Factors to Consider When Owning a Car

Even before the global pandemic arose due to Covid-19 and changed the way the majority works, I am already enjoying the perks of working remotely. I am lucky that output is more important to them than seeing me walk around the workplace every single day.

Because of the pandemic which restricted the movements of workers around the world, some were able to negotiate a deal with their employers and proposed a work from home setup. Some proved that this is a more efficient way to work and discuss things. Not having to deal with traffic jams and commute on a daily basis is also a big deal physically, emotionally and even financially.



These days, things are slowly getting back to normal. I hear reports of daily traffic again and people are squeezing themselves in trains and buses in order to get to their destination on time. Because of this, some people are contemplating on getting a car again for convenience. With the surging gas prices, is it still worth it to own a car?

Photo by Samuele Errico Piccarini on Unsplash

Honestly, I can’t drive…. Yet. I am thinking of taking driving lessons in a year or two. I only want to learn how to drive if I have my own car so I can practice driving on my free time and at my own pace.

I’m sure I am not the only one thinking of such things. Is it time for you to buy your own car? Here are some factors to consider:

Do you really need one?

I work remotely. I only go out when I need to do errands (bill payments, grocery shopping etc.) and sometimes, I do work in a nearby café just for the change of scenery. Luckily, the nearest café is just walking distance from where I live. We also have a nearby pharmacy, grocery and a small lifestyle mall. If I need to go somewhere that isn’t walking distance, I just book a taxi. I only do that once or twice a month.

Of course, it depends on your needs. If your work requires you to travel daily, maybe it is more convenient for you to own a car. If you live with someone and go to work/school together, then having a car is practical.

Can you afford it?

Buying a car is just a first step. If you’re buying the car in cash, then in a way, the burden of paying monthly is lifted. If you’re taking a loan, you will need to think of how you’ll pay your dues. It also depends if you have your own parking area in your place. I heard that most condominiums offer a ridiculous amount. Will your current salary sustain the maintenance fees?

To give you an idea on how much you’ll probably spend on owning a car, check out http://www.carpaymentcalculator.net and it will give you an estimate in an instant.

Do you really want one?

Okay, do you really want one? I know some friends who are pressured to buy their own car simply because all of their friends and family members own one and they don’t want to feel out of place. If you’re willing to spend money on parking, gas, toll, maintenance etc., then go ahead. Just make sure that you really need or want one and you’re not just pressured to show off.

So that’s it for now. At the moment, I don’t think owning a car is practical at my current lifestyle since I don’t really need to travel much. I also don’t want to think about other liabilities. Ask me again in a year or two hehehe..

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