You know it's kind of teasing seeing this post?.lol, alot of people have different opinion about owning a car .
Some see it as liability .
Some see it as an Asset .
Car is only a liability when you buy for it for fitting in sake, when you buy a car because your friend bought or you didn't think through as per purposes the car would serve you. You can't just save up $2k to buy a car with no way of maintaining it. That's the problem. Think through what you need the car for before you conclude if it's an asset to you or lability .
Car is an asset when you have thought through why you want to own , let's take for example you bought a car maybe for business purposes? Or maybe you bought it for transportation purposes. Especially buses, many buses or bus drivers earn money a week or even a day depending than most salary earners.
For me car is a necessity, as an asset and mobility purposes. You choose whether your car will be an asset or a liability to you. It all depends on you
Thank you and have a nice evening
RE: Is A Car An Asset Or Liability?