09-16-2012, 09:35 AM
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#479
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Vortech Supercharged
Join Date: Apr 2012
Drives: WRB BRZ 6MT LTD
Location: Massachusetts
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Right on. A car is not an investment due to depreciation the moment it leaves the dealership with it's new owner. One can not build equity in a car like a house.
Quote:
Originally Posted by sportsguy83
I don't want to  so this is my LAST post about it. We need to start calling things properly. An "Investment" by definition, is related to money.
Investment: The action or process of investing money for profit or material result.
Or another one
Investment: the investing of money or capital in order to gain profitable returns, as interest, income, or appreciation in value.
So again, it is an AMAZING Toy, I love it!! But it is very far away from an "investment". In a LONG time, someone who babies it to nauseum can call it an investment because in 40 years (as a classic first year model) it "might" be worth more than now. Until then no, it is not an investment  |
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