OT: Nissan considering voiding warranty on second-owner GT-Rs
08-24-2007, 05:55 PM
#1
Burning Brakes
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OT: Nissan considering voiding warranty on second-owner GT-Rs
Sorry, I know this is off topic but with so many threads on GT2/3/RS going for over MSRP. I thought this is an interesting approach by a manufacturer
Your thoughts?
http://www.leftlanenews.com/nissan-c...ner-gt-rs.html
Your thoughts?http://www.leftlanenews.com/nissan-c...ner-gt-rs.html
"Nissan is considering voiding the warranty on its upcoming GT-R if the car exchanges hands during the first year it is on the road. There is already a long waiting list for the super-coupe, including many people who intend to sell the car as soon as they take delivery, making a premium over the sticker price. Nissan is considering the move in order to prevent, or at least limit, this from happening.
"That's the route we're looking at," said Scott Vazin, Nissan's director of product public relations. "A warranty decision will be made before the Tokyo auto show." The GT-R is expected to be priced near $70,000 when it hits dealer showrooms."
"That's the route we're looking at," said Scott Vazin, Nissan's director of product public relations. "A warranty decision will be made before the Tokyo auto show." The GT-R is expected to be priced near $70,000 when it hits dealer showrooms."
08-24-2007, 06:37 PM
#2
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Interesting, though there must be a way to keep the warranty intact for bona fide, non speculator, 1st year transactions.
Perhaps minimum mileage requirements, or some showing of sale for cause (change of financial position). . . but these are probably too hard to legislate.
Perhaps minimum mileage requirements, or some showing of sale for cause (change of financial position). . . but these are probably too hard to legislate.
08-24-2007, 07:03 PM
#3
Doesn't sound legal to me (after all, you're being charged for the full warranty when you buy the car), but I'm no lawyer.
08-24-2007, 07:08 PM
#4
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It would be much more simple to make buyer sign a legally binding contract that if they sell the vehicle without legitimate cause within the first 12 months, they agree to pay a stiff fine or something.
08-24-2007, 07:52 PM
#5
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i thought i remembered hearing that audi was planning a deterant as well for the upcoming r8.
something to the affect of them having first right of refusal on the car if you are going to sell it.
not sure how they would be able to cap price though so i would think the seller could just ask for a ton just to have audi refuse to rebuy.
i never could really see how they could make this work.
something to the affect of them having first right of refusal on the car if you are going to sell it.
not sure how they would be able to cap price though so i would think the seller could just ask for a ton just to have audi refuse to rebuy.
i never could really see how they could make this work.
08-24-2007, 09:13 PM
#6
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This doesn't prevent dealerships from flipping cars though. They still can take a car, drive it as a "demo" and then sell it over sticker or do dealer trades. Cars won't be titled so they should be exempt from warranty issues
08-24-2007, 09:41 PM
#7
Burning Brakes
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A seller can't control or restrict the disposition of an item after the sale. One way around this would be a lease only deal where the seller maintains an ownership interest. I think this is what Ferrari does on some models.
btw, I think there are some exceptions to this rule involving art...
btw, I think there are some exceptions to this rule involving art...
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08-24-2007, 10:19 PM
#8
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I can't believe that Nissan won't just build enough cars that flipping them is not profitable - seems like everybody wins that way (except long-term re-sellers, I guess)
08-25-2007, 02:58 PM
#9
Burning Brakes
Thread Starter
Come to think of it, I do recall signing some contract when I bought my house that I cannot resell it within 1 year. But I don't know what can the builder do if I do... So I think Nissan can make it legal somehow.
So this will reduce the flippings and like above said, reduce warranty costs for Nissan. And if Nissan can somehow do a fixed price system like they do on Saturn & Scion. It's a win win situation
Of course, the only party that loose is the dealer 
So this will reduce the flippings and like above said, reduce warranty costs for Nissan. And if Nissan can somehow do a fixed price system like they do on Saturn & Scion. It's a win win situation
Of course, the only party that loose is the dealer
08-25-2007, 04:58 PM
#10
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Ferrari has been known to make buyers sign a right of first refusal if the car is sold w/i *two years*. Attached is a copy of it.
The reality though, is that if you sell your car in breach of the contract, Ferrari (here, Nissan) isn't going to do schit, and they cannot reposses or otherwise undue the sale. You will be focked next time you try to buy a Ferrari. Those Eyetalians are not gonna fughettaboutit.
The reality though, is that if you sell your car in breach of the contract, Ferrari (here, Nissan) isn't going to do schit, and they cannot reposses or otherwise undue the sale. You will be focked next time you try to buy a Ferrari. Those Eyetalians are not gonna fughettaboutit.
08-25-2007, 10:22 PM
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It's what Ferrari did with the F50 to prevent the kind of speculation that surrounded the F40. F40 prices initially ballooned and then stabilized after a few years, while F50 prices have tottered around the same level since they all came off lease.
08-26-2007, 11:03 AM
#15
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haha, to really prevent speculation, they ought to write into contract, if you dont put 50k miles on the car in year one, they will take the car back and you lose all your money.