Re: Car Prices


"Grant Edwards" <grante@xxxxxxxx> wrote in message
news:13dgevh4o4igv02@xxxxxxxxxxxxxxxxxxxxx
On 2007-08-31, nico <nicokpe@xxxxxxxxx> wrote:

Cars are a big investment. Since buying a car is relatively a long-
term investment,

<peeve>

No they're not. Cars are expenses. They are not investments
unless you're one of _very_ few people buying classic cars in
anticipation of their appreciation.

You'd have to be dumb as a stump to think of normal cars as an
investments. Something who's value drops by 25% as soon as you
take possession and then continues to drop steadily to $0 over
the next 15-20 years could only be considered an investment by
the severly delusional.

Stocks and bonds are investments. Sometimes real estate is an
invenstment. Tuition can be an investment. Cars are just
expenses.


You're being overly harsh. The word "investment" is most commonly used as
you say - involving a financial return. But the poster's usage is not
incorrect (as looking it up it a dictionary will attest). "Investment" can
refer to the purchase of an item that yields a flow of services over a
period of time (such as a car). That is, a capital good.

Now, if you want to blast him for spamming, you'll get no argument from me.


.

Quantcast