Section 4(2) of the Securities Act of 1933 exempts from the registration requirements of that Act "transactions by an issuer not involving any public offering.” This is the so-called "private offering" provision in the Securities Act. The securities involved in transactions effected pursuant to this exemption are referred to as restricted securities because they cannot be resold to the public without prior registration. They are also sometimes referred to as "investment letter securities" because of the practice frequently followed by the seller in such a transaction, in order to substantiate the claim that the transaction does not involve a public offering, of requiring that the buyer furnish an investment letter representing that the purchase is for investment and not for resale to the general public. The private offering exemption of Section 4(2) of the Securities Act is available only where the offerees do not need the protections afforded by the registration procedure.
The Ford Transit Custom is a popular commercial vehicle that offers versatility, efficiency, and reliability for businesses and individuals alike. In this detailed description, we will focus specifically on the private sale aspect of the Ford Transit Custom, highlighting its key features and variations. A private sale Ford Transit Custom refers to a transaction where an individual or private owner sells their used Ford Transit Custom directly to another individual or entity, bypassing a dealership or any intermediaries. This type of sale provides potential buyers with opportunities to purchase the vehicle at potentially lower prices compared to buying from a dealer, while also giving them a chance to negotiate directly with the owner. The Ford Transit Custom is available in several configurations, each providing unique features to cater to specific needs: 1. Panel Van: The panel van version of the Ford Transit Custom offers a spacious interior cargo area, making it ideal for various commercial purposes such as transporting goods, tools, or equipment. It comes in various roof heights and wheelbase lengths to accommodate different loading requirements. 2. Double Cab-in-Van: This variant of the Ford Transit Custom offers additional seating capacity with a second row of seats, making it suitable for businesses or individuals requiring a combination of passenger transport and cargo space. It provides seating for up to six people while still offering enough room for carrying equipment or goods. 3. Bomb: The Bomb version of the Ford Transit Custom is designed primarily for passenger transportation. It features comfortable seating for up to nine people, making it suitable for businesses or organizations requiring group travel, such as airport shuttles, hotel transfers, or sports teams. 4. DCI: The Double Cab-in-Van (DCI) variant of the Ford Transit Custom combines' passenger seating with a load area, allowing businesses or individuals to transport both people and goods simultaneously. It offers versatility and flexibility, making it well-suited for construction crews, delivery services, or other businesses requiring a combination of passenger transport and cargo capacity. When considering a private sale Ford Transit Custom, it's essential to thoroughly examine and verify important details such as mileage, service history, condition, and any additional features or modifications. Carrying out a professional inspection and requesting necessary documentation, including the vehicle's logbook and maintenance records, is highly recommended ensuring a reliable purchase. In summary, a private sale Ford Transit Custom presents an opportunity for buyers to acquire this versatile commercial vehicle directly from a private owner. With various configurations available, including the panel van, double cab-in-van, bomb, and DCI versions, individuals can choose the specific variant that best suits their business or personal needs. Remember to do proper due diligence and ensure the vehicle's condition, history, and relevant paperwork before finalizing the purchase.
