Sweeney “ hey I’ve got this wonderful Lexus coming off its lease. It’s been solid, won a best in class award recently, zero issues when it’s well maintained, and has been worth every penny. You’ll need to figure out if you want to buy it out or not, may need to negotiate with the dealer. Worst case you can flip it again right before the lease is up to recoup cost. What can you give me?”
Staios “well I’ve got this piece of shit truck that runs every now and then that leaks oil like a sieve and has 4 more years left on the loan. I also have a lottery ticket and a run of the mill mini van that are available for next to nothing if you look on the market.”
Sweeney “ sounds good to me. I just need to put the work in to fix the truck and hope it’s not something catastrophically wrong, hit on the lottery ticket, and hope this run of the mill mini van runs well enough for what I need for. Then that should be fair value.
Done deal”