John Cena was one of the chosen to purchase the new Ford GT. No shock there…the supercar comes with a price tag that can get you a decent house and Ford, instead of selling them directly, instituted an application process. They wanted their new halo machine to go into the hands of people who would draw attention to the car, would drive the car, and would use it and not flip it to make a buck. Ford even went so far as to include a stipulation in the purchase contract that basically barred the initial buyer from selling the car for 24 months after purchase. Due to Cena’s celebrity status, social media reach, and automobile collection, he had been deemed worth to plonk down about $450,000 in order to get his car.
Directly from the lawsuit:
According to Cena’s side of the story, he flipped the GT (as well as other assets) to raise cash to pay off some expenses. Given his collection of upper-end muscle cars, we have to wonder what kind of expenses he was needing to cover if the GT had to be sold at well over book value to take care of the bills.
I didn’t know “flip” was a legal term.
Note to self: Actions have consequences
When I saw “Flipping” in the title…I thought he wrecked it already!
He replied to Ford,… “You can’t see me!”……..”flipping this car for a profit”.
Who is this guy anyway?
He should be sued for that video alone. What is this 1999???
‘Wonder if Judge Judy will rule Cena and Ford have entered into an enforceable contract with its stipulation.
Asshat. Hope Ford gets a few million plus lawyer fees of coarse.
Hell on my fixed income I couldn’t even afford to oil change let alone the Flippin insurance
There was a similar stipulation for those lucky enough to buy either a 2011 or 2012 GT500 through AAFES. These cars were special for AAFES because I believe they were signed by Carroll Shelby. I’m not sure but I believe there was a type of lottery just to be eligible to buy one and it was stipulated you could not sell it for a year.