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posted by martyb on Monday January 10, @08:14PM   Printer-friendly
from the catch-me-if-you-can dept.

Ford dealers can ban F-150 Lightning customers from reselling trucks to discourage scalpers:

Ford is cracking down on anyone with mercenary intentions when it comes to buying an F-150 Lightning next year. In an effort to stop customers from quickly flipping their electric pickup truck for a hefty profit, Ford delivered a notice to dealerships issuing a new clause for soon-to-be owners. The note was posted on the F-150 Gen 14 forum on Friday. Should a dealer opt in, customers will be required to sign a "No-Sale" provision, banning them from reselling the truck within one year of ownership. The key here is, it's not required, Ford told Roadshow.

"Such a requirement is between a dealer and their customer," a spokesperson said. "It is up to the dealer to decide to use it and to consult with local laws in the state they operate should they choose to do so."

The clause reads, "Purchaser hereby agrees that it will not sell, offer to sell or otherwise transfer ownership interest in the Vehicle prior to the first anniversary of the date hereof. Purchaser further agrees that Seller may seek injunctive relief to prevent the transfer of title of the Vehicle or demand payment from Purchaser of all value received as consideration for the sale or transfer."


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  • (Score: 3, Interesting) by Anonymous Coward on Monday January 10, @10:39PM

    by Anonymous Coward on Monday January 10, @10:39PM (#1211628)

    It is known as "First Refusal". They (the dealer) takes a leen out on the truck. Then when sale is made, the dealer has the right buy it back.

    Very legal, used on property all time. At the time of sales, the dealer can buy it back. Price is normally fixed at the point of "First Refusal:, but can also be current market value. It someone wants to pay $10k over dealer price, then dealer under first refusal would have the right to buy it at that price. That also means the dealer is under pricing the truck.

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