So to preface this, I currently live in the city and don’t use my car very often except when I’m back at my parents where it’s kept. The car is a pretty high end car yet older so it’s value has very much stabilised in terms of depreciation. I do love the car so much and it does put a smile on my face when I drive it (that’s the difficult part here)
With the market being down so much, if you were in my position where you didn’t need a car and could free up $40,000 of funds to invest say $35,000 and have $5k left for a cheap runabout car…would you do it?
I think id regret either way but my thought is that I could invest that money and in 5 years it be worth 2 times as much…even 25% more would be very appealing…idk what to do because it’s a great car and it’s nice having it and keeping the miles off it but this market is so tempting especially when I don’t need a car.
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