If you feel grooves, it needs to be machined. If you replace the pads but leave the grooved rotors, the pads will wear unevenly from the beginning. To optimize performance of your braking system, the brake pad should be mated to the metal surface as much as possible. These grooves take away from that process. The same is true with warped rotors.
DEFINITION of 'Qualified Institutional Buyer-QIB'. A corporate entity that falls within the accredited investor category, defined in SEC Rule 501 of Regulation D.
Re: Just what is a well qualified buyer? In my mind a well-qualified buyer will depend on the vehicle and dealership (chrysler capital for chrysler, GM financial for GM's, etc). Typically It would be someone in the 740+ credit score range on auto-enhanced scores, with a certain amount of money down depending on the particular promotion at the time.