Looks like a new business model is emerging-and we are bringing it upon ourselves! JIT. Means
JUST IN TIME. In out quest to always buy the cheapest the online guys are accommodating our desire. But it's coming at a cost and risk. Hereafter is my opinion. And you know what opinions are? Everyone has one
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I just ordered a 700 from Ride 1 Up. $1500 in advance with a delivery estimate of Sep 15. This is where the new JIT business model kicks in. They have no inventory. Your order gets in line with all the rest. After the charge is approved by the credit card company. They order the bikes from China, using our money and hope the product arrives close to the promised delivery date. It is more complicated I know but -in essence that's what it is. They can miss the promised delivery date by as much as 90 days and if you want your $$$ refunded, it costs you $45. Pretty clever I'd say!
It's not just R1U. Aventon has the same policy. And we're doing it to ourselves! How? Today's buyers have no concept of what a contract means. If you place an order it means you're committed. Truthfully, I'm happy these guys have figured a way to make it cost $ to be a "wishywashy" buyer. Your word to buy should be backed up with consequences.
The risk! A few years back I ordered $40,000 in good coins from The Washington Territorial Mint in Seattle. They too got all the $$$$ up front. They then ordered from the U.S. mint. My order was 6 months past promised date. I did get the coins. Three months later they declared bankruptcy. All those people behind me lost their $$$$.
Going in I knew the risks. I'm willing to take them to get something I want for a fair price.
Are you?