Re: New Car, $50K-60K
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and hes probably not even factoring in the TVM and future growth.
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thats the straight truth.
take 50K. say you buy a BMW. well, you drive it out of the lot and it had lost value. then since you are young you will be paying a premium on insurance. add in the possibility of expensive repairs and the actual cost comes to well over 50K, and you are getting an asset in return which is guaranteed to be worth considerably less than 50K.
now say you invest that 50K... you will gain money... and then you will gain money on the money that you gain... and so on.
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