levitate
I love you, you know.
Man this breh still in here talking about depreciation on a car….
ITS NOT AN INVESTMENT!!!
ITS NOT AN INVESTMENT!!!
New cars are such a ripoff
- Thread starter winb83
- Start date
Some people live their lives based on value. A nights rest is a nights rest right, so why spend money staying in the Hilton when you can sleep at Red Roof Inn or Super 8. See i dont subscribe to that shyt, some things im willing to pay for even if there is value somewhere else.
Does someone take a L that builds a new house instead of buying a house that’s not new and it’s been lived in for a couple of years?
This. Yes, we all know a car is a car and all that matters is that it takes you from point A to Point B. But there are some luxuries/quality that I’m willing to pay more for.I didn't bust my ass for years trying to make decent money just to drive some beater.
Every new car is driven at the factory, it's also driven onto the trailers that carry them. It's also driven onto the showrooms and into the service bay before first sale to customer.
if your new car has 0 on the odometer when you get it, they've messed with it. It should read 20 or so. If you insist on buying a new car, take a test drive of it, the actual car not a demo vehicale.
Usually cars are sold with the other year depending on month of manufacturer so if a 2020 car rolls off the assembly in sept, it's a 2021. Which may get sold before dec 31. So it's possible the owner of a 2021 car can sell it before dec 31 2021.
if your new car has 0 on the odometer when you get it, they've messed with it. It should read 20 or so. If you insist on buying a new car, take a test drive of it, the actual car not a demo vehicale.
Usually cars are sold with the other year depending on month of manufacturer so if a 2020 car rolls off the assembly in sept, it's a 2021. Which may get sold before dec 31. So it's possible the owner of a 2021 car can sell it before dec 31 2021.
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It's a tool. But it's a shytty tool if it loses a third of its worth the money you first use it. Essentially, you paid too much no matter what. If you buy a new car, you just gotta be OK knowing you're overpaying.Man this breh still in here talking about depreciation on a car….
ITS NOT AN INVESTMENT!!!
ExodusNirvana
Change is inevitable...
I cannot explain to you how infuriating it is when people talk about cars as "depreciating assets"Man this breh still in here talking about depreciation on a car….
ITS NOT AN INVESTMENT!!!
Do nikkas realize just about EVERYTHING in this world depreciates in value unless it is a rare or unique item that has been maintained???
Houses typically appreciate in value.
You're actually wrong. A car can very much be an investment. A 2005 Ford GT today will sell for almost double what it sold for when it was released.Man this breh still in here talking about depreciation on a car….
ITS NOT AN INVESTMENT!!!
That's besides the point. My argument always was the rate at which a new car depreciates makes it a ripoff not that a car is an investment.
Now if you keep the car until it's worthless you can somewhat argue you got your money's worth but you still had to eat that year 1 depreciation and in exchange for it you didn't really get close to equal value.
The few cases it makes sense is buying a collector's item car or buying an EV car where you can get federal and state tax credits equal or even more that year 1 depreciation.
Any fool can buy a house and in a few decades it likely hasn't depreciated unless they trashed it. Homes aren't rare or unique. Most consumer products depreciate if they aren't rare or unique.
Whether something appreciates in value is another transaction entirely.
If you never plan on selling something you bought then why does is matter if it appreciates or depreciates in value?
do you only buy shoes that appreciate in value?
a car is worth how much a sucker will pay for it
in retail, they tell you to mark it up 100%
in retail, they tell you to mark it up 100%
levitate
I love you, you know.
You are being dishonest here. You damn well know that the overwhelming majority of cars are not collectors items and thus not purchased with the intent of being an investment…
I can't afford a new car.
I could however walk into a dealership with my 800 credit score, my income, my minimal debt and trade in my car driving away with something brand new and I could easily make the payments. I could also cash out enough investments in my taxable investment account to buy a new car outright.
I don't define either of those as being able to afford a new car though. When you can actually afford a new car you buying one would be like you buying a can of soda. You see it, you want it, you don't think twice about it or blink you just buy it. You don't rationalize why you should use debt to get it because "your money could do better elsewhere" because to you a can of soda is so insignificant that why would you even bother. If you can't view the price of a car with that level of insignificance then you can't really afford it. The majority of people can't afford a new car.
I probably should have stuck to my principles here. I just felt like I’ve never owned a brand new car in my entire life so I’ll do it once. I bought the car in March it’s June and it’s lost over $3500 in value with just 2700 miles on it. Granted I put down $19K and financed $8000 so I’ll never be upside down. Doesn’t help that somebody hit my shyt a few weeks after I got it and I had to pay almost $1600 to restore it no normal condition.
Got it out of my system. Don’t think I’ll be doing this again. I basically just burned that cash for nothing and honestly I knew better.
Got it out of my system. Don’t think I’ll be doing this again. I basically just burned that cash for nothing and honestly I knew better.
