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this post was submitted on 23 Sep 2023
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If I could guarantee that my job is remote forever, or have it written in my contract, I would sell my car.
I live a short bike ride away from the shops. I have some side bags for the ebike I built so lugging groceries isn’t too much of an issue.
The biggest shift is learning you wouldn’t shop the same way you do with a car. With a car you go to a big supermarket and load up a trolley. Spend over a hundred for a week’s worth and drive home. With a bike you kinda just buy as needed for the next couple days. You do more trips throughout the week which is kinda nice too. Forces you to get out of the house more. Benefit I realised when doing this was vegetables were less likely to just die out in the fridge since I bought as needed. Which meant I spent a little less overall.
Do you have access to food, stores, etc using public transport? How do you go about buying stuff and bringing it back home?
Your car will be worth less the longer you hang on to it. You can sell it and hang on to the money until your company tries to get everyone back in the office.
This is likely not going to be the case for the classics (old->modern-day). A Honda Jazz will lose it's value, a classic Aston? Less likely - even static some of them are works of art.
Ok but what if the Aston isn’t cared for properly and left out to rust? Then the price will go down!
Is my bringing-up-a-small-edge-case helpful? Does pointing to 1% of situations refute the general case or further the discussion in any meaningful way?
Simply pointing out that not all cars will depreciate in value. Well maintained ones should continue to hold their value until oil prices and taxes make them out-of-reach for the average citizen. Let us not forget that 80 percent of vehicles are bought in the second-hand market... Nobody has raised the prospect of killing that market off yet in a policy sense (of which I am aware).