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Hopefully some dealerships might learn something from this...

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Old 01-05-2019, 09:39 AM
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mtony
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Default Hopefully some dealerships might learn something from this...

http://www.thedrive.com/news/25733/a...ari-f430-buyer
Old 01-05-2019, 09:47 AM
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Gary JR
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The gist?
Old 01-05-2019, 10:01 AM
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ClassJ
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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.
Old 01-05-2019, 10:07 AM
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jkfuel
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That's crazy, there's no way this won't be stuck with appeal after appeal.
Old 01-05-2019, 10:16 AM
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ClassJ
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Originally Posted by jkfuel
That's crazy, there's no way this won't be stuck with appeal after appeal.
No way this will stick. Even if the dealer hid the exhaust issue I would imagine the limit of liability to be the repair and legal fees plus reasonable reimbursement. At most the total value of the car if it was a lost cause.

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?
Old 01-05-2019, 11:35 AM
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Nin Din Din
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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.
Old 01-05-2019, 12:51 PM
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Jack F
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Shame on dealerships with shady selling practices. Someone should be let go at the dealership to set a tone for the future.
Old 01-05-2019, 01:54 PM
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Top Jimmy
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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



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