Question: which of the following is not an advantage of owning a car?
Options:
a. Smaller down and monthly payments than leasing a car
b. Drive an unlimited number of miles
C. Flexibility to be able to customize it
d. Yours to keep and sell when you wish
Answer: a. Smaller down and monthly payments than leasing a car
Cars are great vehicles used for travel from one place to another place. There are many uses of a car such as commuting to work or education places etc and in emergency owning a car is a lifesaver.
However, there are many disadvantages to owning a car so if you are thinking which of the following is not an advantage of owning a car? Then look no more throughout this article you will find out the answer. So let’s get started.
Disadvantages Of Owning A Car
Here I’ll show you some of the disadvantages of owning a car to clarify which of the following is not an advantage of owning a car?
1. Cost
Cars are really expensive because it’s not like you just purchase a car from the showroom and that’s it. There are other expenses like Taxes, processing fees, Gas
Auto insurance, Registration fees, Routine maintenance, Repairs, Tickets, Parking costs, etc.
2. Environment Problems
Most cars run on fossil fuels and release carbon dioxide. That means it not only consumes natural resources rapidly but also releases greenhouse gases that harm the environment.
However, there are strict laws against cars’ exhaust pipes that release CO2. if you don’t make your car’s exhaust pipes clean or fail to maintain the environmental laws for cars then you get a heavy fine for that.
3. Daily Life Problem
There are too many everyday issues for owning a car. Problems like not finding the perfect place to park or parking is not available, making monthly or yearly insurance payments, friends or families wanting free rides.
4. Traffic Problem
This is a major problem for private cars. Car owners have to spend more hours in traffic jams. But if you take the metro or rail services then there is no traffic. On the other hand, on some roads, there’s a particular lane for buses.
5. Health
If you drive your car and go on a long journey or daily travel for a long time. Then you most probably have some back pain or drive hangover/drive sickness. Theres a lot of risks while driving like at night you have to be alert or you can have a major accident.
6. Taxes
Having a car means you have to increase your expenses. The government taxes are rising yearly Toll taxes, maintenance of road and air care, renewing licenses, etc.
There are other problems like daily repair or maintenance, and noise pollution causing old age people to suffer from heart diseases. Increasing accidents or injuries by reckless drivers, and problems for pedestrians.
More people own personal cars, more government expenses will increase yearly for maintaining highways, hiring more traffic police, etc.
Advantages Of Owning A Car
There are many advantages of cars. Nowadays cars are a very essential part of everyday life. Not only personal cars but also public transport even cabs are a part of today’s economy. If you own a personal car then you can go wherever and whenever you want.
Here are a few advantages of owning a car
1. Full Control Of Driving
If you own a car then you have control over the environment of driving and the speed. It is a real problem that there are some reckless drivers on the roads that lead to too many accidents happening here and there.
If you take transport or book a cab then you don’t know how they are going to drive, whether Cab drivers are reckless or not, etc. but if you own a car then you can drive and obey traffic rules to avoid accidents.
2. Time Management
Time management is one of the great benefits of having your car. You don’t have to worry about leaving your workplace or class early to avoid missing public transport.
You can ask any car owner they most probably give you the same answer that a car is a good thing for managing time. You can spend more time with your family or do any productivity/hobby.
3. Convenient
Owning a car provides a convenient way to travel daily. It allows you to travel where you like to go and when you want to go. If you have a small family and a four or five-seater car then you comfortably sit in it and load your luggage without any issue.
4. Freedom
The biggest advantage of owning a car is, that car can give you freedom. A personal car allows you to go on a road trip, a long drive, or visit any special one whenever you want, who lives far from you.
Owning a car means you can travel on your own without relying on any public transport or cab.
5. Side Hustle
This is the best advantage of owning a car that nobody talks about. You can start a side hustle by just listing your car in a cab service or you can start your own cab service/rental car.
Owning a car is beneficial for many employment opportunities like taxi drivers, delivery drivers, and truck drivers. Here is a tip for you, you can start a taxi or cab business in an area where public transport is not easily available.
Car Rental vs. Car Owning
Have you wondered what is more beneficial purchasing a car or renting a car? Here are some major pros and cons that will help you to understand what is best for you.
Renting A Car Pros And Cons
Renting a car means when you rent a car from a vehicle renting a shop for a short period. You can also choose monthly renting and yearly renting. If you rent for more than 12 months that is referred to as leasing. Here are some pros and cons of renting a car.
| Pros | Cons |
|---|---|
| Car rental agreements are very simple and processed quickly | Sometimes terms and conditions of a car rental service are complicated. |
| It is cheaper to rent a car rather than buying it | If you want money for an emergency there’s no option to sell the car or get a refund |
| You can easily switch to a new model | No permission to modify or customize the car |
| You don’t need to pay car insurance or maintenance |
Buying A Car Pros And Cons
When you purchase a car and become the one and only official owner of that car it means you bought a car unlike renting or leasing a car here the car and the liability of that car is yours. Here are some pros and cons of buying a car.
| Pros | Cons |
|---|---|
| A sense of freedom and feel rewarded after purchasing a car | Car is expensive to buy and EMI can be a huge liability |
| Customize or upgrade the car as you like (without violating any road rules) | Your car’s value decreases constantly from the moment you purchase it |
| There is no monthly mileage limit unlike some car rentals which have a monthly mileage limit | There are other expenses like insurance, license, and other taxes |
What Are The Advantages Of Owning A New Or Used Car?
You know now which of the following is not an advantage of owning a car. But when you actually have to buy a car which type of car you are going to prefer a new one or a used one?
Here are the differences between these two. Read it and know which one you should prefer.
Independence:
No matter whether you have a used or a new car your travel headaches will be going to be resolved. For any used car you have the ideas of the car already like how many miles the car already runs and how many miles it can go along with performance. For brand-new cars, you have to keep faith in the brand name and the company reviews of the products.
Paperwork:
For a new car, you have to buy new car insurance and do all the necessary paperwork. For a used car the papers will be transferred to your name along with the all necessary insurance policies and paperwork.
More Mileage:
Any new car can run more miles than any used car. And you can use these cars for many more years. Fresh engines require less maintenance and breakdown chances are very low in comparison to any used cars. Maintaining costs will always be low.
What Are The Advantages And Disadvantages Of Car Leasing?
Car leasing allowing a person to get a new car every few year .It will keep the payment system stable while leasing the car is making the car more affordable for the users.The biggest advantages of going under the leased agreement is you can actually change the model anytime and anywhere.And you can also change the model on basis of your requirement.
There are certain disadvantages of leasing a car. You can’t build up the equity in the vehicle and make a lease payment. Lease terms can be from two to five years. You can cancel your lease on basis of your requirements.Early terminations often involves a cancellation fees.When you lease a car you can make a lease payment and allowing you to drive the car.
CONCLUSION
In the end, everything has upsides and downsides. If you want to buy a car then first calculate all costs and then compare it to public transport or rental car. If you do that you can get your answer. But remember there are a lot of issues with owning a car.
So, in this article, we found out which of the following is not an advantage of owning a car? And the pros and cons of renting a car vs. buying a car. If you like this article then let us know your thoughts through comments.
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