John Cena, the WWE star and actor, is facing a $500,000 lawsuit from Ford after selling his rare 2017 Ford GT supercar.
The sale of the car violated the terms of the agreement Cena had with Ford, leading to a legal action seeking a significant amount in damages.
John Cena is well-known for his impressive car collection, which includes various luxury vehicles such as the 2009 Chevy Corvette ZRI, the 1970 Plymouth Road Runner Superbird, and his infamous 'Corvette InCenaRator.'
However, it was his 2017 Ford GT that landed him in trouble.
Cena purchased the Ford GT upon its release, with reports stating that it was priced at over $450,000 at the time.
Ford only produces a limited number of these supercars each year, and they carefully select customers through an application process.
One of the conditions of owning a Ford GT is that buyers are not allowed to resell the vehicle for at least two years after purchase.
Unfortunately, Cena sold the car just a few months after acquiring it, thereby violating the sales agreement.
This act not only broke the contractual terms but also allegedly resulted in Cena making a substantial profit from the unauthorized resale.
The lawsuit claimed that Cena's resale of the vehicle caused additional harm to Ford, including loss of brand value, ambassador activities, and customer goodwill.
Ford wanted to make Cena take responsibility for what he did and face the consequences of his actions, which harmed the company.
Instead of going through a court trial, Ford and Cena reached a settlement agreement outside of the official judicial process.
While the exact amount of the settlement was not disclosed, it was agreed that Cena would make a monetary payment.
However, rather than going into Ford's pockets, the funds would be directed towards a charitable cause deemed worthy by both parties.
In his statement, he expressed his love for the Ford GT and encouraged other owners of the car to respect the terms of their contracts.
Cena was happy to have resolved the issue in a friendly manner and emphasized the positive result of a deserving charity benefiting from one of the most famous cars in the world.
With that contract in place, he was basically leasing it for two years. Sounds like he didn¿t have true ownership to begin with. Never sign a contract that forbids an early resell. Plus Ford is greedy, they spending more on making these cars than what they are getting back in return, one user explained.
He could have just waited for the 2yrs to be up, then legally sold the car, can't imagine he would lose anything. All his profits will be eaten up by the lawsuit, pointless, the second user commented.
He will have to pay. It is a common contract for car companies that are selling a rare car to make sure only people will by them that actually want them, and are not buying them for a high markup resale, the third user said.
It's his car he can sell it. Illegal terms in a contract mean nothing, another wrote.
