If you buy a new car, it will rapidly depreciate in value, in spite of your low usage . . .
I have been telling customers that for years now, some people get it and some donāt or have the extra money to not have to care about it oneā¦ lol
Even if you have a bad year or 2 and drop $4000 - $5000 on it, that most likely will not be the norm, and then you will be ahead againā¦
If you travel a lot it might make more since, but you sound like buying a new car (unless just want it for pleasure or to reward yourself) would be a huge waste of moneyā¦
Thatās why I wouldnāt buy a new car. Instead, I would buy a new used car. But even that would be about $300 a month in payments for 60 months.
You need a graph! LOL
Even if you have a bad year or 2 and drop $4000 - $5000 on it, that most likely will not be the norm, and then you will be ahead againā¦
Hopefully. Unless the car starts to deteriorate rapidly. Then it wouldnāt be worth it. But, yeah, if itās just a bad year or two, then it should all even out at the end.
If you travel a lot it might make more since, but you sound like buying a new car (unless just want it for pleasure or to reward yourself) would be a huge waste of money
Exactly.
I dont know, my wife leases a new car every 3 years and her current lease payment is $280 per month on a 2022 Hyundai Elantra, nicely equipped.
Thatās nice. For me, I donāt need a nice car, so I donāt mind having an older, basic model.
Also, when leasing a car, you never own it. If I did decide to buy a new used car, I would then own it after 5 years, and Iād probably get at least another 5 years out of it without car payments.
So I guess depends on what youāre looking for. If I was looking for a nice car, then leasing might be a good option.
For her, the trade-off of always being covered by the manufacturerās bumper to bumper warranty is worth it.
That is a good thing, especially if you put a lot of miles on the car.
Ha. Her curent Elantra is a little over one year old with 6,800 miles. Im trying to convince her we dont need a car anymore. Ive even carefully prepared a spreadsheet detailing what our monthly Uber cost would be. Its no use
Iām actually considering the same thing, given how little I use my car. I have an ebike, and I wondered what would happen if I used my ebike to go places, sometimes with my trailer attached for hauling stuff, and occasionally taking an Uber if need be. Iād probably lose some weight and be healthier. Itās actually tempting.
Interestingly, one of the main concerns about using my ebike as my main mode of transportation is thievery. Ebikes are hot items for thieves, because theyāre easy to steal, and you can get a good amount for them. So when I do use it to go to a store, itās only if I can keep an eye on it nearby. So that severely limits what I can use it for.
I read that a lot of kids reaching driverās license age arenāt even getting their driverās licenses. They just take an Uber if they need to go somewhere. I think weāre entering into a new paradigm for transportation, especially when self-driving cars become a reality, and itāll be simple to just summon one. (Same as a Uber, I realize, but I think the cost would be less without the human driver, so itāll be more appealing as a mode of transportation.)
That would work in the city but not in the rural area like I live in there is no uber or lyft here.
Actually, a āJohnny Cabā like service might work in a more rural setting. An Uber or Lyft service now requires a human and that person earns no money driving out for the pickup and the earning only starts once the pic-up is made. Additionally, I imagine it would be a very lonely service as there are far fewer folks in need of the service if someone tried to made this a full-time professionā¦
However; a āJohnny Cabā would only have the transportation costs to consider and the company might be willing to forgo the additionally transportation cost hoping to create a market for the service.
I am surprised that a āstay at homeā person or a retiree would not want to become an Uber or Lyft driver in a rural setting. It could be a nice little part-time job, to pick up extra incomeā¦ Of course, you would never know when the service might be needed, so there is that to considerā¦ But that might make it all the more appealing, āsomething to do and on-callā.
I had a work friend that did that too. His wife wanted to lease a new Lexus ES for 3 years, until the warranty ran out, then turn it in and lease another. She drove less than 10,000 miles per year. He tried to convince her that they should buy the ES and save money until they sold it after about 10 years but sheās wasnāt swayed. She wanted the highest reliability at no additional cost. Of course he went along, the girl of his dreams wanted it. The extra cost was worth it to keep her happy.
That would work in the city but not in the rural area like I live in there is no uber or lyft here.
In the rural areas, you call for an Uber and a guy shows up on horseback.
and the company might be willing to forgo the additionally transportation cost hoping to create a market for the service.
They would probably charge a higher rate to make up the difference.
Of course he went along, the girl of his dreams wanted it. The extra cost was worth it to keep her happy.
He needed a graph! LOL
If āa guy shows up on horsebackā after calling for an Uber, that would be like an Uber showing up on an ebike if you lived in the cityā¦
I really would have expected the āRural Uberā to show up with āa Surrey With The Fringe On Topā¦ā L L . . .
Iād call for one!
UPDATE: They started working on the gaskets (valve cover and exhaust manifold) late Saturday, and told me theyād have it ready for me on Monday. Itās now Tuesday night and I havenāt heard anything. Iāll call them in the morning. Either they put my car aside and worked on other cars, or they ran into a problem and are trying to resolve it. Guess Iāll find out tomorrow.
I would never live in an area where i couldnāt depend on usually getting an Uber in under ten minutes, or having a large selection of restaurants that deliver via Door Dash.
Iāve never done the door dash thing because a) I donāt like delivery fees; b) I donāt want to have to leave a tip on top of delivery fees; and c) the food is usually cold or lukewarm by the time you get it in most cases. But a lot of people seem to like it. Obviously itās very popular and itās become the societal norm in many ways.