Quote:
Originally Posted by trader220
....with regards to "deals" yea there are some deals to be had and yea some cars sell way over the true market value. BAT's become liquid enough and populated by enough guys that for the most part the stuff trades pretty close to what I think "fair value" is given what's known about the car.
I also think the general populations idea of what "fair value" should be is frequently well off. I like playing with the older Bentley's. I buy em and sell em and know the markets both retail and wholesale well. Nothing crazy expensive, all of them under 50 grand. Yes you can buy a 10 to 15 year old 200 grand car for 25 to 50 grand, that doesn't make it a screaming bargain, that's fair value. I was following a 06 Bentley which I thought sold at dead on fair value. Couple of the peanut gallery were hooting and hollering about what a screaming deal it was. Others listen to people like that and believe the bs.
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Yup. I see this a lot too. Several people saying "stolen" when a car just goes for a fair market price. Amazed how little research some people do when making major purchases.