Cars are one of the poorest investments you can make. After 5 years, the average automobile will depreciate by over 60%, so keep that in mind when you budget for a car. Since the average price of a new car is roughly $35k, this means that the average new car buyer will lose $21k over 5 years. When you consider the opportunity cost, they would have had over $90k had the $35k … [Read more...] about When You Budget a Car – Follow the 1/10th Rule