Stuff
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The dealership I bought from didn't request I sign one... I don't think I've heard of anyone actually having to sign one yet...
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I don't think that statement entitles them to a lean, but maybe.A $1.00 lien on the title would do it.
The dollar you owe them entitles them to the lien. At the end of the year, the Seller tells the DMV the lien is satisfied and you receive the title in the mail. Extreme example, but a simple legal answer to the original question.I don't think that statement entitles them to a lean, but maybe.
So the lien would likely be the mechanism they monitor the status versus monitoring VIN numbers online. What about financing through a third party, that mean would be through someone else too and not ford (who would be able to monitor)The dollar you owe them entitles them to the lien. At the end of the year, the Seller tells the DMV the lien is satisfied and you receive the title in the mail. Extreme example, but a simple legal answer to the original question.
Couldn’t you just simply pay the $1 to release the lien?A $1.00 lien on the title would do it.
Makes me think they’re monitoring the lien status and not VIN activity (checking marketplaces etc)My dealer told me that the language was only for people using ford finance. They said they would appreciate if I didn't turning around and sell the truck right away, but wouldn't put anything on paper about it since I wasn't using ford finance.
You can't give the dollar to the DMV. It wouldn't work if you agreed to the lien for a year in return for specific performance of the no sale clause. As I said, it is one answer to the people questioning how a dealer could enforce a no sale provision in a sales contract.Couldn’t you just simply pay the $1 to release the lien?
No chance I would let there be a lien on a vehicle I’m paying outright for. Makes no sense.You can't give the dollar to the DMV. It wouldn't work if you agreed to the lien for a year in return for specific performance of the no sale clause. As I said, it is one answer to the people questioning how a dealer could enforce a no sale provision in a sales contract.
The dealer would love to have 'your order' in stock for a retail sale. They'd love for you to walk off the lot. Ford frowns on unreasonable ADMs on customer orders to the point that they have threatened allocations for ADMs high enough to tarnish the brand image. The dealer holds final pricing authority. The no sale clause was suggested and supported by Ford to try to stop flips. As others have stated, giving the dealer the right of first refusal for a sale occurring in less than a year seems to be a reasonable meeting point if you can negotiate it.