Title shows sale at auction. Problem??
Looking at what appears to be a pretty clean 2011 Class B+. Worst I could find was two screws at the bottom of a slide with some rust, and some rust on the two bottom bolts for the awning. Relatively...
Forum Discussion
I don't see an auction sale as a red flag. I a large proportion of trade-ins go through auction to get from a dealer that doesn't want it to a dealer that thinks he can sell it, as do almost all loan defaults and repossessions.
I don't understand a bank buying it at auction, but depending on the state, if a dealer buys it and finances his floorplan, the financing bank could be the owner on the title, rather than the dealer.
FWIW, most rental cars are disposed of at auction, with the rental company never holding title, rather leasing from the factory, which will be the seller at the auction. I doubt that rental RVs are handled that way, they have to stay in service too long to make money, so have to be titled.
I don't understand a bank buying it at auction, but depending on the state, if a dealer buys it and finances his floorplan, the financing bank could be the owner on the title, rather than the dealer.
FWIW, most rental cars are disposed of at auction, with the rental company never holding title, rather leasing from the factory, which will be the seller at the auction. I doubt that rental RVs are handled that way, they have to stay in service too long to make money, so have to be titled.
