Re:Interest Rates: Naturally Negative?
by imtringued on Wednesday August 14, 2019 @07:53AM
(#20694529)
One can argue that owning a car saves you from the expense of buying a car. After your asset expires you have another $10k bill at the end. If your car is a super reliable prius and lasts twice as long as your old car then it may haved saved you money by reducing your transportation expenses.
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Re:Interest Rates: Naturally Negative?
by aalleavitch on Wednesday August 14, 2019 @09:29AM
(#20695304)
Cars are liabilities. Almost invariably they will break down and require repairs, which are generally expensive. The moment you buy a car you are losing money on it. You’re losing it slower than if you had thrown the money off of a bridge, but it’s not an investment. Any money saved by making a good vehicle purchase is more of a discount on a cost you’re paying anyway.