After buying a house on installment, now come to buy a car on installment?
“Each car will have its own show, and it’s not natural that it exists. If people still think one-sidedly that buying a car is to be majestic, or turning on the luxury car mode to flirt with girls, it’s real. vehicle is a safety factor, in line with life goals, it is worth owning“. Minh Tien (24 years old, Hanoi) shares his views “I bought a car, but I don’t want to buy a house” when he owns the first car in his life. Tien bought a Vinfast car, priced at about 1.1 billion, and borrowed 30% of the car’s value for 5 years.
Let’s chat with Minh Tien about his story of buying a house!
Cars are liabilities, if after a period of use, they will gradually depreciate in value, but not real estate? Why do you want to choose to buy a car on installment instead of buying a house?
It is true that in 2022, everything is compared and based on one standard: MONEY.
I of the years 23-24 years old do not think much, do not want to interact much with the money rating scale.
The most difficult thing now is to maintain the “mediocre” when everyone is talented, when the young people are now 20-21 years old. stock investmentreal estate, buy a house, buy a car, earn billions monthlybuild his own career.
For me, sometimes in some decisions, I choose the right one. I find the problem of buying this car very simple, I want to change my lifestyle a bit, I want to upgrade my quality of life. I’m young, so renting a house, I personally think is suitable, I don’t want to “stable” to sit in one place yet, nor am I interested in real estate at all.
Do you think this is an unwise investment choice at the moment?
Cars are for consumption, so it is obvious that you lose money when buying a car, and of course you need to accept this fact, it can be thought more simply like you are having another child. . Trade happiness with money, if you can, buy it, if not, don’t.
Once you’ve maintained a solid foundation, it’s okay to try something new. For me, the current, stable time is when the job is favorable, the salary is stable every month.
If buying a car on installment is a mistake in the eyes of many people, then I accept it. If you don’t buy a car, you won’t have it, if you buy it, you will have it. How to experience without mistakes and failures. So just learn something new and keep correcting.
How do you plan to buy a car on installment? Does the car installment cause financial pressure?
I am not under economic pressure. My job also has a lot of time, so when I buy a car on installments, when I have free time, I still run the service, earn more money, and find buying a car useful. I choose to buy a car from Vinfast, the price is nearly 1.1 billion VND.
But a lot of people have said: “Just borrow a little, a car of 1 billion will weigh the interest rate and principal under control, if you borrow 80%, you will only have to break your back and not pay enough interest.”
I find it very true.
Do a little calculation, what if you borrow more than 50% of the car purchase amount?
Wheelchairs fall to about 1.1 billion, just need to pay 30% in advance, about 300 million, the remaining 70% I choose to pay in installments within 5 years, the interest rate for quick calculation falls to about 10%, then a year I lose about 80 million, 5 years falls into about 400 million profit. Plus the car is a liability, after 5 years of use, if you want to resell the car, you have to accept the resale price of only about 600-700 million VND. Plus the interest, in 5 years you have lost about 800-900 million, a quite large amount and not everyone can imagine how big that amount is.
So, the decision to buy a car on installment is when I already have 70% of the car’s value, the remaining 30% I calculate the loan based on the amount I can afford, so I feel quite comfortable. .
What do you think about the trend of young people wanting to invest money to make money?
I see now that young people have 2 trends: 1 trend wants to make money really fast and very well, another trend wants to experience and enjoy.
For me, any trend is fine, as long as you see it suitable. Life is like the sun, each person absorbs light in a different way. Therefore, it cannot be equated that all young people do not like luxury cars and beautiful houses. I like.
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at Blogtuan.info – Source: Kenh14.Vn – Read the original article here
