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The Nuisance of Own Money in Automobile Purchases

Author

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  • Mohammad Shaaf Najib

    (Pakistan Institute of Development Economics, Islamabad.)

  • Usman Qadir

    (Pakistan Institute of Development Economics, Islamabad.)

Abstract

Own Money: A premium charge for immediate ownership of an automobile being sold. The supply side of passenger car manufacturing as we know it, is not functioning at full capacity. Artificial shortage is created - giving rise to the “own money” culture. The demand side has gotten habitual of this. Demand side is guilty of encouraging “own money” culture, but it is not the primary culprit.

Suggested Citation

  • Mohammad Shaaf Najib & Usman Qadir, 2021. "The Nuisance of Own Money in Automobile Purchases," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 60(3), pages 353-357.
    • Handle: RePEc:pid:journl:v:60:y:2021:i:3:p:353-357
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