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Is Buying A Car Really Worth It?

September 19, 2019 By Christine Field

This post may contain affiliate links.

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If you are looking at the clapped out banger on your driveway, you might feel like it’s time to bite the bullet and buy a new motor. However, any new car, whether driven brand new straight off the forecourt or used, is a big ticket item. Budgeting for such an expensive outlay is tough.

 

 

Image by Pixabay – CC0 Licence

There are alternatives to buying a new car. While you might have an empty space out the front of your home, you could enjoy a little more freedom financially. Take a look at why you might not need to buy a new car after all.

 

Public Transport

If you use your vehicle to commute to work or to ship the kids to school, and little else, the chances are that you could utilize the joy of public transport rather than purchasing a car. Having an asset on your driveway may sound like a good way of spending your money, but cars only ever depreciate in value. The longer you have them, the less desirable they become. If you live near a railway station or you have a bus stop nearby, trial a public transport month. See if you can complete all of your journeys without a car.

Without a vehicle, you won’t have to worry about car maintenance services, insurances, tax or running costs. You no longer have to worry about forking out for comprehensive cover and you won’t have to budget for fuel each week.

 

Hire Instead Of Buy

If you drive a little more often, enjoy putting the pedal to the metal and travel around the country, public transport won’t work. Instead, hire a car as and when you need it. This is a great idea if you like driving the best vehicles. You won’t have to hire a banger, and instead can enjoy driving the latest hybrid, or you might choose a sporty little number. Every time you hire a car, you can choose a different one, adding a touch of variety to your driving experiences. Insurance comes with the rental fee and you only have to worry about filling up the fuel tank. You could hire short term or long term depending on your needs, meaning that you never have to go without a car just because you don’t have one on your driveway.

 

Car Share

If you do fancy buying a car but you don’t want one hundred per cent of the responsibility, why not car share. Pooling resources and buying a car with a sibling or friend can help share the costs. You could split the insurance and fuel costs down the middle. You can have the car for half of the week and alternate weekends, and you don’t have to worry about spending so much on the initial purchase price. Set out some ground rules and consider sharing your car with someone that you trust.

Buying a new car is stressful at the best of times, but it can be even more exhausting when you have to look for a car on a budget. Instead, follow this guide and trial a different sort of car ownership to help you and your finances.

 

 

 

 

Filed Under: Saving money, Travel Tagged With: buying a car, should you buy a car

Previous Post: « Three Ways to Support Yourself Financially While You’re Off Work With An Injury
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Hi, I’m Christine

Have you been a wholehearted mother, but time, toddlers and teenagers have moved on? If you are wondering what comes next for you, you’ll feel right at home here.

Or, are you a mom for whom family life has been non-Pinworthy and parenting has been downright painful? I hear ya. There are many of us around.

Are you looking for a life full of exploration and adventure after the nest empties, but maybe you have no idea how to go about doing that? Stick around! We’ll explore adventures together to help you gain more clarity for your own path.

After a couple decades of writing books and articles about parenting, homeschooling and adoption, speaking to homeschoolers and other parent groups, and reaching out to the mom in the trenches who was trying to make the best of it - my kids grew up. Some grew up and grew away. I was determined to find a way out of the pain, emptiness and lack of direction.

For many of us, the journey starts with something we moms are not accustomed to. After years of caring for and serving others, sometimes we forget the beauty and wonder of US. We need to spend some time getting to know the parts of ourselves that have lain dormant, and take the time to explore interests and passions that we set aside.

I’d like to invite you to get the “What’s Next for Mom” workbook and jump into this growing tribe of Moms who are emptying the nest and filling the life! Let’s reignite your Mojo after Mothering!
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About Christine

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At Real Mom Life, my passion is to provide resources and reassurances for moms facing the surprising challenges of family life. In my writing and speaking, I explore solutions to unexpected issues in adoption, homeschooling, special needs, and more while encouraging moms to extract the maximum joy out of each day. Read More…

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