Hopefully some dealerships might learn something from this...
#3
Rennlist Member
All things like this will lead to is dealers staying in their own swim lane. F430 exhaust manifold cracking is a well known issue in the Ferrari world. If things go really bad exhaust reversion can suck metal back into the cylinder. The buyer should have known to check for it and the seller was uneducated.
Something seems wrong here. So a PPI was done and paid for by the seller and the buyer never got the report?
Maybe I am over cautious but I get on a plane, go do the PPI with the person out there I entrust, and get a warm and fuzzy before I open the checkbook.
Something seems wrong here. So a PPI was done and paid for by the seller and the buyer never got the report?
Maybe I am over cautious but I get on a plane, go do the PPI with the person out there I entrust, and get a warm and fuzzy before I open the checkbook.
#5
Rennlist Member
Sounds like the car had somewhat “normal” Ferrari repair bills from what I have seen on friends F430’s.
Who buys a 10+ year old car and expects to put no money into it?
#6
An appeal will be filed and then settlement negotiations will take place during the appeal process. They’ll likely reach a settlement well north of the $90K purchase price, but well short of the $5M bonanza award.
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#8
Burning Brakes
I read in another article on this that the dealership was supposed to fix the exhaust issue that was found in the PPI and didn't. Also, being a known safety issue was the reason for the large punitive damages. Though I agree that gets knocked down on appeal.
-TJ
-TJ