Well it's winding down. Full Disclosure:
My son bought a car from someone here, put time and money into it, drove it, loved it; until a friend offered his mother's Audi Allroad. $1500 for the car, $6500 for a totally rebuilt engine with quality parts (not Chinese copies) so the Saab was sold.
A month later, the buyer calls, wants his money back. No. Says right on the Bill of Sale As-Is.
3 months later Ian gets a letter, I want my money back. Ian's lawyer said to tear it into tiny pieces and toss it in the air, don't worry about it.
4 months after that, he gets the Summons, being sued for $15-$20,000.
The buyer has a friend with him for the test drive, turns out the friend is an Associate with a law firm as he graduated from a not so prestigious college the year before. Friend goaded the buyer into the suit. Ian offered $2,000 and a Release against further action.
This morning he got a call from the law firm; from the guy whose name is on the letterhead. The friend cannot litigate as an Associate. "Here's the deal ...... ".
Guy wants $5,000 to go way. If we go to trial it will be at least $5000 + court costs and lawyer fees.
Ian offered $3000. Guy counters with $4000. Ian says OK, but - - for $4000, I get the car back, and your client has it delivered it to me in running condition AND a Release of further action. I just want this to end and I don't want to see your client. The BoS said AS-IS.
Lawyer says, no, the paperwork for Ct DMV has no spot for As-Is. Ian told the lawyer he has paperwork as does the client, signed by him and the client that says As-Is.
"I don't mind going to court. My attorney is ______________ (an acquaintance who represents some well know people and carries weight in NYC & CT). I am advised that this is a nuisance lawsuit and your client will be laughed out of court with the evidence we have. Trust me, my legal fees will be much higher than what you may be charging your client. By the way, an associate of your firm was present in the sale and advised your client to pursue this action knowing it was an As-Is sale. That is not in keeping with the ethical code and law of the profession."
I will take your offer to my client and get back to you by the end of the week.
So, the knucklehead gets his money back and there's a car for sale at around $500 coming soon. And there may be an Associate in the E36 M3 with his boss....
Dan