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Reflections on GTM over the years

Unless a person is a collector in cars that actually appreciate in value, cars aren't an investment at all.

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Old 06-30-2014, 09:39 PM   #1 (permalink)
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Unless a person is a collector in cars that actually appreciate in value, cars aren't an investment at all.
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Old 06-30-2014, 09:59 PM   #2 (permalink)
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You're correct. I never should have used the term investment, because I know it is not one.

Finally we agree on something MMC!
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Old 07-01-2014, 09:41 AM   #3 (permalink)
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You're correct. I never should have used the term investment, because I know it is not one.

Finally we agree on something MMC!
If someone wants to get philosophical about it, a car required to get to work could be considered an investement as the end result is a paycheck (as an investment is always in the pursuit of profit). The government recognizes this for businesses by allowing depreciation and mileage allowances.

A pleasure car is another story.
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Old 07-01-2014, 10:52 AM   #4 (permalink)
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If someone wants to get philosophical about it, a car required to get to work could be considered an investement as the end result is a paycheck (as an investment is always in the pursuit of profit). The government recognizes this for businesses by allowing depreciation and mileage allowances.

A pleasure car is another story.
If the government stayed the F*CK out of people's business they'd have a lot more money for things like TT's and such.
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Old 06-30-2014, 10:58 PM   #5 (permalink)
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Unless a person is a collector in cars that actually appreciate in value, cars aren't an investment at all.
There are very few cars that appreciate in value
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