Quote:
Originally Posted by Ill
You're correct. I never should have used the term investment, because I know it is not one.
Finally we agree on something MMC!  |
If someone wants to get philosophical about it, a car required to get to work could be considered an investement as the end result is a paycheck (as an investment is always in the pursuit of profit). The government recognizes this for businesses by allowing depreciation and mileage allowances.
A pleasure car is another story.