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Possible.....
Posted by Mike Lynch` [Email] (more from Mike Lynch`) on Sat, 15 Nov 2003 14:06:11
In Reply to: Mike, you are in the business...any other tips?, bill h., Sat, 15 Nov 2003 11:19:09
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But no guarantees. Why mess with a deal? If your buyers feel comfortable at the residual why screw with that? Sure you can try and negotiate Chase on their behalf, but if the car goes to auction there are no guarantees that your broker will be the winning bid on that particular day at that particular auction. I can imagine lots of scenarios where the car might go to a different auction or fall through some other crack in the system or your broker might encounter logistic problems.
Do protect yourself and try not to get in the middle by having to purchase the car yourself and then transferring it to your buyer. Suppose your buyer is killed (or something screwy happens) on the way to buy your car, then you'd be stuck. If your worried that your buyer is paying too much then refer them directly to the broker. Perhaps the broker can find a similar car or actually acquire your old car at auction. Be advised though that if your buyer is paying too much he's probably very proud/happy with his purchase. "The more they pay, the happier they are" is very true in the car biz.
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