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Sooooo close. Porsche NA sells these cars "FOB Shipping". So your dealer owns the car as of today. He's gonna want to sell it and turn his inventory into cash asap. Hang in there!
Sooooo close. Porsche NA sells these cars "FOB Shipping". So your dealer owns the car as of today. He's gonna want to sell it and turn his inventory into cash asap. Hang in there!
FOB shipping point merely means that the recipient bears the risk of loss during transit.
FOB shipping point merely means that the recipient bears the risk of loss during transit.
You are of course correct, but the term is commonly (and technically inaccurately) used to indicate passing title (are we both CPAs??!!). Anyway, because of the way that I did my last transaction with my dealer, I know that title does pass when cars are shipped from the port.