The issue is, who owns the truck once you drive off the lot!!!
Hate to break it to you but there are lots of material and intellectual property items that “contracts” limit how a product can be re-sold or even given away. Commonly called “rights-to-use” sales agreements. They’re used to protect consumers and copyrights. European car companies had fits with this subject so started cancelling warranties for people reselling their cars at high markups.
Like I said not a lawyer just an opinion, but there is also an issue of a signed contract to the rights to own, that states no resale for one year.
You cant put anything into a contract and have it enforceable if it is unreasonable.
Sheesh. This is an effort on Ford's part to protect you from scumbag dealers and scalpers. Sorry they haven't accounted for you not being able to afford it. Maybe don't buy it in the first place?
a) Great that they are making an effort, doesnt mean restricting what someone can do with their own vehicle is the best approach. Clearly it can have unintended consequences.
If memory serves me right the Land Rover has this clause in the purchaser agreement also.
Yep but there’s a huge problem with that letter. Ford acknowledged illegal acts by dealerships and calls out those acts by name. I’m not an attorney but that seems like a huge problem for Ford and may open them up to lawsuits. In other words, you’re doing it, we know you’re doing it, what you’re doing is illegal and knock it off or we cut off your allocations. Guess nobody at Ford has ever heard of criminal conspiracy. They probably should have added a sentence to say that: Any dealership found to have committed an illegal act may be subject to additional sanctions up to and including termination of the dealership franchise.Seems like a step in the right direction.
From the F150 Lightning forum. Link to original post below.
https://www.f150gen14.com/forum/threads/-ford-warns-dealers-against-additional-deposit-reservation-requirements-for-lightning-orders-supports-no-resale-provisions-in-purchase-contracts.7961/
Mecum auctioned one and Ford sued them too.John Cena sold his GT40, Ford sued him.
Rule #7
https://www.topspeed.com/cars/rules-of-owning-a-ford-gt-ar185442.html
