Looking for a luxury used car you can buy cheap? Careful what you wish for.
First-time owners of luxury vehicles don’t always appreciate maintenance and repair costs. Uninformed buyers may be unwittingly aiding the, “pre-owned” market for luxury cars.
Affordably priced and shortly-owned luxury cars can be a boon to budget-conscious status seekers — if they can handle the repair bills.
The cost of a brand-new car in the United States is about $36,000 on the average. Most car loans are taken out in the amount of $30,000. The average American holds onto a car for almost a decade after purchase.
Why not? Its an expensive investment, after all.
Meanwhile, the main factor for car resales within a year is the car, not necessarily the car owner. Only 1.5% of all Americans who buy a new car turn will sell it within the first year of ownership.
The cars on this list? Double and triple that rate, easily.
Small-cap winners galoreThe big stock market winners share one common attribute: Near the beginning of the ascent of their shares, the companies offer revolutionary products or services, are market leaders in their respective industries, or both. Some big stock market winners that possessed the attributes outlined above are Netflix (NFLX), which we recommended to investors in October 2002; Intuitive Surgical (ISRG), which we bought and recommended in July 2004; Baidu.com (BIDU), which we bought and recommended in August 2006; and MercadoLibre (MELI), which we recommended to investors in October 2010. Get up-to-date small-cap stock picks from David Frazier, editor of Small-Cap Profit Confidential.
Smarter cryptocurrency investmentsThe stock market crash of 2008 was the catalyst for his journey into alternatives. And interestingly, it was the impetus behind the creation of Bitcoin and the blockchain technology behind it. Keene Little wasn’t ready to risk his money yet but he was very curious, so he began charting Bitcoin’s technical patterns. What finally convinced him to dip a toe into digital currencies was seeing that they followed familiar price patterns that could be analyzed and successfully acted on. Now he shares those insights with subscribers to the Crypto Wealth Protocol.