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Old 06-11-2016, 07:36 PM   #24
sourdough
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Join Date: Feb 2014
Location: W. Texas
Posts: 17,671
The conversation about a vehicle being an "investment" is sort of off point.

When you buy a car/truck, RV, boat, timeshare etc. it's not an investment unless you believe it has the possibility of increasing in value. All of the above don't. Therefore, they are an expenditure you make to invest in your "pleasure", "fun time" etc.

An "investment" is what you do with tangible things that appreciate in value; ie: stocks/bonds (no, they don't anymore) but more importantly, real estate.

RVs, boats and other toys should be bought knowing that they are depreciable toys and they only go down in value from the day you buy them. I've posted this before; use them, get your moneys worth and give them away. You get everything you hoped from whatever it is you bought, you make someone's day by giving them a gift and you remove yourself from the costs of maintenance etc. of whatever it is. Then, you can move forward and buy ANOTHER money pit!!

Note: the term "give them away" is used loosely. Maybe not literally give the toy away, but more don't fret about getting max return (particularly on boats/RVs); especially if it's given back to you what you had hoped to receive. I hope that makes sense........sort of
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