this post was submitted on 23 Sep 2023
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Your car will be worth less the longer you hang on to it. You can sell it and hang on to the money until your company tries to get everyone back in the office.
This is likely not going to be the case for the classics (old->modern-day). A Honda Jazz will lose it's value, a classic Aston? Less likely - even static some of them are works of art.
Ok but what if the Aston isn’t cared for properly and left out to rust? Then the price will go down!
Is my bringing-up-a-small-edge-case helpful? Does pointing to 1% of situations refute the general case or further the discussion in any meaningful way?
Simply pointing out that not all cars will depreciate in value. Well maintained ones should continue to hold their value until oil prices and taxes make them out-of-reach for the average citizen. Let us not forget that 80 percent of vehicles are bought in the second-hand market... Nobody has raised the prospect of killing that market off yet in a policy sense (of which I am aware).