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Why do vehicles go to auction?
Posted on 8/16/14 at 6:43 pm
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:
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 on 8/16/14 at 6:46 pm to KSGamecock
I always wondered what happened to my car after I couldn't make payments on it anymore.
Posted on 8/16/14 at 6:50 pm to KSGamecock
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.
ETA: I posted before I saw the pics.
This post was edited on 8/16/14 at 6:52 pm
Posted on 8/16/14 at 6:51 pm to UMTigerRebel
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 on 8/16/14 at 6:52 pm to KSGamecock
Custom paint job is sweet.
Posted on 8/16/14 at 6:53 pm to KSGamecock
You dont got good taste just sayin
Posted on 8/16/14 at 6:55 pm to UMTigerRebel
quote:
I posted before I saw the pics
Ok, for the record that is not the car.
Posted on 8/16/14 at 6:59 pm to KSGamecock
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 on 8/16/14 at 7:00 pm to UMTigerRebel
I'm hoping that's what it was, just a trade in and the dealer that got it didn't want it.
Posted on 8/16/14 at 7:22 pm to KSGamecock
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 on 8/16/14 at 7:26 pm to KSGamecock
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 on 8/16/14 at 7:49 pm to KSGamecock
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 on 8/16/14 at 8:06 pm to KSGamecock
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
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 on 8/16/14 at 8:20 pm to KSGamecock
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
There is big money in getting the cereal bath
Posted on 8/16/14 at 8:26 pm to KSGamecock
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 on 8/16/14 at 11:36 pm to KSGamecock
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.
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 on 8/16/14 at 11:46 pm to KSGamecock
I would say most cars that are traded in go to auction
Posted on 8/16/14 at 11:53 pm to KSGamecock
I would hope it had a refrigerated glove box for your milk. That would be the tits.
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