So you shelled out six or even seven figure for thatsupercaryou were dreaming about , and were even willing to undergo the hyper - competitive process to site a deposit and actually take delivery . And now , you ’ve decide the motorcar — gasp — is n’t everything you think it would be . Well , if you think you could flick it for a profit and cash out , call back again .
There ’s a unretentive but notable lean of automakers that are admit clauses in the sale contracts of their topnotch - limited , tops - expensive cars that interdict vendee from reselling them for a certain time geological period .
Yes . You read that right . Some automakers are insisting auto buyers not resell their cars . TheMercedes - AMG Project One , for instance , is the German carmaker ’s first street - legal Formula One motorcar with a price ticket of $ 3 million . Just 275 are slated for production and all of those have been sell . Part of the wad , though , iscustomers wo n’t be able to selltheirs as shortly as they get them . Though it is n’t yet clear how long Project One buyer will be restrict from resell their cars after they take delivery in early 2019 .
Mercedes AMG is the previous to link the lean , but it ’s certainly not the only one . In 2017,Aston Martinstarted offer upslots for the special Valkyrie , which had a schedule production run of 175 cars , a project delivery date of 2019 and a price of $ 3.2 million . Though there have been no theme of no - resale clauses in the Valkyrie contract bridge , Aston Martin CEO Andy Palmer take toTwitterto clarify that people who flip their allocation ( the waiting spot for a elevator car yet to be build ) would be banned from future limited - variant Aston Martin buy .
Ford also is on board with this mind . TheFord GT , which costs $ 500,000 , was introduced as a 2017 model and Ford handpicked a few hundred multitude to own the gondola out of the thousand that applied to purchase it . buyer are forbid from selling the gondola fortwo yearsafter taking manner of speaking , though some have tried .
So is this practice even legal ? It ’s not quite clear , especially based on howFord has respondedto a couple of GT resales . Fordsued matman John Cena , who resold his GT in November 2017 , and the grammatical case was settled out of court in June 2018 . Another GT owner , Michael Flynn ( notthatMichael Flynn ) , sold his car through Mecum Auctions . Flynn reportedly buy the GT from its first possessor , but Ford was touch on about the oculus of the motorcar being sold at the famed motorcar collector vendue house . Ford filed a temporary restraining order to arrest the sale , but a judgeruled in Mecum ’s favorand permit it .
So on one hand , such a contract could be enforceable . On the other handwriting , purchaser of these tiptop - luxury cars might get aside with reselling them before the restricted meter limits are up . But if you have one of these first-rate uncommon cars in your possession , is driving it for a duo of years really such a hardship ?
