RS buyers: Is your dealer making you sign a "right of first refusal buyback at MSRP"?
#16
Three Wheelin'
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Once again nothing wrong with trying to protect against flippers.....especially if good dealer selling at msrp but there must be a short timeframe attached to it if signed.
#18
Rennlist Member
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As long as there is a time limit to the contract, I would not have an issue. I think one year is reasonable. I agree with you that Park Place is a great dealer.
#20
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#21
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Only if the contract is time bound and it states they cannot sell themselves or trade for more than msrp. Should work both ways.
#22
Burning Brakes
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Sure...that's your story and you are sticking to it right? Next you will post...."Well I meant it when I said it". lol
Just messin with you dude ... I won't hold you to what you said.
#23
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No request with my dealer - already had a conversation with him if he thinks I should sell the car or keep it given where the market is and based on what he knows is coming next. Told me to wait until next year for some news...
#24
RL Community Team
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You guys are all looking at this the wrong way.
I think what they are doing is GREAT. A step in the right direction! Exactly what they should be doing to prevent these cars going to "opportunists" instead of enthusiasts.
Kudos to whoever this Porsche dealer is! Bravo!
I encourage every dealer to sell at MSRP with such a contract.
I think what they are doing is GREAT. A step in the right direction! Exactly what they should be doing to prevent these cars going to "opportunists" instead of enthusiasts.
Kudos to whoever this Porsche dealer is! Bravo!
I encourage every dealer to sell at MSRP with such a contract.
#25
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Any dealer that throws money into the lap of a customer, just to be a "good guy", is an idiot. A right of first refusal / buyback contract is an excellent means of ensuring enthusiasts get a car at a reasonable price without the dealer being said idiot. I'm all for it... kudos to Park Place.
That said, if I managed to get one at MSRP w/o restriction... I would sell it in a heartbeat for as much as I could get.
That said, if I managed to get one at MSRP w/o restriction... I would sell it in a heartbeat for as much as I could get.
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#26
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I agree with the dealer. They could easily sell their allocation at way above MSRP, and by getting this "right of first refusal", they ensure that they don't foolishly sell the car to the wrong person.
I think it is reasonable, for a period of a year or so. And yes, I would certainly sign it if buying a limited production car at MSRP , of course unless my plan was to simply resell it for a nice profit, in which case the contract becomes an issue.
If the dealer is selling these cars at MSRP, it means that they operate with a good level of integrity.
I will sign it if asked.
Rich
I think it is reasonable, for a period of a year or so. And yes, I would certainly sign it if buying a limited production car at MSRP , of course unless my plan was to simply resell it for a nice profit, in which case the contract becomes an issue.
If the dealer is selling these cars at MSRP, it means that they operate with a good level of integrity.
I will sign it if asked.
Rich
#27
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Even if you signed it, it wouldn't hold up in court if you sold the car. However if they are selling to you at MSRP you must have good relationship & that would probably go out the window on future cars. If you ask me, I would sign & honor as the relationship is worth more down the road than the profit you might make in the short run.
Just my $0.02
Just my $0.02
#29
GT3 player par excellence
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i would sigh it. and my price would be 10x msrp.
they have the right to refuse.
i dont think the contract is of any use.
you ultimately decide who and how much to sell.
no worries.
they have the right to refuse.
i dont think the contract is of any use.
you ultimately decide who and how much to sell.
no worries.
#30
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contract should state split the profit at resale then it would seem fair, but if they buy back at MSRP and the heap current market value they could still reap the $100k.
Certainly needs a time out clause and I would get a lawyer to look at the contract 'just because'.
This way of doing business is poor (MSRP + a heap more profit by the dealer) Porsche should control the margins and bonus's for good sales and customer service not a poor dealer writing a cheque 'just because' and probably stuffing customer relations in the process. Porsche and its dealers are doing well enough with out this shae practice... Porsche should stop it period.
Certainly needs a time out clause and I would get a lawyer to look at the contract 'just because'.
This way of doing business is poor (MSRP + a heap more profit by the dealer) Porsche should control the margins and bonus's for good sales and customer service not a poor dealer writing a cheque 'just because' and probably stuffing customer relations in the process. Porsche and its dealers are doing well enough with out this shae practice... Porsche should stop it period.