Quoted from vicjw66:I bought some pins at $58 this morning. I also bought some Advanced Auto Parts (AAP) at $212. I mistyped Apple when checking stock and it came up. It got me thinking. A lot of people are buying used cars right now because of a shortage in new cars. My dad decided to buy a used Tahoe last month and it was a huge mistake. He has spent a bunch of money fixing all the little problems it has. I know it’s probably not wise to buy based on personal experiences, but what the heck.
Man, I hadn't looked at the market since this morning. Was a crap day across the board today.
It was reported today that the average price of a new vehicle today is $41k. That is INSANE.
That being said, used vehicle prices are also crazy. Generally though, if you can find a 1-2 year old vehicle with less than 50k on it, they are decent but right now still paying top dollar for them unlike in the past where it was a nice discount.
If you are looking price wise to buy something 5-10 years old...yeah, things are probably going to need to be fixed :/