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Car subscription worth it?

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  • jimjames
    jimjames Posts: 18,697 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    lopsyfa said:
    My partner uses a car for work and travels approx 75 miles on an average so I worked out might be spending £15/day on fuel roughly. If switched to electric might be £5/day so £10/day saving switching to electric. If she worked 22 days in a month would be a saving of £220 unless I have messed something up somewhere!

    If she paid £500 month for car sub, £220 would come off that straight away, then things like tax and insurance and maintenance, doesn't seem like she would be spending extra per month but getting to drive around in a new car, thoughts?

    Her credit rating is very bad this was another reason at looking at short term subscription.
    This is a red flag for me and a false economy in my opinion. The best decision is to keep driving the car she already own.
    The car she currently drives won't last much longer, its 16 years old. 
    My car is 20 years old. It doesn't mean it won't carry on running just because it's a certain age.
    Remember the saying: if it looks too good to be true it almost certainly is.
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