Drastic Savings - Possibly dropping the car!

gadgetmind

Hooloovoo wrote: »

She decided she wanted the new model instead ... more money than sense springs to mind but I don't care if it works in my favour! [:rotfl:]

Well, quite. The last car I bought was just over three years old and the first owner lost £14kpa in depreciation for all of those three years. As they only did just over 12k miles pa, that's quiet a bit per mile!

Of course, I was once young and foolish. I bought a brand new Mazda MX-5 when they first came out, but I got my money's worth from the grins alone and the resale value was *very* good.

interestedinsaving

mgarl10024 wrote: »

Since taking up cycling (2 years ago), I found that I drastically reduced my car mileage - to the point (like someone else said) where per mile the costs of the car can be quite pricey. However, I do feel quite smug when I pop the car to the petrol station for it's 6 monthly fillup. Other benefits included increased fitness, learning new skills (bike maintenance), and actually improved journey times at rush hour.

My girlfriend has a car which she regularly uses, so we tend to use that where possible.

However, I've not quite given up my car yet. It's so handy when you are under the weather and don't feel like cycling to work, or when something crops up. She's 12 years old now, so there's little depreciation to worry about.

With your insurance, could you lower your mileage limit and see if that brings it down at all?

Good on you!