Quote:
Originally Posted by COLB
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.
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This is another problem. The purchase money was real money. The repair/maintenance money was real money. The appreciation is NOT real money. Therefore, it does not exist.
Only the expenses exist. But I don't treat the car as an investment. It's not, in my eyes. It's a machine to be used and loved for its qualities as a machine. Any increase in potential sale value is a happy circumstance.