I do wonder if there’s going to be a crash on the car market shortly
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Mrs Cyclops and I each have cars, but our mileage these days is about a quarter of what we used to clock when we were working before the virus struck.
In November, the cars are taxed, insured, MOT'd and serviced - an expensive month! I'm seriously thinking of only using one car, which we would share, and storing the other on the driveway until some semblance of normal life returns.
Any thoughts? Anyone else in a similar position?
I do wonder if there’s going to be a crash on the car market shortly
I've only got one car and I've even thought of getting rid of that. I live in Cardiff and work in Newport, if I didn't want to go back to the office, as working from home sucks the life out of my, I'd get rid of it for sure.
Definitely a whole different landscape ahead for many business sectors.
Would the savings be that much
You can SORN the car, so save on today tax, you can let the MOT lapse, so another saving
You would have to insure the car if parked on the drive incase someone stole it, though if you were prepared to risk it, you wouldnt need to insure it either, thus another saving
In March one of ours was due for MOT, insurance and tax. We SORNed it and haven’t missed it at all. Things might change now as my wife is due with our second child but I’ve considered getting rid.
As other people have said SORN one of the cars for 6 months to see if you can live without but thereby saving on upcoming road tax, MOT and servicing costs. If you cope without it then you can sell the second car.
(I have a track car which I SORN for 6 months every year as I only use it occasionally during the summer months and then keep in our garage: it is a very easy process that takes less than 5 minutes online)
Get an e-scooter
The car's travelled 35 miles since March (lockdown).
Seriously thinking of getting rid of it.
Anyone want a 7 seater Vauxhall (god knows how old it is, 14 years I think)
Got rid of my wife's car in the summer, lost a little bit of money but there was no point in keeping it. I've gone from doing 26k a year just for work to doing absolutely nothing and it looks like all my meetings will continue via zoom/Skype for a long time to come. Saving in the long run.
Plus I live in Canton so parking is a lot easier with one car!
Not so easy when you live out In the sticks, like me.
I've got 3 cars. 🤒
Me and my wife decided about 4 years ago to drop from 2 cars to 1, it just saved so much money and rarely effects us but then we both worked in Cardiff centre (pre covid) so we could mostly commute together. There were times one would work late or was meeting friends but it's easier enough for us to get the train.
It's worked well for us.
Yeah me and the ex wife went down to one car when she went on maternity leave for a year. saves a fortune if you can do it.
Hopefully this period in history will mark a change in employers attitudes to repmote working and many of us can spend less of our lives in cars, burning fossil fuels etc
It's only the first step but when my insurance was up last week I removed the need for a courtesy car if mine was off the road.
My missus retired earlier this year, and i doubt if she's done more than 300 miles since March, so there's a 2 year old car sat on the drive doing sweet FA.
Since March I've filled the car up at the pumps three times; I normally filled up every 3 weeks. I've always gone for a large saloon car but seriously thinking of downsizing to a mini, focus type car, even contemplating an electric one.
We dropped from 2 to 1 a few years back. As I get public transport to work (usually) we've found it works fine and we've saved quite a bit on running costs. We live near a town centre mind so can just walk into town for emergency provisions if needs be and the car is not around. Perhaps needs a bit more planning if you live in the sticks.
I’d put it up for sale for the average of what you’d easily buy another for. If it sells then keep the money safe and if it doesn’t you’ve had a bit of time to think. Get what people saying about putting it on SORN but things go wrong more with cars left standing about
Should we tax 2 , 3 of 4 car householders more to save the planet ?
I got rid on one of my two cars juts four weeks ago. Since March I had done 1400 miles, I would normally have done about 6000 in that time. And I was paying a PCP contract and insurance/tax on top. So a big saving, we really didn't need two cars to be used at the same time.
When the Vehicle is SORN it doesnt need to be insured , in the classic car world they do a " laid up insurance "
I guess it depends on the value of the vehicle, if its not the highest value, its got to be worth the risk, i know i would park my C1 on my drive and risk it, as it is only worth £1500, but i certainly wouldnt leave my VW splitty on the drive uninsured ( though it spent a few years in my garage uninsured a few years back )