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asked about Buy Car

4 months ago

Is a car a depreciating asset?

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How can we
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2 Answers

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Estrella
Yes, a car is a depreciating asset that loses value over time and can retain some worth. the car can lose it's value once the owner takes possession.
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4 months ago

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Melba
yes this is one of the fast depreciating asset unlike real estate.
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3 months ago