Timeline for Infrequent car rental vs. lease/buy
Current License: CC BY-SA 4.0
36 events
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| Jan 22, 2020 at 19:03 | history | edited | Nuclear Hoagie | CC BY-SA 4.0 |
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| Sep 17, 2018 at 5:24 | history | edited | Dheer |
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| Aug 6, 2018 at 11:36 | history | protected | Chris W. Rea | ||
| May 15, 2017 at 19:01 | vote | accept | Nuclear Hoagie | ||
| May 2, 2017 at 0:07 | comment | added | Jasper | Are you still in the dating market? Unless you are in the center of a very lively city (that lacks parking), it is much easier to do the "spur of the moment" things that dating requires if you have a car. | |
| Apr 30, 2017 at 18:33 | comment | added | Harper - Reinstate Monica | @jamesqf By buying things I actually need. City life provides an actual butcher shop for meat, an actual bakery for bread, an actual cheese shop, candy store, used bookstore, PC parts shop, hardware store, you get the idea. Quality is top too: When all you sell is cheese, Kraft doesn't cut it. Contrast with the weekly mega-mart run, filling the back of the Yukon with 8 grocery bags, half stuff you don't actually need. And what a chore that is! Ugh! My way is funner. | |
| Apr 30, 2017 at 18:27 | comment | added | emory | I just use zipcar when I need a car. They do multiday rentals. It might cost more than a more conventional car, but I just walk a block and it is there. The cost is inclusive (insurance, fuel, and parking). | |
| Apr 30, 2017 at 18:05 | comment | added | jamesqf | @Harper: How did you get out of debt by "making 4-5 stops along the way in local shops"? Unless you are one of those rare people who can go into shops just to look, without buying anything... | |
| Apr 30, 2017 at 4:30 | answer | added | Russell Hankins | timeline score: 0 | |
| Apr 29, 2017 at 2:03 | comment | added | Hart CO | @Harper Haha, to each their own, for sure. I like having a little space around me, and don't really like any of those things you listed, definitely not a city guy, but glad it works for you! | |
| Apr 29, 2017 at 1:55 | comment | added | Harper - Reinstate Monica | @R.. the problem with a $2k car is it's hard to do car repairs on the streets of the city. I've done jobs as big as a rearend swap but major risk. Of course now that "maker spaces" are a thing, it would be a lot easier if you can stay ahead of the maintenance curve and plan your repairs. I do this, I don't recommend it. | |
| Apr 29, 2017 at 1:50 | comment | added | Harper - Reinstate Monica | @HartCO Your loss! Moving to a large city and dumping my car is how I got myself out of debt. Instead of driving to Taco Bell and driving to Blockbuster, I walked or took the streetcar to fantastic restaurants then to an indie band, live theater, speech, party, you name it. I often just walked, making 4-5 stops along the way in local shops. Simply wonderful. This was before everything got gentrified and drove the culture away. | |
| Apr 29, 2017 at 1:31 | comment | added | Criggie | a car is a liability, not an asset. Great work for proving that other transport options work fine for your situation. | |
| Apr 28, 2017 at 18:01 | comment | added | Tim Brigham | Seems like you have things well in hand, but you might want to consider a small motorcycle / scooter would cut down on your uber bills. | |
| Apr 28, 2017 at 17:43 | comment | added | R.. GitHub STOP HELPING ICE | Why would you buy a $20k car for this level of (non-)usage? Buy a $2k car. | |
| Apr 28, 2017 at 15:55 | answer | added | coteyr | timeline score: 6 | |
| Apr 28, 2017 at 15:19 | comment | added | Chris | @quid: the OP said they rent for weekends so I suspect all those days will be consescutive. Even just assuming a 2 day rental each time that's then 10 times each way. Without knowing how convenient the rental place is though its impossible to say whether its worth $50 per trip. It might be a 5 minute walk in which case I definitely wouldn't pay $50 to avoid it! | |
| Apr 28, 2017 at 14:00 | comment | added | Freiheit | You have some parking costs for your rental car, you have to park it somewhere while it is rented if you are parking in a non-free-parking area. Not a huge cost, but it does factor in. | |
| Apr 28, 2017 at 12:29 | answer | added | Tor Klingberg | timeline score: 8 | |
| Apr 28, 2017 at 9:46 | answer | added | Chris H | timeline score: 4 | |
| Apr 27, 2017 at 21:30 | answer | added | user662852 | timeline score: 17 | |
| Apr 27, 2017 at 21:16 | history | tweeted | twitter.com/StackFinance/status/857704980794441729 | ||
| Apr 27, 2017 at 19:43 | answer | added | Pete B. | timeline score: 3 | |
| Apr 27, 2017 at 18:54 | comment | added | Hart CO | @quid Yeah I can't imagine not owning a car, but I also can't imagine living in a large city. | |
| Apr 27, 2017 at 18:44 | comment | added | quid | @HartCO, Even at 20, I would pay $1000 per year to avoid having to deal with getting to and from a rental shop 40 times a year. (20 times pick up, 20 times drop off). | |
| Apr 27, 2017 at 18:36 | answer | added | Rocky | timeline score: 39 | |
| Apr 27, 2017 at 18:36 | answer | added | Joe | timeline score: 33 | |
| Apr 27, 2017 at 18:34 | comment | added | Michael | Well, typically a leased car means you don't pay maintenance - you bring it to the dealership, so that'll save you money in the long run. Monthly payments are also lower with leases vs an auto loan (assuming you don't buy it all in cash). blog.credit.com/2015/04/… | |
| Apr 27, 2017 at 18:30 | comment | added | Nuclear Hoagie | @MichaelC. Obviously they are different, but both end up with me being responsible the car on a daily basis for several years with regard to insurance, maintenance, parking, etc. | |
| Apr 27, 2017 at 18:27 | comment | added | Michael | Buying and leasing are two different things. | |
| Apr 27, 2017 at 18:26 | history | edited | Nuclear Hoagie | CC BY-SA 3.0 |
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| Apr 27, 2017 at 18:16 | comment | added | jamesqf | Other factors to consider are time & expense of getting to/from the car rental space, whether rentals charge by miles or days (e.g. you go for a week's vacation, but only drive the first & last days), adjustment to unfamiliar cars, &c. | |
| Apr 27, 2017 at 18:14 | comment | added | Hart CO | @quid looks like only 20 rental days per year are expected. Even a free car could easily average over $1000/year in upkeep/insurance/registration. | |
| Apr 27, 2017 at 18:07 | comment | added | quid | You could also buy a $5,000 well used car, spend on its maintenance and sell it in 5 years for closer to $5,000, older lower cost cars depreciate more slowly. If you need a car for 200 days a year, unless its for long periods at a time, I would not want to deal with going to the rental shop every couple of days to pick up or return a car (notwithstanding the cost of getting to and from the rental shop). | |
| Apr 27, 2017 at 17:53 | comment | added | Hart CO | Does the $50/day for rental include insurance, since you aren't covered under a separate policy? I don't think you're missing anything, cars are expensive to own. | |
| Apr 27, 2017 at 17:40 | history | asked | Nuclear Hoagie | CC BY-SA 3.0 |