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The dealer gets that sale, plus a "certified preowned" used car to sell that could yield more profit than many new car transactions.
WSJ: That Car in the Driveway Is Now Worth More
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One otherwise comparable preowned car may have logged an excessive number of miles than another or may have been largely neglected by its owner.
FORBES: The Most-Reliable Used Cars
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There are lots of theories as to why but the one we subscribe to is that there are very few husbands who are willing to risk the wrath of a disappointed wife by buying her a preowned watch.
FORBES: Watches Worth The Most To Sell
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On the recommendation of several British fashion editors, I visited Vestiaire Collective, the Paris-based resale (translation: the clothes are preowned) site that launched in the U.K. last spring and now ships to the U.S. The selection is thoroughly high-end (celebrities Sophie Dahl and Rachel Weisz have donated goods), and each piece is vetted by in-house specialists who are trained to weed out fakes.
WSJ: The Fashion Piece That Got Away