>CARS ARE A DEPRECIATING ASSET!
CARS ARE A DEPRECIATING ASSET!
>>CARS ARE A DEPRECIATING ASSET!
"depreciating asset" is the dumbest thing i have ever heard
anything that depreciates (ie you lose money on over time) is a liability
there are assets
and there are liabilities
anything else is doublespeak for finance companies to trip up normies
>CARS GO VROOM VROOM
Cars like women are a liability, only by buying classic or potential classics can it be an asset like an original Nissan fair lady still going for 40k or a Porsche 911 6th gen 60~80k
t. never took an accounting class
Cars are an asset if you use them to commute to work
Maximum kek
So what you’re saying is that it’s an appreciating liability?
Not if you buy a 90’s nissan skyline gtr .. my homie bought one for 22k 3 years ago and now its worth 40k+.... you just gotta know what to do.