Popular author, Reno Omokri has opined that buying a new car is the worst investment anyone can make.
He wrote on Instagram:
”The owners of Gucci, Armani and Louis Vuitton are already billionaires. You are not a billionaire. You are not a millionaire. You are not even worth $100,000. They don’t need your money. You need your money more than them. Invest in your future, not their future! In fact, nobody on Earth needs a new car. Absolutely nobody. What you need is a reliable car. Except it is an antique car, buying a new car is the worst investment you can make. The moment you drive it out of the dealership, 15% of its value is gone. Spend your money on assets that put money in your pocket!”