Young people who are starting out in society have the idea of buying a car in their minds after their jobs have stabilized. In fact, buying a car does not necessarily mean buying a new car, sometimes buying a used car is more suitable for you. Here we will not talk about the benefits of a new car, to see what kind of people are suitable to buy a used car it!
1. don’t want to spend too much money on the car
A car is a means of transportation, whether it’s a used Perodua Myvi or a brand new BMW limousine, to get us to our destination. Although higher-end, more expensive cars offer better protection, accidents are always human-caused and can be minimized by driving carefully!
2. Can’t afford a new car
Although there are fewer worries about buying a new car, new cars are more expensive and not every commuter can afford a new car. Suppose we take out a bank loan to buy a new RM50,000 Perodua Myvi car, and repay the loan over 7 years, we will have to pay more than RM500 per month, which is already more than 20% of the budget of a RM2,500 salary worker.
According to economist’s advice, the average person should not spend more than 20% of their salary on a car, otherwise it will increase their financial risk. Therefore, we should buy a new car according to our financial ability, and if buying a new car causes financial pressure, we can actually buy a used car that is cheaper and has more options.
3. not often drive
Although our public transportation system is not too developed, some commuters still take the light rail or bus to work. For this type of workers, the car is purely a means of getting around on weekends, and the car is parked in the car park most of the time, so buying a new car seems a bit wasteful.
4. not to love vanity, light on material enjoyment
Some people like to buy brand-name bags, shoes, and the latest technology products; some people are concerned about practicality and want every item to have substantial effect, rather than saving money to buy a property, if not for the needs of life may not buy a car. In addition, the joy and freshness of a new car only lasts for about 6 months to a year. After the “honeymoon period” is over, a new or used car is just a means of transportation.
5. New cars increase daily expenses
When we buy a new car, we tend to put more thought into the maintenance of the car, including returning to the factory for warranty (more expensive), washing the car weekly, polishing and waxing the car monthly, renting extra parking spaces, buying car protection, etc., for fear that a leaf will scratch the car’s paint. If you buy a used car, we still maintain the car regularly, wash and wax it, but the frequency of maintenance is definitely not as high as a new car (except for car lovers).
