You are correct. I mistyped in my original comment. Depreciation is ABSOLUTELY POSITIVELY UNEQUIVOCALLY an *ownership* expense. Which is why I discussed realized losses of the capital gains.
agjios
agjios
It’s not an assumption. Just because you want something to be a certain way, that doesn’t invalidate the cold hard facts.
Capital expenses LITERALLY include depreciation. Thanks for coming around and agreeing with me! I’m glad that you started using technical terms which would help me explain it to you more easily.
Depreciation is ABSOLUTELY POSITIVELY UNEQUIVOCALLY an operating expense. Because if you look at the delta of what a car costs you, depreciation comes into play. Let’s take 2 cars, and own them both for the average 7 years. If two $35,000 vehicles cost the same to purchase, are equally as reliable, have the same fuel…
No, you live a very unrealistic life. When the average American is buying a $35,000 car new over an average interest rate of 5% over an average loan term of 70 months, they could easily prioritize their children. You’re literally posting on an article that discusses how it costs over $7,000 per year to run a vehicle.
From your parents. For less than 1/4 of the yearly cost of one of their cars, they can start up this account for you.
Oh, REALLY, Captain Pedantic?! Cool can you find me a 2020 Focus for sale in the USA? How about a Taurus? Or a Fiesta? NO, you cannot, because:
Nah, the Ecosport and Escape will more than handle people who need cheap vehicles. The Ecosport already starts at $20,000 and, being Ford, of course there’s always like $2,000 off. Even at sticker price, that’s the same starting price as a Corolla. The Corolla does get 33mpg while the Ecosport “only” gets 28mpg, but…
ORRRRR, considering that OP went into bankruptcy anyway, and blamed it on VCI being the final straw, maybe they knew that when dealing with deadbeats, if it wasn’t one thing, it would be another. There would have been another straw that sent OP into bankruptcy, and then VCI would have been out a car AND the money. In…
I was (and am) a ton of fun at parties! Are you not doing 8-15 person Zoom teleparties during the coronavirus? One of my go-to’s that everyone appreciates is calling out blowhards that are unwilling to take responsibility for their actions, and just want to blame their lot in life on external forces!
When I get into discussions with monthly payment comparisons, they usually don’t get it, and often start by making fun of me! “Oh man, your payment is $550?! Mine is only $350 per month.” Okay, but mine is for 36 months at 0.9% interest. What is yours, and have you ever multiplied your payment times your number of…
Everyone knew that a recession was coming, and it would have happened even if the coronavirus never had arrived. Warren Buffett and many other businesspeople and corporations built up their cash reserves. Ford stopped manufacturing cars to trim down its model lineup. GM closed the Lordstown plant. Everyone just…
“The check is in the mail!” You have to understand they heard the excuse “I was just about to pay you” about a million and a half times. Especially as you admit, you were delinquent on many other accounts, and then went into bankruptcy. They just saw it coming. Don’t blame YOUR situation and decision to go into…
Adjust your withholding on your taxes. Getting a return means that you accidentally overpaid over the previous year, instead of having that money immediately available. Especially if it was enough to cover 2.5 years of car payments.
Yup, and the 2.0 turbo Accord makes 250. I’m not saying that there has to be a 1:1 correlation, but they had better have a serious power increase if they’re increasing displacement by 50% and tuning for premium fuel.
Since you aren’t providing any marketing to back up your question, and Toyota and Honda and Ford and every other automaker have come to the opposite conclusion as you have, then the answer to your question is that, yes, there IS a place for these smaller crossovers. You are just theorizing and making up random facts.…
Mazda3 owners do the same thing. Stop posting about your M3. There is already a vehicle called an M3.
In fairness, the HR-V’s size is definitely a difference when parking, especially in a city. Not all of us live out on the great plains of Iowa. It’s also more economical to buy and to run.
No, what is going to happen is that the small automakers die out, and fewer interesting cars will be produced. That HR-V is a big seller, and so is the CR-V. What’s going to die is the Civic Si and other cars that we live for. They will kill all the cars, leaving us with only crossovers.
No, that’s . . . that’s the OPPOSITE of protectionism. Small, local automakers are going to die out. It’s the huge international conglomerates that are going to survive. Protectionism means that instead of Canada importing vehicles, Canada is going to spin up a Canadian automaker. Instead of the US allowing Honda and…