New Rules: The Used Vehicle Dilemma

Posted on August 14, 2009 by Linda Moore

Page 1 of 2

With prom season officially over and slower summer months already here, many operators are looking to unload stretch limousines as they have done in previous years. But this year is not like previous ones. The new reality may slap you in the face if you don’t know the facts. Industry veterans Warren Meyers and Jay Glick explain the new rules.


New cars are at the lowest prices ever!
Used cars prices are just as low or lower.

According to Warren Meyers, Owner of, one of the largest used limousine sales companies in the U.S., there are plenty of bargains to be had, but before you jump make sure you are able to get financing.

“The finance companies are not as loose with funds as they once were,” Meyers warns. “Many of the coachbuilders overbuilt last year, which has driven down the prices of new and leftover limousines. What it’s done is also drive down the price of used vehicles. Apples to apples from last year, the same vehicle is now worth $4,000 to $5,000 less. Operators trading in their cars have sticker shock when they hear what builders are willing to pay for their trade — that is if they take them at all.”


Overseas markets still exist for used limousines.
True, but there are fewer of them and they no longer are the limousine graveyards for all the junk left.

“Overseas buyers want low-mile vehicles in pristine condition at a bargain price. What once was a receptacle for all of the old-body style, high mileage vehicles, no longer exists. Overseas markets no longer want our garbage,” explains Jay Glick owner of, a bonded limousine dealer for over 15 years in Marlborough, N.J. “There really isn’t a market for old body style, high mileage vehicles anymore.”


There are many repos available on the Internet.

The same car is being sold by multiple dealers on multiple sites, which gives the appearance of available repo gluts.

Meyers and Glick believe that this is an extremely deceptive practice. “Only buy from dealers that have possession of the vehicle,” Myers cautions. “Anyone can put a list together of consignment vehicles across the country. We are bonded dealers. We have to pay insurance for our dealer’s license and go to class annually to renew it. Brokers may not have the insurance or bonds. You really need to know who you are dealing with. Before we sell cars, we go over them with a fine-tooth comb. We detail them and make sure that they are mechanically sound. A broker might not ever touch a car he sells you.”

Glick even takes it a step further by posting the VIN number of the vehicle on his website. He believes that he has nothing to hide and he encourages his buyers to pull Car Facts or other reports on the vehicles that he is selling.

View comments or post a comment on this story. (0 Comments)

More News

Why We Don’t Trust Driverless Cars Even When We Should

As Artificial Intelligence (AI) advances and deep learning matures, algorithms will run a greater share of our lives.

Lincoln Continental Unveiling Brings Out The Fan Club

South Bay Ford gives its fleet and retail customers an up-close look at the sedan that's creating a big buzz in the industry.

Clean, Classy Sprinter Perfect For Big Execs

Vehicle Pick Of The Week: This McSweeney Designs van is the way to go if you're trying to win corporate contracts.

2017 BMW 5 Series Lighter, Quicker, And Loaded With Tech

Product Review: The vehicle has an all-new iDrive infotainment system, with both a touchscreen and redundant physical controls.

Genesis G90 Attracts New Luxury Sedan Buyers

Product Review: Road noise is all but eliminated throughout the cabin, which seats five adults comfortably.

See More News

Facebook Comments ()

Comments (0)

Post a Comment



See More

See More

See More

See More

LCT Store

LCT Magazine - October 2016 $12.95 COVER STORY: * Leverage Tech To Levitate Your Operations * *


Experience the three annual industry events for networking for business, showcasing vehicles and products, and getting the tools for success.

Read About Your Region

What’s Happening Near You?
Click on any state to see the latest industry news and events in that region.

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment


Work Truck Magazine

The number 1 resource for vocational truck fleets

Metro Magazine

Serving the bus and passenger rail industries for more than a century

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

Please sign in or register to .    Close