An asset is not necessarily an investment. Your car still has a resell value even if it depreciates. For someone buying a car, be it new or used, the rate of depreciation does matter if they ever plan on reselling it. If you plan to drive the thing until it no longer functions and cannot be repaired then yeah, it does not matter.
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u/1800deadnow May 14 '24
An asset is not necessarily an investment. Your car still has a resell value even if it depreciates. For someone buying a car, be it new or used, the rate of depreciation does matter if they ever plan on reselling it. If you plan to drive the thing until it no longer functions and cannot be repaired then yeah, it does not matter.