At Face Value, a Car is Probably Not a Great Investment, Here’s Why
When it comes to investing, many times, you’ll find that for any given idea, ...
When it comes to investing, many times, you’ll find that for any given idea, there are a lot of people who will be chomping at the bit ready to sink their money into it and try and turn that some of cash into an even bigger sum of cash. While investments can range from aggressive and risky all the way to the safe ones that will help slowly grow your money, there are some that most people would look at and kind of laugh off. In the vast majority of cases, a vehicle might be something that may be worth looking in the other direction from when you’re looking for a good investment, however, in this video, Rob Ferretti tells us why exactly even the more valuable vehicles might not even be a good investment.
In this one, Rob gives us the whole rundown of generational ties with certain vehicles and what exactly it is that makes a vehicle worth a good amount of money that has appreciated from its former value. Essentially, what he ends up saying is that even if you do get the formula figured out and can kind of figure out what vehicles might be appreciating in the future, it can be really tough to pick out just the right vehicle that’s going to make a good amount of money and at the end of the day, it might just not be worth it to purchase a vehicle solely as an investment. On the other hand, if you just so happen to be a collector and like a car enough to pick it up and figure that maybe one day you’ll get rid of it for profit, that’s a whole other idea entirely but don’t bank on it.
If you along in the video down below, you’ll be able to get Rob’s perspective on investing in vehicles and trying to make a little bit of money. After listening to this perspective on the potential of a vehicle being a poor investment, be sure to share, with us, your personal experiences in this market. I’m sure that this is a pretty controversial idea in the car community so let’s hear what your take is on the concept.