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Life After Brown
How Much is Your Car Payment?
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<blockquote data-quote="Commercial Inside Release" data-source="post: 5578100" data-attributes="member: 93336"><p>There are two different auctions... One is run by the dealer or a local contracted auction house, to get rid of any crap they couldn't sell, or if they think it is a liability. These auctions are open to the public.</p><p></p><p>The dealer auctions he was referring to, were massive vehicle auctions put on by wholesalers working with the manufacturers unloading off-lease vehicles, car rental companies culling their vehicles near the end of warranty, companies with large fleets for whatever reason. You have to qualify to be there financially, often have to have a dealers license, and may have to buy vehicles in lots for big $$$.</p><p></p><p>Joe public doesn't need or want to write a check for $300k to buy a dozen base-model Ford Explorers that have about 5,000 miles of warranty left. Nor would the auctioneer take his check.</p></blockquote><p></p>
[QUOTE="Commercial Inside Release, post: 5578100, member: 93336"] There are two different auctions... One is run by the dealer or a local contracted auction house, to get rid of any crap they couldn't sell, or if they think it is a liability. These auctions are open to the public. The dealer auctions he was referring to, were massive vehicle auctions put on by wholesalers working with the manufacturers unloading off-lease vehicles, car rental companies culling their vehicles near the end of warranty, companies with large fleets for whatever reason. You have to qualify to be there financially, often have to have a dealers license, and may have to buy vehicles in lots for big $$$. Joe public doesn't need or want to write a check for $300k to buy a dozen base-model Ford Explorers that have about 5,000 miles of warranty left. Nor would the auctioneer take his check. [/QUOTE]
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