Ford Mustang Forum - View Single Post - So poll time pay off vs mod who does what
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post #67 of (permalink) Old 11-28-2012
nsadams87xx
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Quote:
Originally Posted by skulls View Post
while i agree with you...a car is not an invetment...it depreciates in value and thus is not an investment, if its paid off and holds value you could consider it an asset or if it had postive equtity then that portion could be an asset but not an investment.



I agree and actually by definition, you are 100% correct. A car is not an investment unless it is assumed that the value will appreciate. A Shelby Cobra or a Ford GT ended up being investments. A 2013 Mustang right now just plain and simply isn't. If anything, a car is a sunk cost.
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