A major purchase is a significant expenditure on an item or service that requires careful consideration and planning. This type of purchase typically involves a large sum of money, and may require financing or saving over time to afford it. Examples of major purchases include buying a car, home, appliance, or investing in expensive equipment for business purposes. The decision to make such a purchase is not taken lightly, as it requires careful consideration of the costs, benefits, and long-term implications of the purchase.