I've been in the auto lending business - I would like to point out that the scenario you described is for the REALLY BAD bottom feeding lots. The financiers I

I've been in the auto lending business - I would like to point out that the scenario you described is for the REALLY BAD bottom feeding lots. The financiers I worked with was MANDATED to send repoed cars to auction houses. I'm not sure how someone would get an exemption from that.