Don't you have to wait a year?

Then how does one explain almost new cars available at the various authorized Ferrari dealerships?

 

My understanding is that the one year caveat only applies to the limited edition models


Sent from my iPad using Tapatalk

 

Disgusting, to say the least.

Thank you

 

Ferrai cannot keep you from selling anything. You bought it.. you own it. You can do whatever you like once it is in your garage. I don't understand why this is so hard to comprehend.

 

They can't stop you from selling...they can just keep you from buying.

 

Ford had buyers of the GT40 sign a contract stating that the buyer would not sell the car for 2 years. I remember a couple buyers, one being John Cena, did sell shortly after buying. In both cases Ford sued and there were out of court settlements.

 

My Ferrari dealer requires a signed First Right of Refusal agreement before you take possession of the newly ordered car. This agreement is legally enforced by entering a lien on your car . It mandates that before you can sell your car to another party in the first year of ownership, the dealer must be offered the opportunity to purchase the car at the same price you were going to sell it to the other party. If they take that option, the car must be sold to them before they remove the lien.

 

Most almost new/pre-owned Ferrari's you see at Ferrari dealers are on consignment. When they sell it, the dealer usually waits until 1 year from original in service date before they change the ownership in their worldwide CRM. At least that's what I've seen on the specialty cars.

 

Law and supply and demand


Sent from my iPhone using Tapatalk

 

Mine has something similar but they want for 2 years the right to sell it for you


Sent from my iPhone using Tapatalk

 

Other dealers, Mclaren and Lamborghini ask you to sign a similar First Right of Refusal but they are not legally binding.

 

Unless there is some kind of massive disparity in the US and UK markets I don't see how anyone could sell a F8 Spider for a "massive profit". Here there are a lot of nearly new Spiders for sale at authorised dealerships, for less than their list price with options, all registered within the last 9 months. Anyone selling will be taking a big hit, not a massive profit. You can buy a car listed and sold at more than £300k earlier this year with less than 3k miles for less than £290k.

take the dealer chunk out of that and it's a big hit for the seller.

This is a mass production Ferrari. Great car, but no profits here.

 

Lower of MSRP or market value?

 

Some people sell the allocation, give the appearance that they have taken delivery but it has been titled into a company name or someone else's name...

 

Any authenticated price from another source up to actual price paid for the F car which includes freight, taxes etc. In my case, my dealer paid me the exact price I paid for the car.

 

Not here. Market gone crazy.


Sent from my iPhone using Tapatalk

 

Six months. Contract with significant financial penalty.

Second 812 GTS up for sale locally for a steep gain.

Especially so with the shortage. But that’s how you keep your spot I presume. Sell through dealer and drive for free.

I thought the 812C was two years ? Higher penalty I was told by a friend who ordered one.

Interesting about lien not aware they can do that in the US.

 

They can't. If you pay for the car in full, there is nothing to lien. If you finance through a third party, the dealer gets paid out, and the finance company now holds the lien until the car is paid for. You buy it is yours..sell it and make the bank.

However Ferrari does not have to sell you a car. That is the risk..first world problems

 

F8 Spiders are 30-50k over, at least in my market area. For now, as no one expects that to last of course. Should be interesting to watch as I believe allocations will start getting a tad harder….obviously corporate wants to start building interest for the 296 at some point soon.

my understanding is that the dealers don’t enter the sale transaction into the system until after 6 months has passed. If the factory sees a transfer sooner, dealers can lose a future allocation. AND, factory will not sell to that person again.

Best info I have from people that would know these things. As always, I assume there are exceptions and tricks and cleverness.

 

In my experience dealers are having clients sign a 6-12mo no-resale agreement that offer right of refusal to the dealer inside that timeframe. If the client sells the car inside 6 months the dealer is back charged a percentage of msrp by Ferrari and docked a future allocation. The client is also on the blacklist for buying future cars.

I find it frustrating buyers are flipping cars inside that period. It takes allocations from guys who genuinely want to own the car. It undermines the dealer and makes them more difficult to work with and form relationships with for genuine aficionados. It artificially inflates demand at the primary level which ripples out into the resale market (this is tricky as owners do like their cars increasing in value and I’d imagine the financing arm of Ferrari does too). It’s not all that different from the high end watch market. Lots of pikers that want to flip something to make a quick buck in order to supplement their income I suppose. Kinda a scummy thing to do but that’s the way it goes when money is involved.

 

I am in Canada

 

Whats the typical wait on allocating a new F8 for example?