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These vehicles are typically well maintained but like rental cars often do not have more than the most basic options. Like rentals the use of company cars varies greatly from the executive sedan driven slowly and carefully to the work truck that regularly climbs curbs and mountains or gets abused in city traffic. * Repossessed Cars: Vehicles repossessed by financial institutions banks and leasing companies are most often disposed of at auction. (I had a beautiful Mercedes Benz 560 SL repossessed years ago – someone probably got a great deal at that auction!) Repossessed vehicles can feasibly sell for less because the financial institution’s only real motivation is to recover the amount owed on the car which can be substantially less than the fair market value of the car. The condition of such Public Auctions Houston cars may be marginal (if the owner can’t pay the loan repairs could also be put off). There can also be intentional damage done by the driver who is losing the car so inspect them carefully. * Trade-ins: Car dealer inventory that is aging or does not meet their profile (for example an older Chevrolet Malibu that was traded in for a new BMW M5 at a BMW dealer).