I REFER to the article “The single worst financial decision” which appeared at The Star Online on Feb 9 (bit.ly/star_invest). It is very true that cars are depreciating assets that will eventually be very low or negative in value after some time.
Many years ago, I bought a car and my father bought a single-storey house at about the same time. The car that I bought for RM7,200 was sold for RM1,500 after several years.
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