I'm considering going carless. Want your input.
Financial considerations:
+~$2500 a year in Insurance
+~1200 a year for renting out parking spot
+ maintenance, oil, repairs, etc.
- whatever I'll spend on cabbing, TTCing and car rentals.
The plan is to sell the car to parents and put money into TFSA. God knows there's plenty of space.
Consider:
It's parked at their place more then half of the time anyways.
I don't really need it. They will have to buy a new one very soon, with grandparents coming here and all.
When I do need to get somewhere in Toronto, biking, cabbing and TTCing comes out way cheaper, if somewhat inconvenient. Plus, at this point I all but lost my hatered for public transit.
There is a Enterprise Rental 15 minutes of walking from me, so if I ever need a car to go out of town - Waterloo, Montral, US, I can always rent one. It's not that expensive, if a credit card covers insurance, and I get to drive a different new car all the time.
I can also always borrow the car from parents for the weekend. They've been borrowing it for the last half a year.
Downside:
I don't get to ride around like a bous in a shiny bigass SUV.
I kinda really like this car.
+~$2500 a year in Insurance
+~1200 a year for renting out parking spot
+ maintenance, oil, repairs, etc.
- whatever I'll spend on cabbing, TTCing and car rentals.
The plan is to sell the car to parents and put money into TFSA. God knows there's plenty of space.
Consider:
It's parked at their place more then half of the time anyways.
I don't really need it. They will have to buy a new one very soon, with grandparents coming here and all.
When I do need to get somewhere in Toronto, biking, cabbing and TTCing comes out way cheaper, if somewhat inconvenient. Plus, at this point I all but lost my hatered for public transit.
There is a Enterprise Rental 15 minutes of walking from me, so if I ever need a car to go out of town - Waterloo, Montral, US, I can always rent one. It's not that expensive, if a credit card covers insurance, and I get to drive a different new car all the time.
I can also always borrow the car from parents for the weekend. They've been borrowing it for the last half a year.
Downside:
I don't get to ride around like a bous in a shiny bigass SUV.
I kinda really like this car.