Luxury assets like cars depreciate rapidly with use, meaning every mile driven represents a significant financial loss; for example, a $350,000 Ferrari can cost approximately $2,000 in depreciation per mile, making even routine trips like going to the supermarket a $5,000 expense.
Deep Dive
Prerequisite Knowledge
- No data available.
Where to go next
- No data available.
Deep Dive
The things we own will own us if we're not careful...Added:
I dreamed of one day owning a Ferrari, and so I bought a 458, and drove down the street like an obnoxious person, and I paid cash for it. Then, you know, I was driving it, and a new model came out. And I was like, "Ugh, I have the old model." And that hurt my ego. And then, I saw that, you know, my $350,000 Ferrari, there's a $500,000 Ferrari.
Didn't like that. And then, I did the math on the depreciation of the car.
Every mile that I drove it, it cost me about $2,000 in depreciation. [music] So, if I drove it to the local supermarket, that was a $5,000 trip.
You're literally driving something that's degrading in value by the mile to [music] the tune of thousands of dollars.
Related Videos
The #1 Reason Your Top People Keep Leaving (How to Fix It)
Entreleadership
470 views•2026-05-29
What Happens After A Motorcycle Dealership Shuts Down?
FastestWay.1
374 views•2026-05-29
The Evolution of DSP's Pokemon Unpack-ack-acking Grift
Toxicity_Unmasked
2K views•2026-05-29
Help re-structure my finances, I want to buy a house, save and invest
JennNxumalo
2K views•2026-05-29
Asian Paints Q4 Results: Revenue Beats Estimates, 5 Key Takeaways For Investors
NDTVProfitIndia
111 views•2026-05-29
Trying to Afford Vancouver on a Single Income | $2,550 Mortgage
chelseaspursuit
308 views•2026-05-28
AI Investment: Data Centers & The Bottom Line
MemeTeamClips
134 views•2026-05-28
Are you busy but still feeling broke?
TaraWagner
305 views•2026-06-01











