Quote:
Originally Posted by Varn
As far as payback, I don't calculate depreciation or residual value. Autos are only an expense not an investment. I generally drive them until they are scrap. Once rust takes hold there is not much you can do. I only pay cash for vehicles.
|
I never claimed it was an investment. Depreciation is basically just measuring the value remaining in your car, whether you keep it or not. Even if you pay cash and keep them until they are dead.
By running up the ticker on the VW and not putting miles on your other cars you delay having to buy a new car. There is a big difference between buying three new cars over 40 years and buying five...