Originally Posted by lolcopter
You're not investing, you are using. Although your vehicles are all paid off, they are worth much less than the original purchasing price and as such, they are not "investments" in the financial sense. I agree that owning makes more sense than leasing in most cases, but purchasing a vehicle is a sunk cost which you will not be able to recoup unless its a collectors item or something
Well we will have to agree to disagree..
Instead of paying out each month for a car my money goes into investments.. I've been able to almost triple up my 401 K investments because I'm not paying car payment..
not to mention being able to invest in the stock market outside the 401k's..
SO you do not see it the same I way I do..
Buy a good quality car and save money down the road..
BTW if you can find some of the zero % financing all the better.. Paid 1.9 on my ford for 6 initially for 6 years, paid mostly cash for my Honda because at the time the bank rates were not cool..
so If you do not see them as investments I do.. I will not lose sleep tonight if you do not..