16 replies to this topic

[cbstdscott]

99.999% of all cars are a depreciating asset. In English: No mater what you do to most cars, they lose value.

A car is not an investment. Do not fool yourself that it ever will be.

If you can afford the swap go for it. I am guessing that your parents do not think this is a wise investment for your limited resources.

Scott

[Cäz™]

99.999% of all cars are a depreciating asset. In English: No mater what you do to most cars, they lose value.

A car is not an investment. Do not fool yourself that it ever will be.

If you can afford the swap go for it. I am guessing that your parents do not think this is a wise investment for your limited resources.

Scott

<{POST_SNAPBACK}>

Generally speaking, you are correct. but (and there is always a but), a car can be an worthwhile investment if that is your goal. Its not unheard of to find a free car (i got one )and although it is free for a reason, most of the time it is an easy fix, inwhich case you can fix it up and give it some 'polish' and make a profit. Also, there are people who will buy cars for an insane amount of money because A) they have a lot of money, they like the car, and C) they want to restore the car because they like it so much.

but yea...for that 0.001% of cars...there is profit to be made, just gotta find the right person to buy it from ya.