I use my car, on average, once a week on Saturdays to drive out to Redmond to join friends for running out at Marymoore Park. For that luxury I pay about $102.50, not including gas. Maybe it’s time to rethink the whole idea of having a car.
The monthly expenses break down like this:
$86 – insurance
$130 – parking
$194 – car payment
I can get around most anywhere I need to go with the bus pass my employer provides at no cost to me — including out to Redmond. And for those times when I do need a car, there are several ZipCars just around the corner from my apartment. Even using one for a whole day is just $71.
And if I sold the car before I register it with the state, that’d be even fewer pennies out of my pocket. (Yes, I’m suppose to have registered it already. I finally got it emissions tested last week so I’m one step closer.) And given my car gets between 40 and 50 mpg, it’d probably sell quite decently with today’s gas prices.
It all comes down to how much I’m willing to pay for convenience. Right now it looks like at least $102.50/week.