GTM Performance Engineering: MHI Twin Turbo Official Release

Chuck33079 · 12-16-2013, 06:32 PM

Quote:

Originally Posted by Alkatraz

'Restocking Fee' is probably not the most perfect name for it, but GTM definitely incur a cost for everyone who changes their mind and pulls out. They have used their own and everyone else's money to purchase large quantities of parts in development of these kits. If people pull out then GTM need to return money that has already been invested in parts and development. You all seem to think that GTM have no costs to produce these kits until the very last day that they are ready to be shipped! Everyone here must have at least some basic comprehension of how business works, right?

I completely understand where you're coming from on this. I think this is why people are having issues getting their refunds. I absolutely think GTM is having liquidity issues due to people backing out, sunk costs for R&D and equipment.

However, I completely disagree that charging a customer a fee to exit the group buy is in any shape, way or form acceptable. They made numerous references to being ready to ship in August or so. It's almost 2014. There's got to be a point where the fee doesn't apply. The contract is two-way. If the customer is in breach for backing out, GTM may also be in breach for not providing a product in a timely manner. Maybe the contract doesn't have a set date in it. I'm sure when the contract was written, they had no idea that in December nobody would have their kits.That doesn't mean that the contract can exist in perpetuity. At some point the customer must be able to get out at no charge if there is no reasonable expectation of having the other end of the contract fulfilled in a reasonable time frame.

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