Well we have seen prices of used automobiles rise over 35% in the past year.
The reason?
Not sure.
I guess as new cars start becoming hard to get.
Or new vehicles are taking abnormally long to arrive.
Or $10-20,000 over MSRP is the new norm.
Then pre owned cars would be in demand right?
Right.
But if you find it hard to wrap your mind around the fact that a used vehicle with miles on it sells for MSRP or more................
You are not alone!
I agree it's tough to commit to that purchase when everything that you have been taught says, NEGOTIATE!!!!!
Let me tell you what I believe is happening.....
The dollar is losing its value.
So it takes more of these federal reserve notes to buy the things we need or want.
I believe that the current prices that we are witnessing today will be considered a "deal" in a year or two.
It's probably better to have a $80,000 car in the garage than $80,000 in your savings account.
We can all agree that $80,000 in the stock market over the past year would not have been very profitable!
So, go ahead and buy that car!
It may not be a "deal" but at least you can enjoy it while the dollar is crashing. ---- AJ Singer
