Posted by Centaur
now that will depend from person to person . Many people have sturdy enough wallets to go in even for the highly priced premium hatch - jazz. so many others might also be there who can go in for other sturdier /better cars
Centaur, just read you reply in the light of what I had mentioned and think what you feel about your sentence.
Being a Chartered Accountant, and in Finance line, these decisions are taken by deep thoughts and rationals rather than heart/hobbies.
As you correctly said, depends on person to person, exatly not only on the wallets.
I may be capable to buy a NHC outright, but my dear friend's Bank (SBI) is providing finance at 8% - so will take a decision to go for a loan rather than outright purchase. Now an layman will make an outright purchase - a person in finance will think to employ his own funds to earn 15-20% and go for a loan of 8% - in the process earning 7-12% (net yearly)of the loan on investments.
I agree that there will be people who have strong enough wallets (and who will expend on the car) - but what I had said that instead of expending on the car, I (I specify here that me) will better expend the same amount on travel rather than the car.
After all I look at the car as a car, not as a second home.
Rather looking at the car as a second home, I will think in the direction of really making (buying) of second home (real estate).
Again, these perceptions depend on person to person - these are my thoughts.
No offence to anyone - nothing against anyone.
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