Mercedes-AMG Has Put The Brakes On Project One Speculators
Mercedes-AMG is imposing a minimum-term contract on buyers of the Project One hybrid hypercar in an effort to curb the undignified actions of speculators.
Speculators frequently sell build slots and freshly delivered cars for vast, unearned, profits, multiplying their wealth with every ultra-exclusive car they can place a deposit on quickly enough.
For example, a German car dealer outside the city of Bremen is advertising an Aston Martin Valkyrie build slot for €3.57 million (£3.18 million), at least £700,000 more than the original cost of the car – and possibly a lot more than that if the car was kept mostly standard.
Following in Ford’s controversial footsteps regarding its GT supercar, Mercedes will impose a contract upon buyers of its 1000bhp+ multi-motor hybrid, stipulating a minimum ownership period and specifically forbidding any kind of resale before that time has elapsed. Only 275 Project Ones are being built, with an engine derived directly from F1. The open market demand will be huge.
Ford’s contract has seen pro wrestler John Cena successfully pressured into paying damages, but another owner has seemingly been allowed to get away with it. Elsewhere, Porsche has already declared war on speculators. Perhaps we can look forward to a time when the profit-creamers are put out of business altogether.
Source: Motor Authority
Comments
staring at John Cena intensifies
John Cena rage incoming
Cue th-JOHN CENAAAAA
Did that stop People flipping the Ford GT? Nope
Will this?
Probably not
Wait what breaks have they put on it? Brembos?
Multi motor hybrid?
Multi motor = hybrid
Flippers shouldn’t be considered Car Enthusiasts because they dont look at cars like these with Hearts for Eyes, they look at them with Dollar Signs for eyes, and thats disrespectful to the the Company, im all in for Mercedes following what Ford is doing, sue these greedy f**kers to the ground.
Idk how this would work in the USA because we have the free market system.
Btw, what happens if someone is in debt/bankruptcy? Are they allowed to sell the Project One because that would be in breach of the contract.
I really do hate all this ‘cant sell the car until a certain time period has lapsed’ once someone has bought the car it’s there’s and can do whatever they want with it in my eyes.
Unpopular opinion I know but just how I see it.
How is that legal? If I buy a product, it’s my property and I can do with it whatever I want. Enjoy it, destroy it or sell it.