RS buyers: Is your dealer making you sign a "right of first refusal buyback at MSRP"?
#1
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Just want to see what others have been told...
I'm selling my GT3 privately and the dealer now says, "FYI, you have to sign a right of first refusal buyback at MSRP" if you sell your RS. No time frame given. I am getting car at MSRP.
Anyways, I have no intention of selling my voodoo blue RS for a profit and I am grateful at getting it at MSRP. What have others been told?
Thanks.
I'm selling my GT3 privately and the dealer now says, "FYI, you have to sign a right of first refusal buyback at MSRP" if you sell your RS. No time frame given. I am getting car at MSRP.
Anyways, I have no intention of selling my voodoo blue RS for a profit and I am grateful at getting it at MSRP. What have others been told?
Thanks.
#2
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That's sounds like B.S.
My friend just sold his GT4,,,,dealer told him the same thing after he listed it
After calling PCNA, they told him there was no issue selling it, and he was even able to transfer warranty from Canada to US
My friend just sold his GT4,,,,dealer told him the same thing after he listed it
After calling PCNA, they told him there was no issue selling it, and he was even able to transfer warranty from Canada to US
#3
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There may be state laws that apply differently for all of us, but I find it hard to believe they can legally do this. Like selling houses, automobile sales are regulated by the state. If they want to be jerks, then lets get the dealers name out there on RL. And maybe you just have it titled in your wife's name first, have her sign that BS agreement, then transfer title to your name.
#4
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Curious what they would do if you refuse; give your car to someone else?
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How could they even enforce it? Such silliness.
#7
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I had to sign a document I wouldn't ship my car out of the country for one year. Stupid but I didn't really care. Could be the same thing.
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#8
Three Wheelin'
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Just want to see what others have been told...
I'm selling my GT3 privately and the dealer now says, "FYI, you have to sign a right of first refusal buyback at MSRP" if you sell your RS. No time frame given. I am getting car at MSRP.
Anyways, I have no intention of selling my voodoo blue RS for a profit and I am grateful at getting it at MSRP. What have others been told?
Thanks.
I'm selling my GT3 privately and the dealer now says, "FYI, you have to sign a right of first refusal buyback at MSRP" if you sell your RS. No time frame given. I am getting car at MSRP.
Anyways, I have no intention of selling my voodoo blue RS for a profit and I am grateful at getting it at MSRP. What have others been told?
Thanks.
You're a good customer so I would throw a ****fit. It's debatable on how enforceable it would be even if you signed it but I wouldn't lock into that or if you did limit the timeframe...to a year or 2. This would protect against quick flippers anyways. Don't want to be in legal battle in future just in case they go to moon further.
Last edited by sccchiii; 10-06-2015 at 09:12 AM.
#9
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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.
#10
Three Wheelin'
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Originally Posted by goin2drt
I had to sign a document I wouldn't ship my car out of the country for one year. Stupid but I didn't really care. Could be the same thing.
Tell them you'll sign it if the time limit is a week
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#11
Nordschleife Master
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+1
#12
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FYI, this dealer has always taken care of me and I have bought several cars from them
. I am not angry. I just found this interesting since it was only brought up when I sold my GT3 privately.
. I am not angry. I just found this interesting since it was only brought up when I sold my GT3 privately.
#13
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There may be state laws that apply differently for all of us, but I find it hard to believe they can legally do this. Like selling houses, automobile sales are regulated by the state. If they want to be jerks, then lets get the dealers name out there on RL. And maybe you just have it titled in your wife's name first, have her sign that BS agreement, then transfer title to your name.
![jumper](https://rennlist.com/forums/graemlins/jumper.gif)
#14
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I was asked to do the same thing, basically sign a contract. I refused because I don't like to be tied up since the future is unknown. I am not looking for a profit so trading it in in at MSRP was fine by me (doubt I'll keep it more than 2 years, if that), so I have a hand shake agreement with the GM to that effect. We also agreed that I keep any extra profit beyond $100K over MSRP ![hiha](https://rennlist.com/forums/graemlins/roflmao.gif)
![hiha](https://rennlist.com/forums/graemlins/roflmao.gif)
![hiha](https://rennlist.com/forums/graemlins/roflmao.gif)
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#15
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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.