What’s your take on add ons?

Originally Posted by JARblue 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.

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What’s your take on add ons?

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10-05-2020, 09:59 PM

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vtec to vvel

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Quote:

Originally Posted by JARblue

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.

My point exactly. From a financial aspect, a vehicle, except for certain cases, is a liability/expense, especially if your Z is *NOT OWNED* and still being financed.

On a personal level, I suppose it could be an investment towards your happiness, but this isn't going to create net worth.

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