IS BUYING A CAR A HEALTHY FINANCIAL DECISION

 Breezy Engines

By Bruno Gitau

Yes and No!! Most people especially the financial experts tend to sing day in and day out that cars are the worst financial decisions anyone could make, which yeah, it's true but not entirely. The reason why I partly disagree with the financial experts is that owning a car is entirely a unique journey, completely different from calling an uber when you need to hop from one place to another. Buying a new car straight from the showroom is where I could agree since it's a fact that a car losses 30% of its value once it's off the showroom, so if you thereby want to see yourself in line with the financial experts but still want to purchase a relatively new car, you can simply get a car with low mileage, won't that be a good financial decision? see more

                                                       

calculating whether it is correct to invest on a car (photo : internet)

Getting yourself a car could also be a good financial decision if the car you buy helps you get to the job that pays you well enough such that you can afford and maintain that car and get there on time or also if you are using that car to run around for the business that makes you money at the end of the day.

Therefore buying a car is not entirely a wrong financial decision. 

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