I know it’s hard to believe, but it’s true. I’m proudly Joe Nobody. I submitted exactly zero pictures or videos with my application. I’m just a longtime Ford homer like many, many others who got an allocation. I’m convinced some of them don’t even know what the internet is. Without this allocation method I never would have got a car. For one reason, I likely would not have paid the the ADM or the going rate on the secondary market. It’s clear Ford left a bunch of money on the table with the MSRP where it is. I’m very appreciative that Ford left it there for a loyal Ford homer like me to scoop up.
What's wrong with free market capitalism? Ford made the mistake in the first place. It should have just let the car's price be set by the dealers. If that was the case you would not need all these contracts. Instead it created a PR campaign to find the lucky people who could buy one. Unfortunately when the final people were selected it was seen as corrupted by Ford's desire to make sure it got the biggest PR bang for the butt instead of being "fair" to loyal Ford owners. In fact I would argue that by creating this PR game it actually made the cars even more expensive for enthusiasts to attempt to buy. Speculators want what they cannot get at any price.
Sorry I disagree. The market should have been left in play here. Ford should have gone through the normal process and let the price float. Because it was made "unobtainium" by Ford its price was greatly inflated because speculators-- who only want it because they feel it's going to go up in value -- will pay anything to get what they cannot get in the free market. I seriously doubt there are that many people who want this car above $600 grand out there when there's a lot of other cars to choose from. But, add some PR magic and make it impossible to get at any price and Voila' -- instant value added. All Ford did is here artificially influence the market for 2 years. Like any form of price control attempts, all it does it make things more expensive.
We've already had this debate and I'm not inclined to revisit it. You don't like the allocation program and I do. In any event, it's irrelevant to the issue of Cena. He signed a binding agreement. Period.
Has anyone read the agreement? I'd very interested to see the actual language of the clauses precluding sale within two years of purchase.
I always thought they should have just sold as many as they could at $450k a pop. They would have probably sold 3000 or so. Not 7000 bc im sure a lot of those interested were interested bc of the limited factor but if we look at Lambo, they have no problem shifting 5k+ Aventador at the same price. So they would have made $1b more in revenue that way and not pissed off thousands of wealthy customers. With regards to Cena, i think Ford is very right to sue him. He obviously knew about it so he broke the contract. Will be interesting to know what will happen to the profit made on the sale. Anyone knows how much he sold it for?
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I don't believe Ford has any chances of winning this suit in any significant way, black listing him yes but no financial judgement. The court will see it as a fundamental right of the owner of the car to sell it anytime he chooses.
Exactly. But they want to put fear into those who signed that it will cost them a lot of money in legal fees. Ford made the problem in giving the car to some people just because it was good PR or they had a large following. It should be no surprise to anyone when they flip the car for a profit then.
Plenty of situations where one can sign a "contract" that has no legal enforcement muscle behind it. For example, try getting a non-compete enforced in most states.
Been there done that. I’ve successfully enforced them and defended against them. However, the fact that I’m able at times to get a client out of a contractual obligation on a technicality doesn’t mean my client was a righteous person.
Lol I don’t know John Cena but I certainly wouldn’t judge him harshly as a person bc he wanted to make some profit on his Ford GT. Or maybe he just genuinely didn’t like the car. Either way this is a car we are talking about not like he sold his child or something.
Judge him harshly? He knowingly breached an unambiguous agreement mere weeks after taking delivery of his car. He is being judged on his record.
Im with you on this. To me it doesnt matter if the contract is enforceable or not, nor does it matter that Id prefer no agreement and let the market do what it will. what matters is someone signed an agreement then reneged on it. Thats the single most important thing to me. but then, Im too ethical for my own good (which Ive been told by my CPA and attorney)
Good for you. Having integrity is something to be proud of. Although it seems far too many people lack it, there are those who demonstrate it at significant cost and when no one is looking, Those people are truly rich.
