F430 US versus Europe

Artief · 02-11-2012, 05:07 AM

Hi all. I live in Northern California and own a F430 '08 spider. I've been told that there is a difference in ownership between the US and Europe when it comes to Ferrari. I'm not sure if the guy was referring to just leasing or not but I was curious if anyone knew the facts about this. Seems that in Europe Ferrari can dictate ownership while here in the States they are not allowed such a privilege. Has anyone else heard of this?

champagne612 · 02-11-2012, 06:03 AM

Quote:

Originally Posted by Artief

Hi all. I live in Northern California and own a F430 '08 spider. I've been told that there is a difference in ownership between the US and Europe when it comes to Ferrari. I'm not sure if the guy was referring to just leasing or not but I was curious if anyone knew the facts about this. Seems that in Europe Ferrari can dictate ownership while here in the States they are not allowed such a privilege. Has anyone else heard of this?

Maybe in the good ole days - right now they just want to sell cars.

Production has doubled - orders needs to reflect that added cost.

Artief · 02-11-2012, 06:12 AM

Hey Doug, let me clarify what I meant by ownership. I meant not who can buy the the car but who ultimately "owns" the car.

champagne612 · 02-11-2012, 06:28 AM

Quote:

Originally Posted by Artief

Hey Doug, let me clarify what I meant by ownership. I meant not who can buy the the car but who ultimately "owns" the car.

Never heard that bit - I do know when the dealer was going to sell me a GTO they kept ownership rights under the guise of first right of refusal.

If I ever sold the car the dealer kept a right to buy it back at the price I purchased it for or market value.

fromage · 02-11-2012, 07:47 AM

contract to sell ...the selling party should not be able attach a sale as a condition... there is a difference if a buy back agreement is negotiated apart from the sale, which becomes a separate contract

Boxer · 02-11-2012, 08:45 AM

Quote:

Originally Posted by Artief

Hey Doug, let me clarify what I meant by ownership. I meant not who can buy the the car but who ultimately "owns" the car.

Never heard of it.

tazandjan · 02-11-2012, 09:05 AM

Old wive's tale.

Boxer · 02-11-2012, 09:15 AM

Quote:

Originally Posted by tazandjan

Old wive's tale.

I think it started with the F50. Originally you were not allowed to buy it outright, it was a two year "lease" at the end of which you then owned the car. It was done to put of speculators.

tazandjan · 02-11-2012, 09:51 AM

Boxer- Affirmative and there were deals on low production cars where you signed an agreement not to sell the car for one year. But both of those were the same for US and European owners.

Artief · 02-11-2012, 11:59 AM

Thanks for the feedback. Didn't sound plausible but was told this is how Ferrari controlled the market.

JazzyO · 02-11-2012, 01:55 PM

Quote:

Originally Posted by Artief

Didn't sound plausible but was told this is how Ferrari controlled the market.

I'm pretty sure that would be illegal. You can't sell a car without handing over ownership.

Onno

02-11-2012, 05:07 AM	#1
Artief Owner Join Date: Nov 2011 Location: No. California Ferrari Life Posts: 16 Name: Artie	US versus Europe Hi all. I live in Northern California and own a F430 '08 spider. I've been told that there is a difference in ownership between the US and Europe when it comes to Ferrari. I'm not sure if the guy was referring to just leasing or not but I was curious if anyone knew the facts about this. Seems that in Europe Ferrari can dictate ownership while here in the States they are not allowed such a privilege. Has anyone else heard of this?

02-11-2012, 09:05 AM	#7
tazandjan Owner Elite Member Join Date: Aug 2011 Location: Albuquerque, NM Ferrari Life Posts: 3,603 Name: Terry H Phillips	Old wive's tale. Taz Terry Phillips Present: 575M 135171 Past: Dino 246 GT 02984, 365 GTB/4 14009, 308 GTS 25125 Every day I look around, and if nobody is shooting at me, it is a pretty good day.

02-11-2012, 09:51 AM	#9
tazandjan Owner Elite Member Join Date: Aug 2011 Location: Albuquerque, NM Ferrari Life Posts: 3,603 Name: Terry H Phillips	Boxer- Affirmative and there were deals on low production cars where you signed an agreement not to sell the car for one year. But both of those were the same for US and European owners. Taz Terry Phillips Present: 575M 135171 Past: Dino 246 GT 02984, 365 GTB/4 14009, 308 GTS 25125 Every day I look around, and if nobody is shooting at me, it is a pretty good day.

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02-11-2012, 06:12 AM	#3
Artief Owner Join Date: Nov 2011 Location: No. California Ferrari Life Posts: 16 Name: Artie	Hey Doug, let me clarify what I meant by ownership. I meant not who can buy the the car but who ultimately "owns" the car.

02-11-2012, 07:47 AM	#5
fromage Owner Join Date: Oct 2011 Ferrari Life Posts: 56	contract to sell ...the selling party should not be able attach a sale as a condition... there is a difference if a buy back agreement is negotiated apart from the sale, which becomes a separate contract

02-11-2012, 11:59 AM	#10
Artief Owner Join Date: Nov 2011 Location: No. California Ferrari Life Posts: 16 Name: Artie	Thanks for the feedback. Didn't sound plausible but was told this is how Ferrari controlled the market.