Quote:
Originally Posted by evanseric21
Well, a car is not an asset, so that's one thing. Secondly, for me at least, I would like to have benefited from my purchase somewhat before seeing its value drop immediately. I don't have any data to back up how much it will drop, but very few people will pay full MSRP for a '24 model when the '25s hit the lot, so the value will definitely decrease. I don't plan on selling my vehicle in the next year or so, but you never know. However, if I can get a good deal, I will definitely keep my order.
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A car is indeed an asset. It’s not an investment but a depreciating asset by any measure. Whatever amount of $$ one owes on it is a liability. Basic accounting.