The average new car loses 10% in the first month after buying it. It loses over 20% in the first year.
The theory behind this is that you’d only be selling a slightly used car if it was a lemon. The exception to the rule is resellers who already have a buyer lined up when they take possession of the vehicle.
But because Musk-o-philes are all Bitcoin brained and cannot conceive of prices ever going down, they’re routinely shocked to discover that cars are for driving and not for speculating.
No, I’m not eating $2000 worth of fast food, I’m investing. People will pay 10x that for recently deceased human organs, and I’m using my money to unlock that earning potential
The theory behind this is that you’d only be selling a slightly used car if it was a lemon. The exception to the rule is resellers who already have a buyer lined up when they take possession of the vehicle.
But because Musk-o-philes are all Bitcoin brained and cannot conceive of prices ever going down, they’re routinely shocked to discover that cars are for driving and not for speculating.
Anything’s for speculating if you’re dumb enough.
No, I’m not eating $2000 worth of fast food, I’m investing. People will pay 10x that for recently deceased human organs, and I’m using my money to unlock that earning potential