New Member needs Advice

[KRWZN]

Hello, all.

I have been lurking for some time, and this forum has an awesome amount of info about the FJR. I have finally joined the forum, although not under the circumstances I had hoped for...

I am hoping I can find help/advice here. I have a 2006 FJR A model on order, and scheduled for delivery in March. The unfortunate part is that my financial circumstances have changed so that I am not going to be able to purchase the bike.

Can you help me understand my options for transferring the #4 slot at my dealer (in Atlanta Metro area) to another buyer, and hopefully, not losing my $500?

Many thanks in advance,

KRWZN

 

[madmike2]

1) You can try and find another person who wants an FJR.

2) You can go to your dealer and see if he'll refund your money (some have, but they don't have to.

3) You can post in the "for sale" area and see if you can find someone.

I'm sure others have more ideas.

 

[S76]

I sent you a PM with sugestions.

 

[KRWZN]

Thanks for the replies and suggestions! I was not going to approach my dealer till I had some ideas from this board, as I figured they might give me only their preferred option if I asked them first

Does anyone know if Yamaha will allow someone else to take over my purchase, pay me the $500 separately, and then accept the bike as their original purchase (ie; just pay the balance owed), or do I have to buy it and then sell it to someone?

thanks again for your advice!

 

[charismaticmegafauna]

madmike2  Posted on Feb 3 2006, 07:42 PM<snip>2) You can go to your dealer and see if he'll refund your money (some have, but they don't have to.

This is from my email inbox today about a mutual acquaintance who has an FJR: "....found a FJR at Larson's last year. "Someone" ordered it and then backed out of the deal forfeiting their downpayment." I'm not so sure that's legal (at least in some states)? Something like the illegality of a "release" -- can't be accountable for something that hasn't happened yet. I've always been told that, ultimately, if the contract isn't consumated -- the deposit must be refunded. If someone knows and cares to offer an opinion -- I think it'd be appreciated. KRWZN, you probably wouldn't want to hire a lawyer for $500 -- but maybe a letter from one?

How'd some of get us "hoodwinked" into buying into the whole PDP scam in the first place? Dealers have them on their show-room floors, for-crying-out-loud........

 

[Bounce]

Thanks for the replies and suggestions!  I was not going to approach my dealer till I had some ideas from this board, as I figured they might give me only their preferred option if I asked them first 
Does anyone know if Yamaha will allow someone else to take over my purchase, pay me the $500 separately, and then accept the bike as their original purchase (ie; just pay the balance owed), or do I have to buy it and then sell it to someone?

thanks again for your advice!

You can do such a transaction without Yamaha or your dealer even being involved. Sell your $500 deposit to the new buyer with a Bill of Sale that details the rest of the cost and arrangement between them and the dealership. When the dealer calls you to take delivery, take the new buyer in tow with you to pick it up. They pay the dealer and you have the dealer complete all the paperwork that keeps Yamaha happy with them while filling out the TTL info for the new buyer. This keeps your dealership in good shakes with Yamaha under the terms of the PdP, gets you back your $500 deposit (now instead of later), and helps the new owner avoid the costs of an addition title transfer (your selling point to the new owner and your commitment to making sure that they don't worry about you skipping out with their $500).

I'm not so sure that's legal (at least in some states)? Something like the illegality of a "release" -- can't be accountable for something that hasn't happened yet. I've always been told that, ultimately, if the contract isn't consumated -- the deposit must be refunded.

Ask a lawyer for legal advice. Ask the internet for personal opinions.

SWAG Opinion

Such a law may exist to prevent "undisclosed forfeitures". However, when an adult voluntarily enters into a legal contract and such deposits are disclosed up front as part of the terms (like with the PdP), it would seem that forfeiture would be without recourse. This would be similar to an "earnest deposit" on a house or other large purchase; the terms of which are similar (back out and lose it).

 

[SilveradoSlick]

Talk to the dealer before worrying too much about it. From what I've read on this forum, most dealers will refund the deposit. Seems like most dealers are happy to have one on the showroom floor.

 

[madmike2]

The "refund" of your deposit will depend on the volume of that dealer. A small dealer that sells one or two FJRs will not be happy to refund. Bounce's information seems to be the best.