Replying to Avatar Carl B Menger

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.
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Abstract Equilibrium 1y ago

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.

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