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Is a car that is Paid off Considered an asset?

Just Curious. Finished paying off my car.

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Congratulations. A debt free life is a happy and peaceful life. Yes your car is YOUR PERSONAL ASSET. That said, you must be mindful of the fact that assets such as a car depreciate over time. It would be sensible to adopt a regular maintenance habit to ensure your car can last a lifetime. Good luck.

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yes

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most sertantley

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It is

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Absolutely it is, and congratulations btw. It's a good feeling to pay off bills especially a car.

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After five years, your car is no longer an asset

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