FERRARI have sued a customer after they flipped one of their recently released models – in violation of a prior sales agreement.
A buyer of the new Ferrari Purosangue will likely be forced to cough up the profit he’s made on the sale after the famous marque banned him from selling it inside the first 18 months of ownership.
Ferrari have sued a customer after they flipped a recently bought Purosangue model in violation of a prior sales agreement[/caption]
A Houston-based dealership say the Ferrari owner was banned from selling the vehicle inside the first 18 months of ownership[/caption]
The ultra-exclusive Purosangue, which is the Italian brand’s first production four-door model, is currently their best-selling vehicle and is sold out until 2026.
The high-performance SUV – which is powered by a 6.5-liter V12 engine, capable of 725 bhp and can accelerate from 0 to 60 mph in just 3.3 seconds – has been likened to the Porsche Cayenne Turbo and the Lamborghini Urus.
In the US, the Purosangue’s starting price is an eye-watering $429,000, although Auto Evolution states it can go well above $900,000 for a top-of-the-range model.
Only 2,200 to 3,000 examples are being built a year, making it hot property on the used car market.
To combat this, Ferrari imposed a strict purchase clause, banning all customers from selling their Purosangue models inside the first 18 months of ownership.
But according to Club Alfa, gearhead Todd Carlson decided to ignore this restriction and sold off his recently purchased Purosangue – much to the fury of the Houston-based dealer where he bought it from.
Carlson was reportedly informed about the violation and has had a lawsuit filed against him for breach of contract at the Harris County District Court.
It states that the Opportunity Agreement that Carlson signed when he placed a deposit on his Purosangue indicates that Ferarri of Houston had first refusal on the car in the first 18 months after purchase.
To put it plainly, Carlson was not allowed to sell the Ferrari model, which he bought in June 2024, to anybody else except Ferrari until December 2025 – with dealership holding the right to repurchase it back at the original price.
By ignoring the contract stipulation, it seems he is now liable to pay Ferrari of Houston any profit he made on its sale.
This isn’t the first time a car brand has banned customers from flipping their newly released and exclusive vehicles.
In the past, the likes of Rolls-Royce and Ford have threatened not to immediately try to re-sell certain models in an attempt to protect the brand’s enthusiasts.
Tesla also made headlines last year after the release of the Cybertruck, with the Elon Musk-owned car maqrue threatening anyone who attempted to flip the electric pickup truck for a quick profit with a hefty fine.
According to the purchase contract, anyone caught trying to sell their Cybertruck without the sale first being approved by Tesla will have to pay a $50,000 fine, or the value received as consideration for the sale or transfer, whichever is greater.
Elsewhere, Ferrari recently launched their most powerful car ever – a hybrid hypercar that will serve as the long-awaited successor to the legendary LaFerrari.
The F80, described as a “beautiful spaceship” has been unveiled by the famous brand just weeks after McLaren revealed the W1, reigniting the two manufacturers’ long–running rivalry.
Named to celebrate Ferrari’s 80th anniversary, although slightly prematurely as they only celebrated their 75th in 2022, the F80 follows in the tire tracks of the F40 and F50 models for their respective milestones.
The Ferrari Purosangue is the Italian brand’s first production four-door model[/caption]
The high-performance SUV can cost as much as $900,000 from new[/caption]
