We Can’t Let John Deere Destroy the Very Idea of Ownership

Incorrect:

Customer recognizes that the 430 is a limited-edition, high-performance vehicle and that it is the goal of both Ferrari and the Dealer to offer and sell such vehicles principally to Ferrari enthusiasts who are purchasing the vehicles for their own use, who intend to use the 430 and not for purposes of resale or price speculation. Customer further recognizes that, in the past, Ferrari vehicles like the 430, have frequently appreciated in value, such that used and "almost new" vehicles can be sold at prices substantially in excess of the original Manufacturer's Suggested Retail Price. While there is no guarantee that the 430 will enjoy similar customer acceptance, and while Ferrari and the Dealer recognize Customer's ultimate right to enjoy any appreciation that may occur with respect to his/her vehicle, Customer acknowledges that Ferrari and Dealer have a legitimate interest in minimizing speculation in the 430, at least and the time of, and within reasonable time after, introduction of the vehicle. Customer, in particular, acknowledges that, in the past, excessive speculation in certain Ferrari vehicles has resulted in customer ill-will and can, under certain circumstances, expose Ferrari and/or Dealer to liabilities over which neither has control or recourse.

In order to address the foregoing concerns. Customer hereby grants to Dealer, as a material consideration for the opportunity to purchase a 430, an option to repurchase the 430 at its market value (but in no event more than the original Manufacturer's Suggested Retail Price) at any time within two (2) years of the date of delivery of his/her 430, provided Customer decides to sell, lease or otherwise transfer possession the vehicle to a third-party during that period (the "Right of First Refusal"). Customer agrees to abide by this provision, and understands that, notwithstanding any other terms thereof, it constitutes an integrated and material part of the retail contract between Customer and Dealer.

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