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Originally Posted by vone
I was just at a North Jersey Dealer. He had a LB c6 Z with 771 miles on the clock for 87 K They said it was picked up at the auction for 82 K I think they are full of 
Vone |
It certainly could be true that they paid stupid money for it from an auction. They are speculating that they can flip it quickly for a fast buck while they are still super-hot.
I purchased a 1993 Land Rover Defender 110 in December 1992 at an MSRP of $40,000. 7 years later, with 12,500 miles on it, I sold it back to my original selling dealership for $70,000! Because he had a buyer lined up for it at over $80,000!!! So, I lost the crown jewel of my Land Rover fleet. But I made $30,000 profit on a depreciating asset!! Enough to put a down payment on my house. So - I could have been mad at the dealer making $10,000 for doing nothing. But in reality they provided me with a buyer and I didn't have to do anything! No dealer would have tied up that much money on an out-of-warranty vehicle that few banks would advance that much money on. So these guys with the C6Z are actually not taking too much risk. At this point.
