Unless you are fortunate enough to live in a major city with a properly organized public transport network, then you are always going to struggle for independence if you don’t have your own set of wheels. The truth is there is nothing quite like the freedom that comes with owning a car and no longer having to rely of family, taxi’s or public transport to get around. But buying a vehicle is a major investment, they are not cheap and they come with a whole lot of costs as well. So how do you do it? What’s the solution to buying independence without crippling yourself financially?
Look for financing
It takes a lot of planning to be able to buy your car as a cash purchase. In most instances you will need to find somebody who is prepared to make money loans Australia. There are plenty of outfits who will offer help, but look for people who specialize in funding vehicle purchases. Provided you are credit worthy you will find that car loans from rapidloans.com.au are easy to sort out – because they are geared for it. Banks are also options but they also offer a much broader range of services and won’t necessarily have a vehicle financing expert available.
Save, save, save
Saving is a very important habit and it is not one that comes easy to everybody. The first step to successful saving is to set yourself a goal. And the second step is to create a separate account into which you can keep the saved money. The goal is easy. You want to buy a car. Or you want enough cash to make a significant deposit on the purchase. Setting up a separate account is easy as well – and it’s critical. If the money is not ring-fenced it will be spent on other things and you will never realise your goal. And recognize that it is a long-term project. You won’t have the money overnight, but it will add up quickly. Be disciplined and focussed and before you know it you will have saved up enough for your freedom.
There is no need at all to buy yourself a new car. New cars are very expensive and the second you drive it out of the showroom the value plummets. Second-hand or even older cars are the way to go. You can splash out for something new when you are old and rich, but when buying your first set of wheels there is no need for anything fancy. Indeed half the fun of an old jalopy is the fact that it has character and it needs work. Get your hands dirty fixing it up and making it truly yours.
Liberate funds you didn’t know you had
Look around your house and think about what you own. Humans tend to accumulate things and those things have value. It is very easy to forget what you have and their value, but you might find you are sitting on a small fortune. Maybe not enough to buy the car, but certainly enough to make a solid addition to your savings or to allow you get those fancy alloy wheels you think your new ride deserves. Old toys, CD’s, computer games, sport equipment, clothes… they all have value and they can all be sold. Don’t hold onto things you don’t need. Once you have identified your goal of buying a car, be ruthless in your pursuit of it and get rid of the excess things that are cluttering your life.