The Hidden Value of Old Economy Cars

(Photo taken in Rome where congestion is sometimes just as bad as Manila.)

Unless you are part of the percentage that buys a car and sells it after 3 or 4 years, you'll never have problems similar to those who drive a car older than 5 years old. Depending on the brand, people usually experience problems when their car reaches 5 years. Some minor, some major but one thing is for sure -- the moment ANY car steps out of the dealership, the value depreciates. This is why an automobile purchase is never considered an asset but a liability in the books but if it will ease your everyday living or help you in your business, you can somewhat consider it as an asset in your life.

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