Car-Not A Good Investment
PostedThat's true. First of all, the value of the car depreciates. Secondly, car accidents are inevitable. When you get into so many accidents, the insurance premium will go up. In other words, you have to pay more money. That's why in my own opinion, it's not really wise to buy or invest cars. I know few people who does. Hubby's friend is one. He has 3 motorcycles (Harley Davidson) and 6 vehicles altogether. Goodness! Why buy a lot when he can only use one at a time? Oh well, it's none of my business. My stepson is another. He bought a truck worth 40k. But the bank eventually repossessed it. He can barely afford the monthly payment and his insurance was sooo high because he's into a lot of accidents. Someone wisely said that rare is the driver who makes it through life without experiencing a few bumps and dents every so often. So why waste money on buying a very expensive cars? Don't get me wrong, I would also love to have nice car. Unfortunately, nice, quality and expensive goes hand in hand. There is this one car I really like. I just don't like the price. :) It's a famous brand name too. Hubby said that it's not impossible to get it after we'll buy a house. But after my two minor accidents, I'm not interested anymore. Anything cheap but reliable and brand new will do. Brand new, so I don't need to fix it as often.
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on Thursday, October 22, 2009
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