Cars are undoubtedly one of the most important things that each of us strives to buy in life. We use our cars to go to work, to pick up our children, or to go out or go shopping.
Buying a car will bring us many valuable lessons, both positive and negative. It is the stepping stone for future decisions regarding business, education or raising a family.
What we need in a car is stability and durability, so we always tend to look for the perfect car. However, it is often not until one to a few months after buying a car that people realize this could be a wrong decision, as the lessons learned are as follows:
Suffering from debt
Car installment agreements are one of the biggest tricks manufacturers use. The overall amount to buy a car is often huge, but manufacturers will break it down to a threshold that users feel can afford. Then quickly decide to buy that car, even though the total installment payment is often much higher than the one-time payment.
On the other hand, the average price of a car is not cheap, from a few hundred million, to several billion, even tens of billions of dong. In any form of purchase, it is also a large amount of money that the buyer has to trade.
Moreover, when buying in installments, with each overdue month, the interest amount increases, not including maintenance, repair and daily travel expenses. In general, the car has become an uncomfortable financial burden.
For those whose financial potential is not really solid enough, they will easily fall into tight spending situations, even in debt, when they have to spend a large amount of money each month to raise their car.
Persistent breakdown problems
Buying a car of course has to go with repair and maintenance, and of course these two problems are inevitable with any car. You can’t spend money on a car and leave it there without fixing it if it breaks down.
Regardless of the extent of the repair, the car owner still has to spend time and money. And the longer it is used, the greater the cumulative repair cost. At that time, even selling the car would not be able to make up for the money spent. The decision to buy a car that seemed so right today has turned into a bitter lesson.
Run with form
Appearance is important, and first impressions make all the difference. Even so, many entrepreneurs try to give themselves the appearance of being rich, and doing so only costs them money.
Obviously buying a car to appear rich is not a smart decision. While people strive to get rich to buy a car, you strive in the opposite direction. And if you are not rich but also have to bear the additional burden related to the car, you will easily step back into poverty.
Don’t let the flashy desires of the outside fool you. Before buying a car or anything, evaluate and carefully consider your current financial ability, avoid overspending.
Consider a car as a fixed asset
Many people think that buying a car for 1 billion dong means they have a fixed asset of 1 billion dong, but that’s not true. Cars depreciate in value with every kilometer of travel, and in just 1 year, the resale value of the car has decreased a lot compared to the original price.
Never treat expensive items as fixed assets, because the market is constantly changing, leading to unpredictable changes in prices for those items. Calculating its value to net worth is like counting chickens before they even hatch.
So when buying a car, never consider it a fixed asset. Pay attention to the amount of money it takes to maintain and repair it. That’s much more practical and important.
Let the desire overwhelm the real need
Buying a car is a trade-off between needs and wants. Everyone wants to buy a new car that makes others covet. But in the end, we just need a car with high reliability and stability is enough.
If we are not alert enough, we will easily fall into attractive advertisements, and then hastily spend money to buy an unexpectedly expensive car, just to satisfy the desire to display luxury, while our daily needs much simpler. By the time you were sober enough to realize the problem, the mistake had already cost a lot of money.
Not only buying a car, other things such as choosing a wedding venue, home remodeling, … all need more alertness and consideration. Therefore, be careful when making these decisions if you do not want to regret or regret later.
According to Entrepreneur
at Blogtuan.info – Source: autopro.com.vn – Read the original article here
