The 500e Credit: FCA
“Second wave” electric cars– Fiat 500es, Cadillac ELRs and even Tesla Model Ss– are starting to return to dealerships after their first owners are done leasing them. Now apparently those dealerships are wholesaling these vehicles for, like, nothing.
First, a crash course in how dealerships trade stock and where leasing fits in–
Say it’s 2016 and you lease a 2016 Honda Civic for three years. 2019 comes around, your lease is up and the dealership takes the car back.
If yours was an exceptionally clean and/or desirable-spec car, the dealer might stick it on their lot for a few weeks as certified pre-owned inventory. But it’s more likely that they’ll pack it up and ship it, along with all the other off-lease and trade-in cars they got that week, to a wholesale auction.
These auctions can only be accessed by other car dealers. They’re the main source of inventory for basically every used car lot from decent independent outfits to sketchy buy-here pay-here dumps run by the mafia.
This is […]
Remote Viewing the Year 2060
