Well we have seen prices of used automobiles rise over 35% in the past year.
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?
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