Popular social media writer, Reno Omokri is of the opinion that buying a new car is the worst investment anyone can make.
Taking to his Instagram page, he wrote;
”The owners of Gucci, Armani and Louis Vuitton are already billionaires. You are not a billionaire. You are not a millionaire. You are not even worth $100,000. They don’t need your money. You need your money more than them.
Invest in your future, not their future! In fact, nobody on Earth needs a new car. Absolutely nobody. What you need is a reliable car. Except it is an antique car, buying a new car is the worst investment you can make.
The moment you drive it out of the dealership, 15% of its value is gone. Spend your money on assets that put money in your pocket!”