Save Your Allowance

[GregWeld]

Originally Posted by RDuke

Logical move, time for him to sell at the top or near top of the market.

Really? He bought at the top.... When you're the buyer at the BJ (or any other) auction --- that means you paid the very top price for that car at that time... otherwise you wouldn't be the buyer. Nobody else in the room - or on the phone - was willing to pay more.

He hasn't bought much (and I'm usually there sitting about 5 chairs away from him) during the recession. He bought a TON of cars in the 3 and 4 years when cars where at their absolute peak and he paid peak prices.

Now -- Like real estate -- you also have a buyers premium paid -- now you have to add entry fees and selling fees to recoup.