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      03-22-2008, 12:37 AM   #56
ideliver
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Drives: 08 E60 M5 & 08 Infiniti QX56
Join Date: Feb 2008
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2006 MB S430 SOLD  [0.00]
2003 E46 M3  [0.00]
Quote:
Originally Posted by Laszlo View Post
The Buy It Now price is available until the auction price has exceeded a price threshold or until the reserve price has been met.[/b]
Exactly, you are making the case AGAINST your argument, this was a NO RESERVE auction. Once the first bid goes in, the BIN price disappears.

Just acknowledge that you are wrong and move on. The OP did everything correct and is getting the shaft from an unethical dealer.

The dealers error was by not setting a reserve. But, this was a risk that they took because NO RESERVE auctions tend to get more attention. So, they tried to use the "no reserve" to their advantage but got beat by an honest guy.
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Cars I've owned '76 Chevelle 350 RIP '82 Monte Carlo 350 RIP '82 Mustang 302 RIP '88 Honda CRX RIP '88 Olds Toronado sold '94 Toyota Tercel sold '99 Acura TL sold 2002 Porsche 911 sold 2003 E46 M3 Blk/gr 2006 MB S430 sold Current: 2008 Infiniti QX56 & 2008 E60 M5

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