Vivian Tu
👤 SpeakerAppearances Over Time
Podcast Appearances
Yeah.
So house, yes.
Car, no.
I feel like unless you are buying one of like the six McLarens they made this year, your car is not an investment, right?
Those super cars, the only people that have access to even purchase them aren't considering them as investments, but they may double in value because people are dying to get them.
No one is dying for your base model Lexus.
My Toyota Corolla Cross Hybrid.
Right.
Literally.
Right.
Like, nobody is dying for that.
If you buy a new car, as soon as you whip it off the lot, down 10%.
Just immediately.
Just because you touched it.
That's your car now?
Down 10%.
In the first three to five years, that's generally where you're going to see the most depreciation.
And by year five, that car could be worth like half of what you paid for it.
Yeah.
Unless there's some freak scenario of there's some sort of shortage and like now used car prices are going up.