I am planning to by a car for a while. Today I visited three show rooms – maruthi, renault, nexa. Cars enquired are swift, expresso, kwid, triber, baleno. On road price will come from 5 to 7 lakhs. I have to pay down payment and remaining will be paid in EMI for several years.
My car usuage is simple. Daily commute to office, monthly once or twice city outting with my family – total four members. Yearly once or twice travelling to native place – to Trichy from Chennai, That’s it.
Challenges in having big car is parking, driving in city traffic, highway cruising will be a bliss.
Challenges in having a small car is congested and cramped travel when driving with five passengers – three in back seat. Riding in hills too is challenge. Highway cruising will be boring, we have to maintain 60 to 80 km/hr speed. Parking and driving in city will be blissful.
I have a craze for Tata Nano. Many times, I felt I missed purchasing tata nano. The thought of buying second hand used tata nano car instead of buying new premium hatch bag car, haunting me often.
I could usily buy a old nano within one lakh rupees and without committing big long EMIs. But reliability of used car is a question – especially Nano, which is discontinued.
I postponding buying a car. It is a decision paralysis now. I do not have eperience and knowledge to take a decision in buying a car. I am not ready to go for big EMIs now. I have a craze for Nano.
Commuting by bike gives pain to my hip and back. Switching to four wheeler for office commuting is a must now.
So, Let me take the risk of buying old nano. Low risk, low gain, low loss too. It is like a upront decision.
If my experiment with used nano goes well, after six month or one year, I could buy a new nano by exchanging the old car. If the experiment does not go well, sell it. Either case loss will be less.
We do not know, what is right decision. State of decision will change from time to time. Sometime our decision looks good and other time it looks bad and vice versa.
So, I will follow my will, buy a old nano within my budget, no need to avail loan. Due to my simple usecase with car, I don’t want spend too much and commit EMIs for years.
Spare parts availability is another challenge for tata nano. Because of this spare parts fear I missed Suzuki GS150R bike, but it is still running on roads.
Even If I get finance for my second hand Nano, then I could keep my lumpsum money with me. EMI will be around 3000 rupees and tenure would be 3 years. I could keep my one lakh with me for safer side.
I am stuck by decision paralysis many times. Henceforth, I have to follow my will or fear to move on from decision paralysis.
I followed my fear in buying a used car, and I did not buy used Tata Nano.