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Financial Freedom: Rule #2.1
The 10-YEARS Rule:
This rule has to do with the decision to buy new vs. used. Used Car: Pros. It's relatively more affordable. For obvious reasons, second hand cars are more affordable compared to brand new vehicles. ... Insurance rates are lower. Due to depreciation, the insurance rates for second hand cars are lower. New Car: If you want to maximize your car’s value, you should either buy used, or buy new and drive the car for 10 YEARS. REMEMBER: This rule consider the depreciation value. Depreciation: a reduction in the value of an asset with the passage of time, due in particular to wear and tear. NOTE: If you buy a new car and keep it for a decade, you’ll have optimized its value and the depreciation won’t matter as much. Related Articles about Financial Freedom: Rule #2: https://read.cash/@Great_Influence/financial-freedom-rule-2-21e8a5bb Rule #1: https://read.cash/@Great_Influence/financial-freedom-rule-1-ffd81184 Please consider: Subscribing Like Comment Thanks for Reading!
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I want a used car, but not that used that is need repair Everytime i go to work 😂✌️ and i will save more money to buy a new one 😁, I'm just saying whatever comes in my mind, i dont know if its related to your topic ✌️😅
You have a good point there Ruffa. In this time we need to be more practical. Instead of buying new why not buying second hand. But make sure it is usable for years like what you proposed. Thanks for your feedback.
Yes yes, thank you thank You 😁😁
You're always welcome.
Please consider checking my other articles: Cryptocurrency: https://read.cash/@Great_Influence/cryptocurrency-is-the-future-b72cf5e3 Read Cash Fund: https://read.cash/@Great_Influence/read-cash-fund-part-2-bae4f797