Buying a Car Might Be Your Worst Investment Ever

Man standing next to his newly purchased Mercedes carInvesting is all about expecting a return, both in time and money. We invest our time in activities we find valuable or that we believe will benefit us in the long run. Similarly, we invest our money expecting to gain from it eventually. Despite the benefit of mobility, purchasing a car consumes a significant portion of our savings. Additionally, a car is one of the most rapidly depreciating investments, especially when looking at its residual value. A car stands as one of the poorest investments. Yet, for many, the convenience and independence a car offers outweigh its financial downsides.

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