Siebel Automotive Guide > Managing End of Lease and Remarketing Activities > Process of Managing End of Lease and Vehicle Remarketing >

Selling Returned Vehicles to Dealers

After the dealer has received the returned vehicle, the automobile company tries to sell the vehicle to dealers.

When the dealer receives the vehicle, it is automatically posted for sale to the receiving dealer on the Dealer Portal.

The sales price is automatically based on the residual value of the vehicle, which appears in the Current Residual field of the Financial Accounts screen, Assets/Vehicles view.

Initially, the vehicle is only visible to the dealer who leased it and the dealer who received it, who have the exclusive right to purchase the vehicle. If these dealers decline to purchase the vehicle, or if they do not act within three days, the vehicle automatically becomes visible and available to all the dealers in the same territory as this dealer. The territory is a geographical area that is associated with every dealer. If no dealer purchase the vehicle within ten days, it is removed from the vehicle purchase list and is no longer available for sale.

In the Dealer Portal, dealers can purchase or decline to purchase the vehicle. For more information, see Siebel Dealer Administration Guide.

This task is a step in Process of Managing End of Lease and Vehicle Remarketing.