Most of us remember the General Motors IPO (GM:NYSE). The much sought after deal, but oddly enough, it’s now trading below it’s issue price. Will Chrysler be sought after and then simply trade flat to down after the sizzle of the IPO is gone ?
Some will call it an older used car, while others will call it a clunker or even a piece of junk. These are cars that are mechanically sound, but have certain visual flaws. Often times, an older used car will be given a name, and tears will fall the day the car actually dies.
Most importantly, these older used cars will significantly improve your financial situation.