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damn where were we?
Porsche dealer - "I got it wrong with the buy one get one free card". Print E-mail
Written by Jenny Shu
Thursday, 22 February 2007
Glen Fergusson - Sales and Marketing manager for a brand new Californian Porsche dealer. Has lost his job and faces possible legal proceedings as the company strives to reclaim the costs of the 18 Porches given away free under Glen's Opening day "buy one get one free promotion" "I admit I didn't really do the numbers properly on this one" said Glen who told reporters that he had "seen the concept work really well for coffee stores" and in terms of numbers you could argue that Glen's campaign worked. As the new Porsche dealer sold 18 Porches in the first hour of the store opening.
It took the head office a full hour to realise what was going on and subsequently shut the store.
Local man Bruce Stepper took out a second mortgage on his home after getting a promotional flyer in his mailbox. "I am ecstatic - I brought a shiny red Porsche today, got another one free and I have sold just sold it on EBay, all up I end up getting a Porsche 911 for $5000"
Jane Cameron was arguably even more entrepreneurial. The local Janitor purchased a Porsche using the dealers "no deposit finance plan for low income earners", sold both cars, paid off the finance account and walked away with $120,000 profit. The finance plan was another one of Glen's initiatives that has now been cancelled.
A red faced Glen stated "I have never really been too good at Math and I was sure the whole time we were making money - I was initially blown away by the amount of cars we were selling in that first hour. I had seen the "buy one get one free card" work extremely well for the new coffee shop down the road and thought what a great idea I will try it here."
National spokesman for the dealership chain was quoted as saying "We are just glad that the idiot didn�t have time to run with his 'test drive 5 cars, get one free loyalty stamp card' campaign.
source
thats what i would like to know
Re: damn where were we?
| quote: |
| Originally posted by gehzumteufel Jane Cameron was arguably even more entrepreneurial. The local Janitor purchased a Porsche using the dealers "no deposit finance plan for low income earners", sold both cars, paid off the finance account and walked away with $120,000 profit. The finance plan was another one of Glen's initiatives that has now been cancelled. |
Re: Re: damn where were we?
| quote: |
| Originally posted by dj_bas That first guy is a fucking moron! Taking out a second mortgage on his home to buy a Porsche? This girl...she wins at life. |
damn
i agree, where the fuck were we?
| quote: |
| Originally posted by mezzir damn i agree, where the fuck were we? |
how many people you think got the mailer and were like yeah right. See the news that afternoon and go awe fuck......
thats so awesome
Re: Re: Re: damn where were we?
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| Originally posted by gehzumteufel not really a moron cause you can pay the mortgage back real quick after selling the second porsche. of all people cant believe you didnt get that! you can get a 2nd mortgage in 2hrs and its EASIER to qualify for that than it is for a car loan. |
The house I live in is worth as much as a Porsche. Thanks.
Re: Re: Re: Re: damn where were we?
| quote: |
| Originally posted by dj_bas He must live in a shithole if his house is only worth as much as a Porsche. |
Re: damn where were we?
| quote: |
| Originally posted by gehzumteufel "I have never really been too good at Math"[/URL] |
but I call SHENANIGANS! No one could possibly be that stupid nor in a possition to be a sales manager. This whiffs of major barnhouse full of bulls. 
| quote: |
| Originally posted by Sunsnail The house I live in is worth as much as a Porsche. Thanks. |
Re: Re: Re: Re: damn where were we?
| quote: |
| Originally posted by dj_bas He must live in a shithole if his house is only worth as much as a Porsche. |
so that would mean his house is worth MORE than a porsche.
Re: damn where were we?
| quote: |
| Originally posted by gehzumteufel "I have never really been too good at Math and I was sure the whole time we were making money - I was initially blown away by the amount of cars we were selling in that first hour. I had seen the "buy one get one free card" work extremely well for the new coffee shop down the road and thought what a great idea I will try it here." |
Re: Re: damn where were we?
| quote: |
| Originally posted by stren LMAO |
Re: Re: damn where were we?
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| Originally posted by stren LMAO |
Re: Re: Re: damn where were we?
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| Originally posted by emc^2 awww. burn. to get that kind of reaction out of a polak? erm.. I mean Pole... /runs and hides j/k mate. lav ya, muwha! |
Re: Re: Re: Re: Re: damn where were we?
| quote: |
| Originally posted by gehzumteufel 2nd mortgage = Equity Line so that would mean his house is worth MORE than a porsche. |
Re: Re: Re: Re: Re: Re: damn where were we?
| quote: |
| Originally posted by dj_bas That was my point. If he took out a second mortgage to buy a Porsche...he can't very well sell the free one and have the money to pay off his second mortgage now can he? |
Holy fuck, that's awesome.
Yeah, he basically broke even. Say he spends $75,000 on the Porsche, sells the free on on eBay for $70,000... he's still down $5000, but he can pay back up to $70,000 on the mortgage and has a Porsche to show for it. I'd say they both win at life.
| quote: |
| Originally posted by Lebezniatnikov Yeah, he basically broke even. Say he spends $75,000 on the Porsche, sells the free on on eBay for $70,000... he's still down $5000, but he can pay back up to $70,000 on the mortgage and has a Porsche to show for it. I'd say they both win at life. |
| quote: |
| Originally posted by dj_bas Ok so $70,000 worth of second mortgage is paid off...what about the remaining $300,000+? Am I not understanding what a mortgage is or what? |
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