Found this on the AR 15 forum apparently from a Colt LEO dealer
OK, Got good news and bad news.
The Good News is the first order of 6450s are at my supplier and will be shipping to me Monday.
The Bad News is Colt has completely effed us. First they have raised prices about $100 on every Colt LE model and they have charged the distributors that price difference and those distributors are charging the dealers (like me) that price difference. This means I will be losing money on every 6450 that arrives in the order coming to me.
Also Colt has retroactively enforced the letterhead requirement. This means I need to have a police letterhead for every individual rifle ordered BEFORE it will be shipped out. For those people who are NOT buying one for "duty use" WITH a letterhead authorization they WILL NOT be shipping a rifle. And IF they did they will not deliver at the quoted price when I placed the order.
Also Colt is no longer offering rifles at "quoted prices" but at "current prices" at time of delivery. What this means is that if I place an order for a police officer WITH a letterhead and Colt quotes $1,100 for the rifle, when it is ready to ship (and current delivery estimates are 9 months) I would be charged the "current" price at that future date. This means if Colt decided to raise the price to $1,600 in that 9 month period that is what I would have to pay.
I have been advised by my Colt distributors that Colt is seeking to go agency direct and cut out LE distributors and LE dealers completely and this should be a very effective way of doing it.
Once I receive delivery of the inbound 6450s I will no longer be getting anymore Colt rifles. I have cancelled ALL pending orders.
Here is where we stand:
1. For police officers who DID supply a letterhead and are willing to pay the current price increase, as well as any future increase Colt may decide to do, I will resubmit individual LE orders under the new terms.
2. For ANYONE who wishes to substitute a Bushmaster rifle I will place orders for those rifles.
3. For ANYONE who wishes to cancel your order that will be done more or less anyway. We simply are not gonna cash checks or run the cards. Money Orders WILL BE RETURNED. Checks will be destroyed, if anyone wishes to send a SASE we can return the uncashed check. A small handfull of checks were cashed and refund checks for the same amount will be issued in those cases.
I am extremely sorry that Colt has chosen this course of action. I hope everyone understands this is beyond my control and contrary to my wishes. I'm only glad the bulk of the order was covered out of my pocket so that everyone who paid with a credit card won't be looking at a non refundable loss of 4%. I only wish I could say the same for myself. This deal is gonna cost me a loss of a few thousand bucks (and I don't mean lost profits). Also I will have effectively alienated a large part of my local LE customer base who couldn't get letterheads and were depending upon me to produce rifles.
I'm gonna start going through the paperwork when the 6450s arrive, hopefully some time next week.
In the meantime if you want to substitute a Bushmaster model please email me so I can get the substitution order arranged.
After this fiasco is resolved as much as it can be I will be selling Bushmasters as my primary LE product. I don't think I want ANYTHING to do with Colt in the future. I have never seen a company try so hard to put LE dealers out of business.
OK, Got good news and bad news.
The Good News is the first order of 6450s are at my supplier and will be shipping to me Monday.
The Bad News is Colt has completely effed us. First they have raised prices about $100 on every Colt LE model and they have charged the distributors that price difference and those distributors are charging the dealers (like me) that price difference. This means I will be losing money on every 6450 that arrives in the order coming to me.
Also Colt has retroactively enforced the letterhead requirement. This means I need to have a police letterhead for every individual rifle ordered BEFORE it will be shipped out. For those people who are NOT buying one for "duty use" WITH a letterhead authorization they WILL NOT be shipping a rifle. And IF they did they will not deliver at the quoted price when I placed the order.
Also Colt is no longer offering rifles at "quoted prices" but at "current prices" at time of delivery. What this means is that if I place an order for a police officer WITH a letterhead and Colt quotes $1,100 for the rifle, when it is ready to ship (and current delivery estimates are 9 months) I would be charged the "current" price at that future date. This means if Colt decided to raise the price to $1,600 in that 9 month period that is what I would have to pay.
I have been advised by my Colt distributors that Colt is seeking to go agency direct and cut out LE distributors and LE dealers completely and this should be a very effective way of doing it.
Once I receive delivery of the inbound 6450s I will no longer be getting anymore Colt rifles. I have cancelled ALL pending orders.
Here is where we stand:
1. For police officers who DID supply a letterhead and are willing to pay the current price increase, as well as any future increase Colt may decide to do, I will resubmit individual LE orders under the new terms.
2. For ANYONE who wishes to substitute a Bushmaster rifle I will place orders for those rifles.
3. For ANYONE who wishes to cancel your order that will be done more or less anyway. We simply are not gonna cash checks or run the cards. Money Orders WILL BE RETURNED. Checks will be destroyed, if anyone wishes to send a SASE we can return the uncashed check. A small handfull of checks were cashed and refund checks for the same amount will be issued in those cases.
I am extremely sorry that Colt has chosen this course of action. I hope everyone understands this is beyond my control and contrary to my wishes. I'm only glad the bulk of the order was covered out of my pocket so that everyone who paid with a credit card won't be looking at a non refundable loss of 4%. I only wish I could say the same for myself. This deal is gonna cost me a loss of a few thousand bucks (and I don't mean lost profits). Also I will have effectively alienated a large part of my local LE customer base who couldn't get letterheads and were depending upon me to produce rifles.
I'm gonna start going through the paperwork when the 6450s arrive, hopefully some time next week.
In the meantime if you want to substitute a Bushmaster model please email me so I can get the substitution order arranged.
After this fiasco is resolved as much as it can be I will be selling Bushmasters as my primary LE product. I don't think I want ANYTHING to do with Colt in the future. I have never seen a company try so hard to put LE dealers out of business.