My middle daughter is a senior in high school. She’s been driving a hand-me down car that belonged first to her grandfather, then her parents, then her sister, and now her. It’s getting less and less reliable. We really need to get her a better car before she heads to college.
Let’s imagine that I have a $10,000 budget and I’m looking for just the right car for her. I’d really like to find a Toyota Corolla. I am at a dealer and they are showing me their selection of pre-owned cars. We drive a few, nothing grabs us. Then he says, “I’ve got the perfect thing. We just got this in, and I know you’ll like it.”