Perils of Buying a Hypercar Build-Slot
Acquiring a Hypercar Build-Slot isn’t as easy as you may think. First, you need to find a genuine Seller; someone who’s prepared to sell-on his/her build-slot allocation and risk losing VIP Status with the manufacturer, or even worse, losing the car and deposit.
Then there’s the way it sold to the new buyer: is it legal? Does it breach the Manufacturer's terms and conditions.
Buying someone else's Build-Slot cannot be done through the manufacturer's Authorised Dealerships, although some dealers do this 'via the back-door' and such arrangements rarely give the Buyer any protection if something goes wrong.
Other Build Slots are sold through ’fly-by-night' Brokers, attracted to the Hypercar market by the lure of a quick money. Many of these are Chancers, who have a full-time job elsewhere and work from their Home in the evenings and on weekends. Most don't have a clue what they are doing, and without the proper structures and systems in place, it is easy to see how buyers could lose substantial amounts of money within minutes.
Then there are the matters of Legal Ownership, delivering the car to a different country from the original country of delivery by the manufacturer, and even the tax implications.
We at Knight International have been selling Build-Slots for over 10 years, and our Lawyer can verify that we have sold Aston Martin Valkyrie, Mercedes AMG One and McLaren Speedtail Build Slots, just to name just a few. Over the years we have put together an experienced, Legal team who are experts in the legal process of selling Hypercarcar and Trackcar Build-Slots.
We provide our legal services for free to both buyers and sellers, and can advise on all the Build-Slot matters, including taxes, delivery logistics and Legal Ownership prior to any sale. Our staff are located all around the world, from Europe, USA to Australia, so good advice is never far away.
Once, you’ve made the decision to buy a Hypercar Build-Slot, we recommend you engage a Lawyer, so you know any funds you send are protected by law and that any deposit paid to a Lawyer, is retained by the Law firm until you receive 100% proof that the Build-Slot allocation exists and the Seller has the legal authority to sell it. This is standard procedure within Knight International we advise that you never compromise on this matter.
Once you and your Lawyer are completely satisfied that both the Slot and the Seller are genuine, you will need to know of any hidden costs and ensure you are not subject to taxes from the country of first delivery as well as the taxes imposed when it arrives in your own country.
Then there’s a matter of Payment: the Build-Slot maybe offered in one currency, but you may need to pay in another. This is perfectly acceptable if you transfer a single payment on the day that you calculate the currency exchange, but if the sales process takes time, buyers can easily be caught out with currency fluctuations. Knight International is partnered with one of the most competitive Foreign exchange companies in the world. They can lock in the exchange rate so that there are no nasty surprises.
If you are considering buying or selling a Hypercar or Trackcar Build-Slot, or would just like some advice on what steps to take, simply email [email protected] and we will get straight back you.
Website www.knight.international
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5 年Interesting learning :) thanks for sharing Gary
Boat Engineer, painting, and mechanical operation at Ortomarine Narrowboats.
5 年Superb from this angle! Beautiful @
Thirty years of legal experience primarily in financial services, technology, outsourcing and medical devices/ pharmaceuticals/drug discovery and genetic engineering. Called to the Bar of England and Wales in 1994.
5 年Need another member of the team, Gary? My holy grail job :)