I'm not sure if this is a good idea or not so please critique any faults in it. In my country a cab license would cost 35,000 usd and it increases in value over time. I could buy that license or rent it out for 200 to 300 usd a month. Or what I'm thinking of doing is buying a 10k brand new car, and renting the car with the cab license for 800 to 900 dollars a month. The reason I prefer a brand new car is so I won't have to deal with fixing an older one. The lessor would be paying for the gas, all I have to pay for is the oil change, and insurance Insurance would cost me 250 to 300 usd a year, and oil change another 200.
800 x 12= 9,600
9,600 minus costs (300+200)= 9,100
9,100/ 45,000 more than 20%
Till now it seems like a good deal, but how do I take depreciation into account? Should I go with it, or stick to regular investing?
edit: 20 year old student. would be paying cash for them.
Submitted January 23, 2018 at 11:39AM by wooodshop http://ift.tt/2n4wyv3
