Buying the wrong car can make you poor forever!
In this article, I address the considerable financial impact of buying and maintaining a car on the Brazilian family economy, highlighting the importance of calculating the direct and emotional costs. Also, how financial education and conscious decision-making are the best ways to improve financial health and prevent poverty.
The reality of buying a car vs. your income
Today, we will tackle a topic that is not easy to digest for most people, but is crucial for financial health: the reality about buying and maintaining vehicles. This article will question whether the car you own is compatible with what you earn. Many refuse to face this truth, but our goal here is not to police anyone's life, but to provide valuable information for those interested in financial education. At the end of the day, everyone is free to do what they want with their money. With all the comfort and safety that a vehicle provides, is this sustainable in the long run? Or is the vehicle exactly what is obstructing your financial progress?
The Financial Impact of Owning a Car
To give an overview, a survey commissioned by Serasa revealed that for 45% of Brazilian families, car expenses reach 30% of family income. In real terms, for a family with an income of R$5,080.00, this means spending more than R$1,500 per month just to maintain the car. In addition, a study by the Autoinforme agency points out that Brazilians spend an average of R$2,000 per month to run and maintain a semi-new compact car. It is no wonder that the car represents the second largest expense among Brazilians, behind only food.
Balancing Convenience and Economy
A car is undoubtedly a convenient and useful tool, providing more comfort and convenience for going to work, shopping, walking with the family and dealing with emergencies. However, one has to take into account the financial aspect. The article will divide the costs of car ownership into two parts: the rational side, which deals with the direct costs, and the emotional side, which is often overlooked but also important. Our discussion will cover the Chevrolet Onix, one of the best-selling cars in Brazil. Among the costs, we consider insurance, taxes, fuel, maintenance and aesthetic care. With all these expenses, owning a car can cost more than R$13,000 per year or more than R$1,100 per month.
Deciding What's Best for You
Finally, we need to think about the ideal amount a family should spend on a car. There are several methods for this, such as the 50/30/20 rule, personal finance expert Dave Ramsey's recommendation and Financial Samurai's suggestion. Remember that at the end of the day, it's up to you to decide what to do with your money. However, if you are in search of improving your financial situation, these tips can be a valuable reference. In conclusion, it's important to subscribe to finance channels and keep up with these types of reviews and suggestions to make more informed decisions.
______________________
If you are a used car dealer or retailer, we can help find the right buyer for your vehicles.
Accelerate your Sales with Leadfy, pioneer of Automotive Digital Marketing and Market Leader
As a specialized automotive digital marketing solution, Leadfy has the power to transform the way you, used and pre-owned car dealer/shopkeeper, acquire your leads.
Using Artificial Intelligence, we optimize your online ads 24×7 across multiple platforms, including Google, Facebook, Instagram and Tik Tok. With just one click, in real time, we find the right buyer, helping you turn your inventory into your biggest digital asset, decreasing your dependencies on big portals and traditional marketing agencies.
We are committed to helping you take full control of lead acquisition, generating more and better leads for your business. That means you'll be able to sell more cars, faster.
If you want to make the most of it and stand out in an ever-changing market, we invite you to get to know Leadfy. We are ready to help you sell more, better and faster.
