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In the case of used car transactions, the “fair” value isn’t affected by either side’s financials. If a company or an individual has lots of free cash flow or a
by mathgeek 3y ago
In the case of used car transactions, the “fair” value isn’t affected by either side’s financials. If a company or an individual has lots of free cash flow or a mountain of debt, the fair price isn’t affected.
- lotsofpulp 3y agoI don’t think insaneirish was using the word “fair” as in the technical finance term “fair market value”. I interpreted it as “fair” as in a price that they felt like they were not being ripped off.
- mathgeek 3y agoI consider the fair market value as an input to the “I was treated fairly price”.