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If you are wondering what could possibly go wrong when it comes to owning a car, here's a list for you;
1. Financial burden: Owning a car comes with significant expenses beyond the purchase price, such as insurance, fuel, maintenance, parking, and registration fees.
These costs can strain your budget and create financial problems if you're not prepared.
2. Parking challenges: Finding parking can be a hassle, especially in crowded cities.
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Owning a car may not guarantee easy and convenient parking, and it can even lead to parking-related stress.
3. Depreciation: Cars typically lose value over time. Your car's depreciation can be a financial burden, as you might not recoup your initial investment when you decide to sell it.
4. Maintenance and repairs: Cars require regular maintenance and can break down unexpectedly.
These unforeseen expenses can strain your finances and cause problems if you're unprepared.
5. Social and economic factors: Owning a car is not feasible for everyone due to socioeconomic factors.
Some individuals may face barriers such as high insurance costs, a hike in fuel prices, or high import duties.
While having a car can be convenient and provide mobility, it's important to recognize that it won't solve all your problems and may introduce new challenges.
The decision to own a car should be made thoughtfully, taking into account your individual circumstances and considering alternative transportation options that may better align with your needs and values.