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Technology Stocks : Gateway (GTW) -- Ignore unavailable to you. Want to Upgrade?


To: Joseph G. who wrote (6195)7/23/1998 11:59:00 PM
From: IceShark  Read Replies (1) | Respond to of 8002
 
Joe, *) Note: repossessing a two year old box left at the curb is easy ... -g-

Well speak for yourself. I did the repo biz when I was a senior in high school for about two weeks. We had keys (since the dealership had the codes) and would take 'em at dark o'clock. I quit after 3 of the windows got shot out of a car while we were driving ot away by someone that didn't agree with our methods. -nfg-

I guess the point I was making is it is unlikely GTW is starting a financing arm, 48 month financing is loony on a box ..... this has all sorts of opportunities to go south on them, more than the country stores. The buyers are not going to blame the finance company or themselves when things go (or even appear to go) sour, they are going to blame GTW because GTW is selling this as the ultimate solution to obsolescence and care free ownership. It ain't. It could be a trap similar to the inner city appliance rental scams.

Regards, DWW