Oh my god why do people think cars retain their value? They depreciate immediately when you drive them off the lot. Cars are not houses people, they do not appreciate in value.
Yeah, the one saying that was claiming that after your initial deprecation after driving off the lot, trucks tend to hold their value for a long time. So might as well.
He’s also the guy that’s last minute panicking about saving for retirement in his 50s.
Oh my god why do people think cars retain their value? They depreciate immediately when you drive them off the lot. Cars are not houses people, they do not appreciate in value.
Yeah, the one saying that was claiming that after your initial deprecation after driving off the lot, trucks tend to hold their value for a long time. So might as well.
He’s also the guy that’s last minute panicking about saving for retirement in his 50s.
Go figure.
Just tell him to sell his truck, sounds like that’s a retirement plan!