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Owned property is either an asset or a liability. Vehicles are always a liability with the exception of very few makes and models over the years. One can invest in
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#31 (permalink) |
A True Z Fanatic
Join Date: Mar 2011
Location: Austin, TX
Age: 44
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Owned property is either an asset or a liability. Vehicles are always a liability with the exception of very few makes and models over the years. One can invest in a vehicle and get value out of it, but the vehicle is still a liability in a financial sense.
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