In an era where car ownership symbolizes independence and convenience, a young professional has taken a leap of faith, embracing the responsibility of a new vehicle despite financial constraints. The story of this individual, who goes by the username 可期 on the Coolapk developer platform, highlights the challenges and aspirations of young consumers in China.
The Decision to Buy
On August 1, 可期 secured a driver’s license, and just a day later, on August 2, they took out a full loan to purchase a驱逐舰05 (Destroyer 05), a model that retails for approximately 798,000 yuan (including insurance and service fees, the total came to 880,000 yuan). The purchase decision was straightforward: 能跑能遮风挡雨就行了 (It can run and keep the wind and rain out).
Financial Background
The buyer’s financial background is anything but straightforward. With limited financial support from family and a modest annual salary of 75,000 yuan from a government job, 可期 has taken on significant debt. Last year, they bought a house with a loan, and this year, they have managed to pay off most of the borrowed money, leaving them with around 50,000 yuan in debt. The new car purchase has added an additional 90,000 yuan to their consumer loans.
Monthly Expenses
The monthly financial burden is substantial. With a salary of 4,600 yuan, the combined interest from the car loan, mortgage, and consumer loan is nearly 3,000 yuan. Despite this, 可期 is planning to take out another loan of over 100,000 yuan by the end of the year to renovate their house. The commitment to financial sacrifice is clear: 省吃俭用苦几年冲就完事了 (Save, endure hardship for a few years, and then it will be done).
The Psychological Drive
The decision to buy a car is not just about practicality; it’s also psychological. 可期 has been commuting 2 kilometers to work on an electric bike for three years. The desire for a personal mode of transportation, especially one that offers protection from the elements, was strong. At least I won’t have to worry about commuting, and I won’t suffer in the rain or wind, they said.
A Common Trend
This story is not unique. Many young people in China are facing similar financial challenges while striving to achieve the milestones of adulthood, such as buying a house and a car. The phrase 犹豫就会败北，798冲就行了 (Hesitation leads to defeat, just go for it with 798) encapsulates a common mindset among young consumers: a willingness to take risks and make sacrifices for immediate gratification and long-term security.
Conclusion
The story of 可期 reflects the complex financial landscape that young professionals in China navigate. With limited financial support and modest salaries, many are turning to loans to achieve their goals. While the financial strain is undeniable, the determination to succeed and the desire for independence and comfort are powerful motivators. As 可期 and others like them strive to balance debt and ambition, their experiences offer valuable insights into the financial behaviors and aspirations of a generation.
This article is based on a post from the Coolapk developer platform and provides an overview of the financial challenges and aspirations of young car buyers in China.
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