Asset goal -personal car

CAR-BASIC DEFINANTION USES

Car use for transportation purpose .Purchase and maintenance of car require major financial resources .Various Combination of car model available in the market .

Combination

Car with premium features

Car use for Utility Purpose

Car use for Comfort

Automated and Semi Automated Car

Family Size Car etc

BUYING DECISION -CAR

Individual should consider various points while buying a car like NEGOTITION POWER ,MARKET PRICE ,DISCOUNT AVAILABE ,NEAR FUTURE PRICE OF CAR etc.Check your decision by following formula

CAPITAL INPUT -CAR PRICE PAID

As prudent financial decision we should exchange our finance productively to achieve better financial .

Capital input is cost of capital which we are paying for acquiring any good or services.

Capital input should be lower

Improve Capital Output -Car

Capital output is what product or service you will get in exchange for money .

Improve your car output by considering following

How to Reduce Capital Input

COMPARE VARIOUS Capital Input Method to reduce your capital input .

Understand Risk and Return and Capital Saving by applying following methods

Productive Use of Car

Productive Use define use of tool or products .You can define whether you are using a product or service productively or not .Base on this you can decide whether there need to be improvement in car or you need to replace that car

RESOURCE REQUIREMENT

Understanding of various other resource require before buying a car

FACTORS AFFECTING A CAR

Understand various factors

Financial Instrument Data Model-Car

Long term data model showing what happen when amount invest in car .

Short term data model showing what happen when amount invest in car

Cluster of Related Expenses

While taking any financial decision you should consider various related expenses to that asset

Comparative Analysis of CAR Expenses

Comparative Analysis of car expense will help you to control various expenses and improve your car productive use

Sale of Car

Car sale decision should be taken when car become unproductive .

FINANCIAL EFFECT OF BUYING A CAR

Understand financial effect of buying a car on your current financial .

Opportunity Cost

Start investing in various other asset and understand various financial opportunity

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