My car that I bought was used precisely for what it was intended. And it depreciates through its life until it is no longer useful and its value is zero.
We buy lots of depreciating assets because we need them. That’s not bad, necessarily. But don’t buy a car as an investment.
I brought up food because it’s a depreciating asset. You buy it, you eat it, its value depreciated to zero. It’s not cute, just pointing out that “don’t buy depreciating assets isn’t a very useful life choice.”
