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if the individual participants will deal with the broker directly, why would he needs to draft up a proposal. it's just like a normal engagement.
i'd think the process is like this:
- coyote gathers as many interested (firm) buyers as he can;
- engage the broker to bargain the deal collectively for the above participants;
- supply the final onroad price + admin cost (if any) etc to the participants for them to make their final decision;
- once the buyer(s) confirmed the go ahead, broker will arrange all the paper works etc and deposit paid by the buyers;
- arrange delivery with dealer.
personally i don't think this GB thingy will be much different to buying cars via any brokers. rather than 1 big customer buying many cars, it's a few customers collectively buying a few cars. Normally brokers don't want to deal with so many people as it's much more work for them and it's great that coyote has contacts that would be happy to assist. AFAIK you are not locked in until you have agreed with the final price. however i can understand why coyote only wants people who are serious in buying.
if the above is incorrect, please feel free to correct me Coyote.
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