atans1

Why own an asset that is not utilised 96% of the time?

In Financial competency, Financial planning on 30/05/2017 at 6:10 am

Especially in S’pore unless u are paid like a PAP minister.

According to the financial-ratings agency Fitch, the average car spends 96% of its usable life parked in a garage or on the street. When maintenance, depreciation, insurance and running costs are totted up, cars are the most underutilised asset most consumers own.

Economist blog

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