is a car an asset

IS A CAR AN ASSET OR A LIABILITY?

Is a car an asset or a liability?

In this article, we dissect this million-dollar question.

If you own a car, especially an expensive one, it is inevitable that this major financial question bothers your conscience at least occasionally, or maybe pretty much every day if you can barely afford your car payments.

Understandably so, a car is one of the major purchases in every adult’s life. The reason why so many people are confused as to whether a car is an asset or a liability is the fact there are so many expenses associated with buying and owning a car.… Read more...