Quote:
Originally Posted by Autocon
You lose 15% of a new cars value as soon as you drive it off the lot.
This is a fact my mom drilled into my head from the moment she bought me my first used car when I was 16 until now when I was able to buy my very first new car, my FRS.
A car isnt a house, its never going to go up in value or stay near the value you bought it (unless its some super rare car). Its going to lose 10 to 20% each year. Your car is not an investment, you shouldn't treat it as one. Its a tool to get from point A to point B and have a ton of fun driving randomly around until you wind up at point C. Property is an investment and if your looking to make money on resale, you should look to the housing market.
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I'm in real estate and you would be better off flipping cars than houses right now. Houses depreciate just like everything else.
Sent from my Q10