>Cars are the one thing I don't want to buy. It's not an asset. It depreciates.
If you look at a car as an investment, "you're holding it wrong" is the best I can come up with as to how I feel about it. To me, a car is just a really specialized tool. I don't expect my wrenches and socket sets to appreciate in value the longer I hold them. Cars are made by the thousands every day/week/month/year. We don't expect our mobile devices/laptops/desktops to appreciate either. This whole depreciating argument confuses me. Maybe some people just have a hard time equating something with that kind of price tag as simply a tool?
There are very few cars that are investment worthy, and if that's the kind of car you're after, then so be it. But to the 99.99999% of people looking for a car, it is simply something to serve a purpose.
If you look at a car as an investment, "you're holding it wrong" is the best I can come up with as to how I feel about it. To me, a car is just a really specialized tool. I don't expect my wrenches and socket sets to appreciate in value the longer I hold them. Cars are made by the thousands every day/week/month/year. We don't expect our mobile devices/laptops/desktops to appreciate either. This whole depreciating argument confuses me. Maybe some people just have a hard time equating something with that kind of price tag as simply a tool?
There are very few cars that are investment worthy, and if that's the kind of car you're after, then so be it. But to the 99.99999% of people looking for a car, it is simply something to serve a purpose.