Meet Viya and Why Owning a Car Is (Not) An Expense

Posted 2 CommentsPosted in Plugs, Auto Loan, Commuter Blues, Driving

Viya is lodged as an asset and a liability in my personal SALN. The asset side, which is the car value, I depreciate regularly (I read somewhere that normally, cars depreciate 20% in price by year 1, 10% for years 2 to 6 and 5% for years 7 to 10. Which leaves you 10% salvage value by year 10).

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