I know that title sounds interesting and a bit confusing at the same time, so let me get the details and facts out there first.
The Ford GT is not a car which anyone can buy. Ford hand-selected their customers through a strict screening process in an effort to stop people from flipping them for big profits.
Owners even had to sign a contract that they would own their Ford GTs for at least two years before selling them. John Cena, the once WWE superstar, apparently sold his brand-new GT for a major profit, and this put him on the receiving end of a lawsuit from Ford themselves.
Those are the cold hard facts which no one can deny, but the reality is not as black and white as it appears. From a legal standpoint Cena shouldn’t have sold his Ford GT because he is obliged by a contract not to do so, but should the contract have existed in the first place?
What happens if a Ford GT owner does not like the car and decides he isn’t happy driving it? Why should he keep it for two years if he’s not going to use it?. After all, Ford didn’t give out test drives to anyone prior to the purchase. It was a sight-unseen purchase for all Ford GT owners, i.e. all of them had to hope that the new car will turn out as great as Ford promised it would be.
There’s also the fact that anyone no matter how rich, can get into debt or need immediate funds for whatever reason. Morally, is it okay for Ford to be asking someone not to sell their Ford GT if they cannot afford to own and maintain it any longer? I guess you wouldn’t even contemplate owning a GT if that’s the case in the first place, but this is real life, you never know what’s going to come your way.
Ferrari does a similar thing with their flagship models as well. They limit the number of people who can own them and they hand-pick their customers, thus keeping the value of their cars at a constant maximum. The only difference is that Ferrari won’t sell you any more cars if they find out you’ve been flipping them, rather than sending you a lawsuit.
In the end, I guess it’s a simple case really. John Cena wanted the Ford GT and he knew the obligations involved. He signed the contract knowing he wouldn’t be able to sell it. The Ford GT officially sells for circa $400,000, and John Cena reportedly sold his for almost double that. In such a case, you have to ask yourself if his move was planned out after all?
Sure he may have to pay out Ford a certain amount of money, but unless that sum is anywhere close to $400,000, he’s still in the lead. We’ll keep you updated on the situation as it progresses.