this post was submitted on 11 Sep 2026
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Electric Vehicles
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Its like spending more money on a depreciating asset with the assumption of crashing it and needing the value to be high. Its the weirdest financial choice since the 2008 financial crisis. Hell like the 2008 crisis this is borrowing in such a stupid way that you are expecting failure.
People can not afford new cars, at all. Financing a car is always a losing proposition. And buying a car based off its potential payout in the future is very very odd. Even at 6 million crashed a year in the us, there are 297.5 million registered vehicles there as well. That is a 1/50 chance to have your car in a crash if you are average, and since I know of people who are crashing every year or two the mean driver should be above that. Are you crashing a car more? We are talking about a expected 20ish year lifespan of a car with those numbers, why are you acting like people are naive for not buying into this odd view?
If you are not a car salesman, maybe you should talk to less of them in your life? Since this sounds a lot like the sort of crazy koolade passed out at a consumer cult.
Just because an asset depreciates does not mean there is not value in a reduced rate.
The only value you are talking about is the book value, that all cars tend to lose over time making the whole idea of shopping with that in mind strange and pointless.
We are discussing real world depreciation, a mark-to-market degradation in value. Book is only relevant to any financing, and if you are negative equity and lack the funds to bridge the gap.