actually buying a car can be "an investment"
Depending on your job, your travel habits, and your needs.
You can go extremely economical buy a reliable small cheap car,, and it can end up being cheaper in the long run than mass transit or taxiing. Especially if you have a decent size commute a day.
Your Return on investment when speaking about cars- doesn't mean that you buy a car for 30K and turn around use it for 5 years. And sell it for 30K.
You have to factor in savings, practicality, convenience, etc etc.
you have to calculate everything into it, not just price when bought, price when sold.
I don't argue that a vehicle isn't a depreciating asset, because it most definitely is. But that doesn't mean that you the investment was a bad one.
if I take off work early one day to watch my son's ball game (when he gets of that age). I lose some pay.
But I have invested my time else where. I would still call my time with my son a great investment, even though I lost money doing it.
Food for thought.
