EL118
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- Apr 10, 2011
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JTD;678075 said:I dont think a car qualifies as an investment
Margin of safety is not limited to investment only. the context here for car means low upfront which gives buffers for unexpected repair or maintenance need that creep up. (eg market price for E39 530 is around RM70-75k. paying RM53k would save you some 20k that can even allow you to change the whole engine + gear box if needed.)
Car is definitely not an investment, quite the opposite actually.