The Worst Investment You Could Ever Make?

By: ispeculatornew
Date posted: 06.12.2012 (5:00 am) | Write a Comment  (2 Comments)

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I’m not saying I’ll never do it. I sure hope that one day I have a few extra dollars to offer myself the luxry. What exactly? This

Or this

Or this

I mean seriously, what other large investment do you know that instantly drops 20% or even more from the moment that you buy it? Just try buying a car like that and reselling it (no matter if it’s to the dealer or on any type of website such as eBay?

Why do we keep doing it? I guess to some degree we have extra money and we expect that buying that brand new car will bring enough joy and pleasure to compensate for all of that lost value.

But tell me, is the investment return part not relevant when buying a car?

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2 Comments

  1. Comment by Josh @ Live Well Simply — June 12, 2012 @ 7:07 am

    A car, like any other item you purchase that depreciates in value is an expense, NOT an investment 🙂

  2. Comment by Squeezer @Personal Finance Success — June 12, 2012 @ 8:07 am

    I do not think most people buy a car as an investment.

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