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 How much salary to afford 260k car?

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prophetjul
post May 28 2019, 02:18 PM

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Depreciating asset. Unless you buy it under a crony company, it's not worth it.
prophetjul
post May 29 2019, 08:30 AM

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QUOTE(shaniandras2787 @ May 28 2019, 04:01 PM)
tell this to Bobby Ang and he's willing to take you to Europe and back just to argue that a car has the same utility as a house

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What's it being a utility got to do with a depreciating asset?
prophetjul
post May 29 2019, 10:21 AM

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QUOTE(shaniandras2787 @ May 29 2019, 09:25 AM)
there was a video he made sometime ago ranting about people complaining that cars are depreciating assets therefore should not be favored over real estates - he disagrees with these people and citing his own logic to back up his stand.

couldn't remember exactly which one but i think it's the one he made subsequent to the XC90 review.
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I see. Cars are generally depreciating assets unless they become antiques or collectibles.

prophetjul
post May 29 2019, 11:25 AM

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QUOTE(MasterConfucion @ May 29 2019, 10:40 AM)
if i buy car i don’t consider it asset but as a toy so the money i put in is only measure in terms of entertainment.
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Expensive toy. biggrin.gif

 

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