Bailiffs
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Ah... the sweet smell of a snatchback in the morning. For some operators, the heart rules the head. To secure the tidy wagon of their dreams, they overstretch themselves with the deposit then struggle to make the repayments. When the solids hit the fan (rates rarely match reality), the boys duly reclaim the truck. Invariably, contractual requirements allow an open market sale to fetch the best price. To recover the costs, asset management teams forge links with auctions and independents, giving them a real bite at the cherry. During the downturn, the cherry resembled the size of a pumpkin. Sign up with an asset management company, and you too could have a 60-plate truck on the forecourt. Laurie Dealer has even heard of a reclaimed 11-plate sold through the auctions.