Or the vehicles you are purchasing are not expensive enough. The highest value ones appreciate over time.This quote is hidden because you are ignoring this member. Show Quote
Or the vehicles you are purchasing are not expensive enough. The highest value ones appreciate over time.This quote is hidden because you are ignoring this member. Show Quote
3
Is this where I post my SIN and credit card numbers?
...
Last edited by redblack; 08-26-2019 at 07:35 PM.
This.This quote is hidden because you are ignoring this member. Show Quote
Although I've noticed my tastes in vehicles shifting somewhat regardless of financial stuff. I hate to say it (it sounds awful), but I'm just not as interested in cars as I used to be. Although this tends to come and go, so I may be back on the crack again soon. I've started to value simplifying my life more than I used to.
Mission accomplished.This quote is hidden because you are ignoring this member. Show Quote
Details? I might be interested...This quote is hidden because you are ignoring this member. Show Quote
What about mine? Lol :-pThis quote is hidden because you are ignoring this member. Show Quote
Do cars count as assets?
Originally posted by Thales of Miletus
If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
Originally posted by Toma
fact.This quote is hidden because you are ignoring this member. Show Quote
Not unless you paid for it in cash but then it just becomes a depreciating asset for salt in the woundThis quote is hidden because you are ignoring this member. Show Quote
Cars are a big one lol
I was bored and added up what I can remember I spent on cars without mods, insurance or maintenance and it scared me lol I dunno what number is higher, money spent on cars or women. Does it count if I spent a million vs having it in the bank
I am user #49Originally posted by rage2
Shit, there's only 49 users here, I doubt we'll even break 100
I would consider the continual depreciation to be a liability. For all intents & purposes even a car bought cash is still a liability. Even a car parked on your front lawn not moving is still an expense (liability) because of the depreciation, whether realized yet or not...it's still happening.This quote is hidden because you are ignoring this member. Show Quote
God Damnit, why can't I quit vehicles?
"Masked Bandit is a gateway drug for frugal spending." - Unknown303
That’s a liability...This quote is hidden because you are ignoring this member. Show Quote
Damn, guess I have a lot of Liabilities lmao
Originally posted by Thales of Miletus
If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
Originally posted by Toma
fact.This quote is hidden because you are ignoring this member. Show Quote
I know the feel. Cars just don't do it for me anymore. I drive a '17 Fusion Titanium, which is about as fun to drive as a UHAUL, and it's fine. Whatever.This quote is hidden because you are ignoring this member. Show Quote
Cars are assets. A loan against them is a liability, and the depreciation is an expense.This quote is hidden because you are ignoring this member. Show Quote
I realize we're splitting hairs here but since the depreciation is a continuous unstoppable expense, isn't that a liability? That expense is occurring regardless of what you do. True the expense isn't realized until you liquidate (sell) but the fact that you own that vehicle forces the expense?This quote is hidden because you are ignoring this member. Show Quote
"Masked Bandit is a gateway drug for frugal spending." - Unknown303
You're accurate in your description of what is occurring, I just wouldn't (for the sake of clarity) describe that as a "liability". One distinction is that you don't "owe" that depreciation to anyone else.This quote is hidden because you are ignoring this member. Show Quote
If you count a car as a liability you might as well call a house one too given the cost to upkeep and property taxes...
Sounds like beyond needs an intervention.
I'd argue that the house you live in is not an investment. I view mine is a liability.This quote is hidden because you are ignoring this member. Show Quote