Joielesin

Obviously having a well maintained, well functioning vehicle is an asset, especially if that vehicle serves to provide a particular function beyond transportation, or is absolutely necessary for transportation (as in areas without establish mass transit systems). If the vehicle operates efficiently, much the better. But despite the obvious advantages of owning such a vehicle, they remain a poor choice from strictly investment point of view.

Unlike certain other large purchases, automobiles do not increase in value over time. In fact, they don’t even maintain their original value, no matter how well kept the vehicle is. The moment the sale transaction takes place, your expected resale value falls well below the price you just paid. While the vehicle is losing resale value at a steady rate, you’re also spending money to maintain it. Routine maintenance itself won’t stave off depreciation, and typically even improvements you may make to the vehicle lose their value as quickly as the car itself.

Because depreciation is usually indexed based on the car’s value the previous year, buying a new car is the worst choice, from an investment standpoint. High-end luxury vehicles are among those that perform most poorly when it comes to depreciation of value.