Scalping prohibited: Ford F-150 Lightning buyers may not be allowed to sell their electric truck in the first year of ownership
The Ford F-150 Lightning electric pickup truck is a hot commodity, even before to its official release in the next few months. In order to prevent scalpers from buying and then reselling the highly anticipated EV at inflated prices, the Michigan-based automaker now recommends that dealers include a no-sale provision in their sales agreements for the Ford F-150 Lightning.
In an internal bulletin which today has been leaked in an F-150 fan forum, the automaker provides dealers with the specific language which is supposed to prevent the re-sale of 2022 Ford F-150 Lightning units within the first year of ownership. In this provision, buyers are asked to agree that they "will not sell, offer to sell, or otherwise transfer any ownership interest in the Vehicle prior to the first anniversary of the date herof." It further mentions that the "seller may seek injunctive relief to prevent the transfer of title of the Vehicle or demand payment from Purchaser of all value received as consideration for the sale of transfer."
While this provision should deter scalpers who have put in a reservation for the F-150 Lightning with the intention of immediately flipping the electric truck for a profit, the note also includes a warning towards dealers who take advantage of honest customers. We just recently reported on the insanely high US$30,000 markup and additional US$5,000 deposit that one specific Ford dealer in Virginia demanded from F-150 Lightning reservation holders, and Ford has now clarified that such behavior is not allowable under the service agreement that dealerships have signed. Ford apparently reserves the right to redirect the F-150 Lightning allocation of dealerships who engage in such deceptive business practices.