How To "Invest" In Vehicles

Godsmirror

Registered Member
#1
I was talking to a fellow Focus enthuist the other day, and he said something interesting. We all know that a vehicle is the largest expense anyone can incur that actually goes DOWN in value. It's a necessity that drains us financially. What this friend does is this: He calculates how much he loses in depreciation on a car he buys, he buys one or two other ones, fixes them up a little and resells for a profit. That profit, effectively, evens out the depreciation he see's on his primary car to the point where he breaks even on it.

Pretty sneaky huh? And totally legal. In our state, if you have 5 or less cars for sale at any given time, you don't need a licence to sell them. Anything over 5 and you are considered a dealer.
 
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