Official bored at work / just shooting the shit / no rails to derail thread

[Solymir]

Re: Official bored at work / just shooting the shit / no rails to derail thread

Cars are not investments. They lose their value over time. Unlike houses which will gain value over time. The only way a vehicle could be considered an investment would be if it were already a classic or the owner planned on keeping it until it became a classic and it's value went back up. However with nearly all modern cars that is an unlikely prospect. I doubt there are many modern vehicles whos value would ever rise above the initial cost. The only ones I can think of would be horribly expensive to begin with.

[Mhurron]

Re: Official bored at work / just shooting the shit / no rails to derail thread

How is a car not an investment?

"Investment is the commitment of money or capital to purchase financial instruments or other assets in order to gain profitable returns in the form of interest, income, or appreciation of the value of the instrument."

A car is a money sink. A car you use does not appreciate in value. Keeping regular maintenance might make it so it depreciates a little slower, and some brands depreciate faster or slower relative to others but it will always depreciate. Using it makes it depreciate faster.

Actual supercars might be an investment if interest in them remains high but no car you bought from a dealership is.

If you don't buy a new car because it's a 'horrible investment' you wouldn't buy a car ever. You might 'loose' less money buying used, but you are not going to make any either way. When you buy a used car, you are often buying someone else's problem. If you didn't buy it from a dealer then you are also most likely on the hook for any repairs and parts that will be needed, depending on the age of the car that could range from no problem to somewhat difficult. Buying a new car gets you a warranty and the knowledge that they're still making parts for it. Also, unless it is the first year for a new model redesign, the major bugs in the platform have most likely been worked out ad you know exactly what to expect from it.

[Omgwtfbbqkitten]

Re: Official bored at work / just shooting the shit / no rails to derail thread

"Investment is the commitment of money or capital to purchase financial instruments or other assets in order to gain profitable returns in the form of interest, income, or appreciation of the value of the instrument."

Yeah, let's limit the discussion to a Wall Street definition. That's practical.

You commit money to a car.
Having a car leads to profitable returns, as most people have to commute to a job.
A job generates income.
This (hopefully) leads to a better quality and allows you to keep various things well-maintained,
This might include, you know, the car.

Now if your job is in walking distance of your home, here's a cookie. For most of us, though, having a car is requisite. A car that reliably gets us to work can be looked upon as an investment. There are plenty of things you'd consider investments that depreciate far more rapidly than a car. Collectibles and maintaining collectibles is not always a worthwhile venture.

Ask anyone that's in sports memorabilia. Check in with those that invested in things associated with Tiger Woods. Hell, ask EA how well that last PGA game with Tiger Wood's name on it worked out. Did he prove to be a good investment this year? Ask his sponsors.

[cidbahamut]

Re: Official bored at work / just shooting the shit / no rails to derail thread

Now if your job is in walking distance of your home, here's a cookie.

I am going to enjoy the hell out of this cookie.

[Mhurron]

Re: Official bored at work / just shooting the shit / no rails to derail thread

Yeah, let's limit the discussion to a Wall Street definition. That's practical.

You commit money to a car.
Having a car leads to profitable returns, as most people have to commute to a job.
A job generates income.
This (hopefully) leads to a better quality and allows you to keep various things well-maintained,
This might include, you know, the car.

You're an idiot. The interest or income derived from an investment is from the actual investment. You can derive income from investment in the stock market you do not derive income from owning a vehicle - even if your job is to drive it around.

A car costs money, it always does. A car has nothing to do with most peoples jobs, intelligent people don't count it as generating income, because the car doesn't. For businesses that actually use vehicles to generate income, there is a reason a car is an expense and not profit generating, it's because it costs money, it never generates them.

A car is a expense, it always is and it always will be.

By your definition lunch is an investment. The jacking of you did last night is an investment. These words have actual meanings, despite your attempt to redefine them at a whim.

[DakAttack]

Re: Official bored at work / just shooting the shit / no rails to derail thread

What the hell are you talking about?

[Feba]

Re: Official bored at work / just shooting the shit / no rails to derail thread

despite your attempt to redefine them at a whim.

Wouldn't be BBQ without trying to redefine stuff instead of actually arguing a decent point.

[Cotners]

Re: Official bored at work / just shooting the shit / no rails to derail thread

A car is a liability not an investment.

[Solymir]

Re: Official bored at work / just shooting the shit / no rails to derail thread

An investment is when you put money into something and that something gives you a return on what you invested. In the "car gets me to my job arguement" the car depreciates in value over time. Saying a car is an investment is like saying my work clothes are an investment. They helped me get my job when I interviewed. They help me keep my job by making be look presentable everyday. Without them I would not have my job which gives me income so they must be an investment. However they too depreciate in value over time, and eventually will wear out to a point where they no longer make me look presentable.

Here's a tip before you defend your arguement again. Go google "is my car an investment" come back here and link us to every article that defends your point of view. So far I can't find one.

If a car were a true investment, then the more I spent for/on one the more I would get in return.

[Jarre]

Re: Official bored at work / just shooting the shit / no rails to derail thread

Unlike houses which will gain value over time.

Try telling that to people in negative equity when the housing market crashed in the Uk and is still low Houses sellinh 6 years ago for £250k are now only worth £210k thats a £40k loss.

I still think a car is an investment as I couldn't do my chosen job without it as its a necessity so if I had no car, I'd have no job. in fact granted I am being made redundant now, but to get another job the car will be a positive pawn in my arsenal o get one, so to me it was a necessary investment.

A car costs money, it always does. A car has nothing to do with most peoples jobs, intelligent people don't count it as generating income, because the car doesn't.

Well my car costs me £250 a month. My salary is £1100 a month so basically the investment in my car means I can be in profit by £850 a month to spend on what I please. if I had no car I'd have no job, I wouldn't have any money other than what the state would give me which is about £300 a month, try living on that....

The jacking of you did last night is an investment.

It would be if he donated to a sperm bank, in the Uk its £20 a shot

Are tasers legal in England? What are the laws for randomly tazing people who are bitching at you? Maybe they give you a prize?

Only the police can legally use them and its only the specially trained armed officers (of which make up 2% of the whole police in the uk) who can use them.

[Ufgt]

Re: Official bored at work / just shooting the shit / no rails to derail thread

A lot of ipso facto arguments here.

Car is not an investment.

[Feba]

Re: Official bored at work / just shooting the shit / no rails to derail thread

Try telling that to people in negative equity when the housing market crashed in the Uk and is still low Houses sellinh 6 years ago for £250k are now only worth £210k thats a £40k loss.

Yes, housing isn't a straight line up. It does, in the big picture, increase unless something very bad happens near your home. Look at gasoline-- No, it hasn't been a straight line up. Gasoline prices go up, up, up, and then plummet, and then start going up again. Usually, the price before one plummet is higher than the price before the last plummet. It goes up on average. Hence how we can go from $4 a gallon (€9 to the hogshead) back down to $2.00-- and then we start to see it creep back up.

Gas prices will crash again next time something bad happens (actually; probably something "good"; but 'bad' from the perspective of investors). At this point, this basically means "Whenever people start to look away from gasoline as a source of fuel". If a large-scale replacement of gasoline happens, it will likely plummet irreversibly. But just because there are ups and downs in the market does not mean it isn't an investment. Investments are usually fraught with risks.

Cars, on the other hand, are an expenditure. Yes, it allows you to potentially make more money. That isn't an investment. Investments have the potential of increasing in value, by themselves. Your car will probably never be worth more than the dealer sticker price; if it is, you've tricked it out in some way. Your car will pretty much definitely never be worth as much as you spend on it. Seriously, look at any used car dealership, craiglist ad, whatever. People do not sell cars at profit unless they A- sell them new, B- buy used cars well below their value and resell them at a favorable price (hence why used car salesmen seem like douchebags), C- steal the car.

Cars (and for that matter, airplanes, boats, RVs, and pretty much anything else that moves) are not an investment. If you use them at all, you are damaging its value. No matter how tip-top you keep it, parts will wear out, break, randomly explode, and so on. Even if you do all of your own repairs, it will bleed money. Even classic cars do this most of the time. About the one exception is if you keep a car in storage, and even then you have to spend time and some money preserving it. An car that isn't stored properly can wear out even faster than a car that's driven like an asshole.

And hell, the way cars are made nowadays, I'd almost classify them as consumables. They are designed to be bought, used for a few years, and then become unmaintainable pieces of shit. Planned obsolescence. If car companies still built them like they did a very long time ago, they would have far less business; there wouldn't be nearly as many people in the market for a new vehicle. For that matter, if you look at used cars, you'll often notice that things from the 70s and 80s are better off than the 90s, and the early-2000s are pretty much a crapshoot if they haven't had extensive maintanence.

[Vyuru]

Re: Official bored at work / just shooting the shit / no rails to derail thread

So... Kinda have some issues going on that I can't really talk about. Said issues aren't really that big of a deal, they just create a goodly amount of uncertainty and stress on how to deal with it all. And it's all stuff I don't have much, if any, experience in, which makes it even more fun and interesting! Though I could very well be worrying over nothing and everything will work out, time will tell.

Started learning the guitar again, music has always been good for soothing my nerves. The only problem is that I am so tired either at my break times or at the end of the day that I don't really feel like tuning and playing, also feel rather self conscious since I'm a guitar newb struggling somewhat with the more advanced fingering in FFVIII's "Breezy". I've got the first 3 lines down pretty good, but the 4th line is killing me. You'll have to forgive me if I'm not using proper music terminology, it's been.... 13-15 years since I last played the piano and I don't remember hardly any of the terminology.

[Aksannyi]

Re: Official bored at work / just shooting the shit / no rails to derail thread

They are designed to be bought, used for a few years, and then become unmaintainable pieces of shit. Planned obsolescence.

This is what I love most about my truck. My truck was made when vehicles were still built to last. I bet as long as I keep up with the maintenance, the truck will run forever.

[Feba]

Re: Official bored at work / just shooting the shit / no rails to derail thread

Kinda have some issues going on that I can't really talk about. Said issues aren't really that big of a deal, they just create a goodly amount of uncertainty and stress on how to deal with it all. And it's all stuff I don't have much, if any, experience in, which makes it even more fun and interesting!

Listen, I said I'd take care of the kid, fuck off already.

the truck will run forever.

Havana agrees.