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Scion FR-S / Toyota 86 GT86 General Forum The place to start for the Scion FR-S / Toyota 86 | GT86 |
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06-26-2019, 09:58 PM | #85 |
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An old ass Japanese car holding that much value is very impressive. Still not an investment though. Are there any cars that are good “investments”?
I personally never had much interest in the Supra. It’s way too big and heavy for my taste. I have an IS300 which has the heavy ass 2JZ, for doors and still comes in lighter (3250lbs) than the Supra. I like that they shrunk the new Supra but it’s still to heavy for my taste. I no manual wipes it off the list without even thinking twice. I really like how it looks though. |
06-26-2019, 10:35 PM | #86 |
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A lot of cars are good investments if you treat them as property/plant/equipment the way a company would. You invest in a piece of equipment so that you can make money. If the return is higher than your cost, it's a good investment.
Most of the time with transportation assets you're talking about trucks, vans and passenger vehicles that are used for their utility in a particular commercial purpose. Guys buy trucks to carry their tools to job sites. Uber drivers buy cars to carry people. These can be profitable investments. I bought my BRZ specifically to drive for work and used mileage reimbursement to pay for it. My mileage reimbursement rate is higher than the cost to operate the vehicle, meaning I actually make money off the car with every mile I drive on the job, not to mention the extra salary I take home with this job (which requires reliable transportation) over what I would make without it. In that sense, it's a very profitable investment from an accounting standpoint. Plus I get the intangible economic profit of the value of the pleasure I experience while driving it. The mistake people make is to buy a vehicle as an asset in anticipation of a capital gain on the increase in value. The return gets completely obliterated by inflation and carrying costs. But that doesn't mean that cars are never good investments. It just takes a shift in thinking that most people find unfamiliar. |
06-27-2019, 06:20 AM | #87 | |
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Well hell most people can’t walk to work so in that sense most people could consider their car an investment. But I am talking about the car itself. Very few cars gain enough value to offset maintenance and inflation. |
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06-27-2019, 07:33 AM | #88 | |
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The vehicle basically gives its life for your livelihood, but it does not become more valuable, it becomes worthless.
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06-27-2019, 08:36 AM | #89 |
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06-27-2019, 09:26 AM | #90 | |
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Racecar spelled backwards is Racecar, because Racecar.
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06-27-2019, 12:20 PM | #91 | |
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Capex or PPE expenditures should result in a return that exceeds depreciation expense plus all the other expenses involved in owning and maintaining the equipment. You don't buy a piece of equipment for a factory expecting it to lose money for the business. You buy it expecting it to either increase income or reduce cost and thereby contribute to profit. Otherwise there's no point in buying it. The expectation of a return is what makes it an investment. People are getting hung up on capital gain, which is only one narrow type of return. My dad bought a piece of land and built a building. He leases it to a business. He gets a pretty good income from the building after expenses are subtracted from rental income, despite the fact that the building is a depreciating asset for accounting and tax purposes. Nobody would tell my dad, "That's not an investment. You didn't invest in real estate." At least not anybody who knew what they were talking about. Yet the same people who can easily see the investment in the depreciating building can't get their heads around a depreciating piece of equipment also being an investment because, just like the building, it makes money for the owner. |
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06-27-2019, 01:04 PM | #92 | |
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Racecar spelled backwards is Racecar, because Racecar.
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06-27-2019, 01:14 PM | #93 |
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Yep, basically what I was saying as well.
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06-28-2019, 10:17 AM | #94 |
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The car you drive is not an investment. It is a cost. I was at a dealership once and the salesman stated “that car is a good investment right now”.... I laughed in his face!
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06-28-2019, 01:20 PM | #95 |
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06-28-2019, 05:50 PM | #96 |
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My 86 is an investment in my sanity.
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