97.0 VT Roadster / 08 Gallardo Spyder
Over in the news section of this site is the recent and currently unfolding story of CNC Motors in Upland CA and fraud allegations. Supposedly they are being accused of borrowing money by using consigned exotics for collateral and/or selling exotic cars but not forwarding sales proceeds to the owners. Supposedly both involved giving the cars and titles to the consigning dealer. Serious allegations for sure, and a reminder to be super diligent in sales and purchase transactions. I’ve never consigned a car but these alleged acts make me really think hard about how to sell one day in the future.