Quote:
Originally Posted by OllieAuto
As much as I have enjoyed buying cars when they are brand new, I have to say that they are some of the most piss poor investments I have ever made. I didn't plan on buying a used TSX but I'm glad I did. Buying it used allowed me to pay for it in cash (and to not take such a big hit in depreciation). As exciting as it is to buy that new model when it first comes out, I really don't think I will buy a brand new car again. If nothing else, reading some of the astronomical monthly payments in this thread has strengthened my resolve.
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Dude something that depreciates is never an investment. Investment is a house, land, gold. That always bug me. People that consider a car an investment.
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"He who exercises government by means of his virtue may be compared to the north polar star, which keeps its place and all the stars turn towards it"
2007 Acura TSX 6spd non-navi.
Ding on the hood
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