Billionaire Sues Dealership For Selling Him A Faulty Porsche
8 January 2020 - Carbuzz
This is no ordinary Porsche, either.
A billionaire is unleashing his litigious fury on a classic car dealership over what seems to be a dirty transaction over what was thought to be an investment-grade Porsche 911.
According to The Telegraph, insurance billionaire Andreas Pohl decided to buy himself a 1973 Porsche 911 Carrera RS 2.7 Touring for 380,000 GBP, nearly $500,000 according to the latest exchange rates - more expensive than even the mighty 2019 Porsche 911 GT2 RS. It should be known that Pohl is a classic car enthusiast and collector who also takes part in vintage racing. And besides, a Porsche 911 RS 2.7 should be in every billionaire's car collection.
However, the 911 RS 2.7 Touring he purchased turned out to be a fake or, at the very least, was no longer authentic.
When the German billionaire took delivery of the car, he not only found it to be in poor condition but it had been equipped with unoriginal parts, and even claims it was not safe to drive. Pohl has thus initiated legal proceedings against specialist dealer Coys of Kensington. Pohl alleges that he was told that the car was in "very good" condition just prior to the sale, and considering the prestige of the dealership, Pohl figured everything would be fine.
Pohl, no stranger to fraud given his position as CEO of one of Germany's largest finance and insurance companies, commissioned a report regarding the car's condition after it was delivered to him. He found that the body had been rebuilt, while an aluminum rather than a magnesium crankcase had been added, among other unwanted modifications. The brakes and axles of the old Porsche are also said to be corroded, enough for an allegation that the car is unsafe to drive.
Coys will likely fight Pohl's lawsuit with the defense that it did not misrepresent the condition or character of the 911. It reportedly claims that Pohl signed an agreement where he acknowledged that because of the Porsche's age, it's likely had parts replaced over the years and he was given the opportunity to inspect the car before making the purchase. But given the accusations at hand, it's unlikely the German billionaire ever bothered to do so.