LBStx

Words of wisdom.

Bigoltex

In some cases it can be a consumable, but it still can be an asset. If someone own's a rent a car company and decides to sell it. They are going to list the fleet of cars owned by the company as an asset, not a consumable. No matter if the cars all have a 100,000 miles on them or 10 miles, they will be listed as an asset. Same thing goes for a trucking company or even a catering company that owns vehicles. All will be listed as assets. Now I'm not sure if your the type of person that purchases a truck and drives it until the wheels fall off, I am. I have three kids and each one of my vehicles will more than likely be passed down to them. But the average American only keeps a new car/truck/SUV or whatever for approx 71.4 months. With that being said I have no way of knowing which type of person the OP is. But, statistically he more than likely falls into the average. With that being said it might be better to purchase the truck that will depreciate less in that 71.4 month period. Since your gaining an asset it can be considered an investment.

AricsFX

iTrader: (3)

lateapex911

Investments don't always make money. A Tool can be "investment grade",,,it will last 30 years and cut with better precision and one of lesser grade. Typically tools like that hold a higher resale value than lesser tools.

If the tool/truck/whatever was worn out in a year and cost $30K, it would be a poor investment compared to one that lasted 10 yrs and cost $40K