MSRP Increase Official.....

[atyclb]

Originally posted by Sownman
You can't get away with changing price midstream and having deposits that are non refundable. Many of us were told when we spec the cars that the deposit became non refundable.

deposits are refundable

[Sownman]

In California they are. Not neccesarily in Utah.

[globecom]

The US GNP is second to none. The US currency has not been the curency of the world for the past 100 years. If you go back to the late 1800's you will see that the British Pound was the currency of choice. But in the advent of the telegraph and the fact that after 1920's almost EVERYTHING was made in the USA, the $ became the global currency of choice for 3 main reasons:

We pegged our value of the $ to GOLD as a Universal standard ( not everyone else did );

we surpassed GB in GNP and in world dominance of products on the market;

there were no currency exchange systems in place after the 20's and US merchants demanded that all good sold outside the US be paid in $. Hence by default we became the currency of choice.

Fast forward to after world war II: the US economy was in full gear it's infrastructure unaffected by the war and other economies shattered by WW II. The US exported almost 90% of the world's manufactured goodsm, food and meats.

THE $ became cemented as the currecny of choice in spite of leaving the gold standard which was allowed to fluctuate above the magic $35.00 an ounce price.

Today, we are one of the few major goverments that DOES NOT require our politicians to BALANNCE the budget BY LAW; hence political self serving cronies spend money we don't have and keep taxing the PUBLIC ad nauseum because the US PUBLIC allows it to happen by NOT revolting and DEMANDING that our country only spend waht it can make. Foreigners allow us to spend by buying our goods, treasury notes and debt because we ARE the safest HAVEN of financial stbility these past 100 years.

OUR country is still in tact and that mEANS safety! Flash forward from the 60's where we had balanced budgets ( not always...there were the war bonds and Ike's days ) to the late 60's and overspending in Vietnam and ever since overspending until today where we ower in excess of a 7.62 trillion debt!!!

http://www.brillig.com/debt_clock/

which will take ( interest only payments at 6% ) at least $1,252,259,055 a day in payments just to keep the debt from increasing. BUT our governemnt continues to overspend at our future and out grand children's expense. It would take over 100 years at this rate to pay off the debt: Assuming they never pay it down with excess monies ( which they have only attempted three times in the last 15 years ).

So there: US $ will have a 7-11 year cycle left before mass chaos into another currency.

[globecom]

since you have a basic understanding of how the $ has become the currency of choice. OIL and GOLD were pegged to the $ becuase we had the largest economy ( still do ) and our currency was the safest NON fluctuating currency by default UNTIL we overspent in the 70's where it bagan it's slow demise.

AND by the way, we are not the only unstable currency. Georgr Soros mad a BILIION $ in a one day by shorting the british pounds against the US $!!!

"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." He was once quoted. AND the statement is a complete truism in business.

If you invested $100,000 in 1969 when Soros established the Quantum Fund and reinvested all dividends, your investment would have been worth over $150 million by the spring of 1994. At one point, analysts estimated Soros was earning over $4000 a minute.

MONEY TALKS, BS WALKS!

[LotusLust]

perhaps we need to take a lead from europe and develop a continental currency. but lets leave mexico off as soon enough the US and mexico will have merged. given the border situation and government tolerances and even support of the illegal flow that is ok. so the new system should be currency in the north american dollar system. everybody run out and get some NADS

[globecom]

Visit the national debt clock....record the number and then re visit it in 30 seoncds! Now you will begin to understand WHY the US currency is slowly dying!

I am 100% certain that EVERY SINLGE person in this FORUM would trade FIVE YEARS of their GROSS income just to have the 60 seconds of the national debt increase! ANY TAKERS?

Learn this, IF nothing else: DIVERSIFY NOW INTO OUTSIDE EQUITIES AND CURRENCIES AND GOLD.

NOT to mention what might happen when we deplete the world's known oil reseves in the next 8 years!!! MASS INDUSTRIAL CHAOS? IMO.... TIME WILL TELL.


http://www.brillig.com/debt_clock/

[Sownman]

Originally posted by globecom

AND by the way, we are not the only unstable currency. Georgr Soros mad a BILIION $ in a one day by shorting the british pounds against the US $!!!

I agree. Your statement in the other thread indicated you felt the US $ was wildly fluctuating, and unstable, as though it did it alone, or was the only moving currency. It's not, they all move, all the time.

The Euro i ssued at $1.12got as low as $.80 now its just over $1.30. The $ moved ? No, they both moved.

Steve

[globecom]

I dont believe the Euro ever went below ( intraday trade for one trade ) .82657. But close enough.

Major currency fluctuations are really only between a few currencies on a day to day basis. US $, YEN, EURO, SWISS FRANC, POUND.... and all related to the US $ move believe it or not and the EURODOLLAR and T BILL's rates!

[globecom]

11/03 until SEPT 03 and then look what happened from
October 2004 until December 31st!

http://www.xtfx.com/FinanceChart.html?symbol=EUR/USD

and

http://futures.tradingcharts.com/hist_EC20013.html

and gold

http://futures.tradingcharts.com/hist_GD.html

[fitfan]

Originally posted by MattG
Your scenario works for those with deposits, but for those with orders, it's more like, two years later, McDonalds say OK, we're ready to cook your burger now. Would you like cheese with that? Yes? That'll be an extra $.25, ok? Oh, and would you like to supersize for an addtional $.39? Sure! Then they slap your burger together, hand you the bag, and say, sorry, we decided to raise the price, we're going to charge you $.45 for cheese now and the supersize is going to cost $.75 instead of $.39. If this happened in real life, most of us would either complain to the manager until we get what was promised, or we'd take our money elsewhere.

which is exactly what i will be doing.

[globecom]

is them making our Elises! ( ha ha ).

[globecom]

I got a written committment from my dealer that my car, which is slated for a "second week" December production will be held at
MSRP $40,930; Destination $870.00; Touring $1,350; and Hardtop $1,475.00

Apparently, all cars ( with my dealer at least ) that went into production before the January price notification will for all certainty be the MSRP of above.

ALL order deposits taken before the January price increase but not yet in production will be granfathered according to the dealer's or Lotus USA discretion.

It was unclear, and I asked but my salesperson who couldn't comment because Managament was vague, whether the newep MSRP or older would would apply.

I suggest you ask your dealer to confirm in writing, as I did, what the final purchase price was going to be.

Good luck......can't wait for my AR Elise!

[mact3333]

Originally posted by globecom
I got a written committment from my dealer that my car, which is slated for a "second week" December production will be held at
MSRP $40,930; Destination $870.00; Touring $1,350; and Hardtop $1,475.00

Apparently, all cars ( with my dealer at least ) that went into production before the January price notification will for all certainty be the MSRP of above.

ALL order deposits taken before the January price increase but not yet in production will be granfathered according to the dealer's or Lotus USA discretion.

It was unclear, and I asked but my salesperson who couldn't comment because Managament was vague, whether the newep MSRP or older would would apply.

I suggest you ask your dealer to confirm in writing, as I did, what the final purchase price was going to be.

Good luck......can't wait for my AR Elise!

great, some more inconsistencies...I was told today that despite my order being faxed to Hethel on 12/3 that I would have to pay the extra 2K cause they are building the car right now in january..

[globecom]

I strongly suggest you do the following or something close:

1) Notify them IN WRITING that your order was predicated on the old MSRP, when in good faith, you gave them your deposit;

2) You understand that your order has been accepted by the factory based upon your conversations with them;

3) Had the order been placed before the MSRP increase was announced, they have a fiduciary responsibility to honor the agreement on the MSRP you were quoted; otherwise they have to refund you the money (assuming you want to cancel if the MSRP or car configuration is unnacceptable and they claim the deposit is non-refundable);

4) If they failed to notify you of an increase and processed your order anyway, then they had a responsibility to notify you prior to the order placement to allow you to choose between paying more or cancelling with a full refund, or the MUST honor the lower MSRP otherwise you can threaten to litigate the issue of either, constructive fraud, ( processing your order with the knowledge you would not pay a "penny" more and attempting to keep your deposit ) or fiduciary responsibility to advise you of the increase and seek your input before binding you to a "factory confirmation of your customized request.

There are, I am sure, other arguements, but the time and money to pursue them in court are at best, expensive. BETTER to reduce everything in writing so they have to commit to a position, and then pick the position apart piece by piece. IMO.

Again, all of the above is predicated on the fact that an "order at MSRP" gives them the opportunity to charge anything they want as long as it is the same for everyone else. YET balanced against that is a responsibilty to confirm BEFORE the factory order is accepted ( and becomes binding on you) , any changes in design or change in PRICES.

Good luck.....AND MOST IMPORTANT: REDUCE EVERYTHING IN WRITING TO ELIMINATE "HE SAID...SHE SAID"...