Several times, I considered and decided to withdraw my hive and purchase a car, which is my sole requirement. But when I consider my hard work and the years I've spent on this platform, I change my mind and decide to not withdraw #hive. On the other had, I also require a car to buy, which is a basic requirement for me.
I recently sold my car for 12LAC Pakistani Rupees because it had taken its time and had become old. As a result, I decided to sell this car and purchase a newer model. According to my calculations, I required another 6 lac rupees to buy an excellent car that will aid me and fulfill my needs but currently I have no fund to buy car.
I considered what to do with this and eventually decided to sell some #hive and buy that car. But after some hard thought, I realized that car financing through a bank is another viable choice for me. But one thing that worried me about financing was that banks charge high interest rates on it.
The KIBOR rate, which is currently at 28%, has become far too high. That is, if I buy a car with the help of a bank, I must pay an additional 28%. This is a large sum, and I did not agree with it at all.
I have worked in a bank for three years and know that there is no KIBOR rate or interest for staff members. That is, if you undertake auto financing and buy a car at 18Lac, you must pay the same amount as you did when you bought the car.
I considered finding a family or a friend who is currently staff in a bank who could assist me in purchasing a car while I continued to pay them on a monthly basis. I called my friend, who agreed to assist me with this difficulty. He will buy a car on his own with no interest.
Meezan Bank is one of the best banks for car loans. The main reason is because they charge lower interest rates than other banks. The good news is that my friend works for Meezan Bank, which will assist me in purchasing a car with no interest.
One of the issues that has been resolved thus far is that my friend will purchase a car for me through a bank. But what about the monthly payments I have to make to a friend? I also have a solution, which is to pay what I make on a monthly basis from the hive.
After curating and publishing contents on a regular basis, I earn between $27,000 and $30,000. According to the bank's requirements, I must pay roughly $25,000 every month for the next five years. In this regard, #HIVE fixed the problem, and I can easily pay the monthly fee of 25K PKR from HIVE.
That is why, with strategy, you will never be at a lost. If I had sold my hive coins, I'm sure I'd be regretting it later when I see the price of hive at sky. This is how a fantastic concept and technique helped me overcome the problem of buying a car with no interest and also paying monthly payments with the help of hive.
I currently have two sources of income: one from #hive and one from my business and investments. My #hive blogging revenue will help me pay my monthly bank payment, and another income will help me meet my monthly expenses.
In addition, I will obtain an excellent car that will meet my needs. That is why I always like to have two income streams. If you are a businessman, work in a private department, have other investments, or are a government employee, you must also begin working in #hive.
This will provide you with several sources of income and will assist you in an emergency situation. As a result, I am grateful to #HIVE for resolving my issue, and I can now comfortably handle my monthly bank payment.
With the assistance of HIVE, I am making an effort to inform you about Car Financing. I also talk about how #HIVE income can help you with unexpected expenses and how you can better plan for the future. I hope you find this post educational and informative, and I hope you enjoy it. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.
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IMAGES AND GIF TAKEN FROM CANVA, EDITED IN CANVA