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Who buys a daily driver for an investment
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<blockquote data-quote="n423" data-source="post: 3251229" data-attributes="member: 7037"><p>An automobile is a depreciating asset. As it ages, it loses value rapidly and drastically. There is very little chance of an automobile used for personal transportation will appreciate in value. A reliable form of transportation is essential in order for most people to produce an income.</p><p>According to Carfax, depreciation rates on the value of a new vehicle can drop by more than 20 percent after the first 12 months of ownership.</p><p>A desirable classic car is completely different.</p></blockquote><p></p>
[QUOTE="n423, post: 3251229, member: 7037"] An automobile is a depreciating asset. As it ages, it loses value rapidly and drastically. There is very little chance of an automobile used for personal transportation will appreciate in value. A reliable form of transportation is essential in order for most people to produce an income. According to Carfax, depreciation rates on the value of a new vehicle can drop by more than 20 percent after the first 12 months of ownership. A desirable classic car is completely different. [/QUOTE]
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