@David K posted:
Well we are both right Mitch. I not sent him any money but had already sent him my paperwork buildsheet for my order (356 Cabriolet, improved scissor frame roof, electric roll up windows, 5 speed manual trans on a turbo engine, luggage rack, dark town leather interior, AC, headlight rock grates ... A touring 356). I called him up this week to say I just could not stomach the uncertainty about completion date he himself said was endemic to his process. I tried then to give him some business advice. I probably would not pay the amount that he should be changing to produce his cars but nontheless suggested he should do so.
Good on ya, David. You're risk analysis is good enough, and that is what counts.
I would add that, in a setting like the World Series of Poker, one variable that is much reduced, if not eliminated, is cheaters.
Sometimes it's hard to work into your calculation the possibility that a counterparty is simply lying, and that their product's curiously low price is not a business error, but the essential element of their business model, second only to the rather significant up-front deposit.
Glad you dodged this bullet.