Quote:
|
Originally Posted by Darkhamr
The problem is that 50% depreciation on a $60k car seems worse than the same depreciation on a $30k car
|
it seems worse because it is worse. Losing $30K in an investment is one thing, there are deductions you can take on that. There's no deducting $30K on car depreciation. If there is please tell!
Cars are not about investing, but there are ways to reduce your exposure, which are largely ignored. I know many wealthy financial advisers and not one of them has a new car or leases one for pleasure. Meanwhile they tell me their wealthy clients rarely buy used.