Got it, so the seller is basically having a dealer use their license to list a car for sale on the manheim platform, but only has to produce the vehicle if someone buys it or the reserve is hit.
So the dealer takes a cut potentially, and I guess had some downside risk if the original owner doesn’t release their CT and title.
And manheim takes a cut if there’s a sale.
All the freaking auto industry’s is a series of people trying to get a cut lol. No wonder buyers get ripped with alarming frequency. Too much money can be had by gouging buyers and burying them in piles of debt.
I thought all manheim auctions had to be present and somehow roll across the auction block. Otherwise it’d just be some eBay bullshit with what amounts to drop sellers selling other people’s collateral.
I won’t lie, I’m a huge fan of Franz von Holzhausen. He designed the Sky/Solstice and I met him at
GM a few times. His work shaping Mazda and Tesla are world class. Too bad about the customer experience sucks owning the latter.
Franz signature is laser etched and it includes a numbered COA out of a set of 800. I would have preferred live ink but a hard signature to get. Will include proof of purchase and throw in 4 Model 3 chrome license plate frames. $3000
Reading the comments on that auction was fun. Sounds like seller initially bought it under an LLC and then had the LLC sell it to him individually for no profit to circumvent the clause.
Either way, it doesn’t really matter since the reserve wasn’t met.
clever Tesla, very clever solutions haha