8 ms·

Are there not annual car-taxes where you live? Surely at that rate of usage selling the car is more financially efficient than keeping it!

• ghaff 3y ago
  Where I am in the US, insurance is more than excise taxes/fees. But even if you don't drive a huge number of miles/kms annually--I probably drive about 5k miles these days--you can still more or less need one day-to-day and want one for things like heading off hiking. I don't drive a lot of miles but absolutely could not live without a car.
• ahazred8ta 3y ago
  In many US states, $100-150 per year is typical.
• Tade0 3y ago
  I'll do you one better: I have full insurance coverage for the vehicle and it's 5% of its residual value annually, but I still intend to keep it. The reason is that it's an incredibly useful tool - especially for a family with small children - and I can't rely on renting services during bursts of demand like during the holidays. Also I picked a vehicle that was way less expensive than what I could afford at the time, not to mention now that my financial situation is better. Our household saves 40% of its income after taxes, but we don't choose everything (or anything really) with just financial efficiency in mind, because to me personally such a life would be quite hellish.
  • NeoTar 3y ago
    My apologies - I misread your first comment as '6 km' (rather than 6k km) annually, hence my incredulity.