20 sats \ 3 replies \ @TomK OP 7 Aug \ parent \ on: Consumer Debt in the US Hits Record $17.8 Trillion in Q2 2024 news
I think that many people may have put off investing in a new car because of the high interest rates, which are now coming down a little and may now have to strike out of pure necessity
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47 sats \ 2 replies \ @Satosora 7 Aug
Its not investing in a new car when you buy a depreciating asset.
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20 sats \ 1 reply \ @TomK OP 7 Aug
yes i know the wording is a bit wrong. and investment is when the car is used commercially, but in my opinion also when you use it to get to work. otherwise it is of course private consumption
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47 sats \ 0 replies \ @Satosora 7 Aug
Its still a depreciating asset. A new car is never worth buying, just buy used.
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