
There comes a time when the prices for used cars at the auto auctions go the way of an exuberant bubble.
A small army of consumers get their tax refunds. The car lots wake up from their winter slumber, and values for vehicles go the netheregions of the human imagination.
I sell cars during this time, not buy them. In the last three months of every year I will usually buy a lot to avoid the tax time market prices. Sometimes as many as 12 vehicles in a day. But when tax season comes, I buy a chosen few and sell them by the dozen.
Then, after the buying frenzy begins to ever slowly ebb, there will be a welcome break in those hedonistic valuations. Where instead of winding up $1000 to $1500 behind the selling price, I wind up second to another bidder. Almost always to a guy who has been buying cars for a long time. Today was that day.
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Recent Comments
nine11c2 - good point Mike..
danio3834 - “But in comparison to other similar vehicles, these particular models stand out as being a much higher risk.” That’s the thing, they...
Jacob - Where does Lada Niva fall? 4WD I assume?
danio3834 - I’m not going to deride Matt for this stunt any more that I would have Evil Kneivel for jumping the fountain at Cesar’s Palace....
nine11c2 - You are right – the liability is now huge…and these are three, relatively unrelated models, the Cherokee was virtually all new in 1999…...
Jacob - Actually, replacing just one tire is a bad thing on any 4×2 car as well. At very least make sure you don’t put...
danio3834 - +1 indeed.
danio3834 - Here we go again. Which writer is going to quit this time?
Summicron - @VAT Now, now… musn’t profile people. Or libel them. Must be that damn itchy shirt.
Sprocketboy - I recently had an Adam as a rental car and enjoyed driving it very much. My model was fully-loaded, including a heated steering...