Soli said:You're looking at this from your specific vantage point. There are people that are time-poor but money-rich where a used car (usually with no warranty) won't work out for them as a financial investment. If you have pricer automobile (under warranty) that needs servicing you get much better service which leads to more downtimeII don't have a vehicle that anyone would call cheap by any means but I don't get a white glove service where they'll either send out a mechanic to my house or have the vehicle picked up with a spare brought to my house and my possessions transported to the new vehicle along with all my settings switched. I have to drop it off myself, what for them to drop me back home or get a ride, and then wait for them to call me. And that's under warranty… and I'm doing that this week for a rattle on a 2019 vehicleIf I had bought an older vehicle I'd have to find a service service and then pay out of pocket. I'd rather not waste my time with that. I can't even work on modern vehicles. I also have an old, pre-computer, off-road vehicle that mostly sits but it does run. I can repair everything on that truck because it's simple. I can mostly picture every part of that vehicle, including the bolts holding it together. That's never going to be the case with my current vehicle… and I have extensive knowledge of automobiles. If I were someone with no automotive experience but wanted the most reliable vehicle then a bumper-to-bumper under warranty for 3 to 5 years wouldn't be a hard sell. That peace of mind is also an investment.
nht said:A 10% drop is large but 5% went up and 5% went down and 52% isn't "eradicated".
nht said:You have to have capital to invest and higher rates of return incurs higher risk. Which is why most of those "cheap" loans are secured by physical objects like your house or car. The risk to lender is lower.Can you take a low interest mortgage and invest the difference? Yep. Could you do that in 2007 and not lose your house in 2008 if you also took a big hit on income? Ask the families that owned houses lost to foreclosure.
nht said:It's not like they are going to give you 10 years at 0%.