It is very unlikely to invest on something you are not familiar with.  Before investing on a car, you should have enough information about how would you earn from this investment.  If you cannot make profit out of it then look for another one.  Investors say that cars decrease its value as it gets older.  You might not sell it at a profitable deal.  Cars need to be insured and maintained.  You spend more money without increasing the value of your property.  The good thing is that as you work everyday, a car is needed as your form of transportation.  Think first before you go on investing so regrets can be avoided.

Excerpt:

“Your investment broker tells you that the chances are nearly 100% that you will make no money at all. Then he tells you the really shocking part: The chances are nearly 100% that you will lose at least half of your investment and most likely much more than that!”

“An automobile is a depreciating asset. As it ages, it loses value rapidly and drastically. There is very little chance of an automobile used for personal transportation will appreciate in value.”

Original article can be found at:

http://www.theglobeandmail.com/globe-investor/personal-finance/household-finances/buying-a-car-the-worst-investment/article1908091/

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