Wasn't too sure where to put this, but since it involves turbo kits, I figured aftermarket forced induction tech was the best place to start.

For Rock and the Roadrace crew...

RRM turbo kits are very impressive. They offer a sizable performance increase for a reasonable price. However, I think I speak for many other people when I say, saving the 3 grand plus needed to buy a kit can be difficult.

Have you considered a deferred payment plan? I know Calvin has been doing this with his latest batch of CF hoods. Obviously it would have to be a reasonable plan, and I would like to suggest a course of action.

Start with a minimum required down payment of at least $500. For the non-intercooled kit, this would knock the price down to $2390. Follow up with monthly payments, either over the phone or automatically, for a predetermined rate. I think $220 per month for the span of 12 months would be an ideal number. This would allow for "interest" that would occur over the life of the payment plan. Following this plan, the total sale for an non-intercooled kit would run $3140. A total profit increase of $250 over the $2890 asking price.

A payment plan like this would help people on a budget afford a quality kit, and still be able to pay someone to install it, which can easily run a tab close to the price of the kit itself.

I understand that this might not be a realistic possibility, but I think that a plan like this one could increase sales and provide a steady flow of income to the shop. The more people that have a kit, the more the kits are shown off. The more kits are shown off, the more potential sales roll in.

As for anyone else reading this, please post a reply letting RRM know if this is something you would HONESTLY be interested in, like myself. If you think this is a bad idea, please let us know why!

Thanks for your time everyone, especially Rock and the wonderful staff of RRM.

 

Why not take out a loan from the bank?

 

i would recommend a loan also

 

truthfully i dont think he will go for it
not becauyse thats the way rob is or anything

but from a busness stand point i dont think he would be ale to risk the chance or loosing the money

how would he ensure himself that he WILL get the money and the person wont stop sending checks or just cancle there credit card?

thats just my 2 cents

 

I know RRM has done payment plans before, but they don't send you your kit till you're all paid for. Cnile (who later bought a 350z) and one other (whose name I can't recall) have done theirs this way. At any rate, it's better than paying CC interest on a few grand (trust me).

 

A bank loan is always a possibility, but doing so would add that amount to your credit report.

If you have poor or new credit, there is a good possibility that you would be turned down for a loan, especially since many banks have higher standards and rates for non-auto purchase or home-buyer loans.

This would fall into the area of a "personal loan."

If an individual with poor or little credit was to be approved the the bank, they could be looking at a higher down payment, and even higher monthly charges.

What I'm suggesting is a way for RRM to spread a product around a little more and increase profits while doing so.

 

yeah good point

 

I would go for this plan, taking a bank loan would require approval from the old lady (aint gonna happen for a turbo). And I don't think Rob would send anyone a kit without it being paid in full. I think it is a great idea. Also part of the problem with me saving money for things is that everytime I fall short on something else I dip into that money. so this plan would work for me, I can't spend it if I already sent it to Rob. I happen to think this is a pretty good idea.

 

Liquid,

all that would be required to ensure that RoadRace receives all the money thay are entitled to would be a contract. Any contact or agreement signed by both the seller and recipient would be legally binding. It would give RoadRace the right to sue for the unpaid portion, repo the product or a combination of the two.

I'm not saying that Rock will go for it, and to be honest, I wouldn't blame him or anyone else for being wary of the situation, but with a little extra preparation, this could be made a safe bet for both the customer and the supplier.

 

well, im saving up for one for next summer . . putting money into my savings account . .and then combining it with my tax return that i get to make the purchase . .plus then my warranty will be up and its free modding on the lancer after that . . . .

 

They'd be foolish to put their costly parts and profit on the line without payment in full. They're tuners, not loan officers.

Besides, why would they wanna sue someone halfway across the company for their turbo kit? Awful lot of hassle for a few extra sales. If they did these loans and didn't base them on personal credit that'd be even more foolish, and if they did these loans and didn't charge MORE (i.e. interest or added fees for having to debit customers etc etc.) they'd be putting their heads on the chopping block and just waiting for the axe.

I know it sounds good from the consumer's point of view, but try being the lender sometime. ...loans of that size are pretty much what I do all day. Lotta legal hassle for not much money, trust me.

 

yeah i agree but to sue still cost $$ and the layaway turbo idea is probalby far off (like you have said) but I could see this working for many people

 

I am planning on selling drug free urine and collecting aluminum cans to buy my turbo.

 

I thought he was talking about putting down a deposit and paying RRM on a monthly or whatever basis, until paid in full and THEN receive the product. I would be all for that. I don't see any other way working.

 

Automotive tuning is a cash and carry business. It is too easy to get screwed by sending out parts without having the cash in your hand. A contract means nothing, because once the person defaults on it then RRM is going to have to bear lawyers fees, collection costs, etc, and more than likely they still will not see the remainder of the money. Its just not worth it. If you cannot get a personal loan or a bank loan there is probably a reason why they will not give you the money (i.e. you have defaulted on something before). Why in the hell would RRM want to front the bill if everyone else has turned you down?

3k is not that difficult to save up. Open a bank account that pulls automatically from your paycheck 50 dollars a week. thats 2600 at the end of 12 months. Let me say firsthand that there is no better feeling than walking into someplace and paying cash for your new toy. I did it with the SV650 I bought. Makes for a great position to bargain for prices for.

Thats enough of my windbagging. I know how everyone loves it.