A car is not an investment. It goes down in value.
Sure, there are rare, classic cars that some very wealthy people collect… but that’s extremely rare and uncommon for the average person… just like how used car prices went up over the last couple years — that was an anomaly due to supply chain issues, and it won’t last.
If you want to be financially stable, a good rule of thumb is to not let the combined value of anything you own with a motor in it be more than 50% of the amount of your annual income (boats, lawnmowers, etc are included too).
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