Only if you're wasteful does food depreciate, but I'd argue that's not the correct word. Food is consumed after you buy it. It was used precisely for what it was intended. That's not depreciation, but I'm guessing you know this and trying to be cute?
My car that I bought was used precisely for what it was intended. And it depreciates through its life until it is no longer useful and its value is zero.
We buy lots of depreciating assets because we need them. That’s not bad, necessarily. But don’t buy a car as an investment.
I brought up food because it’s a depreciating asset. You buy it, you eat it, its value depreciated to zero. It’s not cute, just pointing out that “don’t buy depreciating assets isn’t a very useful life choice.”
Yes. But cars are expensive *and* for the most part they are unutilized. When you're slepping...the car sits. When you're working...the car sits.
An given society that's based on personal transportation (e.g., USA) at any given moment has a significant amount of resources sitting around doing nothing. In a world now based on not-so-infinite resources less cars (via, car on demand) is more than just a biz model. It's good for the world we live in.
Most of the depreciation comes from wear and tear of using it. If you let it sit for an inordinate amount of time that will have a significant impact, otherwise your car isn't going bad when you sleep at night.
