blwnsmoke Posted December 1, 2017 Share Posted December 1, 2017 (edited) So he decided to sell his GT for profit after a few weeks of ownership. Owners had to agree to keep the car for 24 months.https://www.yahoo.com/entertainment/john-cena-slapped-fraud-lawsuit-ford-020007507.html Edited December 1, 2017 by blwnsmoke 1 Quote Link to comment Share on other sites More sharing options...
silvrsvt Posted December 1, 2017 Share Posted December 1, 2017 What an idiot 3 Quote Link to comment Share on other sites More sharing options...
rmc523 Posted December 1, 2017 Share Posted December 1, 2017 (edited) They can give it to me! I'll make sure it's driven/shown to the public. Edited December 1, 2017 by rmc523 1 Quote Link to comment Share on other sites More sharing options...
tbone Posted December 1, 2017 Share Posted December 1, 2017 This will be interesting to see how this lawsuit turns out. Ford seems to be pretty serious about it. 1 Quote Link to comment Share on other sites More sharing options...
rmc523 Posted December 1, 2017 Share Posted December 1, 2017 This will be interesting to see how this lawsuit turns out. Ford seems to be pretty serious about it. Well, if he signed a contract to keep it for 24 months and didn't, why wouldn't they be? Quote Link to comment Share on other sites More sharing options...
robertlane Posted December 1, 2017 Share Posted December 1, 2017 I purchased what Ford calls a VIP plan and had to sign one of these as well. It's a simple agreement that you won't sell it OR if you decide to sell it, Ford gets the first right to purchase the vehicle back. 2 Quote Link to comment Share on other sites More sharing options...
jcartwright99 Posted December 1, 2017 Share Posted December 1, 2017 Allegedly, from what I've read he spends more than a C class celebrity makes so money is tight. I don't think he thought Ford would sue him and took the opportunity to flip it for cash.It's not like we are talking about Brad Pitt/Tom Cruise type wealth here. Quote Link to comment Share on other sites More sharing options...
jpd80 Posted December 1, 2017 Share Posted December 1, 2017 These cars are built and intended for true lovers of the Ford GT and ambassadors for Ford, Cena is now basically the equivalent of a scalper, I hope they tear him a new one. 1 Quote Link to comment Share on other sites More sharing options...
jasonj80 Posted December 1, 2017 Share Posted December 1, 2017 Ferrari and Lamborghini do something similar though with their history they have a bit more power without the contract. If you get one of their new models then imminently flip it the chances of you getting the next new model in the first few model years are zero. 1 Quote Link to comment Share on other sites More sharing options...
akirby Posted December 1, 2017 Share Posted December 1, 2017 Supposedly the local Ferrari dealer sells many of their vehicles as “used” vehicles so the Ferrari factory restrictions don’t apply. 2 Quote Link to comment Share on other sites More sharing options...
jpd80 Posted December 1, 2017 Share Posted December 1, 2017 (edited) Supposedly the local Ferrari dealer sells many of their vehicles as “used” vehicles so the Ferrari factory restrictions don’t apply. This is a common trick in Europe and rest of the world where VW and others like to registers low or zero kilometer demonstrators that are still actually new cars. Over there's it's a get around for certain taxes that apply only to new cars plus they are a pull ahead of new car registrations. Edited December 1, 2017 by jpd80 1 Quote Link to comment Share on other sites More sharing options...
ice-capades Posted December 2, 2017 Share Posted December 2, 2017 Steve Wynn had 2 exotic (Ferrari & ?) dealerships in Las Vegas at the Wynn and delivered a large number of vehicles. He owned a Ferrari (?) with an ownership agreement, drove it for a period of time and then flipped it for a profit. As a result, he lost the franchise and closed the dealership. Ford must enforce the contracts when it comes to anyone flipping Ford GT's for a profit prior to the two year ownership agreement. If they don't, anyone with a Ford GT will be able to sell their GT's without penalty. 2 Quote Link to comment Share on other sites More sharing options...
92merc Posted June 20, 2018 Share Posted June 20, 2018 Cena lawsuit was settled. Looks like Ford "won" the contract dispute part. To save face for both entities, money is to be donated to charity. So I guess it was a good settlement. https://jalopnik.com/john-cena-settles-lawsuit-with-ford-over-selling-his-fo-1826933093?utm_campaign=yahoo-feed Quote Link to comment Share on other sites More sharing options...
akirby Posted June 20, 2018 Share Posted June 20, 2018 Amazing at all the comments saying Ford was wrong and you should be allowed to do whatever you want with the vehicle. A - he signed the contract knowing that provision was there. More importantly.... B - You don't have the right to buy this or any other Ford vehicle. You can walk into a dealership with cash and say I want that car over there but they don't have to sell it to you. Therefore requiring you to sign a contract to purchase a vehicle with whatever terms Ford or the dealer wants to impose is completely legit. If you don't like the terms don't buy it. 2 Quote Link to comment Share on other sites More sharing options...
jpd80 Posted June 21, 2018 Share Posted June 21, 2018 Cena signed an agreement, he knew the conditions imposed but tried to flip it anyway. Ford's selection criterion may need review so that the right people get these cars. 1 Quote Link to comment Share on other sites More sharing options...
blwnsmoke Posted June 26, 2018 Author Share Posted June 26, 2018 "Update 6/25/2018: According to Jalopnik, Ford has also settled with New Autos Inc., the dealership that came into possession of John Cena's GT and resold it to a new buyer. The settlement closed for an undisclosed amount on June 21st, 2018-just one day after Ford's settlement with Cena officially closed." https://www.yahoo.com/news/cena-settles-contract-breaking-gt-130500908.html Quote Link to comment Share on other sites More sharing options...
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