Is Buying a car an investment or expense

There was a time when buying car was treated as an investment. An investment which not only increase your expanses but also depriciate with the passage of time as a result car reduce worth. On the other hand you have to put extra money on maintenance of car.
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[source](https://pixabay.com/illustrations/installment-car-bank-percentage-3572185/)

Beside all these factors, things have been changed after spike in Car price. In last 4 year price of car are almost double. Car which was selling around Rs 1.8 million has been increased up to Rs 4.0 million. This make car a good investment as there are few businesses which double your equity in 4 years.

I have known many people who bought car in instalments. Despite paying excessive amount due to instalment, the costed price is much less than current price.

Rise in price of car has reduced the demand of new cars as a result old car observed massive pump in price. Car which was around Rs 1.0 million has almost double its worth and currently it is selling around Rs 2.0 million. Even the price of the car appreciated by its book value. Yes, old model cars are selling above its book price when the car was new. This makes a car good investment.

Car is considered as a luxury in third world countries. However, it is a basic necessity of life. Life without car in a big city is pretty difficult as the price of Uber and other transport has raised many times and the unavailability of good transport also necessitate the importance of car.

I am not denying the expanses of car in the form of fuel, operating cost and maintenance cost. It is a big liability specially at a time when we have almost 46% inflation. The way the the price of the car is gaining worth, we can say that buying a car an investment. What is your opinion my friends?

This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.