Old 07-31-06, 07:57 PM
  #129  
Granny
Banned.
 
Granny's Avatar
 
Join Date: Jun 2006
Location: Fairfax, VA
Posts: 447
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
Yeah, yeah. The traditional definition of an investment is "property or another possession acquired for future financial return or benefit". Selesmen slways throw the word around - trying to get you to "invest" in a new car or whatever. It's really a misuse of the term.


Originally Posted by Bike Lover
Maybe it's a good investment in fitness. Maybe it's a good investment in terms of $/miles and then can be sold at a minimal loss, when factoring in the miles/years ridden.

As a personal point, I went to buy a beater car and spent $3k on it in '96. I still have it but it'll be going to charity soon, after 10 years (it was almost 10 years old when I got it) and about 50,000 miles later, I think it was a good investment. I will not get any money back from it but 3k over 10 years and 50k miles= good buy to me (and minimal repairs).
Granny is offline