03-05-2019, 06:21 PM
(03-05-2019, 03:52 PM)Au165 Wrote: I bought a car for 40k last year brand new, I am now selling my car to you this year and willing to take 10k. What are the first words out of your mouth? "What's wrong with it", right? Now if that person says "Nothing I just want this newer car with cooler features", you ask yourself what? "Why does you getting a new car devalue your old car that is perfectly fine so much", right?
In the real world we all come back to the same conclusion, there is something wrong with the car. In the NFL apparently people just think others sell their one year old car "with nothing wrong with it" at pennies on the dollar. Interestingly enough, no one else ever has.....because it doesn't happen!
Have you ever bought a new car? Do you have any idea how much depreciation takes place after just one year? It's not 75%, like in your hypothetical, but the value decreases notably, for no other reason than the car is one year older and therefore no longer brand new.
In many circumstances, yes, the car in question may be a lemon (Rosen). But in transactions like your example there does not have to be anything implicitly wrong with the car for the diminished value to occur.
If you see something suspicious, say something suspicious.
![[Image: 4CV0TeR.png]](https://i.imgur.com/4CV0TeR.png)
