The number one wealth killer for most people is buying a new car.
You basically throw money away to depreciation. You lose 15-20% by just driving it out of the dealers shop and another ~40% of the car’s value in the first three years.
A used Toyota Corolla is amazing.
Facts
Then you have to pay maintanace and insurance and road license. And in return you get to waste your time in traffic.
Idk about a car.. Only if you need it, or if it makes you happy.
Yes! Thank you!
Don't forget the insurance costs...
I very likely would have needed more than 2 cars in my lifetime (so far) if I'd have bought them used driven by god knows who in the vehicles early miles.
