Fun with Vehicle Amortization - true story for car fans (Patreon)

Can Cars Be Classified as Hard Assets???

A little over 3.5 years ago I bought a Tesla X.  Cost was $110,000. Today it is worth approx $90,000 on the second-hand market (mileage is low 35K due to c19 etc). That blew me away.  Depreciation $500 a month. Maintenance: I paid zero in maintenance and about $6 a month in charging (most of my charging was free at work and superchargers). Energy Cost: $260 over 3.5 years. 

Same time (well about 20 weeks earlier) my friend bought a supercharged range rover sport loaded (he thought EV's were for #$%^*&^*&) - his cost was $160K. Non-stop problems over the last 4 years including rats nesting in it. Huge maintenance bills. Don't even ask how much he spent on petrol/gas. Trade in value is now $70K. 

Net net his car cost $50K more than mine and has depreciated 90K and is now worth 20K less than mine. He ordered a cyber truck and is now a convert.