Originally Posted by
zandoval
Exactly said!!!
Was Mike's a Bike Shop or a Dealership?
There used to be a difference but I am so outta the loop I do not know...
It's perhaps easy to be indifferent to what this is all about. But forgetting about Mikes/Spesh for the moment, I have the impression that there are a LOT of deposits or maybe even full payments on bikes out there on preorders for future delivery. Out of curiosity, since I'm not one of those people, where is the money -- with the shop or forwarded on to the manufacturer to secure the order? What if any recourse is there for the buyer if the shop stops being a reseller of the brand bike he preordered, or, alternatively the shop goes out of business and closes its door? If none of the deposit/payment is sitting with the manufacturer, why did the shop require it?