Openlane Inc. announced a free 30-day Buy-Back Guarantee Plus on qualifying purchases to dealers on its U.S. Open Auction throughout August 2011.

Dealers who purchase dealer-consigned and rental inventory on Openlane.com will automatically be enrolled in the Buy-Back Guarantee Plus program in August. This unique program will allow dealers to return the vehicle to Openlane within 30 days of purchase if they are not satisfied. Additionally, dealers who list vehicles for sale on The Openlane Free 30-day Buy-Back Guarantee Plus comes with:

• No PostSale Inspection required
• A 30-Day qualifying period for Buy-Back
• 100 percent of the OPENLANE buy fee is reimbursable.
• The first $300 in transport fees is reimbursable.

The Openlane 30-day Buy-Back Guarantee Plus program covers:

• 100 percent of the vehicle purchase price minus a $500 deductible. Any floor plan, payment processing, reconditioning or remarketing fees and taxes are not reimbursable.
• Reimbursement of vehicle purchase price is capped at 104 percent of mileage-adjusted Black Book Wholesale National Average price as calculated on the online purchase date.

Openlane will also continue to offer its standard 10- and 30-day Buy-Back Guarantee programs on remaining vehicles throughout August.

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