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hamster":1ttvcqul said:I reckoned that any second car cost a minimum of £1000 a year in tax, insurance, bit of maintenance etc. This was about the same as 10-15 days rental per year. So I sold the second car, intending to rent whenever I needed it...which has been 6 days in 5 years.
Spent £500 of the saving on a tandem, which gets used for taking the kids around locally instead of a car. It's a win/win/win: another bike, healthier and more fun!
When I got my company car we thought about keeping our Toyota Corolla - never broke down, nothing ever needed replacing, stunningly reliable, but I still worked it out that it would need £880 a year to keep it - that included insurance, tax, 1 major service per year (with no extra work needing to be done) and MOT.
I figured it would be cheaper to hire a car if we ever needed one that much.