2023 Money-saving tips and insights. Car expenses. Part 8. Author Aivaras.

A good car is the dream of many people. However, is this dream a rational one? I want to provide you a little more perspective on seeing and thinking from another point of view. Limousine class car price drops 10 times after the first 7 years. After 20 years its price drops by 100 times.

We consider expenses for fuel, service, parts, and insurance but rarely how much we lose because of depreciation. but depreciation happens not because the car’s technical condition becomes 10 times worse and its price dropped tenfold. The price dropped because of design depreciation; the outer look is not fresh anymore - it doesn't make an impression for others. that is why price falls. Would you invest in stocks or real estate if its future worth’s curve would go down 7 times?

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Regards,
Aivaras

Видео 2023 Money-saving tips and insights. Car expenses. Part 8. Author Aivaras. канала Aivaras Training