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For investment purposes cars beat booze and hookers but not much else. Not going to touch the live hard die fast stuff.
There is a current study showing more than 70% of American households would be incapable of handling a 1000 dollar cash emergency. When you think about the houses people live in and the cars they drive it's fairly obvious there is a whole lot of people out there living beyond their means largely through debt.
There isn't any shame in letting someone else take the depreciation hit and getting a clean low mile used example. No crushing debt and you're driving the same car anyways. I'm saying this because reducing depreciation is a smart choice for anyone but taking the full hurt is only a smart choice if you can genuinely afford it. I'm thinking 70% of American households should be looking used.
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