To buy or Not to buy? The Pros and Cons of Car Ownership

Jan 20, 12 JFIF;CREATOR: gd-jpeg v1.0 (using IJG JPEG v62), quality = 82 C    !'"#%%%),($+!$%$C   $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$`" }!1AQa"q2#BR$3br %&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz w!1AQaq"2B #3Rbr $4%&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz ?>)i)QEQEQEQEQEQEQEQEQEQEQE((RTS /R'_-QEQEQEQEQEQETW0Z&s 4uCR29P(((((*)Եp}h)ԉK@Q@Q@Q@Q@Q@8uiVh6IU ? cr&=A*]Ɗ{ _Hp;"ylNrwj;kLr3EvnbRGCY*}AfKu|QEQEQEQEQEp}jJ>OAK@Q@Q@Q@Q@Q@ LPi_ "F\p"Nkk آ)7 gu v$6blac Nw~,"7@؏OjO??>Ө>/hԿXVs%[hHd wc޴h(((((RTs__PEPEPEPE6Xıb+Nsc3imw Bv%p$ϩ

Posted by in Autos

To buy or not to buy? That is the question. When considering car hire, Sydney might seem like a city where you need your own ride. On the other hand, entering the world of car insurance quotes and fuzzy dice can seem daunting. This quick guide to the pros and cons of car ownership might help you consider your options. Photo: Alex ’77 Money Cars are a major investment, expensive to own and maintain. For price comparison, let’s look at a glacier white 3 door Toyota Yaris with auto transmission. The drive away price for this automobile, before any deals that might be had at your local, is in the vicinity of $18,241.66. Over a period of four years, the average resale time for a car, the resale value drops to about forty five percent for small cars and luxury cars. Other types of car are much lower. That makes the total investment $10,032.92 after trade in or resale. Comprehensive insurance from various companies, paid monthly, will cost the average driver another $3,301.44 (cheaper if paid annually), totalling $13,334.36. A rental for the same period as $25 a day would set you back $36,525, making purchase the clear winner financially before you account for repairs and registration, unless of course you don’t drive every day. Driving fewer than three days a week would make renting the cheaper option. Parking Do you have a garage? On street parking? When it comes to parking, the ride that brings you freedom can suddenly become a tiresome shackle. It becomes impractical to consider moving to certain locations, certain types of houses, if they don’t have sufficient parking. That’s something a non car owner doesn’t have to consider. As an added bonus, a non car owner with a garage or space can rent it out, subsidising their rental or public travel. On the other hand, if parking time is limited in your area, the council can issue you with a parking permit for your vehicle, letting you park for...

read more