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Forum Ethics
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<blockquote data-quote="Morne Coetzee" data-source="post: 865190" data-attributes="member: 17259"><p>Maybe a bit off topic, but I walked into a car dealership once and on the floor was the exact spec and colour car that I was looking for, (limited edition last one in stock) so I told the saleman that I wanted to buy it cash there and then. I was told that the car had already been sold pending the approval of the buyers finance. After two weeks of waiting the finance was approved and the car was sold. I ended up buying a different brand of car since that special edition car was no longer being offered. Would you say that this is good business or risky? Should a cash buyer have more leverage than someone buying on credit? Can you consider a credit application as a first come first serve or the person with cash in hand that arrives second?</p></blockquote><p></p>
[QUOTE="Morne Coetzee, post: 865190, member: 17259"] Maybe a bit off topic, but I walked into a car dealership once and on the floor was the exact spec and colour car that I was looking for, (limited edition last one in stock) so I told the saleman that I wanted to buy it cash there and then. I was told that the car had already been sold pending the approval of the buyers finance. After two weeks of waiting the finance was approved and the car was sold. I ended up buying a different brand of car since that special edition car was no longer being offered. Would you say that this is good business or risky? Should a cash buyer have more leverage than someone buying on credit? Can you consider a credit application as a first come first serve or the person with cash in hand that arrives second? [/QUOTE]
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