Defining the Pre-Purchase Inspection

Last month’s column detailed a threatened $182,000 lawsuit against a Ferrari shop because of decades-old damage to a 37-year-old car, which was discovered but not mentioned to the would-be buyer during a $300 pre-purchase inspection.
The many lawyers I spoke with all declared that any claim against the shop would focus on whether there was an industry standard on what should or should not be included in a pre-purchase inspection (PPI), and whether the shop met such a standard.

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Michael Sheehan

SCM Contributor

Michael is a Ferrari historian and broker with over three decades in the business. He operated a 30-man Ferrari crash repair and restoration shop for over two decades. He has a passion for racing and has competed in the Mazda Pro Series, Trans-Am, IMSA GTO, and IMSA Camel Lite, and has three drives in the 24 Hours of Daytona and 12 Hours of Sebring. His regular column, “Sheehan Speaks,” has been a part of SCM since 1993, and this month, on p. 38, he takes us to a Brunei prince’s compound that holds hundreds of decaying, melting exotic sports cars.

Posted in Sheehan Speaks

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