Quote:
Originally Posted by NYNick
Well, you guys brought it up.
A 5 or 6% annual increase in almost anything is not modest, key word being 'annual'. Compounding values? For cars, it's downright unheard of. And it didn't happen that way anyway. That's an 'average' increase.
Looking back, one can always do the math and find outliers. Looking forward is when it gets tough. If anyone had that figured out, they'd be rich.
As soon as you think you've got it figured out, like 3 or 4 years ago, the market will go down. Then up. Then down. Only a fool buys a car to drive expecting it to appreciate.
Buy it to enjoy it. Be informed when you do. If it increases in value, good for you. If it doesn't, who cares? You've got the car you always wanted.
|
Nick hit the nail on the head
