A quick lesson in finances: anything that depreciates in value isn’t an investment.
Your car depreciates the day you drive it off the lot. If you took out a $30,000 loan to buy a brand new car, then tried to sell or trade it, you would not recover the full $30,000 and would end up owing the bank,
If you can’t afford to buy a new car, don’t try to justify the purchase by convincing yourself it’s an investment. Even if you pay for the car in full, it’s still not an investment.
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