Quote:
Originally Posted by MrBonus
Have you used the "appreciating asset" angle with her? While I have never viewed cars as an investment, it's easy to justify it when you can sell the car for more than you have into it.
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I keep trying that on the old lady, and she isn't biting - even though it is true, to an extent.
The car I paid $17.5k for in 2012 is probably worth closer to $25k now, though I have invested…err…spent around $2500 on it in the interim. All she sees is the $2500 -- not the unrealized capital gain -- which is at best uncertain.
Perhaps a better option is pricing Honda Accords…or late model BMWs…and she will realize what a bargain the cars really are.