My friend, Wilson, is forced to purchase a new car with the imposition of ridiculous new conditions under the just announced National Automotive Policy (NAP) during the unveiling of Budget 2010 yesterday. Frankly, I am not agreeable to any of the conditions as well, clearly made to protect the local automotive industry.
I have been thinking of buying an older car lately although I do not need a car but then with these conditions, it looks like owning an older car is no longer viable and I, along with everyone in the same boat with Wilson and I, would have to purchase a new car, be burdened with a car loan for at least five to nine years and yet, can only afford to drive a local car.
For me, though, I am shelving my plan to buy a car for the time being since I don't need one for the moment and can use the family car but for Wilson and many working people like him, a car is a necessity and is a work too.
Luckily for Wilson, though, his company has a Car allowance program which reimburses Wilson for the use of his car for work purposes so he is not incurring extra monthly expenses despite the commitment of a new car. However, for people who cannot afford a new car and do not have employers like Wilson's it would be a major problem for them once these new conditions are imposed under the NAP.
I have been thinking of buying an older car lately although I do not need a car but then with these conditions, it looks like owning an older car is no longer viable and I, along with everyone in the same boat with Wilson and I, would have to purchase a new car, be burdened with a car loan for at least five to nine years and yet, can only afford to drive a local car.
For me, though, I am shelving my plan to buy a car for the time being since I don't need one for the moment and can use the family car but for Wilson and many working people like him, a car is a necessity and is a work too.
Luckily for Wilson, though, his company has a Car allowance program which reimburses Wilson for the use of his car for work purposes so he is not incurring extra monthly expenses despite the commitment of a new car. However, for people who cannot afford a new car and do not have employers like Wilson's it would be a major problem for them once these new conditions are imposed under the NAP.
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