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Creative Ways of Buying and Selling?
#13986976
05/05/21 07:28 PM
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Joined: Jan 2003
Posts: 4,012
texcajun
OP
TFF Team Angler
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OP
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Joined: Jan 2003
Posts: 4,012 |
In recent years I've purchased boats, vehicles, etc. from individuals where I wasn't going to have the cash on hand to purchase the item until I sold my previous vehicle/item. When I approached the seller I would offer a significant cash down payment to have the item taken off the market. The stipulation would always be that If I didn't return within 30 days with the remaining purchase amount they were free to keep the money and sell the item to whomever they want. While this bought me time to gather my finances, it also prevented items from being sold out from under me. This approach has served me well many times, though it has always been with individuals, never entities.
What are some other creative ways you've managed to acquire items?
2002 Scandy White, 2002 Yamaha 90 Point me towards the water!
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Re: Creative Ways of Buying and Selling?
[Re: texcajun]
#13987000
05/05/21 07:48 PM
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Joined: Nov 2009
Posts: 39,366
Dan90210 ☮
Jr Deputy Dan
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Jr Deputy Dan
Joined: Nov 2009
Posts: 39,366 |
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Re: Creative Ways of Buying and Selling?
[Re: texcajun]
#13987072
05/05/21 08:23 PM
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Joined: Apr 2017
Posts: 12,181
tmd11111
TFF Guru
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TFF Guru
Joined: Apr 2017
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That sound like a good way to get jacked up
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Re: Creative Ways of Buying and Selling?
[Re: texcajun]
#13987100
05/05/21 08:40 PM
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Joined: May 2009
Posts: 978
MAK747
Pro Angler
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Pro Angler
Joined: May 2009
Posts: 978 |
Saved until I could afford it and then bought it.
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Re: Creative Ways of Buying and Selling?
[Re: tmd11111]
#13987123
05/05/21 08:53 PM
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Joined: Jan 2003
Posts: 4,012
texcajun
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OP
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That sound like a good way to get jacked up How so?
2002 Scandy White, 2002 Yamaha 90 Point me towards the water!
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Re: Creative Ways of Buying and Selling?
[Re: MAK747]
#13987125
05/05/21 08:55 PM
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Joined: Jan 2003
Posts: 4,012
texcajun
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OP
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Saved until I could afford it and then bought it. Valid purchase option, but not very creative. Keep in mind, I paid cash for all my purchases, so I could actually afford them.
2002 Scandy White, 2002 Yamaha 90 Point me towards the water!
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Re: Creative Ways of Buying and Selling?
[Re: texcajun]
#13987131
05/05/21 08:59 PM
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Joined: Jul 2010
Posts: 9,519
TR176
TFF Celebrity
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TFF Celebrity
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That sound like a good way to get jacked up How so? How do you get your money back if they keep your $ and tell you to buzz off?
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Re: Creative Ways of Buying and Selling?
[Re: texcajun]
#13987141
05/05/21 09:02 PM
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Joined: Feb 2007
Posts: 28,566
Gusick
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TFF Guru
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Offer to pay them in lottery tickets of a lesser value. Saves they buyer money and gives the seller a chance to get rich.
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Re: Creative Ways of Buying and Selling?
[Re: TR176]
#13987144
05/05/21 09:03 PM
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Joined: Jan 2003
Posts: 4,012
texcajun
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OP
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That sound like a good way to get jacked up How so? How do you get your money back if they keep your $ and tell you to buzz off? I suppose I've been lucky. Or maybe I've just worked with a better class of people. Everyone I've worked with has been honorable. There are a few honorable people out there still.
Last edited by texcajun; 05/05/21 09:04 PM.
2002 Scandy White, 2002 Yamaha 90 Point me towards the water!
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Re: Creative Ways of Buying and Selling?
[Re: Gusick]
#13987148
05/05/21 09:07 PM
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Joined: Jan 2003
Posts: 4,012
texcajun
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OP
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Offer to pay them in lottery tickets of a lesser value. Saves they buyer money and gives the seller a chance to get rich. Now that's creative! Not sure it would work, but definitely creative.
2002 Scandy White, 2002 Yamaha 90 Point me towards the water!
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Re: Creative Ways of Buying and Selling?
[Re: texcajun]
#13987151
05/05/21 09:11 PM
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Joined: Jan 2003
Posts: 4,012
texcajun
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OP
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Posts: 4,012 |
Keep in mind the only person in my scenario that could get screwed is the buyer. If he fails to show up in the agreed upon time, the seller still gets to keep the cash, and sell his item to the next person.
I would contend that the buyer isn't even being screwed since that is the arrangement everyone agreed on.
2002 Scandy White, 2002 Yamaha 90 Point me towards the water!
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Re: Creative Ways of Buying and Selling?
[Re: texcajun]
#13987158
05/05/21 09:17 PM
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Joined: Jan 2018
Posts: 141
LMG
Outdoorsman
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Outdoorsman
Joined: Jan 2018
Posts: 141 |
Its like something out of the show Shameless.
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Re: Creative Ways of Buying and Selling?
[Re: texcajun]
#13987161
05/05/21 09:20 PM
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Joined: Jan 2003
Posts: 4,012
texcajun
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OP
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Sadly, too many of you fellas are looking for scams where none exists. Or at least those of you that are chiming in. In my case, the buyer and seller walked away from the deals satisfied.
2002 Scandy White, 2002 Yamaha 90 Point me towards the water!
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Re: Creative Ways of Buying and Selling?
[Re: texcajun]
#13987189
05/05/21 09:43 PM
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Joined: Aug 2006
Posts: 18,118
COFF
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Keep in mind the only person in my scenario that could get screwed is the buyer. If he fails to show up in the agreed upon time, the seller still gets to keep the cash, and sell his item to the next person.
I would contend that the buyer isn't even being screwed since that is the arrangement everyone agreed on. It is wise to put any deal in writing, but I'd especially put this type of deal in writing. You want it stated that the seller has accepted cash, and that cash applies to the full amount owed. The other risk you run as the buyer is if the seller wrecks the car before you close the transaction. What happens to your down payment then?
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Re: Creative Ways of Buying and Selling?
[Re: texcajun]
#13987191
05/05/21 09:44 PM
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Joined: Jun 2005
Posts: 23,930
Nocona Brian
TFF Guru
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TFF Guru
Joined: Jun 2005
Posts: 23,930 |
I can't imagine trusting anyone with a sum of money, and expecting my phone call or text to get answered when I have the rest of it this day and age.
Having a dad who's a CPA, I learned at a young age you never pay asking price, even at the grocery store, there's always wiggle room.
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