If there's one word that makes any car buyer cringe, it’s
depreciation, the devil thorn in every car buyer’s side. Now we know cars
aren’t cheap to begin with, so when you fork out every last cent you have and
drive your new car off the showroom floor, it’s worth a big chunk less than
what you just paid for it. It’s true, depreciation can make you cry.
However, there is nothing you can do about it and your car
will lose value over time, this is a fact. Cars are not an investment, they are
more like parasites feeding off you as long as you choose to drive them.
The best you can do is to wipe your tears away and enjoy
your car for what it's worth. It’s also a good idea to do some reading and find out more
about how car depreciation affects the value of a car. The more knowledge you
have the better equipped you will be when buying your next car.
Share your thoughts on car depreciation in the comment box
below.
Haha, I think there is a little more to a car than just being a "parasite feeding off us". Yes it loses value, but I do get some enjoyment from driving mine :)
ReplyDeleteAgreed, a car does give pleasure and enjoyment, but financially it sucks you dry and when you sell your car, the parasite will show its face :)
ReplyDelete