an embarrassing number of people believe cars are assets
even (and especially) brand new cars are a liability the moment you drive them off the lot
Discussion
Cars ARE assets. Most of them depreciating, older ones appreciating. But they are an asset. It's a physical item that can be sold to someone else.
the personal freedom, utility and value that a well-maintained car holds, used for personal use or business, IMO does not outweigh the depreciating nature of virtually all cars, that they need constant maintenance and surprise repairs, insurance, registration fees, taxes…
and then there’s the price of gas 🤣
I am currently carless and have a month or less to figure out a car situation should I continue being a nomad in Cali. For about a half a year I rented a friend's car for very reasonable cheap price in exchange of running some errands on it while he was abroad. Starting to feel pressure as to how to approach getting on wheels shortly. Suggestions?