Did you know a new car loses 10% of its value as soon as its driven off the lot?
Is a car an asset or a liability?
A thread
#FinanceTwitterJa
An asset is defined as “a useful or valuable thing.”
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The convenience is worth something, but is it worth $200k?
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A. Consider purchasing an older vehicle. A vehicle that’s even 1 year older will not decline in value as fast as a new car.
B. Always keep your vehicle well maintained.
C. Ensure you have adequate insurance coverage. 14/
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Visit my article on this here financialcentsibility.com/is-a-motor-veh… #financetwitterja 16/