Who buys a daily driver for an investment

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Do you buy a daily driver vehicle for an investment?

  • Yes

    Votes: 3 13.0%
  • No

    Votes: 20 87.0%

  • Total voters
    23

xseler

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My last 'new' vehicle was bought Sept 2018. It was a 2005 Camry with 48,000 miles.

Next to the last 'new' vehicle was actually new. Bought a 2017 Ford Escape Titanium with 39 miles that was completely loaded In Jan 2018. Sticker was almost $38,000. Paid $24500. This was the first time I've driven an absolutely new vehicle off a lot and was 'right-side up' in vehicle value!

I bought a '96 Lincoln Continental in 1998. Sticker in the glove box showed $51,xxx. Paid $13,800. Was a great roadtrip car! The deals are out there if you are patient and know how to look for them.
 

filbert

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What do you mean by "investment". No new car is a good investment. Never pay over 70% NADA for a used car or truck. Ok, the math, NADA says $10,000, pay $7000. Anytime you spend money it is an investment. House, land, car, clothes, WOMEN, booze, you name it, it is an investment. Think before you spend, I do, because I have worked hard for everything I have earned and want my moneys worth. lol I was raised by a depression era cotton pickin Daddy!
 

dennishoddy

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An investment is supposed to bring you a return on the money you spent; vehicles are, with very few exceptions, depreciating assets, which is about as opposite as you can get from an investment.

Unless you buy cheap, drive a zillion miles back and forth to work for long distance daily with a vehicle that is almost triple the mileage vs the daily driver. Over the years, that investment will pay back, or break even. It’s not a huge way to save money though.
 

SoonerP226

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Unless you buy cheap, drive a zillion miles back and forth to work for long distance daily with a vehicle that is almost triple the mileage vs the daily driver. Over the years, that investment will pay back, or break even. It’s not a huge way to save money though.
If you drive a zillion miles, you're destroying the value of the vehicle, so it's still not an investment.

At least it's not a good investment.
 

soonerwings

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Meh. Depends on how you use the word. This screen shot is from a google search for “investment definition.” If you use the vehicle to make money, it’s an investment. Large corporations invest in infrastructure/production equipment without intention of selling the purchased goods/equipment for a profit.

491b70d39eab7f80d7f44651ead2090a.jpg



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