F-150 Lariat 511A over Rivian

[stickyfingers]

After seeing my delivery estimate as "Processing" I got fed up and called my local Ford dealer who had ordered an F-150 Lariat for me. I told them back in August, when they called me, that I wasn't going to buy it but found out yesterday and it's still under my name and I have to formally tell them I don't want it so they can sell it to someone else. Based on the fact that Rivian is still processing my estimate, I doubt I'll get the R1T in my hands until 2024, I went into the Ford dealership and put my deposit down. I get my lightning between Nov 7th-13th (as per the Ford dealership system) but they told me it may be a few weeks later because it's happened a few times with other deliveries. Hoping to get delivery before end of year.

I decided to buy time and get into the F-150 Lariat 511A until my Rivian turn comes up and if I still desire it. 2024 is a long ways away. I still find the Rivian as the perfect size truck for me. I drive a Rigeline and the F-150 was always a little too big for my needs but things have changed ie I no longer need to park underground in Downtown Toronto and I do love the frunk way more than the Rivian - easier to get things in and out. Plus I store my tools in the Ridgeline in-bed truck so the frunk is a great spot for them.

Ford is doing something that I am not sure they are allowed to. I am paying cash. After taxes it's $126k CDN. Pricey indeed. I have to sign an agreement that I can't sell the vehicle for 6 months and 15,000km (not or). The vehicle will be in the dealership's name until I hit 15,000km (minimum 6 months and until I hit 15km), then I take the truck back to the dealership. They'll charge $199 for a safety (money making scam) and do a transfer and switch the ownership under my name. Effectively, I pay full price for the truck but it's not mine until I hit the threshold - basically a lien on the vehicle. Apparently, Ford Canada is penalizing the dealers if owners export the vehicle which is apparently happening with their desirable vehicles (F-150 Lightning, Mach-E and Bronco). So this is their way of getting the dealers to get owners to sign up.

Has anyone heard of this? and are there any gotcha's if anyone else that may have gone down this road?

Any advice welcomed.

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[emoore]

Yikes. I would never agree to that if I was paying cash for a car. Not sure how it works in Canada but what prevents the dealership from refusing to release the lean? At least with a financed car there is a contract.

 

[shrink]

Has anyone heard of this? and are there any gotcha's if anyone else that may have gone down this road?

Yes - Ford has been trying to implement a no-resale policy on the Lightnings.

https://www.autoblog.com/2022/06/22/ford-f150-lightning-markups-no-resale-policy/

Correction, it's the Ford dealers according to this article:

https://www.carscoops.com/2022/06/f...-150-lightning-owners-can-sell-within-a-year/

"We reached out to Ford directly, and here’s what they had to say about resale rules: “Dealers requested language from us last year about having the ability to have customers hold on to their vehicle for one year from purchase. It is up to dealers to work through local state laws should they decide to implement something between the dealer and the customer.”

What this means is that Ford dealers requested this policy, not Ford itself, and it makes it seem as though dealers really don’t want customers to have the chance to buy and flip their own trucks for a profit. In other words, they want to be sure that they don’t miss out on the biggest cut possible. At the same time, it’s also clear that some dealers aren’t requiring any such contract to be signed."

 

[jdubs]

no way would I agree to this. If you're paying cash, title should be in your name. They can be added to the title as a lienholder, same as when you finance a car but if you bought the car, title should be in your name. Otherwise they can say they never heard of you.

 

[stickyfingers]

There are documents that get signed. I can finance it as an open ended loan which I can pay as quickly as in the first month but that agreement is still in place. I went to another dealer and they want $15k as a security deposit which they will release after 6months.

The unfortunate part is that because the vehicle was ordered I cannot change my dealer choice to another dealer. I called Ford and because the order was placed (without my consent) the vehicle goes to the dealership. The only option I have is to buy it or tell them I don't want it and this way they can sell this to anyone (non-reservation holders) which they called unicorns because there is such high-demand, they can sell to the highest bidder. Again, I find this nonsensical.

If there wasn't a shortage on vehicles I would definitely say F'off to them but that's the problem here in Ontario/Canada. On avg Ford dealers are getting no more than 10 lightnings to sell.

To boot, the 2023 lightning won't come with a heated steering wheel, heater mirrors and the bed scale - I will miss the heated steering wheel in the cold winter months up here. This is due to the chip shortage and it isn't something they can add later on.

 

[DirtyJester]

A dealer just called me offering a “used” lightning with 4000kms on it. White lariat standard battery for 105k. Being used pst comes into play.
I said no thanks it’s got three strikes against it. White. Used. And small battery.

 

[stickyfingers]

I figured even after 15k km it’ll hold some of its value until 2024.

 

[Donald Stanfield]

It would be an awfully frosty day in hell before a company told me I couldn't sell a product that I bought with my own money. Not only that but they aren't even going to put it in your name once you've paid for it? That's a very bad idea.

It's your money, no one can tell you how to spend it. Except Ford apparently. I'd let them keep their truck personally but that's just me.

 

[BT6434]

This is coming from the same company that had a dealer tell me they and others are charging substantially over MSRP for pre-order holders. I’m not impressed at all by Ford and their handling of their Lightning launch. They even had the nerve to send me a survey asking what I would pay to jump the line from other pre-order customers (VIP status).

 

[Gamma rays]

After seeing my delivery estimate as "Processing" I got fed up and called my local Ford dealer who had ordered an F-150 Lariat for me. I told them back in August, when they called me, that I wasn't going to buy it but found out yesterday and it's still under my name and I have to formally tell them I don't want it so they can sell it to someone else. Based on the fact that Rivian is still processing my estimate, I doubt I'll get the R1T in my hands until 2024, I went into the Ford dealership and put my deposit down. I get my lightning between Nov 7th-13th (as per the Ford dealership system) but they told me it may be a few weeks later because it's happened a few times with other deliveries. Hoping to get delivery before end of year.

I decided to buy time and get into the F-150 Lariat 511A until my Rivian turn comes up and if I still desire it. 2024 is a long ways away. I still find the Rivian as the perfect size truck for me. I drive a Rigeline and the F-150 was always a little too big for my needs but things have changed ie I no longer need to park underground in Downtown Toronto and I do love the frunk way more than the Rivian - easier to get things in and out. Plus I store my tools in the Ridgeline in-bed truck so the frunk is a great spot for them.

Ford is doing something that I am not sure they are allowed to. I am paying cash. After taxes it's $126k CDN. Pricey indeed. I have to sign an agreement that I can't sell the vehicle for 6 months and 15,000km (not or). The vehicle will be in the dealership's name until I hit 15,000km (minimum 6 months and until I hit 15km), then I take the truck back to the dealership. They'll charge $199 for a safety (money making scam) and do a transfer and switch the ownership under my name. Effectively, I pay full price for the truck but it's not mine until I hit the threshold - basically a lien on the vehicle. Apparently, Ford Canada is penalizing the dealers if owners export the vehicle which is apparently happening with their desirable vehicles (F-150 Lightning, Mach-E and Bronco). So this is their way of getting the dealers to get owners to sign up.

Has anyone heard of this? and are there any gotcha's if anyone else that may have gone down this road?

Any advice welcomed.

You said the dealer can't sell the truck to anyone until you formally release it, right? If that is indeed the case, then just play a game of chicken and see who blinks first. Tell the dealer you won't release it and also won't buy it until they relent on the "no resale" requirement.

GR

 

[stickyfingers]

Once the truck is at the dealership they can refund my $100 preorder deposit and sell it to someone else. It’s only under my name until it officially arrives at the stealership. Oh and a $1000 deposit they took from me gets refunded as well.

I plan to keep the truck for at least 1 year and hoping to trade it in for the Rivian and/or sell it after market. But as you have all mentioned, it’s not cool what they are doing. And, ultimately it’s my decision which I’m struggling with atm.

 

[fhteagle]

Just a guess, but it really sounds like they are adding the no resale stipulation to try to get you to balk at taking it. That way they get another unit of inventory to Dutch auction to people with more dollars than sense.

The dealership model is stupid. The reservation system is stupid. The two together is stupidity squared. Ford and their legally mandated scalper group have pissed off a pile of people with how they've handled this product, myself included.

 

[Olsonsolar]

After seeing my delivery estimate as "Processing" I got fed up and called my local Ford dealer who had ordered an F-150 Lariat for me. I told them back in August, when they called me, that I wasn't going to buy it but found out yesterday and it's still under my name and I have to formally tell them I don't want it so they can sell it to someone else. Based on the fact that Rivian is still processing my estimate, I doubt I'll get the R1T in my hands until 2024, I went into the Ford dealership and put my deposit down. I get my lightning between Nov 7th-13th (as per the Ford dealership system) but they told me it may be a few weeks later because it's happened a few times with other deliveries. Hoping to get delivery before end of year.

I decided to buy time and get into the F-150 Lariat 511A until my Rivian turn comes up and if I still desire it. 2024 is a long ways away. I still find the Rivian as the perfect size truck for me. I drive a Rigeline and the F-150 was always a little too big for my needs but things have changed ie I no longer need to park underground in Downtown Toronto and I do love the frunk way more than the Rivian - easier to get things in and out. Plus I store my tools in the Ridgeline in-bed truck so the frunk is a great spot for them.

Ford is doing something that I am not sure they are allowed to. I am paying cash. After taxes it's $126k CDN. Pricey indeed. I have to sign an agreement that I can't sell the vehicle for 6 months and 15,000km (not or). The vehicle will be in the dealership's name until I hit 15,000km (minimum 6 months and until I hit 15km), then I take the truck back to the dealership. They'll charge $199 for a safety (money making scam) and do a transfer and switch the ownership under my name. Effectively, I pay full price for the truck but it's not mine until I hit the threshold - basically a lien on the vehicle. Apparently, Ford Canada is penalizing the dealers if owners export the vehicle which is apparently happening with their desirable vehicles (F-150 Lightning, Mach-E and Bronco). So this is their way of getting the dealers to get owners to sign up.

Has anyone heard of this? and are there any gotcha's if anyone else that may have gone down this road?

Any advice welcomed.

No way in He-l

 

[JoulesVerne]

I would look at the total cost of their shenanigans (include your time for dealing with their bs) as a percentage of the purchase.

Is it 5%? 10%?

Then compare that to a typical stealership markup. See where the deal lands. I paid a 10% markup on an Ioniq5 at the height of covid supply chain craziness for reference.

If you decide it's a markup you can live with, I would also get as far as you can into their purchase process without signing and then take the contracts to a lawyer for review. That may allow you to negotiate some of the terms. You can say "I really want to sign these and get my truck but my lawyer has requested a few minor changes."

If they refuse to modify the contract you can accuse them of negotiating in bad faith to free up the truck for auction, threaten to call the press, Ford, whoever.

 

[Count Orlok]

It sounds like you're simply buying the dealer's mannequin as the sales restrictions are similar to what dealers agree to for them.

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