Every year about this time I check the value of my vehicles using the NADA Guide.
I just completed that exercise and found that my fleet of cars has collectively increased in value by 19% year over year. Now I know that everything is relative, since if you trade, sell, or dispose of a needed vehicle that you will have to replace it and the new or replacement vehicle that will also be worth more respectively vs. the same year over year period.
But given the recent thread discussion of cars being assets vs liabilities, I was pleasantly surprised by these results. Look up your own cars, you may be surprised too.
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I just completed that exercise and found that my fleet of cars has collectively increased in value by 19% year over year. Now I know that everything is relative, since if you trade, sell, or dispose of a needed vehicle that you will have to replace it and the new or replacement vehicle that will also be worth more respectively vs. the same year over year period.
But given the recent thread discussion of cars being assets vs liabilities, I was pleasantly surprised by these results. Look up your own cars, you may be surprised too.