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by vonmoltke
475 days ago
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> What? They're giving away cars just to cut in line? That seems a pointlessly costly deal. Maybe I'm not understanding the scam correctly. You're not. As the article notes > Under state law, the profits from sales of towed cars are supposed to belong to the vehicle owners. Towing companies have to hold onto the proceeds for a year and turn over any remaining money, after subtracting their fees, to the state. This means D&L doesn't give a shit how much they sell the cars for as long as they get more than the towing and storage fees for them. Depending on how many cars they deal with, it might actually be more profitable to turn them over quickly for pennies on the dollar than let them sit in the yard and rack up higher fees. |
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