Are people signing their No-Resale Policy?

[Stuff]

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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[PV2EV]

A $1.00 lien on the title would do it.

I don't think that statement entitles them to a lean, but maybe.

 

[Amps]

I don't think that statement entitles them to a lean, but maybe.

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.

 

[Mcalc55]

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.

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)

 

[YankeeCP]

A $1.00 lien on the title would do it.

Couldn’t you just simply pay the $1 to release the lien?

 

[RavenYZF-R6]

I can’t imagine a bank or CU wanting to finance a vehicle with another lien.

 

[FlasherZ]

My dealer didn't even hint at a clause.

 

[Vithar]

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.

 

[RickLightning]

The vast majority of dealers aren't doing this.

 

[tx_lightning]

My dealer wanted me to sign a first right of refusal. Which I don't have a problem with.

 

[Mcalc55]

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.

Makes me think they’re monitoring the lien status and not VIN activity (checking marketplaces etc)

 

[idahospud]

I took possession without being asked to sign a "no-sale" clause. I believe this is true for the majority of those on this forum.

 

[Theo1000]

Did not sign one either. This would be a nightmare to detect and enforce and for what... Best you do is get a car that you already counted as sold back and resell.

This is madness from the legal department that no dealer will want to mess with.

 

[Amps]

Couldn’t you just simply pay the $1 to release the lien?

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.

 

[Mcalc55]

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.

No chance I would let there be a lien on a vehicle I’m paying outright for. Makes no sense.

I agree. There’s not a ton of leverage here as the customer. I might be fine signing 3 or 6 months. I really get upset with them claiming the full value of the sale. Someone mentioned they would get the vehicle back on their lot if I flipped, don’t think that’s right. Imagine being the buyer and having the truck yanked out from under you. I think it’s more that ford would have to identify the sale taking place (either by monitoring FMC liens or some type of VIN monitoring) and then determine it was sold and presumably for profit (which I guess could be determined via subpoena but that’s a hassle). I speak from experience too that these guys have shady lawyers on retainer that just go to small claims court all day long to pick off customers. It’s BS

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