Unique Performance seized today!!!!!

[rubbinisracing]

While Unique may have broken some some laws concerning vins and titles the real story here is about the people who have spent 10's and 100's of thousands on cars which they will never receive. This has been a collapsing house of cards for the past year. There are some lessons here for all to learn. A unbiased middle man where the buyer can deposit funds and the builder can draw funds after presenting evidence of progrees would help, along with a contract spelling out the terms of the build agreement as well as making sure the builder is insured and bonded. We should take these precautions in all our transactions, even when dealing with acquaintenances.

[quick-bowtie]

Wow.. never heard about them not delivering cars after there paid for.. Thats B.S. Id be down there with bubba and a baseball bat. I suppose customers money went to that fancy building and trucks rather than delivering what they promised?

I still dont see whats wrong with a "Company" whos builds series cars to put there own vins on, but I guess if its a law then you have to live with it.

Thanks for the update Tirebird and Howard. This story hasnt hit my part of the country yet or maybe I just have my eyes closed because Im not into Fords all that much.

[tirebird]

Here's the California Attorney General's press release from over 3 years ago about the scam. It explains better than I did about how it works. Weaver went to prison and thousands of car owners had to re-register their cars with proper titles, back taxes, and updated smog equipment. The investigations, in several states, continue today with more dealers and individuals being indicted.

http://ag.ca.gov/newsalerts/release....04&month=4

[Fast67VelleN2O]

What about when you find a beat to death rusty Yenko in the back of someone's yard and you get it for $5,000. When you gfo to title it in your name you are going to put down that you paid 5,000 for it. Not what its worth. To some people that can be considered tax evasion.

[Hylton]

[ QUOTE ]
What about when you find a beat to death rusty Yenko in the back of someone's yard and you get it for $5,000. When you gfo to title it in your name you are going to put down that you paid 5,000 for it. Not what its worth. To some people that can be considered tax evasion.

[/ QUOTE ]

It's only tax evasion if what you wrote on the receipt is less than what you pulled out of your wallet. Any profit you make by flipping right after is capital gains which is a whole other ballgame.

[quick-bowtie]

In Minnesota I could go pay 10 million or what ever dollar amount I wanted and when I go register the car its just a flat rate as long as you register it as a collector car. Just a little of $100 buck with the new plates.

[JRSully]

It seems to me that 'Ol Shel should stop whoring himself out to everybody who has some kind of concept for a Mustang or Cobra. Just my .02

[Hylton]

[ QUOTE ]
In Minnesota I could go pay 10 million or what ever dollar amount I wanted and when I go register the car its just a flat rate as long as you register it as a collector car. Just a little of $100 buck with the new plates.

[/ QUOTE ]

Do you not pay state tax on old collector cars?

[427king]

[ QUOTE ]
In Minnesota I could go pay 10 million or what ever dollar amount I wanted and when I go register the car its just a flat rate as long as you register it as a collector car. Just a little of $100 buck with the new plates

[/ QUOTE ] I cant imagine a state that would only collect 100$ sales tax on a car you spent 10M on because it was an antique[that is unless you shoiw them a 5000.00 bill of sale on a 30 mile hemi cuda convertible,because they dont know its a 6 cyl or a 5M car]?? I do know the property tax would only be a minimum amount if you get antique plates on it. But not as far as sales tax goes. That is unless Minnesota is the only State that allows that.

[agtw31]

[ QUOTE ]
the real story here is about the people who have spent 10's and 100's of thousands on cars which they will never receive.

[/ QUOTE ]

i can't feel bad for somebody that should have known better than to give up that kind of cash and get nothing in return but a promise.