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ethical delimma

Nocturnal

Lifer
ok, i sold my car last night. i had two peple check it out. the first guy said that he would give me 2300.00. my asking price was 2500.00. so i went to show it to another guy like right after that. he said he would give me 3000.00 with my rims on the car. so i told him ok.

now, i sold the car. i did not ask the other guy if he wanted to top the price. that is my loss and my fault.

but should he have put me on the bad traders list for another forum?

i really feel that i have done nothing wrong. money did not exchange hands or anything like that. it was a verbal agreement. also, when he looked at it he looked like he really didnt want to spend up to 3k for the car. but i did not ask him if he wanted to top it. am i wrong here?
 
So wait,

Dude 1 = $2300
Dude 2 = $3000

Dude 1 said he'd buy it for $2300, you said I'll think about it, then Dude 2 said I'll give you $3000, so you sold it.
If that's correct, then no, you aren't wrong. That's selling. Money talks, BS walks.
 
did u tell the first guy you would sell it to him for $2300? and then sold it without telling him

or did u tell him that u were still showing it to other people?
 
Did you tell the first guy he had a deal for $2300?

Or did he know that you were still showing it.

Selling the car for $3000 to Guy 2 without asking Guy 1 if he wanted to top it isn't wrong.

But if you had already agreed to let Guy 1 have it for $2300 before you sold it to Guy 2, that could be considered wrong.
 
Unless you told the first potential buyer that you would accept his lowball bid, then no, you haven't done anything wrong. I generally tell people who bid below my asking price that they do not have a place in line to buy what I am selling, and that I will sell first to anyone else who comes along in a timely fashion and actually meets my asking price.
If that other first buyer had actually wanted to buy what you were selling, then he should have at least met your asking price, end of story.
 
If you told me "yes I'll sell it for 2300" then told me later "no I sold it to someone else" I'd be peeved, backing out of a deal is worth at least a neutral rating to warn others that your word isn't 100% reliable.
 
depends what exactly was said in your verbal agreement. he cant say anything really since the verbal agreement is only as good as your word, if in fact you did say u'd sell it to him.
 
I don't see anything wrong with this unless you explicitly said, "okay I will sell you the car for $2300." I defintely did not get that impression from what you said.

He didnt even match your offer of $2500, f*** him.

Good job selling your car for more than your asking price😀

Spac3d
 
Originally posted by: Spac3d
I don't see anything wrong with this unless you explicitly said, "okay I will sell you the car for $2300." I defintely did not get that impression from what you said.

He didnt even match your offer of $2500, f*** him.

Good job selling your car for more than your asking price😀

Spac3d

The first point is right on. If you agreed to take the $2300 then backed out then yes you deserve the negative.

The second point is ludicrous. Since when does asking price become the drop dead price. It makes no difference at all if he met your asking price if you agreed to sell for less.

He didn't sell for more than he was asking. The $2500 was without the wheels.

 
In the car biz unless money changes hands and papers are signed either party can back out at any time.

The details do not matter. No money changed hands as in a deposit so no agreement was reached.
 
Legally, that's probably correct. But the question was should he get a bad trader eval.

If (that's IF, we don't actually know) someone offers me $2300 for my car and I agree, I think it's reasonable for the guy to assume we have a deal even if he hasn't paid yet. Certainly he may need to go to the bank and get the money, and arrange a time with me to do the title transfer. If I back out I may be on solid legal ground, but to me this is no different from any FS/FT deal where an agreement is reached via PM or email. Just because the money hasn't reached the seller yet doesn't mean I can continue to peddle my item to see if I can get more money for it.

In fact, if this was a FS/FT deal I would bet NO ONE would think this is fair.
 
Originally posted by: kranky
Legally, that's probably correct. But the question was should he get a bad trader eval.

If (that's IF, we don't actually know) someone offers me $2300 for my car and I agree, I think it's reasonable for the guy to assume we have a deal even if he hasn't paid yet. Certainly he may need to go to the bank and get the money, and arrange a time with me to do the title transfer. If I back out I may be on solid legal ground, but to me this is no different from any FS/FT deal where an agreement is reached via PM or email. Just because the money hasn't reached the seller yet doesn't mean I can continue to peddle my item to see if I can get more money for it.

In fact, if this was a FS/FT deal I would bet NO ONE would think this is fair.

I totally agree.

However, most people are reasonable. When I have been in these situations (one very recently), I always go to the original buyer who made the lower offer and tell them I have someone who made a higher offer. If they want to match it, then I tell them I am willing to sell it to them, otherwise I will sell it to the highest bidder.

In most cases, people have said for me to sell it to the other person (calling my bluff - I never bluff 🙂). In other cases, people get mad at me and tell me I am obliged to sell it to them for the lower price. I have never had anyone ante up and pay the extra amount. I have never sold it to original buyer for the lower price either.

In the end, I end up with most people OK with it, a very small number mad at me and the extra money 100% of the time. 🙂

 
When shopping for a car it is reasonable and prudent to be prepared to leave a deposit with the seller while making financial arrangements for the balance.

No deposit, no deal.

I've had this happen to me on various occasions involving cars and computer parts. I turned away other buyers while waiting for money and then had the origional purchaser back out!

Would that deserve a negative eval for the buyer? If we did that on this forum Heat23 would need a bigger server!
 
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