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re: Would a new or preowned car be a better investment?

Posted on 1/13/25 at 7:54 am to
Posted by ronricks
Member since Mar 2021
10888 posts
Posted on 1/13/25 at 7:54 am to
quote:

Then explain how to build wealth since you’re so smart and condescending


You don't build wealth by owning/holding depreciating assets.
Posted by Dawgfanman
Member since Jun 2015
25810 posts
Posted on 1/13/25 at 9:19 am to
quote:

You don't build wealth by owning/holding depreciating assets.


Works pretty well with rental homes..

In terms of cars. If I lease I always have a payment. My last truck I had a payment for 4 years and no payment for 9.

Posted by The Silverback
Neptune
Member since May 2013
2210 posts
Posted on 1/13/25 at 11:33 am to
Buy assets, not liabilities. Moron.
Posted by kc8876
Member since May 2012
3541 posts
Posted on 1/13/25 at 1:42 pm to
quote:

Would a new or preowned car be a better investment?


quote:

And why are the interest rates high?


Do you just sleepwalk through life?
Posted by Huey Lewis
BR
Member since Oct 2013
5052 posts
Posted on 1/13/25 at 3:58 pm to
quote:

buy you a 5-6 year old CRV all wheel drive and call it a day.

Those are a dime a dozen in the 12-15K range.


From your own estimates it sounds like they're 144k - 180k a dozen.
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