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No. of Recommendations: 2
The "off lease" vehicles belong to the dealer, not to GM nor GMAC. They are not encumbered by any loan.
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These belong to the entity that bought the paper, GMAC. At the end of the lease they try to sell them to the lessee, then they try to the dealers, then they go to remarketing (auction). So the dealer does not have the exposure.

DrTarr
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