
Why Leasing a Car Is Like Lighting Money On Fire
The Personal Finance Podcast
00:00
Buying a Car Is a Bad Investment
Most cars, 99 % of cars, depreciate overtime. They are bad investments because they are d cating assets. When you want to build wealth, you want to put the majority of your money in assets, not liabilities. After one year, this is where cars really take big hits. Do not use the times that we are in right now to classify what's truly happening and what has historically happened,. Because it is not going to last.
Transcript
Play full episode