[wyy183]

The term "investment" is generally associated with an appreciating asset. However, many of us learning in the past couple of years that you can have an investment that is a depreciating asset as well. Anyone with a 401K took a hit, right?

An automobile, truck, motorcycle, snowmobile, etc., are, for the most part, depreciating assets (exceptions are made for rare collectibles, etc.) The rate of the depreciation determine the quality of that investment. This also applies to household appliances, furniture, and other such purchases that we make.

These depreciating assets are investments because they impact your overall financial well-being.

I noticed some people on here who had 0.9% interest rates, yet put large deposits down. This doesn't make sense to me. Keep the large deposit, put it in whatever device you wish, and get a larger return from it. Heck, my bank pays 4% on checking.

Having thrown that out - last Friday I got my '06 TSX for $380/60 mo @ 5.19%. I will be paying $500-$1000/mo depending on: 1) my mood, 2) my checking account interest rate, 3) family birthdays/holidays, etc.