Originally Posted By: Trav
Originally Posted By: Subdued
did that guy just say a car is an investment?
Oh My.
So use the word purchase if you think that only investments are financial ones that have an expected positive outcome.
Without getting into a whole discussion about it, people invest in in many things.
Companies invest in new tooling to improve productivity, mechanics invest heavily in their tools, transportation companies invest in new trucks, buses, etc, all these things have a finite life span and a level of calculable depreciation.
Generally when someone purchases a new new car its for their daily use, they are investing in reliability (hopefully) and the insurance the cars warranty offers against catastrophic failures possibly wiping out the family budget.
JMHO
I agree with Trav,a car is definitely a large investment considering what they cost now. Average end cars these days can cost in the $40-$70,000 dollar range. My dad`s 4000 square ft house only cost $40,000 in the mid 70`s,I can`t imagine paying that kind`ve money for a car that`s just going to fall to pieces within a few years.