The Cost of Ownership
First there was a post on the excellent Bike Hugger blog, featuring a picture of a Local Bike Shop’s novel advertising banner (reproduced, left - click through to read their original post), and then quickrelease.tv just posted this analysis from Canada of the true $cost of car ownership. All of which got me thinking . . .
. . . so I fired up Numbers to see what my figures would come out like.
Quite shocking really. Here are my costs:
- 12,000 miles / year: £4,834, or £3,374 excluding fuel costs
- 14,000 miles / year: £5,156, or £3,453 excluding fuel costs
- 16,000 miles / year: £5,478, or £3,531 excluding fuel costs
- 18,000 miles / year: £5,801 , or £3,610 excluding fuel costs
So if for last weekend’s trip to Wales I’d not owned a car, but hired one instead, my costs would have been:
- £101 for 4-day hire + £98.56 for fuel = £199.56
It actually cost me £277 once the costs of owning a car rather than hiring one when I needed it were taken into account.
If I didn’t own a car, I’d have to change a few things in my life. But would it really be that inconvenient? When I need one for longer trips, I can easily hire one (it’s just a matter of getting organised - what I supposedly teach others to do for a living!), and most local trips can either by done by bike, on the metro, in a taxi, or just aren’t actually necessary. And with between £3,374 and £5,801 in my pocket to cover those costs, how could I not end up better off financially?
Oh, yeah, I’ve just remembered. All that money would probably end up getting spent at the bike shop before I’d traveled anywhere at all