What did you do to your Raptor today? (Gen2)

Disclaimer: Links on this page pointing to Amazon, eBay and other sites may include affiliate code. If you click them and make a purchase, we may earn a small commission.

FENNEC

Full Access Member
Joined
May 22, 2022
Posts
264
Reaction score
832
Location
Phoenix, AZ
Well that blows!!!
It's been a large set back for me. I was just on the cusp of really having everything set up how I wanted, now I'm back to where I was six years ago. Oh well, we'll win in the end. Lessons we're learned and I just have to work a little harder now. This has been a big re evaluation time in my life, and some new goals emerged. AND... there's always gen 3s and Braptors to consider...
 

Morgan

Active Member
Joined
Jun 28, 2022
Posts
94
Reaction score
100
Location
San Antonio
It's been a large set back for me. I was just on the cusp of really having everything set up how I wanted, now I'm back to where I was six years ago. Oh well, we'll win in the end. Lessons we're learned and I just have to work a little harder now. This has been a big re evaluation time in my life, and some new goals emerged. AND... there's always gen 3s and Braptors to consider...

Are the lessons you mention ones that could be explained here (without creating a problem for yourself)?
 

FENNEC

Full Access Member
Joined
May 22, 2022
Posts
264
Reaction score
832
Location
Phoenix, AZ
Are the lessons you mention ones that could be explained here (without creating a problem for yourself)?
Just aware of a few tricks how someone can manipulate financials to really contribute to the overvaluation of a company. Learned a lot about contract law, the civil legal process, business bankruptcy, Qui Tam lawsuits when you find federal fraud... I think that covers most of it. Lol
 

Morgan

Active Member
Joined
Jun 28, 2022
Posts
94
Reaction score
100
Location
San Antonio
Just aware of a few tricks how someone can manipulate financials to really contribute to the overvaluation of a company. Learned a lot about contract law, the civil legal process, business bankruptcy, Qui Tam lawsuits when you find federal fraud... I think that covers most of it. Lol

Thanks, working on an acquisition myself. Appreciate the reply!
 

XSTNKT

FRF Supporting Member
Supporting Member
Joined
Aug 6, 2023
Posts
435
Reaction score
884
Location
Michigan
Just aware of a few tricks how someone can manipulate financials to really contribute to the overvaluation of a company. Learned a lot about contract law, the civil legal process, business bankruptcy, Qui Tam lawsuits when you find federal fraud... I think that covers most of it. Lol
Oof, yeah... painful stuff to have to learn on the fly. But, you'll be better on the other side. A wise person told me once: "let hard lessons change how you think when conducting business. But don't let it change your soul."

Best of luck on the rest of the journey. I've found it best to have a rabid pit bull of a lawyer in your corner (or an office full of them). They don't require souls to get done what is necessary. Lol
 

FENNEC

Full Access Member
Joined
May 22, 2022
Posts
264
Reaction score
832
Location
Phoenix, AZ
Oof, yeah... painful stuff to have to learn on the fly. But, you'll be better on the other side. A wise person told me once: "let hard lessons change how you think when conducting business. But don't let it change your soul."

Best of luck on the rest of the journey. I've found it best to have a rabid pit bull of a lawyer in your corner (or an office full of them). They don't require souls to get done what is necessary. Lol
We definitely have a good lawyer. Good lawyers ain't cheap. Lol
 

Old-Raptor-guy

FRF Addict
Joined
Jul 25, 2021
Posts
1,588
Reaction score
3,370
Location
USA
Just aware of a few tricks how someone can manipulate financials to really contribute to the overvaluation of a company. Learned a lot about contract law, the civil legal process, business bankruptcy, Qui Tam lawsuits when you find federal fraud... I think that covers most of it. Lol
Learning experiences are not cheap!!
After about 16 months a huge Learning lesson for myself has just ended.

Not trying to compare my situation to yours, just the whole "lesson learned " hit home.

2015 F150 2.7 ecoboost.

Comes into my shop Nov. 23 2022. Customer states 3 days prior they had the oil changed at a Grease Monkey quick lube about 5280 ft from my shop (eph Grease Monkey I have no reason to protect the guilty). When he picked it up it had no/low oil pressure warning, he asked Grease Monkey about it say it wasn't that way when he drove in. They stated it was fine and must be an electrical issue. He made an appointment at the local dealer, but they were 5 days out. 3 days later........ (about 28 miles driven).....

engine starts making bad noises, and he is just a few yards from my shop driving by so he pulls in........ (lucky me)

We do some investigation/diag and find the oil change was not performed correctly. Ford has a SSM ( step below TSB) that states if an oil change on a 2.7/3.0 ecoboost is not done correctly, engine damage will occur

(Specifics can be made, will just double this post length, so unless asked will hold off)

We let the customer know, and give him the documentation from Ford. He takes that to the Grease Monkey and we /I receive an email from the manager of the Grease Monkey stating " repair Mr ******* vehicle and we will pay for the repairs "

Due to the "supply chain" issues of 2022/2023. It takes about 4 months to get parts.
Now there are two twists to the job that make it go even further South, those involved FOMOCO and the dealer not Grease Monkey so we will leave that just saying the job just got worse and worse through no fault of ours.

We get the truck done and submit the bill (entire engine replacement with new turbos) to the manager of Grease Monkey and he basically says "go **** yourself". (Mind you he is an 18 year old kid). After a few days of digging I get a hold of the district manager and after a few phone calls he says the same thing.

At this point we get a lawyer.

After 10 months it ends like this.

Grease Monkey admits 100% they ****** up. But their reasoning for not having to pay is because, 1: the manager didn't have authority to make the statement he did in the email.
How in the **** am I supposed to know that?
2: because of #1, the corporate heads that could approve the repairs never had the opportunity to review / approve the repairs

Due to that the settlement we received was 2/3rds reimbursement, BUT because I didn't have anyone (not that the manager would have counted anyway) from Grease Monkey sign a liability wavier that stated we could collect attorney fees if required, 2/3rds of the settlement went to my lawyer.

In the end I received about 1/6th of the repair, and my shop lost about $15,000.

People wonder why I hate people, this is why.

Customer is hoping to pick up the truck Friday (having sat for a year we are doing some services to get it back on the road for him). He has been without his truck for 16 months.
Cheaper than the alternative, usually... ;)
 

FENNEC

Full Access Member
Joined
May 22, 2022
Posts
264
Reaction score
832
Location
Phoenix, AZ
Learning experiences are not cheap!!
After about 16 months a huge Learning lesson for myself has just ended.

Not trying to compare my situation to yours, just the whole "lesson learned " hit home.

2015 F150 2.7 ecoboost.

Comes into my shop Nov. 23 2022. Customer states 3 days prior they had the oil changed at a Grease Monkey quick lube about 5280 ft from my shop (eph Grease Monkey I have no reason to protect the guilty). When he picked it up it had no/low oil pressure warning, he asked Grease Monkey about it say it wasn't that way when he drove in. They stated it was fine and must be an electrical issue. He made an appointment at the local dealer, but they were 5 days out. 3 days later........ (about 28 miles driven).....

engine starts making bad noises, and he is just a few yards from my shop driving by so he pulls in........ (lucky me)

We do some investigation/diag and find the oil change was not performed correctly. Ford has a SSM ( step below TSB) that states if an oil change on a 2.7/3.0 ecoboost is not done correctly, engine damage will occur

(Specifics can be made, will just double this post length, so unless asked will hold off)

We let the customer know, and give him the documentation from Ford. He takes that to the Grease Monkey and we /I receive an email from the manager of the Grease Monkey stating " repair Mr ******* vehicle and we will pay for the repairs "

Due to the "supply chain" issues of 2022/2023. It takes about 4 months to get parts.
Now there are two twists to the job that make it go even further South, those involved FOMOCO and the dealer not Grease Monkey so we will leave that just saying the job just got worse and worse through no fault of ours.

We get the truck done and submit the bill (entire engine replacement with new turbos) to the manager of Grease Monkey and he basically says "go **** yourself". (Mind you he is an 18 year old kid). After a few days of digging I get a hold of the district manager and after a few phone calls he says the same thing.

At this point we get a lawyer.

After 10 months it ends like this.

Grease Monkey admits 100% they ****** up. But their reasoning for not having to pay is because, 1: the manager didn't have authority to make the statement he did in the email.
How in the **** am I supposed to know that?
2: because of #1, the corporate heads that could approve the repairs never had the opportunity to review / approve the repairs

Due to that the settlement we received was 2/3rds reimbursement, BUT because I didn't have anyone (not that the manager would have counted anyway) from Grease Monkey sign a liability wavier that stated we could collect attorney fees if required, 2/3rds of the settlement went to my lawyer.

In the end I received about 1/6th of the repair, and my shop lost about $15,000.

People wonder why I hate people, this is why.

Customer is hoping to pick up the truck Friday (having sat for a year we are doing some services to get it back on the road for him). He has been without his truck for 16 months.
That is crazy.
 
Top