- they are mechanical machines that fall apart and need repirs and maintenance right away.
- there is always a batch of newer and fancier cars available competing for dollars, which thwarts the ability to sell last year's model at its orig price.
Cars cost a fortune. You are absolutely correct to be concerned about depreciation. Don't forget the cost of fuel, routine maintenance, repairs, insurance, taxes, annual registration, car washes, and even that $0.99 fo rthe dumb bumper sticker. They are a total waste of money, unless used for a business such as a taxi or delivery service, that actually recoups these costs.
Better to walk or bike - get lots of exercise for practically free.
age plus wear; it's a double whammy. Houses, bullion, stock certificates don't have odometers.
Some people think cars are investments. They is seldom true; autos are tools/durable goods just like a washing machine, clothes dryer or table saw.
