A modality that is beginning to be seen is to retain the buyer’s money for a time against the promise of the vehicle in question. Usually the buyer wires the money at the seller’s request, but then gets caught in a tangle of short circuits, where the car does not arrive and the money cannot be recovered immediately. With an annualized inflation that yields a figure higher than 80%, the roll is harmful for the buyer of the vehicle since, in the best of cases, a price change can make the operation more expensive.
a real case
“It is known that there is little supply of vehicles at this time, so when a dealership tells you that you can get a vehicle, they ask you for the total amount of money immediately,” says a person who asked to preserve his identity. This person points to the firm Bitcars (www.bitcars.com.ar) located at Av. Miter 1425, Avellaneda, province of Buenos Aires for a sale made during the month of April of a Peugeot 308 S Allure car, for a total amount of $7.1 million. Regarding that sale, this person points out that he still could not get the vehicle. Nor the money.
He maintains that they made him make a first sign for 4% of the total vehicle. In this case, the receipt that has reached the Ámbito editorial office indicates a first payment of $300,000 by the interested party made on April 8. A few days later, and after the company confirmed that it was necessary to make a first payment to start the process of completing the operation, a second shipment of $1.8 million was requested (and made) (April 11 ).
Finally, according to the source, Bitcars starts the operation of the vehicle. They then request the payment of the rest, in this case, a transfer of $5 million (made on April 22), and the signing of a document that accompanies that management. In that document, the company (in this case Bitcars) inserts a series of clauses, some of ordinary use linked to the availability of the unit, delays, etc. Of course, it adds among the clauses the obligation of the interested party to pay freight, patenting, that is, all the expenses associated with the operation.
But, in addition, this document maintains that the buyer must undertake to pay the price changes -if there are any on the way-, although the clause makes it clear that the same buyer has the possibility of requesting the restitution of the money paid, before any modification that could occur, both from the concessionaire and from the manufacturer with what was previously agreed.
The key, the time
The relevant thing is that, in the document, the company establishes that the mandate “has a term of validity of five months counted from the corresponding subscription”. In other words, the company is not obliged to deliver the vehicle during that time, although it should, eventually, return the money, in case the buyer requests it back.
There is much literature on the subject. There are numerous experiences related to the comings and goings of this type of issues. In an economy with high inflation, time is money, and whoever has it usually takes advantage of it, through an interest rate.
consulted from Ambit, in the Bitcars firm they recognized the operation and all the details, but pointed out that the person who signs the document knows what he is up to. “We are a company with a long history, we have a multi-brand activity, we make arrangements for our clients and sometimes the cars are delayed, we cannot always guarantee speed, but whenever a client has asked for the money to be refunded, we have done so” , said Diego Maresca, who introduced himself as one of the company’s partners.
Source: Ambito
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