{"id":1503,"date":"2014-05-13T14:47:12","date_gmt":"2014-05-13T20:47:12","guid":{"rendered":"http:\/\/www.www.accurateautoadvice.com\/?p=1503"},"modified":"2017-02-07T10:24:20","modified_gmt":"2017-02-07T17:24:20","slug":"how-valuable-your-vehicle","status":"publish","type":"post","link":"https:\/\/www.accurateautoadvice.com\/the-blog\/how-valuable-your-vehicle\/","title":{"rendered":"How Valuable Your Vehicle Is in Times of Financial Crisis"},"content":{"rendered":"
Selling your car might seem like a wise move when you\u2019re experiencing a financial crisis and in some cases it might actually be. However, as a general rule it will prove advantageous to hold onto your car for the time being because your vehicle is very valuable in times of financial duress.<\/p>\n
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If you have created an emergency fund this where you should be looking for the cash required to get you through the financial crisis you\u2019re experiencing, not your car. If you haven\u2019t yet created an emergency fund<\/a> and you\u2019re not currently experiencing a financial crisis, create one.<\/p>\n It will prove far more advantageous to have an emergency fund to fall back upon than to sell your car when experiencing financial problems.<\/p>\n If you\u2019ve lost your job or had your hours cut back it often seems a wise decision to sell your car to raise funds, especially if it\u2019s convenient for you to catch public transport or get about on foot or bicycle for the time being.<\/p>\n However, if you need to seek employment elsewhere you should hold onto your car because there\u2019s always the possibility that you might need it for your next job. Moreover, some employers won\u2019t even consider job applicants without their own transportation.<\/p>\n Therefore, it\u2019s in your best interests to avoid selling your car when you\u2019re going through an employment crisis or a period of little work \u2013 it could prove to be your ticket out of a financial crisis.<\/p>\n Admittedly, cars are a source of expenses \u2013 fuel, insurance, maintenance registration, repayments, etc. \u2013 but as we\u2019ve all come to realise over the years they\u2019re a necessary expense, and quite often, one we simply can\u2019t do without.<\/p>\nEmployment Crisis<\/h1>\n
Prioritize Your Spending<\/h1>\n