Buy a 2nd Hand Car

Do u love Cars?
i also love Car.....

we all love expensive Cars.

Here r some True Facts about Car.

Fact - 1) Car is an Ultra-fast depreciating item among every otherm liability of world.

Fact - 2) A newly buy Car will loose over 60% of its value within first 4 years.

Fact - 3) True Rich people mostly buy a 2nd hand car.... u believe it or not but this is true....they buy just 2 year old car.... so that someone else has taken a loss of depreciation.

Fact - 4)True Rich people always buy a Car with Value of not more than 1 % of their total wealth.
say for example,
if their Net worth is Rs. 1 Crore than 1 % of it is Rs. 1 Lac (1,00,000).
its impossible to buy a new car out of Rs. 1 Lac only. so what they will do?... they will buy 3-5 year old 2nd hand car worth of Rs. 80-90 thousands.

if their Net Worth is Rs. 10 Crore than 1 % of Rs. 10 Crore is Rs. 10 Lacs. so they will buy a car Maximum of Rs. 10 Lacs ....and so on......

True Rich never buy a Car more than 1 % of their Total Net Worth....

What middle class will do?....

Suppose a Typical Middle Class have Net Worth of Rs. 20 Lacs..... what he/she will do? he/she will buy a Car Worth Rs. 15-20 Lacs on Downpayment.
And will pau its payments for years.....

What ideally he/she has to do? id his/her Net Worth is Rs. 20 Lacs?.....

Answer -

- 1% of Rs. 20 Lacs is Rs. 20,000 (20K).

- so either buy 2 year old Two wheeler out of it

- or wait to increase Net Worth

- Or if buying a Car is a Necessity than buy 8-10 years old Car worth Rs. 20,000.

- He/she Must have to wait untile their Net Worth increases before they buy expensive Car.

But in Any Circumstances Don't Buy a Car worth more than 1% of your Total Net Worth.
This is Very Important......

Either u buy a 2nd Hand Car or Wait until your Net-Worth increases so much that its 1% is worth of 20,30,50 Lacs.....

Than and only Buy Expensive Cars.....