Quote:
Originally Posted by berettafan
moses how did your buddy avoid being just another car lot?
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Exclusivity. He only handles high-end perfect condition lease returns. Perfect example; A fully loaded 2005 Mercedes AMG E55 was originally about $94K. At the end of a three year lease, the car is returned to the dealer. The buy back was $48K. The dealership doesn't want to deal with used product, so they sell my friend the car for $48K (sometimes less). He sells the car for $52K or so. How many car dealers can make $4k per car? Not many. And most of these cars are still under warranty.
There is a HUGE market for high-end lease return cars in affluent areas. HUGE. He sells loads of BMW's, Jags, Mercedes.