Quote:
Originally Posted by Perfectlap
10% of your net worth in one car? Not too smart no matter how rich or poor...
Odds are if someone's making those kinds of decisions they're probably making other bad decisions elsewhere (bad investments, over-leveraging, etc.) and won't be rich for too long. Plunking 10% of your dough into a single car? LOL... not even if I had it.  |
Not at all. That car is an investment. (As long as you don't set fire to it or drive it into a tree.) It will appreciate must faster than just about anything else--with the possible exception of a LeFerrari.