Gary: Denile is not just a river in Egypt! /ubbthreads/images/graemlins/blush.gif
Ron: What a kick in the nuts...this is not something I would wish on anyone, ....well maybe a certain Mr. Lubinsky, but certainly not you, who has gone above and beyond to provide a needed service to the GT40 community.
The sad reality is that as I have said before, this is not a group of savvy businesspeople who build these cars, it is a group of rabid enthusiasts who may or may not have good business sense. Not to mention any one of the hundreds of unseen circumstances that can appear and turn the already maginal cashflow into a river of red that the local bank manager will not like one small bit! /ubbthreads/images/graemlins/bash.gif
In retrospect, good business sense would require the deposit to be held in escrow. The real world is that said deposit funds the manufacturers daily expenses and development. The bank will not lend funds against the escrowed deposits as there is no history of performance to use as a rating. Classic catch 22 in action. Both the builder and the customer are at risk, and both will feel the pain of insolvency, BK, CVA or whatever form it takes.
I know the other legit manufacturers (and not to imply that RF is not legit) take no joy in this as it paints all small volume manufacturers with the same brush. I know from first hand experience...I was involved in a small volume automotive start-up in the early 80's. When DeLorean went tits for ass, and John Z. was caught moving significant weight, all the money sources dried up as they thought all start ups would go the same way and if John Z. a former GM guy couldn't do it, how could we?
Sad....... /ubbthreads/images/graemlins/soapbox.gif
Rick
Ron: What a kick in the nuts...this is not something I would wish on anyone, ....well maybe a certain Mr. Lubinsky, but certainly not you, who has gone above and beyond to provide a needed service to the GT40 community.
The sad reality is that as I have said before, this is not a group of savvy businesspeople who build these cars, it is a group of rabid enthusiasts who may or may not have good business sense. Not to mention any one of the hundreds of unseen circumstances that can appear and turn the already maginal cashflow into a river of red that the local bank manager will not like one small bit! /ubbthreads/images/graemlins/bash.gif
In retrospect, good business sense would require the deposit to be held in escrow. The real world is that said deposit funds the manufacturers daily expenses and development. The bank will not lend funds against the escrowed deposits as there is no history of performance to use as a rating. Classic catch 22 in action. Both the builder and the customer are at risk, and both will feel the pain of insolvency, BK, CVA or whatever form it takes.
I know the other legit manufacturers (and not to imply that RF is not legit) take no joy in this as it paints all small volume manufacturers with the same brush. I know from first hand experience...I was involved in a small volume automotive start-up in the early 80's. When DeLorean went tits for ass, and John Z. was caught moving significant weight, all the money sources dried up as they thought all start ups would go the same way and if John Z. a former GM guy couldn't do it, how could we?
Sad....... /ubbthreads/images/graemlins/soapbox.gif
Rick