JkMwatha wrote:Considering resale value when buying a car is smart thinking.
This is obviously different from buying a TV, a fridge or a loaf of bread.
@JkMwatha - I see your logic and there is no harm in that. I do a bit differently, I apportion my investments funds, liquid cash and future strategies to a different account; When buying a car, I consider it an expense, for my personal use and convenience and FORGET about its original (soon to deteriorate) value. Thus the only consideration then is availability and cost of parts, service, its utility and reliability. But thats me.
Let me pose this question. If you acquired a house (to live in - very key) in a nice neighbourhood, say South C, for about 14 mill, and then after some 3-4 years the value jumps to 22 mill, would you sell the house and consider the 8 mill profit, knowing you could never get a similar house in a similar location for the old price?