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Why do vehicles go to auction?

Posted on 8/16/14 at 6:43 pm
Posted by KSGamecock
The Woodlands, TX
Member since May 2012
22982 posts
Posted on 8/16/14 at 6:43 pm
Help me out OTB Rantards, IM trying to buy a vehicle for driving purposes and I see on the car's report card that it was auctioned.

What are some reasons that vehicles are auctioned and how common are they?

Did a drug dealer own it? Was it repossessed? Was it just traded in and the dealer that got it put it up for auction?

I have to know.

Pics:



The Car:

Posted by Porter Osborne Jr
Member since Sep 2012
39967 posts
Posted on 8/16/14 at 6:46 pm to
I always wondered what happened to my car after I couldn't make payments on it anymore.
Posted by UMTigerRebel
Member since Feb 2013
9819 posts
Posted on 8/16/14 at 6:50 pm to
Rental car companies for one. Enterprise Rent-A-Car buys more cars than any other company, and they all cycle through anywhere from 6-18 months on average.

ETA: I posted before I saw the pics.
This post was edited on 8/16/14 at 6:52 pm
Posted by KSGamecock
The Woodlands, TX
Member since May 2012
22982 posts
Posted on 8/16/14 at 6:51 pm to
That was one of my thoughts as well but it was never a fleet car. I'd never buy a former rental, people treat them like shite.
This post was edited on 8/16/14 at 6:52 pm
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
118893 posts
Posted on 8/16/14 at 6:52 pm to
Custom paint job is sweet.
Posted by raymondmercer
#Hailstate Fan
Member since Jun 2014
287 posts
Posted on 8/16/14 at 6:53 pm to
You dont got good taste just sayin
Posted by UMTigerRebel
Member since Feb 2013
9819 posts
Posted on 8/16/14 at 6:54 pm to
Most aren't that bad.
Posted by KSGamecock
The Woodlands, TX
Member since May 2012
22982 posts
Posted on 8/16/14 at 6:55 pm to
quote:

I posted before I saw the pics


Ok, for the record that is not the car.
Posted by UMTigerRebel
Member since Feb 2013
9819 posts
Posted on 8/16/14 at 6:59 pm to
quote:

Was it just traded in and the dealer that got it put it up for auction?

Many dealers go to the auction to purchase used cars for their lots.
Posted by KSGamecock
The Woodlands, TX
Member since May 2012
22982 posts
Posted on 8/16/14 at 7:00 pm to
I'm hoping that's what it was, just a trade in and the dealer that got it didn't want it.
Posted by finestfirst79
Vicksburg, Mississippi
Member since Nov 2012
11646 posts
Posted on 8/16/14 at 7:22 pm to
quote:

I'd never buy a former rental, people treat them like shite.


A little dated, but:

Q: What's the difference between a Humvee and a rental car?

A: There are some places a Humvee just won't go.
Posted by Stacked
Member since Apr 2012
5675 posts
Posted on 8/16/14 at 7:26 pm to
This is the shite I was talking about when I said you were the funniest poster on this website. Absolutely funny as shite, bro. I laughed like hell.
Posted by diddydirtyAubie
Bozeman
Member since Dec 2010
39829 posts
Posted on 8/16/14 at 7:49 pm to
Dealers buy most of their cars from auctions. If they ever buy a lemon from an auction they send it back to the auction to sell. A lot of trade-ins end up at auctions too.
Posted by Cheese Grits
Wherever I lay my hat is my home
Member since Apr 2012
54617 posts
Posted on 8/16/14 at 7:58 pm to
quote:




AWESOME!
Posted by Cheese Grits
Wherever I lay my hat is my home
Member since Apr 2012
54617 posts
Posted on 8/16/14 at 8:06 pm to
My best guess
01.17.13 - Built
02.20.13 - Dealer
09.27.13 - 1st buyer
04.28.14 - trade in or repo?
05.05.14 - Dealer purchased for resale
07.10.14 - 2nd buyer

Posted by Cheese Grits
Wherever I lay my hat is my home
Member since Apr 2012
54617 posts
Posted on 8/16/14 at 8:20 pm to
Probably owned by a former middle management General Foods guy who turned to pimping to make the bills. Here were a few of his Ho's



There is big money in getting the cereal bath
Posted by MIZ_COU
I'm right here
Member since Oct 2013
13771 posts
Posted on 8/16/14 at 8:26 pm to
Dealers only keep the low mileage in demand cars for their lot. The rest go to auction. Doesn't mean it's a bad car (but it could be)
Posted by Mizzeaux
Worshington
Member since Jun 2012
13893 posts
Posted on 8/16/14 at 11:36 pm to
Back when I was in the car business I used to send any car that didn't sell within 50-60 days to the auction. I also bought a lot of cars from the auction for my lot.

If you had to depend on trade ins alone a dealership would never have decent cars. IF you kept them all until you sold them you'd lose money on most. Remember, cars go down in value and new Kelley Blue Book Values come out every two months.

This specific car was probably traded in, the dealership sent it to the auction and wanted too much money so they sent it to an out of state auction. It's not a big deal.

ETA: After seeing the dates/mileage and the amount of time it was sitting at auctions/on transports I'd almost guarantee it's a rental. Registered almost 30 days after arriving on the lot and that amount of miles put on it in just over a year, it's got to be.

Also, cars are usually driven around a little bit on the lot when they're purchased by a dealership. Not only for reconditioning, but test drives. This car was not sold at the first auctions. The mileage is probably slightly higher because if you've ever seen a dealership auto auction, they're fricking huge.
This post was edited on 8/16/14 at 11:55 pm
Posted by Weagle25
THE Football State.
Member since Oct 2011
46175 posts
Posted on 8/16/14 at 11:46 pm to
I would say most cars that are traded in go to auction
Posted by five_fivesix
Y’all
Member since Aug 2012
13834 posts
Posted on 8/16/14 at 11:53 pm to
I would hope it had a refrigerated glove box for your milk. That would be the tits.
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