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Is a car luxury or an asset.
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[QUOTE="IamDozzy, post: 82908, member: 28928"] A Car can never be an asset because it depreciates with time. It is considered a luxury because people can do without them by taking a public transport. Let me explain what I mean by depreciation, if one buys a car for like $2000 and use the car for like 2 years, you cannot sell the car for $2000 again rather you would sell for like $800 due to it mileage and all. [/QUOTE]
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