Pre-Weekend bits: $85 rock from Nordstroms, time to buy a new (used) car, and more bits

Nordstroms Rack Rock
If you are old enough, you will remember the gag gift hit of the 70’s, the pet rock. Four decades later, Nordstrom’s, of all places, is selling an $85 rock. You can’t buy this at Nordstroms or Nodstroms Rack, only online. This is not a “rock” that your bride-to-be wears on her finger. No, not that kind of stone. It’s a rock… and at $85. Needless to say, it has become an internet sensation, and it has sold out! Fret not, you can waste your money… Umm… buy the $65 smaller version while Nordstrom’s works to replenish the bigger, more expensive rock. Nope…  update, the $65 rock is also sold out now. It’s no wonder people have no money…  By the way, the Pet Rock has made a come back. Makes a great Christmas present… (In case you missed, that’s sarcasm) and compared to the Nordstroms rock, it’s a bargain at only $19.95.

In the market for a new used car? Now is the time!
There are more cars coming off their leases in 2017 than ever before. That’s potentially great news for you if you are in the market for a new… or should I say, a used / preowned car. Due in part to the low interest environment that we have experienced for years now, leasing cars has become more popular than ever. There is an increased number of people leasing high-end cars, like Mercedes. As all of these leases expire, the cars are turned in to the dealer by those leasing the car. Those lessees who elect not to buy their leased car will look for another car, presumably to lease. That means their old car is available for sale at the dealer. In 2017,  about one million more off-lease vehicles will be available in the U.S. compared with 2015. The more cars there are in the used-car marketplace, the greater the discounts you can expect from dealers as they try to clear inventory. As a reminder, a car loses about half of its value during the first three years, so if you are thinking about buying a new car, dealers’ used car lots might be a good place to look come the new year.

Source: Bloomberg

 

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