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this post was submitted on 06 Aug 2025
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Asklemmy
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Cars. Cars are stupidly called an asset, and I guess they retain some value, but not really. It loses 50% of it's value the second you drive it off a lot and continues depreciating the longer you own it. It requires maintenance and gas, tags, insurance. It's a liability. If you need one, then purchase it knowing that you are purchasing an item. A car is never an investment.
The trick is to buy a 25 year old car in good condition, and then store it in a dry place under a tarp for at least 10 more years.
The patern on easy money tends to be - buy something that 15yo boys lusted after when its 15 years old and hold it for 10 years then watch the values climb over the next 10 before they plateau and then drop.
Middle age is a bitch.