[Matt Monson]

Something that I think most people in this thread don't understand, and which I stated previously, is that in the business, a "core" has a very specific meaning. To someone like Bill Rader, or California Motorsports or Vertex or COGs Cogs, when they offer you a rebuilt gearbox on a core exchange basis, they are expecting something to show up with the bulk of the non-service parts in good usable condition. Every single one of those shops would refuse to refund your core deposit if this gearbox showed up on their dock.

Someone emphasized my use of "rebuidable" in an earlier post and said the ad just said core. That's irrelevant. My comment was redundant. Bill has confirmed that to a gearbox builder this does NOT qualify as a core in the condition it is in. I think this is the basis of the misunderstanding between the buyer and the seller. They aren't using the same definition for a core gearbox.

I hope my comments in this thread will aid other people, buyers and sellers, in the future to avoid getting here. More due diligence from each of them could have easily avoided this situation.