CowboyTaco
Well-Known Member
If you buy a vehicle as an investment - you better be aware that it was a mistake to do so because it will depreciate very fast. While I know I could sell my Tacoma if running for thousands - I would never count on that money. Paid it off many years ago and anything I get out of it at this point is a bonus to me.
Outside of your home, a vehicle is often the next most expensive thing that someone can own. I guess in some cases, it is the most expensive thing that people own. Spending that kind of money on something that essentially is thrown away blows my mind.
I didn't mean investment as in something that returns a profit, but it is something that people funnel money into (usually) in monthly payments. I look at my truck as a way to get where I need to go. Most of the time, that is to work. So it is an investment of sorts in the sense that I can't get to work without it (or another vehicle).
It is very rare that vehicles appreciate in value. Unless you have a classic or something that is otherwise in hot demand like the Supra after Fast and Furious.
