Cars are bad investments reddit. Given everything you said (enjoying the .

Cars are bad investments reddit. Buying a car is a great investment People say cars are poor investments because their price only falls. 58 price to book (I know there have been some bankruptcy concerns with GM, but that PB ratio suggest that the stock would actually go up significantly if they declared bankruptcy) and a . A car (almost all cars) are not an investment. They can lose half their value or more in just five years, and their value continues to decline the older they get. The decline in value the second you drive You are correct, cars are almost alwasy a depreciating asset, so in the "traditional" sense of the word, no they are not an "investment", but that quibble isn't really what you are asking. Even purchasing a car that's one year old will save a lot, and you don't need to deal with dealership orders or a break-in period. Parents are telling me a used car is a bad investment in the current market and they’re pushing me to get a new car. Also electric cars need to find a way to make batteries with out lithium and cobalt so they can be mass produced cheaper and easier. Then when you need a car you can reduce your payment. Granted, it's problematic when people get into a cycle of buying new cars every couple of years, but if you're buying a new car every 7-10 years, the premium you pay for that new car smell averages out to be very small. bdyoe tfjg 82b tfh7 za 3zrl qka rpf nqlv ndl27v