Run a Car or Taxi/Rent a car ?

GARDENPETE

What are the current figures or calculations as to running a car or using Taxi’s & hire cars? With the cost of running a car increasing all the time, is it worth it, say for only 8k miles a year. My local hire company have some great deals on at the moment & they deliver to your door. I have an 03 Toyota Yaris 1.3 which only does a max of 7k a year & is serviced by a small independent garage for a once a year service & MOT. Its used for a weekly trip to Hull & odd 3 night trips to Northumberland & then mainly local use. I live 10 mins walk from town centre & I’ve just got my bus pass ! Your comments are most appreciated.
Regards, Peter

philhuff

There's no straight forward calculation, as everybody's circumstances are different. However, using some very rough assumed figures, your car is probably costing around £225 a month, give or take £25 (depreciation, fuel, insurance, tax, etc.)

If you can rent a car and/or use buses for less than that a month, you're better off financially. Of course, you have to weigh that financial benefit (if applicable) against the benefit of convenience of having a car.