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97.0 VT Roadster / 08 Gallardo Spyder
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Discussion Starter #1
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.
 

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2021 Huracan EVO RWD
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The CNC story gives one pause and I think many are going to be tad gun shy with consigning a car going foward. Apparently, the CNC facility is is now vacated and that is not a good sign for those with unresolved transactions.
 

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Bring it to a trusted Dealer...I cant speak for other Dealers, but for me, I do NOT USE or have a Line of Credit...I use all my OWN money so never have to worry about finding sneaky ways to fund purchases.

I do know most Dealers are SHOCKED when they learn we dont use flooring or have a LOC with banks..I guess most are just rich on "paper" and not TRULY Liquid rich and secure.

Just my 2 cents
 

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2021 Huracan EVO RWD
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4,660 Posts
Bring it to a trusted Dealer...I cant speak for other Dealers, but for me, I do NOT USE or have a Line of Credit...I use all my OWN money so never have to worry about finding sneaky ways to fund purchases.

I do know most Dealers are SHOCKED when they learn we dont use flooring or have a LOC with banks..I guess most are just rich on "paper" and not TRULY Liquid rich and secure.

Just my 2 cents
Thanks for your input Roy, glad to hear it. There will always be honorable and not so honorable people and the same applies to businesses. It's the way of the world.
 

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I'm sending my car to Roy for consignment.

Roy helped me buy my car 10 yrs ago and I'll appreciate his help on buying my next one.

Roy's (and his staff (and kids!)) reputation are second to none.
 

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I'm sending my car to Roy for consignment.

Roy helped me buy my car 10 yrs ago and I'll appreciate his help on buying my next one.

Roy's (and his staff (and kids!)) reputation are second to none.
Thanks for the kind words. I am happy we AND my kids took proper care of you.

Here when ever you need us !!

Roy
 

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I'm sending my car to Roy for consignment.

Roy helped me buy my car 10 yrs ago and I'll appreciate his help on buying my next one.

Roy's (and his staff (and kids!)) reputation are second to none.
Cats Exotics is the best. I bought a 92 Silver Ferrari 512tr from them which was on consignment. No worries or problems.
 
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