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They don't have cash. They do have liquid assets. Anyone who owns a car has a liquid asset... they just don't think of it as such because they "need" it.
by true_religion 11y ago
They don't have cash. They do have liquid assets. Anyone who owns a car has a liquid asset... they just don't think of it as such because they "need" it.
- CamTin 11y agoHow fast do you think I can get a fair price for my 97 Sable? Fast enough to cover an "emergency" expense? Cars aren't very liquid. You can sell them to a huckster with a lot in the shady part of town for 1/3 of what you could get by putting an ad on Craigslist and waiting a few weeks. If you don't have a few weeks, this is a problem.