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GTM Performance Engineering: MHI Twin Turbo Official Release

Originally Posted by Alkatraz These along with many other parts which have already been paid for by GTM would need to be restocked! Do you not understand that the restocking

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Old 12-17-2013, 02:54 PM   #2386 (permalink)
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Originally Posted by Alkatraz View Post
These along with many other parts which have already been paid for by GTM would need to be restocked! Do you not understand that the restocking fee is one way for GTM to protect themselves against people pulling out of the purchase. The delay aside, GTM wrote the fee into the layaway contract to help cover the costs of anyone who pulls out at the last minute.
Nice to see one GTM spokesperson is posting..
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Old 12-17-2013, 04:00 PM   #2387 (permalink)
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When is last minute?? Lol
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Old 12-17-2013, 07:08 PM   #2388 (permalink)
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Originally Posted by Tb09z View Post
When is last minute?? Lol
Yeah, everyone wants to pull out in last minute from this GB, only 7 months of waiting, shame on you bastards

Lesson is simple, those who paid upfront with big trust for GTM to be very first in line for the kit when it's ready, have to be patient to the very end or pay the fee. On the sidenote, I'm not able to understand why anyone paid before they deliver...because the brand awarness was strong?
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Old 12-17-2013, 07:09 PM   #2389 (permalink)
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Originally Posted by MMC Racing View Post
Nice to see one GTM spokesperson is posting..
Yeah, im their West Australian rep. They have promised me a further discount if I keep explaining basic business practises to people on this forum.

Are you even in the group buy MMC? I have never seen a single post from you that hasnt been negative towards GTM. Both in this thread and others! And look who the two people who have liked your comment are.....what a surprise!
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Old 12-17-2013, 07:33 PM   #2390 (permalink)
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Originally Posted by Diabel View Post
Yeah, everyone wants to pull out in last minute from this GB, only 7 months of waiting, shame on you bastards

Lesson is simple, those who paid upfront with big trust for GTM to be very first in line for the kit when it's ready, have to be patient to the very end or pay the fee. On the sidenote, I'm not able to understand why anyone paid before they deliver...because the brand awarness was strong?
Holy mother of god! Seriously??? This will be my last answer on this subject, the message isn't getting through.

The 'restocking fee' which is only payable by people who took advantage of the layaway option and no one else was written into contracts that were signed well before any delay had occurred or was even expected (both by GTM or us buyers). Every single person on the group buy has the option of pulling out should they so desire. For some there will be costs involved in doing so, for others not. Those for whom a cost would be incurred were made fully aware of this potential cost before they signed up and were aware of the risk. In order to get the advantage of a layaway option, they chose to accept this risk. We can debate whether or not GTM should charge it after these massive delays (I wouldn't) all day long but it doesn't change the facts. Does the massive delay suck? Hell yeah it does but every single person who put money on the table knew (or at least should have known) that the risk of delay was there. Im not surprised that it has been delayed, i am only surprised by how much it has been delayed. I can also completely understand how this type of delay would occur on a project like this and how GTM's systems are failing them especially when it comes to communication. Does that make it right? No. Is it going to hurt them in the long run? Yes. Are they doing it all on purpose just to screw everyone over? No.

The main reason people paid upfront is because the kits will be supplied on a first paid first served basis. Along with this I personally paid many months ago because it looked to me as though the exchange rate would drop and the kit would be more expensive if I waited (a gamble that proved to be a good one). Others would have paid because they are like a lot of people and if they have the money sitting around then they would probably spend it on something else.

After all this maybe I probably should ask Mike for a little discount......
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Old 12-17-2013, 07:43 PM   #2391 (permalink)
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Did you see how many likes my posts got? You're still doing the same thing. Enjoy man.
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Old 12-17-2013, 07:56 PM   #2392 (permalink)
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Still waiting for my refund, I'll give an update of how things go. The good news is, I am selling a lot of parts that some of you may be interested in. I'll post them in the for sale section soon.
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Old 12-17-2013, 08:03 PM   #2393 (permalink)
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Originally Posted by Alkatraz View Post
Holy mother of god! Seriously??? This will be my last answer on this subject, the message isn't getting through.

The 'restocking fee' which is only payable by people who took advantage of the layaway option and no one else was written into contracts that were signed well before any delay had occurred or was even expected (both by GTM or us buyers). Every single person on the group buy has the option of pulling out should they so desire. For some there will be costs involved in doing so, for others not. Those for whom a cost would be incurred were made fully aware of this potential cost before they signed up and were aware of the risk. In order to get the advantage of a layaway option, they chose to accept this risk. We can debate whether or not GTM should charge it after these massive delays (I wouldn't) all day long but it doesn't change the facts. Does the massive delay suck? Hell yeah it does but every single person who put money on the table knew (or at least should have known) that the risk of delay was there. Im not surprised that it has been delayed, i am only surprised by how much it has been delayed. I can also completely understand how this type of delay would occur on a project like this and how GTM's systems are failing them especially when it comes to communication. Does that make it right? No. Is it going to hurt them in the long run? Yes. Are they doing it all on purpose just to screw everyone over? No.

The main reason people paid upfront is because the kits will be supplied on a first paid first served basis. Along with this I personally paid many months ago because it looked to me as though the exchange rate would drop and the kit would be more expensive if I waited (a gamble that proved to be a good one). Others would have paid because they are like a lot of people and if they have the money sitting around then they would probably spend it on something else.

After all this maybe I probably should ask Mike for a little discount......
Nothing to restock if nothing was actually sent out to a customer that could of been returned to be restocked. Unless the contract specifically defines restocking fee, it doesn't mean anything else other than what I just said.

Plus, one of the things that GTM wanted to do was have the MHI kit stocked up and ready to ship next business day.

Source: See #13
GTM Performance Engineering: 370Z MHI Twin Turbo Pre-Release



Thread is pretty off topic but whatever. I hope the best for everyone including GTM and Happy Holidays everyone.
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Last edited by Cell; 12-17-2013 at 08:13 PM.
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Old 12-17-2013, 08:25 PM   #2394 (permalink)
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Ok...i just cant help myself....

What Is Layaway - Pros & Cons and Stores That Offer Layaway Plans
"While every store has their own rules, most layaway programs follow the same four basic process:
You pick out the items you want to put on layaway. Many stores only offer layaway for items in certain departments, such as jewelry or electronics.
You make a down payment. The down payment varies by store. Some stores let you choose the amount, while others charge an amount based on your total purchase price.
You make small payments over time. You can make weekly, biweekly, or even monthly payments, depending on the store’s policy.
Once you pay off the total purchase price plus any layaway fees, you can pick up your items.
The seemingly straightforward process has a myriad of complicated fees. While every store has a slightly different policy, stores charge some or all of these fees:
Service Fee. The service fee covers the store’s cost of processing multiple payments and keeping the items off the shelves. The service fee typically ranges from $5 to $10.
Cancellation Fee. Most stores charge a cancellation fee if you decide to cancel your layaway plan, or if you cannot make all the payments by the due date.
Restocking Fee. Some stores charge a restocking fee if you do not make your payments on time, or do not finish paying for your products by the due date."
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Old 12-17-2013, 08:25 PM   #2395 (permalink)
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Thanks AK

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Old 12-17-2013, 08:26 PM   #2396 (permalink)
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The Layaway Process - BBB News Center
"• Can I get a refund or store credit if I no longer want the item after making a few payments? Is there a restocking fee?

You may not be able to obtain a refund or a store credit if you change your mind about buying the item put on layaway. In addition, restocking fees of 10% or more are often charged."
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Old 12-17-2013, 08:28 PM   #2397 (permalink)
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Quote:
Originally Posted by Alkatraz View Post
Ok...i just cant help myself....

What Is Layaway - Pros & Cons and Stores That Offer Layaway Plans
"While every store has their own rules, most layaway programs follow the same four basic process:
You pick out the items you want to put on layaway. Many stores only offer layaway for items in certain departments, such as jewelry or electronics.
You make a down payment. The down payment varies by store. Some stores let you choose the amount, while others charge an amount based on your total purchase price.
You make small payments over time. You can make weekly, biweekly, or even monthly payments, depending on the store’s policy.
Once you pay off the total purchase price plus any layaway fees, you can pick up your items.
The seemingly straightforward process has a myriad of complicated fees. While every store has a slightly different policy, stores charge some or all of these fees:
Service Fee. The service fee covers the store’s cost of processing multiple payments and keeping the items off the shelves. The service fee typically ranges from $5 to $10.
Cancellation Fee. Most stores charge a cancellation fee if you decide to cancel your layaway plan, or if you cannot make all the payments by the due date.
Restocking Fee. Some stores charge a restocking fee if you do not make your payments on time, or do not finish paying for your products by the due date."

How do you put a product on layaway when it isn't even completed to be shipped out. You NEED to have a finished product to have it on layaway.
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Old 12-17-2013, 08:28 PM   #2398 (permalink)
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How Does Layaway Work? | eHow

"What Are the Costs of Using Layaway?
The cost of using a layaway budget plan varies depending on the merchant offering the plan. Most retailers charge a layaway fee to cover their administration expenses. Some retailers offer layaway plans with a flat fee, meaning that you'll pay the same amount no matter the amount of your purchase. Other retailers charge a percentage of the purchase price as a layaway fee. Rarely, a retailer may offer free layaway as a promotion. In addition, some retailers may charge a cancellation or restocking fee if a customer does not make her installment payments or fails to retrieve her layaway purchases."


Should i keep going or do people understand now???
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Old 12-17-2013, 08:30 PM   #2399 (permalink)
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Good point Al but explain why only a select few are being charged?

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Old 12-17-2013, 08:32 PM   #2400 (permalink)
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In select few I mean the last guys in a few weeks to back out.

Go ahead I'll wait...

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