At which point can a car be considered as a financial asset?

[King Belieal]

Most people and situations don't consider a car tangible enough to be recognized as a financial asset. However, I believe that there are some situations that a car would be adjudged as a financial asset.

What are those situations that a car could be viewed as a financial asset?

 

[Nomad]

When your car saves you money or earns you money, it can be asset. For instance, if you rent out your car, it is asset

 

[eLdavis]

A car is often seen as a liability, but it can be considered a financial asset when it is being used to make money.

 

[Augusta]

A car can be considered a financial asset when it generates income or is used in a business context, rather than solely for personal use. If the car contributes to a business's operations

 

[Fidelia]

Some people use their cars to make delivery for their businesses and it help them make money. That's an asset.

 

[Springtime]

When a car is used to make money such as renting it, use it for delivery, the car can be considered as an asset.

 

[Suba]

Cars are often considered as an asset if the car is well maintained and managed, so that it will have added value economically even though the car is also subject to depreciation.

 

[Augusta]

A car can be considered a financial asset when it has economic value and either generates income or contributes to the business's ability to generate income.