I don't see what's wrong with that statement?
Most people will spend 20k on two things in their life. A down payment for a house or a car. I can't think of a third thing that will fit in that category. A car is a luxury but ppl treat it like a necessity so they will spend the 20k to get the car they want over taking the bus and buying something else.
There are depreciating assets and appreciating assets. Unfortunately cars depreciate, but we invest in them anyways because we "need" them. You're not throwing money away by any means because you're hopefully using the vehicle (and not keeping it in a bubble =) but when it comes time to sell it, you want as much money as you can get back from your depreciating investment.
So again, why not take care of something you spent a lot of money on? It makes logical sense.
We just have to moderate, let it get dirty when you don't want to worry about it, but clean it up afterwards.
Edit: it does suck though when I take amazing care of my car and a 96 Caravan rear ends me for 13k damages. =)
Most people will spend 20k on two things in their life. A down payment for a house or a car. I can't think of a third thing that will fit in that category. A car is a luxury but ppl treat it like a necessity so they will spend the 20k to get the car they want over taking the bus and buying something else.
There are depreciating assets and appreciating assets. Unfortunately cars depreciate, but we invest in them anyways because we "need" them. You're not throwing money away by any means because you're hopefully using the vehicle (and not keeping it in a bubble =) but when it comes time to sell it, you want as much money as you can get back from your depreciating investment.
So again, why not take care of something you spent a lot of money on? It makes logical sense.
We just have to moderate, let it get dirty when you don't want to worry about it, but clean it up afterwards.
Edit: it does suck though when I take amazing care of my car and a 96 Caravan rear ends me for 13k damages. =)
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