According to Experian, the average family owns two cars, while 35 percent of American households own three cars or more.
Longevity. If you own a second vehicle, there is a greater likelihood that your vehicles will last longer and need less maintenance over time. If you drive 1,000 miles per month with one vehicle, you are probably getting pretty consistent oil changes, tire rotations, and refilling the tank.
By owning one less car, you will obviously save money on gas, but that is not the only thing you would have money on. Cars need maintenance such as oil changes, tire rotations, and mechanical work. You will save on tag fees and possibly taxes as well depending on your state.
Five tips for becoming a one-car family
See the full list of the longest-lasting car brands below:
It is fine for a single person to own multiple cars but just having a spare in case one breaks is somewhat foolish. You would be better off just renting a car when your car breaks and is being repaired.
Owning 2 cars is pretty expensive though, so make sure they're both pretty reliable. Costs are doubled for everything, 2 sets of tires, double oil changes, insurance, etc.. ... Insurance gives me a discount since both cars get half the mileage now, but it definitely is still more than I'd usually pay.
So when might it make sense to buy a second car for commuting? If your commute is longer, for one: with a 60-mile round trip (and certainly a 100-mile commute), the savings start to materialize. The other scenario in which buying a commuting car would make sense is if gas prices hit $10.
As with all homeless people, finding food, warmth and a place to clean up is a constant struggle. But for those who live in their cars, remaining inconspicuous is its own challenge, and though living this way is illegal in most places, experts and advocates believe it is a growing trend.
Open a family Uber account or set up carpooling with friends and neighbors as alternate transportation when the schedules overlap. Download an App like Cozi or Google Calendar to coordinate schedules and keep everyone in the loop when those schedules change.
The latest report from IHS Automotive states that 11.5 years is the average age of U.S. automobiles on the road right now. This number has been increasing steadily since 2002. Today the average person buys 9.4 cars per lifetime.
Owning two cars is a good solution. If you live in an area with poor public transportation, owning two cars is also a good idea. However, if you want to achieve financial independence sooner, I would own just one car. It all depends on your objectives and family's needs.
Many families have two cars or more, but couples can cut back to one car in retirement. ... By sharing one car per family, you save on insurance, car payments, repairs, maintenance costs, gasoline, and parking. It's not worth the extra expense to keep another car around if you don't drive it to work every day.
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