Power of Patience: Why Waiting for the Right Car Matters
Written on
Chapter 1: The Waiting Game
My trip to the dealership ended with a delayed purchase, but I realized there's strength in patience.
"They're telling me the specific features I want for this vehicle are limited due to parts shortages, so I’ll have to wait for the next model to fulfill most of my preferences."
That’s perfectly acceptable to me.
I have no urgency.
Why am I comfortable waiting, even after having desired a new car for over a decade? Well, I’ve already waited this long, so why not hold out a little longer?
If I were to leave this world today, I wouldn't have any regrets about the car I currently drive; if I did, I would consider that a problem.
Section 1.1: The Urgency to Buy
The reality of car buying is that many individuals struggle with patience.
They often don't want to delay paying off their vehicle.
They hesitate to build their emergency savings.
They rush to purchase a car outright without waiting to save.
They’re unwilling to pause until they can make a substantial payment.
They want instant gratification and to escape the cycle of living paycheck to paycheck.
They crave financial security and wish to bolster their retirement savings.
They desire multiple income streams without delay.
The desire to drive the latest model immediately can lead to unhealthy financial habits and a false sense of self-worth.
Subsection 1.1.1: The Cost of Impatience
I’m uncertain how long my wait for the next vehicle will last because I refuse to compromise on the features I want.
If you’re going to invest in a depreciating asset like a car, ensure that it’s a valuable investment that you've thoughtfully considered.
A car should never hinder your financial stability or objectives.
You shouldn't shift from a positive net worth to a negative one.
Your monthly investments shouldn't suffer for a car payment.
Try to keep car-related expenses below 10% of your net income.
Section 1.2: The Illusion of Wealth
Many individuals will never achieve financial freedom due to a lack of discipline.
It requires mental and financial strength to resist making impulsive purchases.
Settling for less is often the easier route, providing instant gratification.
As income rises, it becomes tempting to indulge in unnecessary purchases, which can lead to financial strain.
Those who appear affluent may actually be living paycheck to paycheck, eagerly awaiting their next payment to maintain their lifestyle.
They’re often driven by a need that affects their financial health.
Chapter 2: Learning to Say No
Why a Car Dealer Won't Call YOU Back - 5 Main Reasons
This video breaks down the top reasons why car dealers may not follow up with potential buyers and the implications of these actions.
How Auto Lenders Can Disable Your Car If You Miss Payment
In this video, we explore how auto lenders have the ability to disable your vehicle if payments are missed, highlighting the importance of financial responsibility.
Learn to recognize when to decline seemingly appealing financial opportunities that do not align with your true needs.
Practice saying "no" and learn to wait for purchases that genuinely resonate with you.
Adopt a mindset of patience rather than one of impulsivity.
⭐️ Get free ebooks — Become a medium member
This article is for informational purposes only and should not be considered financial or legal advice. Always consult a financial professional before making significant financial decisions.
Subscribe to DDIntel Here.