3 ms·
Cars aren't really 'assets'. They are consumer goods that may or may not have some resale value, but it's a mistake to think of them as a store of value, or (ou
by bradleybuda 12y ago
Cars aren't really 'assets'. They are consumer goods that may or may not have some resale value, but it's a mistake to think of them as a store of value, or (outside of rare cases) as something that might appreciate in value.
- sliverstorm 12y agoCars are assets. Depreciating assets, yes. But assets. They are an economic good that produces value (travel). Remember that an asset is not the same thing as a store of value. A store of value can be an asset, of course.
- Goladus 12y agoCars also have some value as shelter and storage.