You should buy a car in these cases
Each of us thinks about buying a car at least once in life. This question is surrounded by many doubts. Perhaps many car owners know the cost of owning a car does not end with monthly payments for car loans and maintenance. There are a number of other mandatory expenses which affect the final cost, revealing the costs of owning any car. Perhaps everyone has heard at least minimal information about insurance, fuel and taxes. Moreover, there are also expenses such as fines, car washing, parking, depreciation, and so on. Unfortunately, not all of these are taken into account when buying a car, especially on credit. In fact, many people do not have enough income to afford a car and its maintenance. In fact, in order to decide to buy a car, you need to understand whether it is really necessary. At the same time, of course, you can choose an expensive car, the brand of which is incredibly well known to you and close to your liking. Such brands are famous for their popularity, unique development and peculiar logo history. There are cases when a person does not need a car at all. For example, this applies to those car owners who rarely use it and only occasionally go shopping, visiting friends or parents, and so on.
By the way, you should not forget any car immediately after you left the dealership begins to lose its market value. Therefore, if, after analyzing the costs of the car, you hope to sell the car for the same price or even more expensive, because the car is still in good condition, you still should not hope for a significant benefit. These are the rules of the market.
When is it worth giving up even the thought of a car? There are indisputable cases when you have a tight budget. You will not be physically able to purchase a car and pay off loans in the future. If every cent is precious, your income is not able to withstand the purchase of a car with subsequent maintenance. Moreover, this solution is really relevant if you live in a densely populated area with great opportunities to travel around the city by public transport and your trips mostly take place not far from home. In such a situation, you really don’t need a car, you can do without it, take public transport and sometimes use a taxi.
Of course, there are situations when a car is necessary, and it is worth considering all possible options for its purchase. Of course, some part of the population can afford expensive cars, some are the cheapest. This is partly normal. You can choose an average–priced car, for example, a Ford is one of these cars. Moreover, the brand has done quite a good job for its reputation, the ford logo has changed many times. This indicates that the company lives and tries to develop together with technology and innovation.
Nevertheless, the need for a car is indisputable and obvious if you have at least one child in your family. Moreover, it is worth considering situations according to which your work is far from home, most of the necessary shops are also far from home. You can also think about a car when you often go to places which can only be reached with a transfer, including if you live outside the city. In such cases, buying a car will save both money and time.
Undoubtedly, this issue is up to you to decide. We can all have different situations in the family. For some, the convenience and comfort of movement is more expensive than spending on owning a car. If you are willing to suffer losses from the process of owning a car for the sake of comfort of movement, then in this case you should not even think about selling a car in favor of public transport or taxi.
Many people do not buy a car out of need. It has become a kind of status symbol. It is worth looking at parking near houses in densely populated areas of large cities during the day. You will see numerous cars there and a lack of available seats. Why? A huge part of people, having bought a car, go to work by public transport, because it is more economical. What does this mean? Of course, the car was bought for the purpose of investing money or just as a status. Therefore, despite the fact cars drive our economy, it is not worth buying this product with a lack of finances.
One of the main advantages of buying a car is an unlimited sense of ownership. This is when you know that you have a car and you can go anywhere, depending on the car itself. Undoubtedly, it gives you self-confidence. The older generation, and not only, perceives the car as well-being, wealth.
However, public transport also has advantages. Firstly, there are no additional taxes, insurance fees, technical inspection and gasoline. You can also take a taxi or use carsharing. There are a lot of advantages of a modern service. The main thing is you do not spend a large amount on a purchase, since you have the opportunity to drive even a car which you would not allow yourself to buy. No need to pay for parking when you rent a rented car. No need to worry the car will be stolen or scratched. There is no need to pay taxes, insurance and technical inspection.