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Fraud Warning!! on New Press

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Old February 10th, 2012, 10:53 AM   #1 (permalink)
pushing ink pushing ink is offline
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Default Fraud Warning!! on New Press

When buy a new press, be sure that when you are going to sign a contract from a company that you also get a signed personal guaranty for the seller! Also find out how many presses they have sold in the last year and how many techs they have in the field. Check into the ownership of the names on the contract to do a search of WHO really owns the company. Visit the mfgr and make calls to other machine owners.

If someone has more to add, please do. I would like to write a one sheet check list on what to look for and avoid. We want to send this out to 1000's of screen printing companies on what to stay clear of.
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Old February 10th, 2012, 11:38 AM   #2 (permalink)
Gilligan Gilligan is offline
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Default Re: Fraud Warning!! on New Press

Deal with someone REPUTABLE.
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Old February 10th, 2012, 11:44 AM   #3 (permalink)
Inkwerksspd Inkwerksspd is offline
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Default Re: Fraud Warning!! on New Press

And listen to your peers in the industry when they warn you to stay away!
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Old February 10th, 2012, 11:48 AM   #4 (permalink)
repogolfer repogolfer is offline
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Default Re: Fraud Warning!! on New Press

1. Don't be an idiot in the first place and drop that kind of coin on a press that has not proven itself.
2. Look at the character or (characters) of the person your buying from...
3. Do not pay in full until the item is delivered.

Extra credit for Iowa:

Take some of the blame yourself for being a cheap *** looking for the best deal and not worrying about the consequences ahead of time.

Why again did you have a lawyer look over this contract ahead of time???? What did that do for you?? Take action???
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Old February 10th, 2012, 12:00 PM   #5 (permalink)
244 244 is offline
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Default Re: Fraud Warning!! on New Press

I try to stay clear of everything that is being bantered back and forward but some of this has merit. I will try and get a check list(non biased) that people can use to verify they want to do business with someone when it comes to capitol equipment and post it up here, The shirtboard, and on our forum. For the first time or unknowing buyer a form of this type may save a lot of grief (and money) in the future. Post other suggestions and I will have someone work on it.
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Old February 10th, 2012, 12:07 PM   #6 (permalink)
srimonogramming srimonogramming is offline
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Default Re: Fraud Warning!! on New Press

Reputation, reputation, reputation.

The manufacturer's rep, the specific machine's rep, the dealer/broker's rep, service after the sale rep, the individual sales person's rep, etc. Reputation!!!

Now I know that reputations ebb and flow over the years and a company that once had a bad rep can now be completely different, so take that into account. Not so much a "what have you done for me lately" attitude, but weigh current and past, not just one or the other.

I would also like to say that a company's reputation from their peers should be looked at as well. I know that they are competitors and they fight against each other for sales but for the most part, company A will tell you that company B is a solid group of people or they'll throw them under the bus at the drop of a hat, so this piece of advice is to be handled very carefully and will be hard to nail down the actual facts of the matter, but it's possible. If M&R tells you that RPM is a good competitor and they respect each other, then you can bet that their opinion is the truth. Negative comments should be put under more scrutiny and checked more closely than positive comments.
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Old February 10th, 2012, 12:12 PM   #7 (permalink)
inkman996 inkman996 is offline
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Default Re: Fraud Warning!! on New Press

I think it is a big concern to verify who the in state seller is if they are buying a brand from out of state. Right now no one even knows who owns PrintexUSA, and as seen by Jeff when the left hand steals the money the right hand claims no responsibility, so you then are out of luck.

Shipping time is very important, dont just go by what the seller tells you. call and talk to previous buyers, if their is wide swings in shipping times that there tells you there is a consistency issue with the manufacturer. Big red flag!
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Old February 10th, 2012, 12:30 PM   #8 (permalink)
GraphicDisorder GraphicDisorder is offline
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Default Re: Fraud Warning!! on New Press

Great thread, I approve this message.

I did a ton of research on who to by from, it was SO easy to weed out some people/salesmen in particular. It shouldn't take you long to figure it out if you look just a little bit.
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Old February 10th, 2012, 02:53 PM   #9 (permalink)
autowanted autowanted is offline
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Default Re: Fraud Warning!! on New Press

Quote:
Originally Posted by pushing ink View Post
When buy a new press, be sure that when you are going to sign a contract from a company that you also get a signed personal guaranty for the seller! Also find out how many presses they have sold in the last year and how many techs they have in the field. Check into the ownership of the names on the contract to do a search of WHO really owns the company. Visit the mfgr and make calls to other machine owners.

If someone has more to add, please do. I would like to write a one sheet check list on what to look for and avoid. We want to send this out to 1000's of screen printing companies on what to stay clear of.
Have you had a bad experience?
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Old February 10th, 2012, 03:18 PM   #10 (permalink)
jmd jmd is offline
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Default Re: Fraud Warning!! on New Press

Quote:
Originally Posted by 244 View Post
I try to stay clear of everything that is being bantered back and forward but some of this has merit. I will try and get a check list(non biased) that people can use to verify they want to do business with someone when it comes to capitol equipment and post it up here, The shirtboard, and on our forum. For the first time or unknowing buyer a form of this type may save a lot of grief (and money) in the future. Post other suggestions and I will have someone work on it.
Thank you very much
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