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Don't forget that the seller could have out bid the final buyer. You will pay BJ the buyers commission on the hammer price as well as your sellers fee but you will still own the car minus all fees after the hammer drops. You'll be out some money but you won't be trashed by almost having to give the car away. No reserve auctions have two types of players. The first is the person looking to steal and the second is the person looking to rape. If you're lucky you walk out a stealer. If not, you walk out not as a rapist but as the raped. School can be expensive.
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