1.3M views · 5.1K reactions | A brand-new car loses around 60% of its value in the first five years.  That means the "investment" you just financed is actually draining your wealth. Cars go down in value, but your payments sure don’t. Stop throwing money at a depreciating asset, and start putting it toward things that actually build wealth. Buy used, pay cash, and keep your money working for you, not the bank! | Ramsey Solutions | Facebook