by "2Fast2Furious: Rotary Powered" (2fast2furiousfc3s)
Published 09/18/2017 at 21:43
by "2Fast2Furious: Rotary Powered" (2fast2furiousfc3s)
Published 09/18/2017 at 21:43
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STARS: 3
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This man had gotten everyone at Porsche pissed when he managed to get 15 allocations on the then new GT3 RS.
15.
This man didn’t just break the system, he killed it and fed off the carcass.
Not that he got that many cars, he got 2 and a bunch of dealers broke law abiding contracts that made it his car just so that they could please a not so happy daddy Porsche. I wonder why he never took legal action
"Chariotoflove" (chariotoflove)
09/18/2017 at 22:06, STARS: 3
Because he would have had to spend a lot more on lawyers against Porsche’s legal retainers than he would have made from the contracts. He may make a tidy personal income, but he doesn’t have deep corporate pockets for that kind of thing.
"2Fast2Furious: Rotary Powered" (2fast2furiousfc3s)
09/18/2017 at 22:15, STARS: 0
Still at the time you were almost garenteeded a 40k+ profit just for securing the allocation. If he even spent 20k in lawyers per car he would have still made 300k
"Chariotoflove" (chariotoflove)
09/18/2017 at 22:21, STARS: 3
Yeah, but Porsche had much more than that to spend, and he had no guarantee he would win. Also, the dealers on whose good business relationships he depends would not be happy to get dragged into it. Sometimes strategic retreat is the best option.
"2Fast2Furious: Rotary Powered" (2fast2furiousfc3s)
09/18/2017 at 22:29, STARS: 1
I agree, although I would have really liked to have seen him received all of his cars rather than Porsche and these dealers go totally against the legal process, even if the owner was a flipper that shouldn’t change any reason why he didn’t on those cars.
"Chariotoflove" (chariotoflove)
09/18/2017 at 22:37, STARS: 1
Oh, I agree. I wish he had won against the corporate assholes. I hate it when companies use their weight to manipulate justice.
"gmporschenut also a fan of hondas" (gmporschenut)
09/18/2017 at 23:12, STARS: 0
Lehto should know but I think it is because he isn’t a registered dealer.
There are grey areas such as if he is flipping he has to register in each state as an auto dealer. Some states it is as low as 5 to as much as 20 sales a year.
The fact hes transporting them across state lines makes it even more sketchy. to take possesion of all and imediatly sell them he would be violating the law if he isn’t registered. That is shaky ground for a lawsuit, acknowledging you plan on breaking the law.
Or he force them to sell them all 15 and he holds on to them for months. That is a shitload of cash to put front.
"My bird IS the word" (mybirdistheword)
09/19/2017 at 00:39, STARS: 0
Yeah, my thoughts exactly. Limited editions piss me off when they underprice them this much. Instead of having middlement flip allocations, make more than 400 cars. people clearly want them, enough to pay a ridiculous amount. sure they wouldn’t be as “special” but when you make a new special edition every 3-5 years they sure as hell aren’t.
"haveacarortwoorthree2" (haveacarortwoorthree2)
09/19/2017 at 08:13, STARS: 1
Do you know how fast you’d blow through $20k in a lawsuit against Porsche? That’s one week (40 hours) of lawyer time @ $500/hour. It’s hard to find a decent lawyer for much less than that in a bigger city, and there’s probably not enough money to make it worthwhile to a big-time contingency lawyer.
"2Fast2Furious: Rotary Powered" (2fast2furiousfc3s)
09/19/2017 at 08:36, STARS: 0
The money isn’t even my gripe. I understand a lawsuit wouldn’t be financially sane, still doesn’t stop the fact that Porsche stripped a customer of several cars that were written in contracts that obligated several dealerships to sell him the car. Porsche knowingly sent it’s dealership network to break the law because they could and knew he wouldn’t retaliate. This was also much before Porsche started to insert clauses against flippers
"TheRealBicycleBuck" (therealbicyclebuck)
09/19/2017 at 09:42, STARS: 0
And that’s the key - the contracts were with the dealers, not with Porsche. His legal recourse would have been to sue the dealers, the people he depends on to source his cars in the first place. It doesn’t make good business sense to bite the hand that feeds you.
"2Fast2Furious: Rotary Powered" (2fast2furiousfc3s)
09/19/2017 at 09:54, STARS: 0
Just because Porsche could bribe it’s dealer Network in denying him a car doesn’t mean that it’s not morally wrong. The dealers sold the cars they were offered. the fact that porsche was going to deny them inventory based on who they sold the car too is straight up bribery, but alas the dealers are the ones who suffers if they sold it or if they had to fight in court. It’s not like porsche was directly involved except the bribing and if needed send high paying lawyers
"TheRealBicycleBuck" (therealbicyclebuck)
09/19/2017 at 10:17, STARS: 0
There’s a big difference between morally and legally wrong and I’m not even sure that I agree that what Porsche did was morally wrong.
Porsche is trying to keep the prices reasonable so that enthusiasts can afford to buy the cars and the cars will be driven. Flippers are buying the cars with the intent to make money on the sale by selling them to collectors. Who is in the right here?
Dealers breaking the contracts was illegal. They had an obligation per the contract and by breaking the contract, there should be repercussions. Porsche being heavy-handed and threatening their dealers might have been illegal. I’m not sure since I don’t know anything about their dealer contracts. They may have also run afoul of anti-trust laws, but I don’t know that for sure either.
If Porsche really wants to put their cars in the hands of enthusiasts, their only recourse is to build more cars and lower their prices. There’s a reason that exclusive cars are expensive. Flood the market and that problem disappears.
"2Fast2Furious: Rotary Powered" (2fast2furiousfc3s)
09/19/2017 at 10:49, STARS: 0
It really had nothing to do with enthusiasts on Porsches side, either it was because the cars were located in locations that weren’t gt3 markets and he was buying then and selling them to LA and NY where they would sell, Porsche was more mad at the flipping part rather than who’s hands it gets it because at the end of the day, Porsche wants to make that money he it, they are a business after all. The reason I think it’s morally wrong on porsches part is that they denied these dealers from accepting what was probably at the time the only offer for such an expensive car in those locations. And it’s wrong to deny a consumer a product he had legal rights to