Cars are not an investment. They depreciate over time.
Depends on the car and the owner.
“Cars are not an investment. They depreciate over time.”
Generally you are right, but there are exceptions. I own two cars that will likely never depreciate any further and only gain value. Granted, one is 20 years old and the other 42.
My old Chevy Vega never depreciated and retained its full value.
It was not worth anyhing the day I foolishly bought it in 1974. :-)
Cars are not an investment. They depreciate over time.
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Well, I once bought an eight year old 57 Chevy BelAir for $500., had I put it in a building and taken care of it what would it be worth today? Just kidding, I know you are right, I doubt if I will ever own another new car, my latest purchase is a 95 F-150 EddieBauer edition extended cab with 90,000 miles for $3000., it runs and drives like new. The gas mileage is naturally awful but I don’t drive it much so it is a lot cheaper than paying a fortune for a vehicle. In my book it is one of the most comfortable vehicles I have ever ridden in, far more enjoyable than most cars.