Today’s topic of discussion is whether buying a car is a right or wrong economic decision.
If you have already bought a car then how to maintain it, is the topic of today’s discussion.
I will advise you as a person, not as an expert, about what money should be kept in your mind while buying a car.
Which subject should be kept in mind when thinking about buying a car?
Money is not the main topic, life is above money in buying a car.
When it comes to buying a car money is not the only thing that matters, people lives is more valuable than money. I will give you some advice about this.
Since the topic of value discussed today, I will highlight as much as I can today that human life is the most valuable.
Need to buy a car or not? How can you understand that you need to buy a car? When should you buy a car and when should you rent it?
First is the kilometre Run.
If your car runs 15000 km or 18000 km in a year then you need to buy a car otherwise it is more profitable to use a good rental car.
But before renting a car, if the car rental is low,don’t rent the car,check if the car is good,then rent it. Because at first I said that life is the most valuable. Before you buying a car you should calculate your kilometre run.
The next topic is requirement
Many may have low mileage but need a car everyday then you should buy your own car.
If the distance is less but you need a car everyday then you should buy car.
The next topic is financial aspect
If you need a car in financial development then you can buy it.
Don’t buy a car to show off.
Give up the mentality of show off.
Don’t do anything out of self interest just to show off.It will causes more damage.
If you want to be a successful investor then give up the mentality to show off ,only then you can be a good businessman.
Buy a car if you absolutely need it otherwise don’t buy a car. If you waste the money just for your hobby then you can’t be a good investor.
The next topic is safety.
If you want to buy a car with your own cash then you can decide to buy second-hand car as your wish, but don’t buy a second-hand car in installments because the rate of interest of second-hand car is very high.
If you have to buy a car in installments then by a new car because it’s rate of interest is low.
Buy a car with safety in your mind.
Don’t neglect the safety when buying a cheap car. So buy a five-star or four-star category car not below that, because I repeat it again life is the most valuable things than anything else. If you go for money you will get money but if you go for life you will not get it.
The next topic is resale value
Buy car that’s are in demand in the market. You will get less resale value if you by a car which is low demand in the market. In that case you will suffer a lot. So always check the demand in the market before buying a car. Buying a car that is not in demand is a disadvantage.
So if you want a better resale value by a car which has demand in the market.
We don’t keep on think in mind while buying a car that is servicing expenses.
There is an additional cost of car servicing in the case of purchased car.
Now come to rent car or bought car.
If you rent a car then no servicing cost is required.There will be no problem of installment in rent car.
There are no worry about the resale value.
On the other hand, there are some disadvantages.
You don’t get a good safety rating rent car on your demand. There is a question about your safety in rent car.
If you don’t have a place to keep your car then keep it on your mind before buy it.
Finally, let me say one more thing that is road tax.
When you buy a car you have to pay road tax at regular intervals. You have to pay road tax after every 5 years. Many people pay lifetime road taxes, but the cost is much higher.
I repeat it keep the topic of safety in your mind before buying a car. You have to survive beautifully, to live in this world. Money will come and go but life is precious.
Buy a Safe car not cheap.