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Buying a Car

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.

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Decision Paralysis

When you want to take corrrect decision, but do not know what is correct, then you can not take decision.  You keep postponding making decision.  Ths is Decision Paralysis.

Decision paralysis will not solve any problem.  It extends the current situation.  Until you take decision, your problem will not solve. Decision Paralysis continue your sufferings.

Decision Paralysis will not allow you to take a decision, because you afraid that your decision may go wrong.

How do overcome decision paralysis? When you do not have experience and information to take correct decision, take decision at your will.  Move on.  Dont get stagnated without taking a decision.  Either correct or wrong decision, both will bring change.  A change from your current state.

Take decision to know what is right and wrong.  Once you know what is right and wrong, you will be able to take right decision.  You will have a flow, where you do not need to take decision.  You will follow the flow.

When you are in decision paralysis, don’t know what is correct decision then don’t prolongate the situation.  Take a decision as per your liking or follow your fear.

Decision always brings change – good or bad – there will be a change.  Hesitation prevents change happening.

It is best to follow the flow, where you don’t need to take decision.  Use your experience and information when you have to take decision.  If you don’t have experenece and information, then follow your will or fear.  Will is best.

Take decision to take better decision in the future.

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Indulge in experience to take decision

Experience will help you to take decision, at least prevent taking wrong decision.

Take decision, execute it, have experience, will help you to take better decision in the future.  If you hesitate to take decision,  hesitate to fail, hesitate to have experience, then you will not learn anything.

Take upfront decision, fail, learn to take better decision.  You will learn from your decision.

When I had to buy a bicycle, I was confused whether to buy Geared or noGear bicycle.  I rode only NoGear cycles.  I do not know how it would be riding a Geared cycle. I was postponding to take decision as geared or non gear cycles.  Read many blogs in internet, but nothing helps me to decide with the pros and cons. They confused me.

I want to experiment with geared cycle. While purchaing a cycle for my daughter, I purchased BSA Mach woman 7 speed cycle.  It has seven gears with quick release seat post, I adjusted the seat to any height before I ride it.

By riding in different gears, I expeienced the advantages of Gears. At lower gear with high cadence, we could ride without much strain to knee and thigh.  We could ride long distance without breaking a sweat.  In hight gears with low cadence, we could achieve high speed with load to knee and thigh, resulting tiredness.

In geared cycles, we could choose the way we want. Less strain cum low speed. High speed cum high strain.  We could decide.  This is not possible in non-geared bicycles.  Geared bycles are for better than Non-Gear cycles.

After spending 8000 rupees for an upfront experience, I could take a better decision now. With a higher budget, I will buy a Geared cycle for me.  There is no Decision Paralysis now.  Now, I know greared cycle is good and suits me.

If I did not took a decision to buy a greared cycle for my daughter, I would never under go the experience of riding Geared cycle.  Still, I would be in decision paralysis as whether to buy geared cycle or not.

Expeience and information helps you to make right decision.  If you do not have experience and information then take decsion at your will.  At least, you will learn if your decision fails, your learning will help you to take correct decision in the future.

Without expeirence and information, take upfront decision, atleast your loss will be less.  You will have a learning with less expense.  Expense could be time, money, energy, and resource.

Never hesitate to take decision. At least you will have experience to take better decision in the future.

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Upfront Decision

When we take decision and we do not know our decision is right or wrong, then how do we move forward?

Unless we walk in the path, we do not know about the path.

The best way to rely on taking a decision is depend on our experience.  Experience matters when taking decision.  Experience will help us to make decisions correctly.

If we do not have sufficient experience then, only way to know the result is execute the decision – walk in the path.  In such NO EXPERIENCE scenario, we can take UPRONT DECISION

Upfront Decision is, take a decision, execute it, and try your best.  If it works out, then continue else revert from your decision.  When you are starting a business, spend less money, time, energy initially – If the business takes off, then involve more, else ramp off.  Upfront decision is try out your plan for a while with less expenditure and without expectation.  If your plan fails, then nothing to loose big.

When we do not know, what will click, then we could try many Upfront Business Models.

We should not take upfront decision in marriage or life partner,  We cannot take upfront decision in buying a home.  We can try upfront decisions in renting homes. I wanted to buy a MTB cycle.  But, I am hesitating whether MTB will suit me.  If it does not suit me, then it becomes useless, money spent to buy the cycle will be waste.  If I manage to rent the MTD cycle for a day or week and ride it, will help me to know whether the cycle will suits me or not.  If it suits me, I will buy it, otherwise I will drop.  Renting before buying is upfront decision.