I hate it when writers mess around and take a long time to get to the point of their post, and I have to keep scrolling & scrolling. You know what I mean, so I am just going to jump right into it:
- Car values have appreciated for the first time ever. This is huge. You will literally never get more money for the car you own than right now. The car lots are nearly empty & the dealerships will gladly pay you for your vehicle. I know this because we just sold my husband’s car to a dealership & they’re desperate for vehicles, particularly cars. Here is my last post: our August Financial Update where I give a bit more information, like how much we sold the car for. If you’ve been toying with the idea of selling a vehicle, do it, now. You won’t regret it, if you do, you can always buy another vehicle when the prices go back down again. There is no better time to sell your car, & probably won’t ever be, unless we have another global crises that shuts down most manufacturing for a year+. This is the biggest reason why I wanted to publish this post as soon as possible, it is time sensitive.
- It will save you money over time. Besides getting a huge check for your vehicle, it will also save you so much money monthly. No more car payment, insurance, gas, oil changes, new wipers, registration, etc. (For us, we’re saving $540/month now!)
- Selling your car is better for the planet. If you sell your car, or maybe go down to one vehicle for your household, you will ride your bike, walk, car pool, or take public transportation instead. These are all more preferable for the Earth.
- Finally, it can be great for your physical health. If you don’t always have access to a car, you may walk or bike to your destination instead. If you are using public transportation, you will have to walk to the nearest bus stop or train station. Bonus: if you are taking public transportation, then you can do whatever you want while traveling to your destination, read, get some work done, make a call, etc.
Selling your car, or going down in the number of vehicles you own, is wonderful for the Earth, your wallet, & your health! Win, win, win! These are the main reasons why we sold our vehicle. We also happen to work a block away from each other, work similar hours, are only a 15 min bike ride from our jobs, & I work from home a lot now too.
The top concern I hear when people are hesitating with selling a vehicle is: “What if my spouse & I both want to or have to be somewhere during the same time or day?”. This is my rebuttal: that scenario is a lot more infrequent than you think, but when it does happen, you two can car pool & drop one off first. Then if someone needs to get back home before the other person, they can either wait, order a Lyft or Uber, use public transportation, get a ride from a family member, friend, or co-worker, walk, use an electric scooter, or bike. Or, for example, the wife can simply drop the husband off at work & take the car back home or to their job with them, then come pick up the husband once they are done with work.
Of course, there are some households where it is necessary to have multiple vehicles. This post is about analyzing the vehicles you own to see if it is truly necessary, and maybe it is!
There are so many options! We, especially in the U.S., just default to having 1 vehicle per adult in the household, which is usually not necessary. It isn’t that hard to think of alternative ways to get you from point A to point B.
How many vehicles do you own? What is your primary transportation method? Would you sell your car? Are there any additional pros or cons of selling your car or going down to one vehicle you would like to add? Was this post helpful?
As always, thanks for reading!
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