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2 votes

Why is depreciation considered a cost of owning a car?

Whenever you spend money, you should know how much you spend and what you get for it, and what it is worth. You can buy a car for $20,000 and say “I bought a brand new car for $20,000”. That’s one way ...
gnasher729's user avatar
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2 votes

Why is depreciation considered a cost of owning a car?

The only logical way of calculating cost to own is "money you had before - money you had after you were done owning it", if you had spent money on nothing else. Usually, when you are ...
Money Ann's user avatar
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3 votes

Why is depreciation considered a cost of owning a car?

It may help to remember that the other accounting approach for the car would be to expense it all in the first year, then count anything you're paid for it when you get rid of it as income. ...
keshlam's user avatar
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3 votes

Why is depreciation considered a cost of owning a car?

Depreciation is far more meaningful for businesses than individuals. While you may or may not find it useful to think about the depreciation of your personal vehicle, depreciation is a significant ...
Ron's user avatar
  • 161
-3 votes

Used car depreciation cliff--is it a fable or real?

An Empirical Calculation of Actual Sales Data This aggregate statistic could be calculated independently if one had access to VIN level sales data as told by a Certificate of Title form where the ...
jxramos's user avatar
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8 votes

Why is depreciation considered a cost of owning a car?

When someone says car depreciation is a cost of car ownership, this generally means the person views that the initial purchase cost used to acquire an asset is not an expense, but the drop of the car'...
xuhdev's user avatar
  • 408
54 votes

Why is depreciation considered a cost of owning a car?

It is a cost, but it's not a cost in addition to the initial cost of the vehicle. It's a way of spreading the cost of the vehicle over time. If you buy a car for $20k, you could think of the "...
D Stanley's user avatar
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40 votes

Why is depreciation considered a cost of owning a car?

When you buy an asset like a car or a house, the money you spend doesn't just disappear, it's traded for something that is (in theory) worth the same amount. If you buy a car for $10k, that ...
Nuclear Hoagie's user avatar
7 votes

Car Dealer ran 2 credit checks - At the end i didnt even buy the car, how to get the credit score fixed

In the United States multiple hard inquiries may not make a big change to your score. According to Equifax Exceptions to the impact on your credit score If you’re shopping for a new auto or mortgage ...
mhoran_psprep's user avatar
4 votes

Car Dealer ran 2 credit checks - At the end i didnt even buy the car, how to get the credit score fixed

You can dispute the inquiry through the credit bureaus, just as with any information on a credit report, but since you consented to the credit check you don't really have a leg to stand on. (The best ...
Sneftel's user avatar
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