First Right of Refusal
#1
First Right of Refusal
Some dealers in Canada are making 992 buyers sign a document stating that if they sell the car within 2 years, they must give the dealer first right of refusal to beat any offer that they receive. Are you guys seeing this in the US also?
Last edited by Onami; 11-09-2021 at 10:01 AM.
#3
Ferrari dealers have done this for a long time. Given the demand for 911s, it’s not a surprise that you’d start to see this pop up with Porsche dealers.
A dealer can demand such things, but you can always say no. It’s by no means a standard practice in Porsche land.
A dealer can demand such things, but you can always say no. It’s by no means a standard practice in Porsche land.
#9
Same thing when you buy a G Wagon ...another ploy is they won't actually sell you the car but only lease it to you for the first two years and then the option to buy there after so you can't resell it at a higher price ..
#10
#11
That's the easy way around it. This is really unenforceable. Though personally I would tell them no, and report them to Porsche if they attempted to take away my order over a contract detail like that. Then again I'm not intending to sell within the time limit, so it really would be a non-issue. 2 years isn't long.
#13
If the ROFR is drafted correctly, that would not work. If you don't make the sale that they failed to match, the whole thing kicks back in place for the next potential sale. Again, if it is drafted correctly.
Last edited by Drew46; 11-09-2021 at 12:29 PM.
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#14
Last edited by malba2366; 11-09-2021 at 04:34 PM.