Skylarking
Well-Known Member
- Joined
- Feb 3, 2018
- Messages
- 10,155
- Reaction score
- 10,654
- Points
- 113
- Age
- 123
- Location
- Downunder
- Members Ride
- Commodore Motorsport Edition
Yes, no right minded individual buys a new motor vehicle thinking they’ll flip for a profit unless you are talking about exotic limited editions which many manufacturers are increasingly putting resale restrictions on such vehicles to inhibit exactly such an issue.This is ridiculous advice. Nobody buys a car as an investment, hoping to profit when it comes time to sell.
Though this may be true for some who keep their cars for as long as possible, it’s not true of all. Many people change cars every few years via salary sacrifice and vehicle leasing... that way they have the latest while keeping depreciation known and manageable while using our tax system to reduce their private loss... it’s your tax system at work...Most people buy cars as basic transport to get from a to b. For someone who has a new or near new mainstream Holden, the worst thing they can do is sell it now, as at this point they will be taking the biggest depreciation hit. They are better off keeping it for 5-10 years and getting the most use out of it they can.
For those type, selling now (if there lease allows) and getting into some other brand may be more appealing. It means they cut their losses and take a known depreciation hit rather than wait a few more years and have an unknow hanging over them...
Horses for courses