I have to stand by Glen on this one too... I understand partially with what your saying Eric and I agree that any money's collected should go toward the machine they are being paid on and not to finance other machines or operations. I also agree NO one should pay %100 up front either...
I do my restorations "Business" on the side, it's a hobby.. and all my customers know that.. with that being said, we all know it costs a lot to restore a machine, especially if we are farming out the paint/body work, and of course chrome, powder, etc....
I ask for a deposit as well with a restoration, and the give the option to make payments along the way as I progress with the restoration with of course the final bill to be paid upon completion.
So to say all guys who ask for some money up front are Crooks, I'd have to think there is an exception to the rule... Glen and myself have built up a pretty fair reputation as well as others.. and I would just ask and tell people ... DO YOUR HOMEWORK before hiring someone to do your machine, Check sources, referrals, etc... then decide who is going to do the work.
Just my two cents.
John
I'm not defending Alans actions at all Eric, but as a fellow restorer I must express my point of view.
We all know a restoration requires a lot of outside services and those aren't cheap.
Every buisness uses working capital, and no matter how much or how little they have on hand, when
any cash is tied up in parts
and services for one customer's machine, that is money that can not be invested elsewhere for several months.
The customer owns that machine, I feel he should also pre-purchase his parts and outside services, particularily to confirm his commitment.
I usually ask for a 25% deposit
Imagine carrying a guy's machine through an entire restoration. Then contact him and find out he lost his job or
got divorced or Bla Bla Bla... and asks if you can carry him until his luck changes.
................................................................or he could just let you keep the fully restored Vendo 83.