Long winded scam?
Like I stated at the end of the post I am open to any and all ideas. I am not here to scam people nor am i here to make a profit, I am a car enthusiast like many people on here. If no one on here is comfortable putting anything down that is fine. Like I said I am still most likely planning on doing the conversion. The downside though is that I will not be able to produce multiple kits at the same time. For example if Joe Smith wants to buy one after he sees it completed I will be happy to sell it to him, but at that point in time I will still need money up front for machining, wiring, etc. I am not in a financial position to build 10 kits and hope they sell, unless there is money down I will not comfortable building more than one set at a time. If no one is wiling to put anything down, and trust me I understand not wanting to, then I will be looking at this kit as more of a profit turner rather than a community helper. I understand the skepticism about putting money down but also understand that this is a project for me, not my full time job.
So if no one likes the idea of putting money down I understand. The last two options that I thought of are these:
#1- I will do the build based upon the assumption that people are more curious about seeing this done rather than doing it themselves. Therefore I will build one kit. If members like it I will build as many as kits as I have orders for. I will not ask for anything down but now I will have to CMA (cover my A@#). Therefore, I will need to turn enough profit on these kits that if someone orders one and backs out I will not be in the red. So basically instead of getting it at cost I will be charging what my time is worth plus all parts associated.
#2- As stated before I will figure out all kinks before I make any kits, I will not sell anything that is subpar. I will create a legally binding contract (my brother is a lawyer) between myself and the purchaser of the kit. I will require a 500 dollar down payment that I am unable to withdraw until the kit is complete and the consumer is happy. This will mean that everything in the kit is as stated and will work with your vehicle. If this is the case I will then withdraw all down payments to pay for machining costs as well as parts. Once each kit is ready I will require the rest of the payment in full. Once received the kit will be shipped out within 2 business days. Because I will not be able to access the funds until everything is ready I will be making a profit on the kit, I have not figured how much but I will need to make some money.
I thought my offer of selling the kit at my cost was more than fair, apparently that came off as sounding like a scam though. So you can disregard my previous post about payments in advance especially if you feel like it is a scam.
I understand I have only been on here for a short while, but I have been a lurker for years and decided to sign up after I had purchased the NorthStar and wanted to gauge interest on others wanting to swap since no one is very happy with our stock engine. I am not here to scam people, I wasn't even on here to turn a profit but alas too many bad people have screwed over the good people and I understand your weariness.
Feel free to post more input or any other ideas about how we can work as a community to make this work.