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