Solid Axle Commission ?
Thread Starter
Drifting
Joined: Jun 2001
Posts: 1,746
Likes: 428
Solid Axle Commission ?
If your buddy has asked you to find him a 57 and you spent 2-3 weeks calling dozens of ads and talking with tons of people and finally found and negotiated a good price and arranged shipping so basically all my friend has to do is write a check and turn the key. What would that be worth? My brother-in-law says 10% of the final documented amount. What do you guys think?
Thread Starter
Drifting
Joined: Jun 2001
Posts: 1,746
Likes: 428
Whoops, I guess you are right about that one. It should have been discussed. He told me to find one and then he went out of town for two weeks. I guess I would have told him, "this is gonna cost you" after a couple of days of researching... but he was out of reach. I would never finish the deal without telling him the truth, and giving him an option to either go through with this or find one on his own. I am a very honest person and would feel horrible if someone that I admired felt different.
thanks,
livin
thanks,
livin
Race Director
Joined: Feb 2004
Posts: 14,984
Likes: 185
From: CT
Originally Posted by livin
If your buddy has asked you to find him a 57 and you spent 2-3 weeks calling dozens of ads and talking with tons of people and finally found and negotiated a good price and arranged shipping so basically all my friend has to do is write a check and turn the key. What would that be worth? My brother-in-law says 10% of the final documented amount. What do you guys think?
I've found that really good friends don't charge one another for something like this. You do him a favor, and somewhere down the line he does you a favor - that's what friends do. If he not really a "friend" compute how many hours he spent and then attach a per hour dollar amount, $50 an hour, $60, $75 or whatever is appropriate for the area of the country that you live
Melting Slicks
Joined: Dec 2002
Posts: 2,257
Likes: 6
From: Mission Viejo California
Originally Posted by GCD1962
I've found that really good friends don't charge one another for something like this. You do him a favor, and somewhere down the line he does you a favor - that's what friends do.
A long while back (1974), I found a nice '66 Mustang Convertible for a friend. It was very, very nice and the price was $475.
A few years later I ran into him and he bragged about how he had not spent anything on the car but sold it 6 years later for $4700 ! (did he offer a share in the profits? -- no)
I felt pretty bummed because it took a lot of work for me to find that car for him and I thought even a hundred bucks would have been a nice gesture.
--------------------
Well, in 1998 this guy calls me from out of the blue and tells me his dad had passed away and would I like to buy his dad's old Corvette for $16,000 ?
Turns out it's an all original (except for one carb) 1967 427-400hp car. I told him it was worth way more than that and he said, "I know, but we're friends and I know how much you like old cars".
My brother ended up buying it.
Now, let's see if my brother ever shows HIS appreciation when he sells that car?
(no, I don't think he will either
)
Thread Starter
Drifting
Joined: Jun 2001
Posts: 1,746
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and these are the same kind of things I am thinking.
I would buy the car myself for what he is going to pay, pay 5000 dollars for the correct 245 horse 2x4 engine and complete correctly dated #'s matching set-up that I have ALREADY found and sell it next summer for a lot more than 10% profit!!!!
decisions, decisions, decisions..........
I would buy the car myself for what he is going to pay, pay 5000 dollars for the correct 245 horse 2x4 engine and complete correctly dated #'s matching set-up that I have ALREADY found and sell it next summer for a lot more than 10% profit!!!!
decisions, decisions, decisions..........
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Melting Slicks
Joined: Oct 2001
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From: Wa.
Originally Posted by GCD1962
I've found that really good friends don't charge one another for something like this. You do him a favor, and somewhere down the line he does you a favor - that's what friends do.
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I've located cars for a lot of friends over the years and never charged them. They usually remember me when it counts. But I was a little upset when a friend flipped a car for a nice profit in less than two weeks. I no longer consider him a friend. Only burned once.
Melting Slicks
Joined: Jul 2004
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From: Kissimme now from LI,NY
good call
Originally Posted by livin
I am not going to charge him!!!!!!!!!!!!! 
Thanks guys!!!!!!!!!!!!
livin
Thanks guys!!!!!!!!!!!!
livin
Good call..
If he's trully a friend, than your joy will be seeing him in a car that YOU found for him... /jc
Drifting
Joined: Apr 2005
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From: Hawaii
Originally Posted by joec
Good call..
If he's trully a friend, than your joy will be seeing him in a car that YOU found for him... /jc
You're a good friend. But if he decides to flip the car anytime soon, I would be the first in line for a cut.......and let him know that ahead of time.