How not to buy a car: A lot to learn with a little humor
Let’s just say it: We’ve all been there. We’ve all had that one mistake that becomes a game changer in our lives: A Blunder. A Blunder is a mistake we never think we could ever be capable of until we actually do it. Because that idea of performing that mistake is so imprudent and our brain never prepares to fire the right neurons to deem the appropriate reaction for that situation, thus, when it actually happens, our conscious and subconscious mind both can completely shut down because no neurons have been fired, hence, the expression, “my mind is blank right now.” For me, that blunder was buying a car first month into college at the Kelley School of Business Indianapolis, Indiana. A friend of mine who is a car enthusiast like me, first brought up the idea of me buying a car while I’m here because of the lack of public transportation and the lack of convenience in terms of distance. Although I was skeptical at first, when I actually started going and looking at possible cars, the sly thief that steals your logical side named temptation kicked in and I decided to buy one. However, the question isn’t that why did the temptation kick in? Because even if I did buy a car, if I was careful about it and planned everything methodically, It could’ve still been a calculated mistake. The real question is, what turned it into a blunder? Here are some facts about the car that might help you: 1) It was a 1968 Cadillac Coupe Deville. 2) The car wasn’t insured and antique cars’ insurances are expensive. 3) The title deed wasn’t in my name for the 30 days I had it. 4) I bought it from someone who claimed to be a friend of the previous deceased owner. 4)Finally, I lost the original keys at the local cinema and only had my duplicate. It is always said, “Information is power.” Here is the information but I still never had the power. Ultimately, I had to give it back to the previous owner for only a fifth of the cost price, leading me to a heavy loss, and when you look at it from a college student’s perspective, I was quite broke. There are two lessons to learn from this story: 1) Never pay for a car using your tuition money. 2) When buying a car in the United States, there are a set of tips that you can follow so that it doesn’t lead to a blunder in the future or a loss for that matter. Here are some tips: 1) Always know enough about your seller to make an informed decision. 2) Never buy an antique car unless your costs and allocation are in order or, you are a collector of them. 3) Even though you have a 30-day period in the United States after buying a car, make sure it is insured by the second week end maximum so that there isn’t any hassle. And if you can’t seem to remember, the next best solution is to lease a car by paying monthly fees depending on the car and hiring your own personal mechanic to check the car before buying as those cars are insured. Or you can buy a car from a dealer instead of an individual as those are also more likely to be insured. 4) Finally, do not buy brand new cars there as their resale value goes down very quickly, especially American-made cars because they’re not that efficient as compared to the Japanese. So, it is better to stick with an excellent or very good condition second hand car after all checking is done. And people, only buy a car with the intent of keeping it. So make sure your planning and your money are in order when you do.