Bruh I wished cars lost 50% of their value when they drove off the lot. Have you tried to buy a used car recently?

I bought a 2015 Mitsubishi in 2018 for like 12k USD and it’s worth more now than when I got it.

That’s not usual though, it’s because of COVID. And the fact that somehow it’s fully loaded and low mileage for that price—I think that might have been a mistake.

Assets and investments are not the same. End thread

Generally true, but sometimes you get lucky: I bought a fully loaded Camry in mid 2021, heavily discounted, because it was one of the last previous year model cars they had in the country and at 0% apr for the duration of the 3 year loan. This was right before shortages started and inflation skyrocketed. As a result its value on the used market stayed over what I paid for 3 years and even now it's lost only about 10-15% of the purchase price.

Maybe if you buy a Kia. Most cars barely depreciate in the first 3 years. Once leases turn in they drop a bit, but still not to 50% of their value. Shit during the pandemic my 3 year old car was worth more than what I bought it for. Things have improved, but they’re not to pre pandemic pricing.

Kia’s and Hyundais also aren’t depreciating as badly as they used to. But they’re still pretty bad, only being rivaled by the high end luxury cars.

This is my logic too. I own my house but have been leasing a new car every year for over ten years now.

I was kind of skeptical at first but for now I think it works out for us.