QUOTE(mym123 @ Jan 26 2018, 10:15 PM)
I dont wish to know as I am not interested in diesel engine....mine is petrol and satisfied with the ride...its actually just our spare vehicles....not really interested in doing survey or whatsoever....vehicles is always a liabilities not an asset...the moment that you consider it as an asset, you actually cant afford to own that...
To say that a car is a liability is too simplistic and to say "the moment you consider a car is an asset, you actually can't afford to own" is a bit too ignorant. A car is not a straightforward liability, it is an asset but a depreciating asset. You can earn money through Uber from having a car, that means your car is an asset for you.
If you happened to have a car so rare that can be sold mutiple fold it's original price makes the car an asset to you.
So it really depends on why you have/purchase a car that'll define is the car a liability or an asset.
Feb 5 2018, 12:26 PM

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