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Old 04-20-2014, 12:23 AM   #18 (permalink)
jamesqf
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Quote:
Originally Posted by UltArc View Post
A car is definitely an investment. Putting money into anything tangible is an investment.
No, it's only an investment if you can reasonably expect to sell it for more than you paid. That's just not true of cars, other than a few collector ones. Just for example, if I'd bought a $17K car 5 years ago, today I'd have a car that I might be able to sell for $8500. If instead I'd bought a $3K car (which in fact I did - well, a pickup) and invested the $14K in my mutual fund accounts, I'd have about $32K and a vehicle I could sell for about $3K.
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