Hundreds of employees have been left stunned after a longtime car dealership filed for bankruptcy Off lease only, a used car dealership, abruptly shuttered all of its locations on september 7 after filing for chapter 11 bankruptcy. Off lease only, a popular used car dealership, has filed for bankruptcy and closed all of its florida locations, including one in orlando, effective immediately. Off lease only abruptly shut down and filed for bankruptcy, much to the surprise of employees and customers Nbc6’s niko clemmons reportsfull story here Off lease only filed for chapter 11 bankruptcy this week and terminated all of its employees
The abrupt bankruptcy of “off lease only” has sent reverberations throughout the used car market and exposed the industry’s susceptibility to unanticipated difficulties Further investigation reveals the devastating effects this incident has had on both clients and staff, illuminating greater ramifications for the auto industry. Off lease only has explored a range of strategic options However, industry headwinds coupled with the decreased affordability of used vehicles have necessitated the decision to pursue an orderly.
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