Showing posts with label Environmental Impact. Show all posts
Showing posts with label Environmental Impact. Show all posts

Thursday, July 14, 2022

The Pros and Cons of Owning A Car in the Middle of a Crisis

10:34:00 PM


We are still in the pandemic and the health crisis has greatly affected everyone and everything in the world. From big businesses down to the very small enterprises and entrepreneurs.

With the imposed lockdown we are all forced to stay in the house, off from our works, and away from the streets. As much as possible sole confinement.

Perhaps one of the in-demand thing to use aside from health related machines are cars or any form of vehicles. It is very useful especially if you're 'the chosen one' who will buy the needs of the family.

Though cars are indeed in demand, production, selling and buying were actually limited due to the restrictions of the pandemic. If you know about business, I'm sure you already know the implication of the situation. Like in our place in Quezon City, there were lots of car distributors who were forced to close their shops. Not only because of the overhead expenses but because of the inability to make sales. I think I read something about the same status of the car industry that mentioned about the drop in sales. If I'm not mistaken it was in the Wall Street Journal It's a big lose for car companies even a slightest drop.

With our experience during the onslaught of Covid19, it made me and my wife think of owning a car. During the lockdown it is much easier and faster for people with vehicles to go to the grocery stores, unlike us who don't have any vehicles need to walk kilometers away to buy the necessities. It is indeed a must have during emergencies and when there are uncertain situations.

We got too excited that we checked out some of the known car brands and the models. We got into a heated discussion expressing what each of us want in the vehicle we're planning to own. Checked out the brands like Mitsubishi, Nissan, Hyundai, Toyota and many more. We even discussed if we could have family van or just a plain car where four of us can be accommodated. Probably the most weird action that we did was checking the car loans that the banks are offering and what's even more advance thinking was that we computed the possible monthly car payment that we need by accessing car payment calculators that you can find online. With this, we can at least have a ball figure of the finances that we need to accumulate monthly.

Like any other cases, there's always the pros and cons when owning a vehicle. So, we must always weigh it in order for us to consider and make a decision. Here are what we have listed so far.

Pros

1. It is much faster and easier to go to places we want to visit.
2. There is always a feeling of security.
3. It is helpful when we're carrying heavy loads.
4. We can easily avoid places with heavy traffic

Cons

1. High price of fuel and maintenance cost.
2. Hassle of scheduling the maintenance of the vehicle.
3. We always need to consider parking.
4. Possibility of car accident or got stuck in a traffic.

So, until now we're still trying to find our common grounds to agree, but at least we were able to agree on the idea that we need to have more source of income for the car loan in order for us to own a car.

How about you, what are your consideration when you're planning to buy a car?


About Me

About me
Hi!, This is Marco a.k.a. Toto Blogger and Publisher. I created this blog to provide stories, personal experiences, entertainment, and insights on products I like. I'm here to share and inform you (readers) on things about music, movie, food, travel, and events.

You can also meet my wife on her blog www.mommysmaglife.com.


For project collaborations, product reviews, event invitations, or hotel and resort experience reviews, kindly email me at marcopolojdemo@yahoo.com.



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