</font><font color="blue" class="small">( the ol money pit )</font>
In general, I certainly think that's right, but I bought a used, one year old, bass boat in 1978, used it 3 years, and in spite of spending the money for a bilge pump, seat improvement, new spare tire and wheel, etc., I made a profit of over $300 when I sold it. That might possibly have been the only time I ever bought anything, new or used, and after using it, sold it for more than I had invested.