FORENN

This^^^. Go ahead and sign it, it means nothing.

JPMD

Doesn't Ferrari do this with most of their new car sales? Not sure how it's enforced. Maybe blacklisted against buying any future cars.

ScottKelly911

I wonder if all of a sudden the economy took a horrid turn and REALLY went into the crapper, if they'd still buy back the car at MSRP if they began trading at 30% UNDER MSRP a year from now...

Let's face it, there are absolute great safeguards here in that it does make sure the car isn't going to someone who will flip it and quickly cash in. I commend that wholeheartedly and it reminds me of Ferrari's FXX program where if you bought one, you had to commit to tracking the car and racing it and were not allowed to sell it. On the otherhand, I don't want a dealer telling me that I can't sell the car for as much as I want if I fall on hard times and can really use this as a means to possibly help keep my house if I lost my job. Yes, it probably wouldn't stand up in court, but as someone else said, it would probably ruin any relationship you have with that dealer if you didn't either sign it or abide by it if you found yourself in a position in which you needed to sell it. I do commend them for selling the car to you at MSRP, but ALL dealerships should be selling at MSRP in my humble opinion.

poofyo101

^agreed

RSRRacer

I have not been asked to sign anything like this.

RSRRacer

No, but if I elected to sell this car I would give dealer first chance to buy it back. They will offer well above MSRP for desirable cars.

mwar99

I do find it amusing how there are posts defending the dealer in this thread and if you go to a thread to where the dealers are trying to get more than MSRP for a used car they are vilified.

-eztrader-

I had to sign a doc before purchasing two new ferraris. If you don't follow the rules the dealership can blackball you from future purchases.

snabbgt3

The advocacy in this thread for some dealer's strategy of having customers sign an agreement to sell back at MSRP will create a LOT of anger in those of us now receiving RS's ...

Having placed a deposit ($5000) on the RS in spring 2014, now fortuitously seeing a great price appreciation in the RS, to then be asked to give the dealer the car back at MSRP at sale or trade-in just wont fly ...

I have deposit on the GT2/GT2RS and 960. If a year or so from my upcoming November RS delivery I wish to trade the RS in for a GT2/GTRS am I to give the RS back at MSRP even though the market price for a well-maintained RS may still be $50,000+ above MSRP? So, many of you are advocating ALL that price appreciation should go to the dealer?!

So what happens if the RS prices plummet and the market value is less than MSRP, will the dealer take that hit?

If I'm asked to guarantee the dealer MSRP at future trade-in of my RS, will I trade the RS in for a GT2/GT2RS or 960 with that dealer? NO.

Mr. Adair

This! Exactly. it's still a controlling business practice that just adds to their already shady reputation. If it doesn't hold up in court why do it? Because in some cases buyers will rollover and do it out of fear and then the dealer will make bank on the resale mark up. They are still leveraging the buyer against the fact they have exclusivity on something we want. Thanks for such a wonderful buying experience Porsche! I always say buying a 200k Porsche should be the most enjoyable experience a car guy could ever have, too bad more times than not it's not. The more I think about it as I type I would tell them I'm walking on the deal if I have to sign it. I'm not feeding the machine. There are dealers that will sell you at MSRP with no strings....

Mr. Adair

They wouldn't. All this to get a car at MSRP. That is what they are supposed to sell for. You CAN find a dealer to sell you at MSRP! And then you can ask whatever you want on resale when it's time. This is just fear and laziness. You're the customer damit! And you are laying down your 200k. Get exactly what you want or walk. I just don't like how Porsche has changed the mindset of their buyers..

carcommander

Lots of discussion on Ferrari chat about these agreements. They are not enforceable.

Jimmy-D

This is a very interesting thread. There is no wrong or right. I do not like Car Dealers- sorry if any one offended. But, if I were a Dealer and know that I could make an extra $50,000-$100,000-but at the same time you want to be loyal to your hard core Customers- I get it if they are asking this. Better than telling you to go fly a kite

TRAKCAR

Nothing.
Not that i read any of the paperwork.
Mine will have 6000 miles before the first payment late October..

Petevb

I like it in theory. In practice I think it does get complex to enforce- making buyers sign a lease rather than an outright purchase is perhaps most effective.

There is no question that speculators are driving up prices: in addition to enthusiasts you've got an entire class of additional buyers with financial motivations, meaning more people competing for a fixed number of cars. This drives up prices for everyone, which in turn makes it harder to use these cars for their design purpose. There are very few of us that can justify regularly tracking a $350k+ car. Net result: more museum pieces, less enjoyment. Sounds more like Ferrari and less like Porsche, and I don't think that's a good thing. One of the main attractions to the brand is that these are cars designed to be used. Drivers, not poseurs.

Removing some of the financial motivation should help the situation, the question is how? Porsche could do it from the supply side- wash out would-be speculators by making 3 or 4 x as many cars as expected, leaving a car for every real driver and speculators with no one to sell to but themselves. Of course this means steep depreciation, which doesn't make for a happy ownership proposition either.

A four year lease at MSRP would be a middle option: the ROI for speculators would drop to the point where it's much less attractive, long term value for real owners would be maintained, cars would be more likely to be used (one hopes) and everyone would be free to act in their own financial best interest within the rules. Sure some (dealers and flippers) will complain that they don't get to make a quick buck, but perhaps they are part of the problem to begin with?