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A Bizarre Coin Situation - Need Advice (9/19/11 Update in OP)

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    Just out the seller.... If you had my money for more then 30 days i would be tracking you down
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    Billet7Billet7 Posts: 4,923 ✭✭✭
    If you're not gonna give the guy a hard time, send me his phone number and name and I'll do it for you!!!

    I would call him and let him know how rediculous it's become. There is no reason for someone to hold on to your payment for a YEAR! Regardless of the situational facts, it sounds very unprofessional IMHO. In my line of work something like this would NEVER fly. You take care of your clients or you're out of business...simple as that!

    My gut feeling is that he didn't actually own the item, he was brokering a deal on someones behalf and then the seller decided to back out...and the dealer has spent the last while trying to get the seller to actually relenquish the item. Call him and give him an earfull, be civil but firm, give him a week to get his affairs in order but let him know that after the end of the week you will be taking action. Then get some organizations involved...Better Business Bureau, PNG, ANA, I don't know, whoever will listen.

    To me it sounds like he doesn't deserve your money. You should be charging interest for a years worth of holding on to your money.
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    PerryHallPerryHall Posts: 47,534 ✭✭✭✭✭
    Where's the person who started this thread? Is he too embarassed to participate?

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

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    deviousdevious Posts: 1,690
    The title reads more like: "A Bizarre Drug Deal Situation - Need Advice"
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    PerryHallPerryHall Posts: 47,534 ✭✭✭✭✭
    TTT so the OP can give us the rest of the story.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

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    rheddenrhedden Posts: 6,645 ✭✭✭✭✭
    Sounds like the tip of the iceberg. I bet Coinasaurus is not the only person whose money is being held hostage by this person, who may not actually be reputable after all. My advice to the OP is to get a refund now and move on.
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    CoinosaurusCoinosaurus Posts: 9,652 ✭✭✭✭✭


    << <i>Where's the person who started this thread? Is he too embarassed to participate? >>



    I'm still here. Quite a few PMs on the topic image

    I will report back as soon as I have an update (which, given the situation as it has unrolled so far will take at least a few weeks).

    Alternatively, if you follow me around at the ANA, you will see me make an appearance at said dealer's table.
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    ZoinsZoins Posts: 34,480 ✭✭✭✭✭
    Good luck!

    Maybe letting him know you'll track him down at ANA with a CU posse will convince him to find it image
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    BigEBigE Posts: 6,949 ✭✭✭
    I am very curious about this mystery object also, good luck resolving the problem and hope it has a happy ending-------------BigE
    I'm glad I am a Tree
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    pennyanniepennyannie Posts: 3,929 ✭✭✭


    << <i>BTW guys four figures cases are not handled in most small claims courts.
    image >>



    You can go for 10k in Texas, but small claims can be hard to collect.


    12 months is way to long, a good dealer would have sent the money back after 30 days of not being able to locate the item.
    Mark
    NGC registry V-Nickel proof #6!!!!
    working on proof shield nickels # 8 with a bullet!!!!

    RIP "BEAR"
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    grote15grote15 Posts: 30,144 ✭✭✭✭✭
    Even if the deal goes bad, it is unlikely I would out them, becasue I have a certain respect for their reputation

    You have a certain respect for the reputation of a person who takes you for four figures? That defies logic, really.



    Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
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    CircOnlyCircOnly Posts: 2,208 ✭✭✭✭


    << <i>Even if the deal goes bad, it is unlikely I would out them, becasue I have a certain respect for their reputation

    You have a certain respect for the reputation of a person who takes you for four figures? That defies logic, really. >>



    LOL! Reputation!? You have too much money if you lose 4 figures and still will not out this dealer. He would have been getting tired of me after one month.
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    If he doesn't deliver on the coin or the cash, plus interest (5% sounds fair), out him. I, for one, will make his life a pain in the ass until he either changes his name or moves.
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    leothelyonleothelyon Posts: 8,542 ✭✭✭✭✭
    Gee, I think I only wasted 3 minutes of my life on this one!

    Leo image

    The more qualities observed in a coin, the more desirable that coin becomes!

    My Jefferson Nickel Collection

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    CaptHenwayCaptHenway Posts: 33,876 ✭✭✭✭✭


    << <i>

    << <i>Where's the person who started this thread? Is he too embarassed to participate? >>



    I'm still here. Quite a few PMs on the topic image

    I will report back as soon as I have an update (which, given the situation as it has unrolled so far will take at least a few weeks).

    Alternatively, if you follow me around at the ANA, you will see me make an appearance at said dealer's table. >>



    Alright, who's gonna follow Coinasaurus around the bourse floor with a popcorn wagon?????

    image
    Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Also won the PNG's Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
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    PerryHallPerryHall Posts: 47,534 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>Where's the person who started this thread? Is he too embarassed to participate? >>



    I'm still here. Quite a few PMs on the topic image

    I will report back as soon as I have an update (which, given the situation as it has unrolled so far will take at least a few weeks).

    Alternatively, if you follow me around at the ANA, you will see me make an appearance at said dealer's table. >>



    Alright, who's gonna follow Coinasaurus around the bourse floor with a popcorn wagon?????

    image >>



    It might be more fun following him around with a video camera to make a recording of any fireworks.image


    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

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    notwilightnotwilight Posts: 12,864 ✭✭✭
    I agree with asking for my money back. If possible, do it in person when he has his checkbook. If he tells you he needs a bit of time tell him you'll hold the check. keep it very friendly as I can see you really want this item. I don't think $100 will get this guys attention. Since you really want this item I would offer a 10-20% premium if he can deliver in 30 days. Put a time limit on your offer to get him interested sooner. --Jerry

    For those who think you're an idiot for waiting, I understand your interest in the item, long term trust of the dealer, and how these things that seemed like a week, then a month, become a year. You did a good job keeping it general and not outing the guy or the item.

    --Jerry
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    notwilightnotwilight Posts: 12,864 ✭✭✭


    << <i>If he doesn't deliver on the coin or the cash, plus interest (5% sounds fair), out him. I, for one, will make his life a pain in the ass until he either changes his name or moves. >>



    You would pretty much guarantee yourself never to own this item. --Jerry
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    PerryHallPerryHall Posts: 47,534 ✭✭✭✭✭


    << <i>

    << <i>If he doesn't deliver on the coin or the cash, plus interest (5% sounds fair), out him. I, for one, will make his life a pain in the ass until he either changes his name or moves. >>



    You would pretty much guarantee yourself never to own this item. --Jerry >>



    So what? No coin is worth putting up with this crap.

    Also, this dealer likely doesn't have access to this coin so the chances of ever owning this coin wouldn't change by getting your money back.

    If the coin is halfway special as you claim, it will probably be sold at public auction where you can compete for it.





    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

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    CoinosaurusCoinosaurus Posts: 9,652 ✭✭✭✭✭


    << <i>Even if the deal goes bad, it is unlikely I would out them, becasue I have a certain respect for their reputation

    You have a certain respect for the reputation of a person who takes you for four figures? That defies logic, really. >>



    I said I wouldn't out them. Didn't say I wouldn't litigate image

    As far as following me around at the ANA, perhaps we'll see the first CU Forum "flash mob" image
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    SonorandesertratSonorandesertrat Posts: 5,695 ✭✭✭✭✭


    << <i>

    << <i>If he doesn't deliver on the coin or the cash, plus interest (5% sounds fair), out him. I, for one, will make his life a pain in the ass until he either changes his name or moves. >>



    You would pretty much guarantee yourself never to own this item. --Jerry >>



    The odds that he gets the item are already quite low.
    Member: EAC, NBS, C4, CWTS, ANA

    RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'

    CJ: 'No one!' [Ain't no angels in the coin biz]
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    al410al410 Posts: 2,435 ✭✭✭✭
    Most replies are from people to whom Money means some thing, I guess to some people the money has no real value so whats a year? To some people $5000 is like $5.00 , I have never had that kinda money so I don't understand this at all. Actually seems like weird thread , that a person would even want to admit to being like this unless they were really trying to get there money back, which in this case does not appear to be the case.
    JMO
    AL

    Or possible this is all joke? That makes more sense
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    stevekstevek Posts: 32,315 ✭✭✭✭✭


    << <i>

    << <i>Where's the person who started this thread? Is he too embarassed to participate? >>



    I'm still here. Quite a few PMs on the topic image

    I will report back as soon as I have an update (which, given the situation as it has unrolled so far will take at least a few weeks).

    Alternatively, if you follow me around at the ANA, you will see me make an appearance at said dealer's table. >>



    Just tell us who it is, so we can simply wait at the dealer's table for you to arrive.
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    TwoSides2aCoinTwoSides2aCoin Posts: 45,028 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>Where's the person who started this thread? Is he too embarassed to participate? >>



    I'm still here. Quite a few PMs on the topic image

    I will report back as soon as I have an update (which, given the situation as it has unrolled so far will take at least a few weeks).

    Alternatively, if you follow me around at the ANA, you will see me make an appearance at said dealer's table. >>



    Just tell us who it is, so we can simply wait at the dealer's table for you to arrive. >>



    This is getting creepy image


    image
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    ZoinsZoins Posts: 34,480 ✭✭✭✭✭


    << <i>Just tell us who it is, so we can simply wait at the dealer's table for you to arrive. >>

    image

    Nice one image
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    BochimanBochiman Posts: 25,790 ✭✭✭✭✭
    I hope this gets resolved in the RIGHT way (the OP is made whole, gets an apology, etc) and that we get an update during the ANA image

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

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    I can't hardly believe that you have waited 12 months to have this resolved. Be that as it may, make all the appropriate grievance reports to the ANA, PNG & BBB .
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    PTVETTERPTVETTER Posts: 6,109 ✭✭✭✭✭
    Big, small, or somewhere inbetween, has NO bearing.

    Sometimes the TRUTH with ALL the facts gets results faster.

    If he is set up at the ANA he must be a member of the ANA, therefore tell he your are going to ask the ANA staff for assistance.

    Gather all the facts sush as copies of cashed check and any and all contacts, emails voice mails and any other like coin shows contacts.


    Good Luck
    Pat Vetter,Mercury Dime registry set,1938 Proof set registry,Pat & BJ Coins:724-325-7211


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    jmski52jmski52 Posts: 23,959 ✭✭✭✭✭
    I can't think of a single instance in my lifetime where I've had someone hold my money for an entire year (pending delivery) and then had a positive outcome.

    Someone please explain why this particular dealer has such a great reputation.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
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    itsnotjustmeitsnotjustme Posts: 8,787 ✭✭✭
    This whole post is bizarre. Help, I've given someone my monay and they have not delivered my merchandise. But I don't want to insult them, cause I still hope to receive the item.

    Give Blood (Red Bags) & Platelets (Yellow Bags)!
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    BigEBigE Posts: 6,949 ✭✭✭


    << <i>This whole post is bizarre. Help, I've given someone my monay and they have not delivered my merchandise. But I don't want to insult them, cause I still hope to receive the item. >>




    Very true, but on the other hand, there are many bizarre forumites here who thrive on rare, strange and unusual tidbitsimage----------BigE
    I'm glad I am a Tree
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    gripgrip Posts: 9,962 ✭✭✭✭✭


    << <i>I can't hardly believe that you have waited 12 months to have this resolved. Be that as it may, make all the appropriate grievance reports to the ANA, PNG & BBB . >>



    There must be someone who could use a few $$$ if the above fails. 30 days is long enough.
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    notwilightnotwilight Posts: 12,864 ✭✭✭


    << <i>

    << <i>

    << <i>If he doesn't deliver on the coin or the cash, plus interest (5% sounds fair), out him. I, for one, will make his life a pain in the ass until he either changes his name or moves. >>



    You would pretty much guarantee yourself never to own this item. --Jerry >>



    So what? No coin is worth putting up with this crap.

    Also, this dealer likely doesn't have access to this coin so the chances of ever owning this coin wouldn't change by getting your money back.

    If the coin is halfway special as you claim, it will probably be sold at public auction where you can compete for it. >>



    1. Many dealers are stretched in many directions as they try to do too much with not enough help and things in the coin business can take longer than we are becoming accustomed to. Not saying it is OK to drag on a year but if you add the normal slowness of the coin business to the security requirements (many dealers have many SDBs in many banks in many different towns or cities) and then if the dealer is bit prone toward procrastination, I can see how this can drag on with a dealer who has ever intention of completing the deal when he locates the item.

    2. "putting up with this crap". Coin collecting isn't all about just sending in money for the coins and filling the spots. In fact, I've put off a few buyers by making coins too easy for them to buy. There is the thrill of the chase and the extra mile you have to go to make a great acquisition. This will certainly be a satisfying acquisition if it is successful.

    --Jerry
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    lkeigwinlkeigwin Posts: 16,895 ✭✭✭✭✭
    Money's gone, lesson's learned, I figure. But if I am wrong then I sure hope the OP is close to reconciliation because there is no other reason to protect this dealer unless there is more to the story than we've been told.
    Lance.

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    66Tbird66Tbird Posts: 2,858 ✭✭✭


    << <i>Money's gone, lesson's learned, I figure. But if I am wrong then I sure hope the OP is close to reconciliation because there is no other reason to protect this dealer unless there is more to the story than we've been told.
    Lance. >>



    I agree.
    Need something designed and 3D printed?
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    gripgrip Posts: 9,962 ✭✭✭✭✭
    Good to see your still around John.
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    roadrunnerroadrunner Posts: 28,374 ✭✭✭✭✭
    1. Many dealers are stretched in many directions as they try to do too much with not enough help and things in the coin business can take longer than we are becoming accustomed to. Not saying it is OK to drag on a year but if you add the normal slowness of the coin business to the security requirements (many dealers have many SDBs in many banks in many different towns or cities) and then if the dealer is bit prone toward procrastination, I can see how this can drag on with a dealer who has ever intention of completing the deal when he locates the item.


    But as already mentioned by several folks....this could also be the signs of a dealer in financial straights. The OP may not be the only creditor looking for his stuff/money.


    2. "putting up with this crap". Coin collecting isn't all about just sending in money for the coins and filling the spots. In fact, I've put off a few buyers by making coins too easy for them to buy. There is the thrill of the chase and the extra mile you have to go to make a great acquisition. This will certainly be a satisfying acquisition if it is successful.


    Or it could also be a devastating hit, the memory of which will last a lifetime. There's no "satisfying acquisition" that will ever remove the feeling of once having been royally ripped off. My first one came back in 1974 and was for about $1,000. While I wish things like that would fade away from memory..... they just don't.


    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
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    telephoto1telephoto1 Posts: 4,966 ✭✭✭✭✭
    This is most certainly not typical behavior for any reputable dealer, especially one with a supposedly stellar reputation as is claimed. Any reputable dealer would not string along someone for a year. Also, when dealing with a reputable dealer you should have an invoice or receipt of some sort... no matter what the dollar amount involved happens to be.
    Also, I fail to understand why OP insists on keeping the dealers' identity a secret...he certainly hasn't done you any favors.

    Assuming the dealer is reputable as claimed, my educated guess is one of the following:

    a) Dealer accidentally sold item in question and is trying to get it back,
    b) Dealer actually did misplace the item and is unable to locate it,
    ...or possibly,
    c) Item was lost/stolen and dealer is trying to find a replacement.

    Of course, a reputable dealer would have owned up to any of those reasons right away, offered you a refund and not strung you along for a year. So I question his "reputation".

    With the recent market swings there are a lot of dealers (even reputable ones) that are under significant cash stress and I've heard several stories of robbing Peter to pay Paul. This might be one of those scenarios. It does happen-in fact we had a 5-digit check bounced on us recently-it was made good but my point is that some guys, even good guys, can be financial nincompoops at times, and they can also get sloppy with invetory control. He might have sold it but left it on the books by accident.

    I would echo the sentiments already expressed by others here and politely but firmly tell him that 12 months is long enough to wait... either give me the coin or my money back. Simple as that. If he comes up with the piece later you can always buy it at that time if desired.

    One last thing...I don't totally buy that this guy is the only one who can get you the item in question. There are other sellers out there. Get your money back and find one of them.

    Good Luck

    RIP Mom- 1932-2012
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    renomedphysrenomedphys Posts: 3,941 ✭✭✭✭✭


    << <i>Let me get this straight, you actually believe a $100 bonus is the way to go, that it will be the motivating factor on a 4 figure coin. I am sorry to say but not only do I think your are crazy for how you let this drag out so long, but now I know your crazy when that is now your new course of action. So I am going to tell i tlike it is, that isn't a course of action, that is called wimping out. >>



    image

    If I'm this dealer, I'd have rolled your four figures into five by now. If you still can, you should get a voice recording and threaten to sue him for your money back plus loss of opportunity cost.
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    CoinosaurusCoinosaurus Posts: 9,652 ✭✭✭✭✭


    << <i>One last thing...I don't totally buy that this guy is the only one who can get you the item in question. There are other sellers out there. Get your money back and find one of them.
    >>



    There are a small number of these things out there, I know all the owners, and they are all as equally irrational as I am about getting one and locking it up.

    The dealer may be having second thoughts about letting it go & is just waiting for me to ask for my money back so they can get out the deal and it will be "my fault." I will post updates as they occur.
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    If he goes to coin shows that you know of it would be wise of you to show up with several of your friends and try to peacefully resolve it indoors, if not well then its time to meet him outside and handle the situation. Afterall he is scum for taking twelve months to deliver. Dont be a wimp stand up to this guy because he is definately taking advantage of you.
    Positive:
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    ElcontadorElcontador Posts: 7,740 ✭✭✭✭✭
    As others have written, there are number of dealers out there who take all kinds of risks with other people's money, and if it doesn't work out, go BK and then start all over again. Unless we're looking at out and out theft, they rarely, if ever do any time at the big house.

    The local bullion dealer had an "excellent reputation" in 1979 and 1980, when he was taking people's money and handing out IOUs, promsing the future delivery of bullion gold coins. The people who got the IOUs also got notices of BK filings.

    The only people to whom I would write a check and not receive the merchandise under these circumstances are Mark Feld and my rep at Heritage (the check would be sent to him, written to Heritage).

    One way or other, you need to tell this guy to "**** or get off the pot." I don't care what language you use. Public humiliation at a show, if this will happen soon, is probably your best bet. Make sure you have a number of witnesses. Bring the cancelled check.

    This is simply unacceptable. As others have written, I'm willing to be you aren't the only victim of this scam.
    "Vou invadir o Nordeste,
    "Seu cabra da peste,
    "Sou Mangueira......."
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    keetskeets Posts: 25,351 ✭✭✭✭✭
    .............................and to think how easily some of you guys trashed Ol' Funderburke, and i doubt Pepperdoodles ever did anything this bad. image

    i could live with the answer to one question------------------how in the hell can a dealer do this to someone and still be regarded with respect???
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    PerryHallPerryHall Posts: 47,534 ✭✭✭✭✭
    Coinosaurus---Was this coin a Bridgeport, CT commem half dollar that he promissed you?

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

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    Billet7Billet7 Posts: 4,923 ✭✭✭


    << <i>

    << <i>One last thing...I don't totally buy that this guy is the only one who can get you the item in question. There are other sellers out there. Get your money back and find one of them.
    >>



    There are a small number of these things out there, I know all the owners, and they are all as equally irrational as I am about getting one and locking it up.

    The dealer may be having second thoughts about letting it go & is just waiting for me to ask for my money back so they can get out the deal and it will be "my fault." I will post updates as they occur. >>



    It's one of those original lithographs of the Lamasure painting isn't it? Maybe a gavel constructed from the original mint woodwork? I say this in jest, but I have a feeling that this item is not a coin, but something related to numismatics. My curiosity is getting the better of me. I'm really interested to know what the item is, I hope everything works out for you...AND I hope you can post the item to the forum in the future!

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    telephoto1telephoto1 Posts: 4,966 ✭✭✭✭✭


    << <i>

    << <i>One last thing...I don't totally buy that this guy is the only one who can get you the item in question. There are other sellers out there. Get your money back and find one of them.
    >>



    There are a small number of these things out there, I know all the owners, and they are all as equally irrational as I am about getting one and locking it up.

    The dealer may be having second thoughts about letting it go & is just waiting for me to ask for my money back so they can get out the deal and it will be "my fault." I will post updates as they occur. >>



    Utter nonsense. Any ethical dealer who sets a price for an item and gets paid for it in good funds will SELL the item as agreed and not wait a year to do so regardless of whether they have seller's remorse. You are desperately trying to rationalize this behavior because you want the item so badly. You need to wake up and face facts...you are being hosed around, and that does not speak well to this supposedly stellar individual's ethics, nor to your level of common sense. Get the item or get your money. Tomorrow. Otherwise it is very possible that you will eventually have neither.

    RIP Mom- 1932-2012
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    kiyotekiyote Posts: 5,614 ✭✭✭✭✭
    Someone stealing money isn't really all that bizzare. It happens ever day.
    "I'll split the atom! I am the fifth dimension! I am the eighth wonder of the world!" -Gef the talking mongoose.
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    LakesammmanLakesammman Posts: 17,666 ✭✭✭✭✭
    Coinosaurus - Almost bit on the "sellers remorse" bait. Nice try. image
    "My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose, Cardinal.
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    ShamikaShamika Posts: 18,785 ✭✭✭✭


    << <i>.............................and to think how easily some of you guys trashed Ol' Funderburke, and i doubt Pepperdoodles ever did anything this bad. image]

    Ahhh Pepperdoodles. I miss how he would TYPE IN CAPS ALL THE TIME AS IF SCREAMING AT US ALL!!!


    Buyer and seller of vintage coin boards!
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    coinpicturescoinpictures Posts: 5,345 ✭✭✭
    No offense is intended to the OP, but... I gotta call it as I see it:

    You deserve whatever happens.

    From your comments, you're actually condoning, if not encouraging this dealer's methods. That being the case, what's the problem? You're evidently content to loan him money interest-free for as long as he wants it, with nothing in return.

    Thread over.

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