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Thread: 07/2020 - Blackbeard's Finally Sold?

  1. #41
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    Re: 07/2020 - Blackbeard's Finally Sold?

    Quote Originally Posted by j_d66 View Post
    I have a client who is a used car dealer. They are actually pretty good guys.

    They used to do alot of buy here pay her in house financing for their customers who could not get a conventional loan. It was a major pain in the ass since there is normally a reason those people have bad credit and normally it's because they don't pay.

    A few years ago they switched to a credit acceptance company (CAC) for those hard to finance people. Works out great for them since they still make their normal margin up front and the CAC takes care of collecting as well as repos when they don't pay and the car dealer doesn't end up being the bad guy when they car gets repo

    It's a lousy deal for the customer since they pay a pretty bad interest rate but at least they have the opportunity to get a vehicle that they normally would not be able to get
    My best friend from high school used factoring for years. Ultimately it bankrupted him. The fees buried him.... Tool business.

    He is now making bank working for someone else. Should have done that from start...Dont factor if at all possible.

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    Re: 07/2020 - Blackbeard's Finally Sold?

    the hard to finance guys are getting hit with 29% in most cases....wtf........ eh

    by the time the chevette is paid for they could have paid off a corvette............ if they had of had good credit
    you only live once, but if you live it right once is enough


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  5. #43
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    Re: 07/2020 - Blackbeard's Finally Sold?

    Quote Originally Posted by Hunter View Post
    My best friend from high school used factoring for years. Ultimately it bankrupted him. The fees buried him.... Tool business.

    He is now making bank working for someone else. Should have done that from start...Dont factor if at all possible.

    This isn't factoring

    The car is sold at a premium price.

    They get paid whatever their normal sale price would be up front and are basically out of the game at that point.

    If the customer doesn't pay and the car goes to repo they are no worse off since they are out of the game and CAC deals with it all.

    If the customer makes payments than they also get a portion of the premium as well which is just gravy for them.

    It is pretty much a can't lose deal for them.

    It is not really that great a deal for the customer but for most of them it is the only way they are going to get the vehicle.
    I am the pussy licker ​Let's have some fun. Not invisible. Snitches are pathetic little people!
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  7. #44
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    Re: 07/2020 - Blackbeard's Finally Sold?

    Quote Originally Posted by j_d66 View Post
    This isn't factoring

    The car is sold at a premium price.

    They get paid whatever their normal sale price would be up front and are basically out of the game at that point.

    If the customer doesn't pay and the car goes to repo they are no worse off since they are out of the game and CAC deals with it all.

    If the customer makes payments than they also get a portion of the premium as well which is just gravy for them.

    It is pretty much a can't lose deal for them.

    It is not really that great a deal for the customer but for most of them it is the only way they are going to get the vehicle.
    i sell/wholesale some of my cheaper trade in to a small car lot 30 miles from me who does exactly this. he can get 90% of the black book value and if he needs more the customer has to pay and he also gets paid to instal a gps system with a shut down feature and in his area if any of the vehicles he sells or some one else sells he gets called when the finance company turns off the start pulse to the starter and not only does he get the tow call but he gets to keep it and charge storage until they pick it up or the customer makes good on the arrears and they flip the switch and then it can start and drive away......... until the next late payment lol

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  9. #45
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    Re: 07/2020 - Blackbeard's Finally Sold?

    Quote Originally Posted by j_d66 View Post
    This isn't factoring

    The car is sold at a premium price.

    They get paid whatever their normal sale price would be up front and are basically out of the game at that point.

    If the customer doesn't pay and the car goes to repo they are no worse off since they are out of the game and CAC deals with it all.

    If the customer makes payments than they also get a portion of the premium as well which is just gravy for them.

    It is pretty much a can't lose deal for them.

    It is not really that great a deal for the customer but for most of them it is the only way they are going to get the vehicle.
    Then they drive to rent-a-center for furniture...lol...

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    Re: 07/2020 - Blackbeard's Finally Sold?

    Quote Originally Posted by Hunter View Post
    Then they drive to rent-a-center for furniture...lol...

    Followed by a trip to the cash advance store than off to the casino to hit it big

    On the way home (they didn't hit it big btw) they stop by the grocery store to get some food. Luckily the EBT card still works.

    At least they won't be posting their drool on Facebook until the beginning of the month cause the prepaid minutes on their government phone plan ran out and won't renew until the beginning of the month.

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    Re: 07/2020 - Blackbeard's Finally Sold?

    Quote Originally Posted by whynotme View Post
    i sell/wholesale some of my cheaper trade in to a small car lot 30 miles from me who does exactly this. he can get 90% of the black book value and if he needs more the customer has to pay and he also gets paid to instal a gps system with a shut down feature and in his area if any of the vehicles he sells or some one else sells he gets called when the finance company turns off the start pulse to the starter and not only does he get the tow call but he gets to keep it and charge storage until they pick it up or the customer makes good on the arrears and they flip the switch and then it can start and drive away......... until the next late payment lol

    Sucks to live like that.



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    Re: 07/2020 - Blackbeard's Finally Sold?

    Quote Originally Posted by whynotme View Post
    the hard to finance guys are getting hit with 29% in most cases....wtf........ eh

    by the time the chevette is paid for they could have paid off a corvette............ if they had of had good credit

    Most don't have good credit.

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    Re: 07/2020 - Blackbeard's Finally Sold?

    Quote Originally Posted by Jimmydr View Post
    What else can you do with "dirty money"?
    Stick it in a g-string.
    One for the dick and one for the balls!

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    Re: 07/2020 - Blackbeard's Finally Sold?

    Quote Originally Posted by TC View Post
    https://www.ocean-side-realty.com/Co...277046766.html

    This place has been for sale for years with no buyer, despite the price being cut more than 50%. Now, in the middle of a global pandemic, the ad says, "Sale Pending". Does anyone on this board wish to identify himself as the new owner, and my new idol?
    The ad is now gone from the website, so I guess the deal is done. I hope the new owner doesn't make major changes and destroy the atmosphere of the place. Unless they want to offer complimentary blow jobs upon check-in from the chica of your choice - I'd be OK with that

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    Re: Blackbeard's Finally Sold?

    Quote Originally Posted by TC View Post
    What do you see as "the chronic issues" to be solved?
    Water in the bathrooms going out. That's not on every trip but it happens.

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    Re: 07/2020 - Blackbeard's Finally Sold?

    Quote Originally Posted by TC View Post
    The ad is now gone from the website, so I guess the deal is done. I hope the new owner doesn't make major changes and destroy the atmosphere of the place. Unless they want to offer complimentary blow jobs upon check-in from the chica of your choice - I'd be OK with that

    One of the girls sent me a link to a go fundme page. $2,000 USD has been raised for the shipmates.

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    Re: Blackbeard's Finally Sold?

    Quote Originally Posted by SrSuerte View Post
    Water in the bathrooms going out. That's not on every trip but it happens.
    Yeah, the powers sometimes also. Still, I think it's gotten a lot better over the years, especially hot water for the showers - new generators and hot water heaters. Still, I don't think any new owner is going to come in and, all of a sudden, it will be somehow change like night and day. There will be limits on what any new owner can do about that, given the infrastructure there.

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    Re: 07/2020 - Blackbeard's Finally Sold?

    Maybe it will just be a regular hotel (no chicas).

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    Re: 07/2020 - Blackbeard's Finally Sold?

    Quote Originally Posted by psriches View Post
    Maybe it will just be a regular hotel (no chicas).
    Say it ain't so!

    I can't see the value in that. There are other "regular" places in Costambar, and I've visited a couple (I couldn't tell you the names) and they always seem empty. I can't see anyone wanting to buy Blackbeard's just to change it into yet another business with no customers.

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    Re: 07/2020 - Blackbeard's Finally Sold?

    Quote Originally Posted by TC View Post
    Say it ain't so!

    I can't see the value in that. There are other "regular" places in Costambar, and I've visited a couple (I couldn't tell you the names) and they always seem empty. I can't see anyone wanting to buy Blackbeard's just to change it into yet another business with no customers.

    Any updates??

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    Re: 07/2020 - Blackbeard's Finally Sold?

    I didn't receive a monthly email so I was wondering whether they'll be a bigger announcement

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    Re: 07/2020 - Blackbeard's Finally Sold?

    Quote Originally Posted by Pinoydave View Post
    I didn't receive a monthly email so I was wondering whether they'll be a bigger announcement

    No tourists the last 4 months.

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    Re: 07/2020 - Blackbeard's Finally Sold?

    Just received the September newsletter...... no mention of a sale...... language seemed to be usual, so I assumed it was from the original owner

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    Re: 07/2020 - Blackbeard's Finally Sold?

    Quote Originally Posted by Pinoydave View Post
    I didn't receive a monthly email so I was wondering whether they'll be a bigger announcement
    Received 3 september:

    BLACKBEARDS ADULT RESORT
    PLEASE READ THIS SECTION BEFORE SUBMITTING YOUR RESREVATION REGARDING THE REGULATIONS OF COVID-19 IN THE DOMINICAN REPUBLIC
    Airport/COVID-19 Testing…
    Until recently the government had required a negative COVID-19 test upon arrival (within 5 days), or risk a random government test at the airport. Fortunately, this testing procedure is NO LONGER REQUIRED! (if you happen a negative test please bring it with you anyway).
    Employees and Chicas…
    Unbelievably! The government has decided not to provide travel permits for either employees or chicas during the curfew hours.
    The great news is that all of my nighttime employees and CHICAS have agreed to help circumvent this requirement (travel permit) and have accepted my offer to stay at the hotel and provide all necessary services.
    Reservations/Cancellations/Changes…
    Shit happens, and I want to ensure you that will be total flexibility regarding reservations, cancellations and changes. DO NOT WORRY about these issues; as there will be no repercussions regarding any changes.
    Curfew…
    As part of the continued state of emergency all Dominicans and tourists will be subject to a curfew from Monday – Friday: 7:00 PM – 5:00 AM and Saturday – Sunday: 5.00 PM – 5.00 AM, This curfew (for now) will extend through October 18th, 2020.
    Masks…
    Wearing a mask and social distancing are mandatory in public areas in the Dominican Republic outside of the hotel. Depending on the occupancy we may be forced to ask you to wear a mask while in the common areas of the hotel. We need to cover our ass (mouth) in the event of a surprise visit by the Department of Tourism (this could shut us down) as well as respect for other Pirates that are staying at the hotel.
    Bottom Line…
    We will operate the hotel as normal, and you can expect the bar and restaurant to have a full menu; along with the great service that we always strive to provide. The only inconvenience will be the night-time curfew. The beaches will be open and there will be no restrictions on daytime travel or excursions.
    Over the next several weeks few we will provide additional requirements regarding tourist travel to the Dominican Republic.
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    I have contracted ECO-LAB (one of the largest chemical and sanitizing companies in the world) to come in and train every single employee on how to use their products to sanitize rooms, common areas and provide hand sanitizers throughout common areas of the hotel. We do however, recommend you bring your own masks and hand sanitizer for your room as these products are difficult to procure locally.
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