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Ads proclaiming "Government Vehicle Disposal" and "The Repo Joe Sale" are designed to steer buyers to special used car sales events under the pretense they're getting a special deal.
Used cars have had ups and downs in pricing over the past few years, but they remain a generally solid alternative to paying new MSRPs. Letting someone else eat the depreciation can net buyers a ...
According to Kelley Blue Book, the average price of a new vehicle rose 13.5% year over year to $47,148 in May. Combined with record-high monthly payments, it’s easy to start piecing together the ...
And even at a dealership, buying a repo car can save you plenty. For example, Schultz Auto Brokers of Livonia, Michigan, put a $10,500 price on 2004 Audi A8L Quattro , which was roughly $2,000 ...
t. e. A repurchase agreement, also known as a repo, RP, or sale and repurchase agreement, is a form of short-term borrowing, mainly in government securities. The dealer sells the underlying security to investors and, by agreement between the two parties, buys them back shortly afterwards, usually the following day, at a slightly higher price.
With annual sales of over US$ 350 billion, the used vehicle industry represents almost half of the U.S. auto retail market and is the largest retail segment of the economy. In 2016, about 17.6 million used cars and trucks were sold in the United States, and 38.5 million were sold worldwide. [4]
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