Finance · FORTUNE
Fortune #39
Mixed — reflect carefully
An affordable-looking car payment may hide other costs. Add interest, insurance, fuel, and maintenance over the time you expect to own it.
QUOTE CARD
A quote for you
“ความไม่พอใจอันศักดิ์สิทธิ์เช่นนั้น เกิดจากการสังเกตลูกค้าและพบว่าสิ่งต่างๆ สามารถดีขึ้นได้เสมอ”
— เจฟฟ์ เบโซส
ผู้ก่อตั้ง Amazon และผู้ประกอบการด้านเทคโนโลยีและอวกาศชาวอเมริกัน
- Person
- Jeff Bezos
- Source work
- Jeff Bezos explains why Amazon doesn’t really care about its competitors 17 September, 2013.
- Source text
- That kind of divine discontent comes from observing customers and noticing that things can always be better.
STORY & REFLECTION
A car payment and the repair day
Guidance-based illustration · A car payment and the repair day
Illustrative scene: A worker chooses a car based on the advertised installment. They overlook insurance, fuel, parking, and the eventual repair or tire bill.
They add monthly and annual running costs, read the hire-purchase terms, and compare the total with income after essentials. The preferred car still needs an affordable plan.
The Bank of Thailand explains that vehicle hire purchase brings installments, upkeep responsibilities, and possible other costs. A monthly installment alone does not show the full cost of using a car.
The installment is only one line in the cost of a car.
Reflection
A low monthly payment does not mean a low total cost.
A small action today
Total interest, insurance, tax, fuel, maintenance, and depreciation before choosing.
A question to reflect on
Is this car still suitable after monthly and annual costs are included?