Car: the 2nd biggest investment???

[usokpower]

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]

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

[empy]

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]

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]

yeah car is all about expenses not investment

[Djerms]

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

[MAXBUWAYA]

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]

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]

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]

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.

[hens]

sa Taiwan, investment yan para sa professional thief or swindler..
hehehe..puros naka BMW & MB'S yan....(kung bulok nga naman yung kotse mo...wala kang maloloko!) :D

[empy]

Originally posted by hens
kung bulok nga naman yung kotse mo...wala kang maloloko!

oo nga no...but by the same logic, a nice car is an investment for another reason - para makaloko ng chicks!! hindi cash ang returns mo, kundi something else :naughty:

[greenlyt]

Very well said coiter... and i agree with you.. pero may konting downside yan... lalo na pag napadaan ka sa malalim na baha and tumirik yun kotse mo tapos d mo maiwan kotse mo... sabay may dadaan na PUV... nakita ka ... sasabihin nun nakasakay sa PUV: "buti na lang wala akong kotse....."

[usokpower]

also, car can easily be stolen ang house pwede mo lang manakaw if you have its original title.

[bardigones]

Originally posted by badkuk
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)

try overnight parking in Park Square 2 -- P20.00 lang 6pm to 6am yata....



i think a car is no investment. but in the 80's when car dealers were being closed by FM, car's prices went up. A (brandnew) box-type lancer that cost P30k went as high as P120k (2nd hand) a few years later...

[edzzz]

its a different kind of investment, its like investing on your health, security....
just my 2 cents

[badkuk]

bargidones::try overnight parking in Park Square 2 -- P20.00 lang 6pm to 6am yata....

really? no kidding? o baka naman kelangan mo magpa member pa(na me annual fee)?

[bardigones]

no kidding.

inde na kelangan member. lagi kami dito ng wife and baby ko, after office... parksquare2 near landmark ha, hindi yung sa may Dusit...

[ian_rex]

i beg to differ, but in my opinion, a car is number 1 biggest liability. since a car (except for those luxury sports cars) depreciate 25% of its value the moment you drive it out of the dealership. but of course, a car is also an asset. imagine you don't have to cram with people in the MRT/LRT/PUV's nor worry about how to get home after "gimmick"...

[Karding]

Biggest Investment for your credit report/Credit history before buying the 1st biggest investment, the HOUSE.

Specially applicable to the US of A.