Bad idea? buying a 812 GTS before the sellers 1 year non sale clause is up? | FerrariChat
Buy

Bad idea? buying a 812 GTS before the sellers 1 year non sale clause is up?

Discussion in 'Ferrari Discussion (not model specific)' started by Scaramanga 007, Sep 3, 2021.

This site may earn a commission from merchant affiliate links, including eBay, Amazon, Skimlinks, and others.

  1. Scaramanga 007

    Scaramanga 007 Rookie

    Mar 23, 2020
    10
    #1 Scaramanga 007, Sep 3, 2021
    Would a buyer be just as penalized as the seller? I would think so, but i'm new to the Ferrari pre owned market and really would like some pointers.
     
  2. Dave Bertrand

    Dave Bertrand Formula Junior
    Rossa Subscribed

    Dec 24, 2005
    826
    Castle Rock, CO
    #2 Dave Bertrand, Sep 3, 2021
    That no-sale clause is a contract between the original owner and Ferrari. The second buyer is not a party to that contract and has no duties thereto. Only the seller is at risk for breach of contract.
     
    350MH83, vraa and Scaramanga 007 like this.
  3. Scaramanga 007

    Scaramanga 007 Rookie

    Mar 23, 2020
    10
    #3 Scaramanga 007, Sep 3, 2021
    Excellent thank you. Legally in the clear, but would it affect me getting preorders on New Ferrari's. I do want to play it so i can get new production models and play it the right way.
     
  4. MrF355

    MrF355 Formula Junior

    Mar 4, 2008
    495
    Sydney
    Full Name:
    Kimi
    #4 MrF355, Sep 4, 2021
    You would not be affected in any way. You are not the one that is in breach of the contract nor a party to that contract.
     
    Scaramanga 007 and vraa like this.
  5. Scaramanga 007

    Scaramanga 007 Rookie

    Mar 23, 2020
    10
    #5 Scaramanga 007, Sep 4, 2021
    Hey thank you so much.
     
  6. FerrariCognoscenti

    FerrariCognoscenti Formula 3

    Jan 19, 2021
    2,429
    East Coast
    #6 FerrariCognoscenti, Sep 7, 2021
    How would Ferrari learn that the seller breached the contract? Unless they’re notified by the buyer or seller directly, how would they know?


    Sent from my iPhone using Tapatalk
     
  7. Thecadster

    Thecadster F1 Veteran
    Rossa Subscribed

    Apr 27, 2017
    7,720
    #7 Thecadster, Sep 8, 2021
    Registration data is made available in most states. It’s a very big business.
     
  8. TTR

    TTR F1 Veteran
    Rossa Subscribed

    Mar 29, 2007
    6,097
    Riverside, CA
    Full Name:
    Timo
    #8 TTR, Sep 8, 2021
    How about if the "2nd"owner needs to take the car for some service or warranty work at the dealer before the clause mandate is over ?

    Sure about that ?
    I've been lead to believe that at least in here in California there are some privacy laws/rules in place to prevent easy access to registration data.
     
  9. FLGT

    FLGT Formula Junior
    Silver Subscribed

    Jun 16, 2008
    641
    #9 FLGT, Sep 8, 2021
    No issues buying it. Take it to your local dealer for service, and establish a good relationship with them moving forward.
    You could even let them sell it for you whenever the time comes, and get in their 'in crowd'
     
    SAFE4NOW likes this.
  10. SAFE4NOW

    SAFE4NOW F1 Veteran
    Sponsor Owner

    Aug 25, 2004
    5,885
    Dallas Texas
    Full Name:
    If you know you know
    #10 SAFE4NOW, Sep 8, 2021
    Times are changing, my understanding is that as long as you put down the deposit, and are willing to wait for your allocation, you can get a Roma, Portofino M, F8, and so on.

    If you are wanting special editions, I think it best to purchase your Ferrari from the Dealership you are wanting to do business with.

    Just my understanding...

    The Ferrari world is a small world, aside from the numerous sources and services out there, word of mouth travels quickly, not to mention social media and the like.

    ^^^^ This.

    Steve
     
    arizonaitalian likes this.

Share This Page