Right or wrong

Pinkbits · 06-03-2011, 09:21 AM

I don't know if any of you listen to 3AW here in Melbourne so here goes.
They have a segment on early every Saturday & Sunday mornings called "buy, swap & sell"
This morning a fellow calls to sell a HG 350 Monaro. Apparently it belonged to his recently deceased brother who had had it from new or close to it.
It was said to have 16,xxx original miles (may have clocked over once, who knows) Sunburst Orange (i think) all documentation etc, even repossession warning letters from when he fell behind in his payments.
His brother who was selling it had absolutely no idea of it's worth & was asking 20k for it.
The announcer Darren James being a bit of a car buff told him that it was way too low for a car of that stature.
I don't know what happened next but Darren must have received a few e-mails from disgruntled prospective buyers that may have missed out on a bargain & read one of them on air.

What are your thoughts.
Would it have been tuff luck for the seller to let it go so cheap given the opportunity & resources to be able to get a fairly accurate estimate of it's true worth, or did the announcer do the right thing by bringing it to his attention and thus spoiling the opportunity of someone snapping up a bargain?

My opinion is that i believe he did the right thing by the seller in bringing it to his attention.

buggo · 06-03-2011, 09:26 AM

Quote:

Originally Posted by Pinkbits

I don't know if any of you listen to 3AW here in Melbourne so here goes.
They have a segment on early every Saturday & Sunday mornings called "buy, swap & sell"
This morning a fellow calls to sell a HG 350 Monaro. Apparently it belonged to his recently deceased brother who had had it from new or close to it.
It was said to have 16,xxx original miles (may have clocked over once, who knows) Sunburst Orange (i think) all documentation etc, even repossession warning letters from when he fell behind in his payments.
His brother who was selling it had absolutely no idea of it's worth & was asking 20k for it.
The announcer Darren James being a bit of a car buff told him that it was way too low for a car of that stature.
I don't know what happened next but Darren must have received a few e-mails from disgruntled prospective buyers that may have missed out on a bargain & read one of them on air.

What are your thoughts.
Would it have been tuff luck for the seller to let it go so cheap given the opportunity & resources to be able to get a fairly accurate estimate of it's true worth or did the announcer do the right thing by bringing it to his attention and thus spoiling the opportunity of someone snapping up a bargain?

I think the announcer did the right thing. How would the brother feel later finding that we could have got $100,000+ from his deceased brothers car. Not only feeling greif from the loss but regret from not reseaching the car better.
I don't think it would be right for anyone to take advantage of this naive bloke, especially considering what he's going through.

Grippy · 06-03-2011, 09:33 AM

Quote:

Originally Posted by buggo_gt

I think the announcer did the right thing. How would the brother feel later finding that we could have got $100,000+ from his deceased brothers car. Not only feeling greif from the loss but regret from not reseaching the car better.
I don't think it would be right for anyone to take advantage of this naive bloke, especially considering what he's going through.

Agreed 100%. Darren did the right thing. Letting a car of that value go for $20,000 while grieving for his brother would only add to a terrible situation.

**SSD-85** · 06-03-2011, 09:29 AM

If the seller is not aware of cars apparent market value and is informed of it, I think its the right thing to do. Then the seller can make up his mind about how much to sell it for thereafter. Whilst I dont agree with how much these cars sell for nowadays (its just stupidly ridiculous), I think its only fair that the seller gets what could be obtained for it. Because if I was in his shoes, and sold it unawares only to find out later id be incredibly annoyed.

sanchoXB · 06-03-2011, 09:31 AM

If I was the presenter I wouldnt have even put the call to air and bought it myself.
You would have to be living under a rock to think it is only worth 20k, like you said there are plenty of resources to get an idea of value.

The presenter did the right thing.

chrisfpv · 06-03-2011, 09:31 AM

He did the right thing.

I would've emailed all the people who complained and told them to shove it. I hate scumbags who jump on opportunities to take advantage at someone elses expense.

aussie muscle · 08-03-2011, 10:16 AM

Quote:

Originally Posted by XR

I hate scumbags who jump on opportunities to take advantage at someone elses expense.

just so they can flip it on ebay

xr6turbo2005 · 06-03-2011, 09:50 AM

agreed, presenter did the right thing.

these weekend radio shows, such as Macca's Australia All over, have a very loyal following and the information given on the various segments are taken as gospel by many. the presenter's has certainly done the right thing by his listener.

pottery beige · 06-03-2011, 10:10 AM

done the right thing... you'll probably find the only chumps to get upset about this are the ones looking to profiteer out of this situation......

302 XC · 06-03-2011, 10:25 AM

The right decision was made
Seriously out of all the idiots who emailed and complained did everyone think they would be the buyer

LTDHO · 06-03-2011, 10:48 AM

Disagree. If the seller does not research what they are selling, then they loose.

Now the buyer has lost out on a deal of a lifetime.

gcg2503 · 06-03-2011, 10:55 AM

Quote:

Originally Posted by LTDHO

Disagree. If the seller does not research what they are selling, then they loose.

Now the buyer has lost out on a deal of a lifetime.

Your world is very black and white isnt it?

pottery beige · 06-03-2011, 11:13 AM

Quote:

Originally Posted by LTDHO

Disagree. If the seller does not research what they are selling, then they loose.

Now the buyer has lost out on a deal of a lifetime.

hope you've got your affairs in order.. pain in the bum to come back as a cranky ghost and haunt anyone that rips off your loved ones.......

lockieoc · 06-03-2011, 11:20 AM

If the car was his and he was stupid enough not to know it value than i wold have said tough luck but because its part of his family there is know way i could not say anything. He did the right thing.

mik · 06-03-2011, 11:04 AM

honesty is the best policy of course, for those that were`nt around in those days......... http://holden.itgo.com/hg_monaro.html

pottery beige · 06-03-2011, 11:28 AM

dont forget there is a whole world of people out there that own these classics... many from new.. they're not in the scene and well out of the loop..to them its just a car, their car and would honestly have nfi of what it may be worth.......

lockieoc · 06-03-2011, 11:33 AM

Quote:

Originally Posted by pottery beige

dont forget there is a whole world of people out there that own these classics... many from new.. they're not in the scene and well out of the loop..to them its just a car, their car and would honestly have nfi of what it may be worth.......

True whether it be his or his brother's he still did the right thing.

g220ba · 06-03-2011, 11:42 AM

Wow the things people get upset about. Does honesty still exist in the general population?

Bucknaked · 06-03-2011, 11:53 AM

The ones who complain the loudest are the low lifes who like to take advantage of people. Well done the announcer.

gtxb67 · 06-03-2011, 11:59 AM

i see both sides, but in my opinion (and i do not know the true value of the car; $100,000 has been mentioned though) - isn't buying the car from an unsuspecting seller for $20,000 the equivalent of stealing $80,000. it is almost similar to someone taking your car from your garage (because you were not up to date with the latest security) and leaving $20,000 cash there. they didn't steal your car as such, but they effectively stole $80,000 from you

i could except it a little easier if the new owner was to keep it for ever and not profit as such, but have their dream car that will remain in that condition for ever, but i could not really agree to someone buying it for $20,000 and then making a huge profit

in all seriousness it is no different to the dodgy handymen that go and prey on the elderly and take their money for little or no service. not everyone knows the real value of cars, because quite simply, some people do not care for them. that does not mean we have a right to take what they have for vitually nothing. it would have been wise for the owner to have checked first without giving an expected price though

so yes, i think the announcer did the right thing - and to those who missed out too bad. there was only going to be one buyer, so most of the hopefuls would have been disappointed anyway

b0son · 06-03-2011, 12:53 PM

Quote:

Originally Posted by gtxb67

i see both sides, but in my opinion (and i do not know the true value of the car; $100,000 has been mentioned though) - isn't buying the car from an unsuspecting seller for $20,000 the equivalent of stealing $80,000.

the onus is always on the seller to do their own research before setting a price. a seller should never rely on a buyer to provide this information.

is harvey norman a thief because you can find whitegoods/appliances much cheaper elsewhere?

that said, the presenter did the right thing. as they say, to the buyers, too bad so sad.

gtxb67 · 06-03-2011, 02:24 PM

Quote:

Originally Posted by b0son

the onus is always on the seller to do their own research before setting a price. a seller should never rely on a buyer to provide this information.

is harvey norman a thief because you can find whitegoods/appliances much cheaper elsewhere?

that said, the presenter did the right thing. as they say, to the buyers, too bad so sad.

there is a saying that some people use "got it for a steal" - it has an amount of relevance

the difference with the harvey norman example is generally when in a certain business, you tend to know the value of your goods

as i put at the start of my post, i see both sides - most of my rant was against the perceived emals or calls the presenter got afterwards. the people venting their frustration at him were wrong in my opinion

i agree with buyer beware and seller beware, but morals should dictate that we do not rip people off. getting a good deal is one thing, but $80,000 - that may be taking things too far. once again, if it went to an enthusiast who would love and cherish the car instead of an opportunist who wanted a quick buck (and the seller was blissfully unaware), then i would not have much problem with it

personally i would think that anyone who says too bad for the seller, would also support those who lie about the quality of things they sell to make more money. buyer beware - seller beware; not much difference is there. however i wonder how many of those saying seller beware would not start a rant on here if they were ripped off when buying a product wrongly described

b0son · 06-03-2011, 02:55 PM

Quote:

Originally Posted by gtxb67

personally i would think that anyone who says too bad for the seller, would also support those who lie about the quality of things they sell to make more money. buyer beware - seller beware; not much difference is there.

hardly. in any transaction, the onus is on the seller to represent the goods appropriately, and price them accordingly.

where would you draw the line as a buyer finding something too cheap before informing the seller? 5%? 10%? 20%? 50%?

Jim Goose · 06-03-2011, 12:17 PM

Agree, the announcer did the right thing....

Wouldnt you like to know if someone was ripping you off?

302 XC · 06-03-2011, 12:20 PM

With mention of perhaps stealing ???

I get a little tired of hearing the stories of
"The bargain of a lifetime"
Buying that elusive 1 owner low K immaculate musclecar or whatever
To not a few months later again parade how they made a motsa when re sold
Its stories like these that make me wonder do the general population really care outside of the $$$$$
Id really like to know also out of all the whingers whom complained they could have score this bargain,
How many genuinely were buying it for keeps ???
And how many were buying it for the quick $$$

XB GS 351 Coupe · 06-03-2011, 12:48 PM

How can it be seen as stealing if the seller wants 20K and gets 20K??

Seriously unless you are a complete moron you would have some idea what the car is worth, and if you don't how about do some research before selling it!

If someone left me a house or car I know nothing about I would make enquiries as to it's value before selling it.

How would the people here feel if you were about to buy the car of your dreams for a 'good price" that otherwise you would never be able to afford and then some third party that has nothing to do with it comes along and talks the seller out of the sale, making him ask for more money, so now you can not afford the car, I bet you would not be happy.

So all the people here being 'high and mighty' if you came across an elderly widow that had this old car in the shed that she wanted to get rid of, it was her husbands,but is too loud and big for her to drive for $5000, and you rocked up and realised it was a mint condition GT of some sort worth 100K plus, I guess all you saints out there would advise her that she should sell it for 100K and walk away from the bargain - I think not!! So would you consider yourself a thief for buying the car and paying the asking price.

I think some of you people here need to get real

Ben73 · 06-03-2011, 03:26 PM

Quote:

Originally Posted by XB GS 351 Coupe

How would the people here feel if you were about to buy the car of your dreams for a 'good price" that otherwise you would never be able to afford and then some third party that has nothing to do with it comes along and talks the seller out of the sale, making him ask for more money, so now you can not afford the car, I bet you would not be happy.

So all the people here being 'high and mighty' if you came across an elderly widow that had this old car in the shed that she wanted to get rid of, it was her husbands,but is too loud and big for her to drive for $5000, and you rocked up and realised it was a mint condition GT of some sort worth 100K plus, I guess all you saints out there would advise her that she should sell it for 100K and walk away from the bargain - I think not!! So would you consider yourself a thief for buying the car and paying the asking price.

I think some of you people here need to get real

If you could never afford it at it's proper value, then you are not really losing anything are you?
Why should someone miss out on a large sum of money that they should get just so you can get what you want?

But that's what society is like. ME ME ME I don't care about anyone else.

Good work to the announcer. This guy hopefully learn to research what he is selling next time.

XB GS 351 Coupe · 06-03-2011, 04:15 PM

I can see both sides, but I feel wrong as the seller should have done his research, and it has nothing to do with the radio host, so people listing things for .99 cents on e bay should be advised by e bay that it is too cheap???

And who knows may be the car is a rust bucket and only worth 20K anyway

g220ba · 06-03-2011, 04:38 PM

Quote:

Originally Posted by XB GS 351 Coupe

so people listing things for .99 cents on e bay should be advised by e bay that it is too cheap???

That makes no sense as ebay is generally an auction based site especially when things are listed to start at 99c. Has no relevance whatsoever to the situation the op mentioned.

jpd80 · 06-03-2011, 04:55 PM

Quote:

Originally Posted by XB GS 351 Coupe

I can see both sides, but I feel wrong as the seller should have done his research, and it has nothing to do with the radio host, so people listing things for .99 cents on e bay should be advised by e bay that it is too cheap???

And who knows may be the car is a rust bucket and only worth 20K anyway

So what is wrong with the announcer inquiring about the price, would people
be complaining if it was a rust bucket and he suggested the price may be too high?

Of course not but because people are opportunists and want to pay nothing, the announcer is a baddie.....
In this instance the announcer had a moral obligation to ensure this guy didn't get taken big time.