isn't anything less. In other words, if you go to a car dealer - and put a deposit on a car - they move it from the "For Sale" line to the "Sold" line. Using that same analogy - a gun dealer removes a Luger that has a deposit on it from their "For Sale" inventory to their "Sold" area. Now - if you have a Luger on "lay away" - my guess is you'd be pretty upset of that Dealer sold it while you had a deposit - I know I would! So, in fact - there is an implied agreement between the buyer and the seller that the item is "sold".

In so far as the changing of communication - Tim doesn't state who the dealer is â?? so we donâ??t know if they have stated policies or not. That any dealer would even consider giving back the full deposit after a year is unimaginable - but I've heard of stranger things.

For that - you pose an interesting question - did the gun sell for the same price as Tim had put on lay away? Only Tim or the dealer could only answer that - as we are still waiting for additional details like

- How much in total $$ was put down during that year (Tim represents it as a "substantial amount" - so my guess would be about 50% to 75% of the price of Luger? If it was less then 50% after a year, I'd challenge that it was a substantial amount given the final purchase price - especially after a year..?)

- We also don't know what the Luger's selling price was - so my $24,000 annual cash flow loss may be understated or over stated... Also, did the dealer take the same price from the new buyer?

- And how soon after the deal went "South" was that Luger re-sold? If it was less then the example I used for my 2 months cash flow scenario - then perhaps the inventory turn example I used should be restated to that period (1 month or three months or... - for example?)....

Anyway - lots of questions - but my guess is that there are two sides to the story. There always are...

Best to you Ed..!!! See you this week!!!!!

02-25-2002, 07:23 PM	#6
John D. Administrator & Site Owner LugerForum Patron Join Date: Jun 2002 Location: A Little NE of Somewhere... Posts: 2,651 Thanks: 478 Thanked 517 Times in 129 Posts	Re: SOME THOUGHTFULL EXPLAINATION(LONG) Hi Ed.! Thanks for the comments back - and let me address a few of your points, as I think it may be helpful for some. A "law away" is a purchase. It isn't anything less. In other words, if you go to a car dealer - and put a deposit on a car - they move it from the "For Sale" line to the "Sold" line. Using that same analogy - a gun dealer removes a Luger that has a deposit on it from their "For Sale" inventory to their "Sold" area. Now - if you have a Luger on "lay away" - my guess is you'd be pretty upset of that Dealer sold it while you had a deposit - I know I would! So, in fact - there is an implied agreement between the buyer and the seller that the item is "sold". In so far as the changing of communication - Tim doesn't state who the dealer is â?? so we donâ??t know if they have stated policies or not. That any dealer would even consider giving back the full deposit after a year is unimaginable - but I've heard of stranger things. For that - you pose an interesting question - did the gun sell for the same price as Tim had put on lay away? Only Tim or the dealer could only answer that - as we are still waiting for additional details like - How much in total $$ was put down during that year (Tim represents it as a "substantial amount" - so my guess would be about 50% to 75% of the price of Luger? If it was less then 50% after a year, I'd challenge that it was a substantial amount given the final purchase price - especially after a year..?) - We also don't know what the Luger's selling price was - so my $24,000 annual cash flow loss may be understated or over stated... Also, did the dealer take the same price from the new buyer? - And how soon after the deal went "South" was that Luger re-sold? If it was less then the example I used for my 2 months cash flow scenario - then perhaps the inventory turn example I used should be restated to that period (1 month or three months or... - for example?).... Anyway - lots of questions - but my guess is that there are two sides to the story. There always are... Best to you Ed..!!! See you this week!!!!!