gloat gloat double gloat
 

acquired at auction today
a complete Hoffman lineboring setup

everything was crated and all i could identify was a small hydraulic power
unit , bid based on that

got near 50000 for 1900 , dam now I got go in the portable lineboring
business

might try to sell it to the boss, we do a fair amount of it at work , but
jeez this stuff is the bees knees compared to what we are using

dam dam, called the manufacturer to find out about some accessories they
make for this boring rig, and surprise surprise , they were never paid for
it at all , as this was not a bankruptcy auction , they still have quite an
ownership issue with it, guess the lawyers get involved now ,

they did offer to refund my money for a repo fee , if I box it for return
transit

good news is the boss likes it and may try to work out a purchase ,


buyer beware , dammit

In article ,
says...
dam dam, called the manufacturer to find out about some accessories they
make for this boring rig, and surprise surprise , they were never paid for
it at all , as this was not a bankruptcy auction , they still have quite an
ownership issue with it, guess the lawyers get involved now ,

they did offer to refund my money for a repo fee , if I box it for return
transit

good news is the boss likes it and may try to work out a purchase ,


buyer beware , dammit



I don't know how much money we're talking here, but if it's
substantial I wouldn't give up without paying for some
legal advice. You took a risk by bidding on the item in
good faith, it seems to me you're entitled to a gain
commensurate with that risk. How far do you suppose you'd
get if you discovered you'd purchased an empty box and
tried to bring it back to the auctioneer the day after the
auction?

Ned Simmons

I am only out about 2200 with the buyers premium and all , and Hoffman
agreed to reimburse me if I can crate it up for return shipment, not too bad
of a deal

but I think my boss is going to try to buy the set-up outright for a reduced
price,


really is a nice set up , makes York and climax look like toys

So, next time, don't gloat before you cross the moat ;^)



On Wed, 15 Sep 2004 18:30:43 -0500, "williamhenry"
wrote:

dam dam, called the manufacturer to find out about some accessories they
make for this boring rig, and surprise surprise , they were never paid for
it at all , as this was not a bankruptcy auction , they still have quite an
ownership issue with it, guess the lawyers get involved now ,

they did offer to refund my money for a repo fee , if I box it for return
transit

good news is the boss likes it and may try to work out a purchase ,


buyer beware , dammit

Don't forget to charge them labor and materials.

Koz

williamhenry wrote:

dam dam, called the manufacturer to find out about some accessories they
make for this boring rig, and surprise surprise , they were never paid for
it at all , as this was not a bankruptcy auction , they still have quite an
ownership issue with it, guess the lawyers get involved now ,

they did offer to refund my money for a repo fee , if I box it for return
transit

good news is the boss likes it and may try to work out a purchase ,


buyer beware , dammit

its still mine till its settled , isn't possession still 9/10s

or did they change that while I wasn't paying attention?

of course they could try and make your life hell for "trafficing in
stolen goods". Not that you did but they probably have lawyers on
retainer just to ruin your day.

I guess it depends on their contract with the customer. Ours says we
retain ownership until paid, secured against the goods or monies
collected in the sale of those goods. If their contracts didn't, the
only thing in dispute is the money the original owner owes them...you're
out of the loop.

Make em prove that they retain ownership before you return it. Just
because they haven't been paid doesn't mean they still own it. (reams of
this kind of stuff under UCC rules...google it)

Koz

williamhenry wrote:

its still mine till its settled , isn't possession still 9/10s

or did they change that while I wasn't paying attention?