Car: the 2nd biggest investment???

**usokpower** · February 8th, 2004 11:12 PM

WHy do we say buying a car is the 2nd biggest investment a man can make? I think it should be, "the biggest EXPENSE a man can buy"

After buying your brand new car and once it goes out of the dealership, it automatically depreciates at 20% di ba? So wheres the investment in that?

Unlike house and lot once you get one and after time progresses the value of the said house and lot appreciates and you get your return on investment.

**mbt** · February 8th, 2004 11:41 PM

...and the first biggest investment would be a wife, i suppose?

hehehe

**empy** · February 9th, 2004 12:03 AM

i agree...unless you were living in the 80's and dealing in classic cars where for a short time, prices were actually going up for certain cars like antique ferraris.

house is of course first, along with a business (if you're a businessman)....second, at least for me, would be an education (bachelor's and master's)

mbt, wife is not an investment either - pure expense lang, hehe ;) (kidding of course)

**ghosthunter** · February 9th, 2004 12:56 AM

actually buying a car means security and transportation that we need today.

My future father-in-law almost got held-up today because he was riding a jeepney on the way home. Daily we hear stories where hold-ups occur on PUVs stealing wallets, purses and celfones.

**MAXBUWAYA** · February 9th, 2004 01:52 AM

yeah car is all about expenses not investment

**Djerms** · February 9th, 2004 07:54 AM

I agree...
my dad used to say that a car, no matter how hard you maintain it, depreciates...buy a house!

**MAXBUWAYA** · February 9th, 2004 09:31 AM

kaya kahit anung aksesories ang ilagay mo pag binenta mo iyan 2nd hand pa din! napakaliit na value ng aksesories. buti pang alisin mo na lang

**badkuk** · February 9th, 2004 09:53 AM

you can't live in your car, dudes...the overnight parking fees would kill you B).

unless i pang business mo ung ryd, then it's just an expense...and accountants usually consider cars as an expense(to avoid the calculations for depreciation)

**coiter** · February 9th, 2004 10:03 AM

a car may also mean an investment since you us it for other beneficial means. like transportation of goods, people, etc. u don't directly profit from it with its sale or market value, but u generate "income" by means of ease of transport, mobility, safety, prestige, etc. it can't be quantified, but its felt in a lot of ways. it doesn't become an investment once you don't use it or you simply wreck it. similar to any manufacturing equipment. these things are bulky, expensive, hard to maintain, depreciate fast and not easily disposed of. but since it is used to produce goods for income, it is considered an investment.

i think the saying that "a car would be your 2nd biggest investment" is true since, as you say it, costs a lot to purchase and maintain, 2nd only to your house. But admit it, u use it daily and whenever u see people stranded by the roadside waiting for a crammed jeep or bus just to get home while raining, u say: "buti na lang may kotse ako." now that's your "investment" earning for you.

**kimpOy** · February 9th, 2004 10:04 AM

totally agree with you guys, cars are mechanical they wear out,
kaya nga ako i hated when my dad never uses his W123, pini preserve daw niya, sabi ko naman ...preserve??? hanggang kailan??? to me a life of a car is up to 8 years, then benta then buy another used but not that old one.