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Personal Finance – Do You Really Will need to buy A brand new Car?

September 1st, 2010 · No Comments · General News

pI have notice that retain on changing new auto has become a trend of todayrsquo;s existence in city. Folks retain on switching to new car for no purpose. It looks like vehicle has become a way for folks to express and show their status. Each year you can find so numerous new car models coming up. So they maintain on changing the vehicle whenever they saw some new models that they like.br /br /I had even heard folks saying this: lsquo;Since I require to pay for my installment each month, then why really dont I switch to a much better new auto?rsquo; It looks like paying vehicle installment is becoming part of peoplersquo;s routine life where if they really dont pay for the installment, they donrsquo;t know what to complete with the funds. Maybe people have forgot that they really dont have to pay for auto installment if they do not desire to.br /br /I know that I may offend lots of folks by saying that buying a brand new vehicle isnt required. Nevertheless what Im saying is not which you cant purchase a new car. But when you wanted to purchase a new car, believe about why do you wish to buy it. Is it neccesary? Do you need to acquire it simply because you will need it? Or you wish to purchase it basically simply because you wanted to display off to individuals that you are rich. Do you buy the vehicle to boost up your ego?br /br /For me, I only buy a auto when it can be necessary. When I say needed, I mean that I truly need the vehicle. Not for no cause, not for showing off objective. If my home is located at an area wherever Ive no access to public transports, then I will take into account to get a auto. If my old auto has too several difficulties, then I will consider to switch to a brand new auto.br /br /Currently Ive a vehicle of 5++ years old. Ive no intention to change a new vehicle correct now as my current auto is still in good condition. I plan to use the vehicle for at least 10 many years if the conditions are ok. Really the auto is currently utilized by my wife to drive to work. For myself Im actually taking public transport (LRT). I have no intention to purchase a second car even though theres no trouble in obtaining one financially.br /br /With this I can save no less than RM1000 per month. I would rather leverage this RM1000 per month for other purpose for example paying extra for my residence loan. This way I can finish my home loan quicker and reduce the interest. Why do I wish to improve my expense to somewhere that I do not really need. I can even use the extra money to accomplish some investment. This will improve my financial situation.ï#187;#191;/p
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