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Forum » If you refer to a car as a "depreciating asset" I have some bad news
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Thread: If you refer to a car as a "depreciating asset" I have some bad news

post 1624366611 12-03-2020, 08:40 AM
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If you refer to a car as a "depreciating asset" I have some bad news

You are a beta poorcel with a severe confidence deficit. Possibly autistic.
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post 1624366791 12-03-2020, 08:43 AM
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It is by definition a deprecating asset.
post 1624366801 12-03-2020, 08:43 AM
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A depreciating asset is an asset you can deduct taxes for but which is in fact appreciating. A real depreciating asset is not an asset.
How to lose fat for Noobs: http://forum.obnoxiousbrutes.com/showthread.php?t=129247741
post 1624366921 12-03-2020, 08:44 AM
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OP's Prius is a capital asset
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post 1624366961 12-03-2020, 08:45 AM
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Yeah fukkers call my Rambo Lambo a depreciating asset one more time. I swear.... *******s



Spoiler!
Was <$100k will be $1M+ in a few more years... wish I got one before the run-up srs
Posts are for fun, not to be taken seriously or as truth.

Angie Varona Appreciation Club Founder
post 1624366971 12-03-2020, 08:45 AM
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Originally Posted By wave_length⏩
A depreciating asset is an asset you can deduct taxes for but which is in fact appreciating. A real depreciating asset is not an asset.
An asset is anything you can liquidate for cash. A PS4 is an asset.
post 1624366991 12-03-2020, 08:45 AM
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From the sound of it OP just traded his ford focus in for an Escape. GJDM
No man is your friend
No man is your enemy
Every man is your teacher

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Lol @ Tradies Srs
AP4 crew
post 1624367031 12-03-2020, 08:46 AM
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OP's a depreciating *******
post 1624367051 12-03-2020, 08:46 AM
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#9
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I drive a range velar. Love the car but it IS depreciating asset. Even though not by much but it is. Who cares. I make good money.
<3 Deephouse <3
post 1624367071 12-03-2020, 08:47 AM
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I remember the "car meetup crew" from my local high school. Even after they graduated, they would dump all earnings they made into car modifications. Literally living at home and paycheck to paycheck because of the car obsession. I used to think it was crazy, but I look back at it now and realize those kids had 10x as much fun and life experiences as I did. They are also probably doing just as well, if not better financially than I am at this point, a decade later.

I suggest everyone read the book "Die with Zero", by Bill Perkins. It completely shifted my mindset on how to spend money from early twenties all the way through your old age. Spending should actually be shaped like a curve
post 1624367081 12-03-2020, 08:47 AM
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Originally Posted By Rajc⏩
dunno how to say it in english aber ja du hast recht, ich finde es auch immer lächerlich wenn man bei inserierten autos liest, wie der eigentümer "$XXX investiert hat, belege vorhanden!"

bro du hast nichts investiert, du hast es ausgegeben JFL
Ist halt Autoverkäufer-Sprech.
How to lose fat for Noobs: http://forum.obnoxiousbrutes.com/showthread.php?t=129247741
post 1624367151 12-03-2020, 08:49 AM
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jakes on you I have a jeep

will be making money
Subscribe for extra premium content (no noodz sorry guys)
post 1624367281 12-03-2020, 08:51 AM
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Originally Posted By Frank
An asset is anything you can liquidate for cash. A PS4 is an asset.
Correct of course, I was just exaggerating towards the investor's perspective.
How to lose fat for Noobs: http://forum.obnoxiousbrutes.com/showthread.php?t=129247741
post 1624367401 12-03-2020, 08:53 AM
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Originally Posted By wave_length⏩
Correct of course, I was just exaggerating towards the investor's perspective.
In that context isn't depreciable more accurate?
post 1624367451 12-03-2020, 08:53 AM
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Lol at being an insecure loser that needs a marketing agency to tell him when to buy a car and feel cool for doing it srs


Go buy your 2020 whatever model and justify it how you want. I'll continue to buy rental properties. One path makes you look wealthy to others, one creates actual wealth.
post 1624367811 12-03-2020, 08:57 AM
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Originally Posted By Frank
In that context isn't depreciable more accurate?
Yes. The older the car the lower the value and less depreciation able to apply.
Posts are for fun, not to be taken seriously or as truth.

Angie Varona Appreciation Club Founder
post 1624367821 12-03-2020, 08:58 AM
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It is a depreciating asset though lol

I mean rich people even refer to it as such as well.
post 1624368091 12-03-2020, 09:00 AM
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Originally Posted By Frank
In that context isn't depreciable more accurate?
Yes.
How to lose fat for Noobs: http://forum.obnoxiousbrutes.com/showthread.php?t=129247741
post 1624368221 12-03-2020, 09:01 AM
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Op is leasing an Acura
Not in the AM
post 1624368281 12-03-2020, 09:02 AM
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Originally Posted By meanstringbean⏩
Lol at being an insecure loser that needs a marketing agency to tell him when to buy a car and feel cool for doing it srs


Go buy your 2020 whatever model and justify it how you want. I'll continue to buy rental properties. One path makes you look wealthy to others, one creates actual wealth.
If you spend your life accruing income sources, you are a beta poorcel.

No matter how rich you get you will always be impoverished by your mindset.
HTC
Proud Dad crew
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post 1624368431 12-03-2020, 09:04 AM
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It is a depreciating asset by definition but that doesn't mean you shouldn't buy it. Almost everything we buy in life is bought not with the expectation of appreciation in monetary value.
Misc Crypto Crew
BTC to $200k
post 1624368671 12-03-2020, 09:07 AM
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richest guy in my family drove like an 06 Camry until he retired and then got a 3 series. Net worth 8 figures easy. It's actually quite the opposite, it's usually poorcels spending money on cars they can't afford.
post 1624368831 12-03-2020, 09:08 AM
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Originally Posted By Peacening⏩
If you spend your life accruing income sources, you are a beta poorcel.
No matter how rich you get you will always be impoverished by your mindset.
Not true at all. The question is not whether you can have a nice car or not, the question is how much of your time/freedom are you willing to give up for it. If you're rich, you can have all the cars you want and not give up anything.
How to lose fat for Noobs: http://forum.obnoxiousbrutes.com/showthread.php?t=129247741
post 1624369181 12-03-2020, 09:12 AM
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Originally Posted By meanstringbean⏩
Lol at being an insecure loser that needs a marketing agency to tell him when to buy a car and feel cool for doing it srs


Go buy your 2020 whatever model and justify it how you want. I'll continue to buy rental properties. One path makes you look wealthy to others, one creates actual wealth.
not sure how those two things are mutually exclusive. plenty of wealthy people own a fleet of super cars... and if its not super cars, its boats, or jets, or whatever the **** they like.
post 1624370131 12-03-2020, 09:23 AM
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Depends.

You can slow the rate of depreciation by maintaining it properly. IE garaged, not driven in rain, snow, and high sun.

I been telling yall peasants that for the past 3 years.
*Catholic Crew*
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post 1624370231 12-03-2020, 09:24 AM
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Originally Posted By Frank
An asset is anything you can liquidate for cash. A PS4 is an asset.
Are you doing straight line depreciation on your PS4?
post 1624370361 12-03-2020, 09:26 AM
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Originally Posted By Peacening⏩
If you spend your life accruing income sources, you are a beta poorcel.

No matter how rich you get you will always be impoverished by your mindset.
Mental gymnastics to justify having no ambition
No sig crew
post 1624370421 12-03-2020, 09:26 AM
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Originally Posted By MuscleXtreme⏩
Are you doing straight line depreciation on your PS4?
I don't have a PS4 but if I did it would simply be lumped in with my Cash and possessions portion of my net worth calculation. TV's, tools, jewelry, furniture, etc. If I owned say, 300 PS4's it would be significant.
post 1624370681 12-03-2020, 09:29 AM
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Originally Posted By meanstringbean⏩
Lol at being an insecure loser that needs a marketing agency to tell him when to buy a car and feel cool for doing it srs


Go buy your 2020 whatever model and justify it how you want. I'll continue to buy rental properties. One path makes you look wealthy to others, one creates actual wealth.
It’s not that hard to snowball up to owning a 100k car with only putting $10k down, with a car trade in value of $80k. It might take 15 - 20 years, buts completely possible to do so and still have a $250/month payment. The hard part in doing so is getting your initial vehicle since that will require the most upfront money and largest monthly payment. After that, it’s making sure that you can get $10k for a down payment while your car has x value.

That’s what I’m doing. $250/month payment doesn’t really matter to me, so why not have a nice vehicle?
post 1624370851 12-03-2020, 09:32 AM
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