Just inside the statute of limitations, James was served with a lawsuit claiming fraud, misrepresentation, and breach of warranty Here’s another true story. We’ve given the subjects fake names, but the story is otherwise accurate. Let’s call our dealer this month James. He had been doing quite well selling collector […]
Author: John Draneas
John practices law in the Portland, OR, suburb of Lake Oswego, where he focuses on tax and estate planning, business organizations and transactions, and representation of collector-car owners. He is a past president of the Oregon region of the Porsche Club of America and served as the chairman of the PCA’s 2006 parade. His collection includes two Porsches, a Ferrari, an Alfa, a Lotus, a BMW daily driver, a John Deere tractor — and one increasingly famous Jaguar E-type. This month’s “You Write, We Read” on p. 20 is full of SCMer advice on whether Draneas should restore his Jag.
When Title Tricks Won’t Wash
California extradited the Titles Unlimited president from Alabama. He was convicted and spent a year in jail Say you hit the proverbial collector car lottery and find a 1957 Porsche Speedster that has been sitting in a barn for 40 years. The only problem is that the farmer lost the […]
“Fun Run” Anything But
The owner’s friend wrecked his car, but the owner’s policy pays the claim, his premiums go up, and possibly his policy gets cancelled {vsig}2008-3_2149{/vsig} Ever borrow a friend’s valuable car and worry that something bad might happen? Here’s a case where it did. As usual after the completion of the […]
Carrera GT Crash Hits a Nerve
The ink wasn’t even dry when the email inboxes, telephone lines, mailbox, and other forms of communication got red hot The “Legal Files” column in the December 2007 issue of SCM, which discussed the $4.5m settlement of the Carrera GT fatal crash lawsuit, hit a nerve within the SCM community. […]
Faith in System Restored (and also a Car)
An expert examined the Jaguar and concluded much work was substandard, and the owner had been overcharged by at least $17,000 An SCM subscriber, whom we’ll call Bill, has been a car guy for a long time and has owned a Ferrari Daytona, a 289 Cobra, and a 1960 Jaguar […]
Carrera GT Crash Settled for $4.5 Million
The attorney points out that the typical SCM subscriber, a car enthusiast who holds fast cars and racetracks dear, will never make it onto this jury {vsig}2007-12_2108{/vsig} Last summer, “Legal Files” reported about a lawsuit resulting from the fatal crash of a Porsche Carrera GT at a club track day […]
Where’s the Video, Dietrich?
Enzo case takes another bizarre twist, and Porsche enlists industry allies to make what could be bitter lemonade This month we revisit two old friends-one the Pacific Coast Highway Enzo crash, and the second the Porsche Lemon Law special. Last summer’s big car story was the Ferrari Enzo crash in […]
Sell Now or Leave the Ferrari to the Kids?
The IRS can’t tax you after you’re gone, so they tax you on the way out Last month, Publisher Martin made some insightful observations about the current state of the collector car market and how collectors should act in (September, “Time to Buy, Sell or Hold?” p. 10). I won’t […]
Porsche Lemon Nets Owner $266k-and the 911
The service advisor explained that the computer did not find any error codes, so there couldn’t be anything wrong Wisconsin attorney Bruce Tammi was a car guy from when he was a kid. His all-time favorites were Porsches, and he owned two of them-a 1978 911 Turbo and a 1999 […]
China Rally to Nowhere
The participants arrive at the hotel in Hong Kong and express their displeasure. The organizer breaks down in tears and runs off. Now what? {vsig}2007-8_2042{/vsig} If you’ve owned collector cars for long, you’ll agree that one of the biggest challenges is finding opportunities to use them. You can drive your […]