Who isn’t trying to save money? While two cars per family is the norm, there are ways that you can get around having one. My husband and I recently found ourselves in a situation that allowed us to nix the second car!
Due to a long commute, high gasoline and repair costs, along with our desire to raise our infant daughter at home instead of daycare, my husband and I looked at our budget. After looking at how much it was actually costing me to go to work and what monthly daycare costs were, we decided that I should quit my day job. Now, I stay at home with my daughter and, with my particular training and work experience, I’m able to do freelance work from home to still help contribute financially to my family.
Since I didn’t need 24/7 access to a vehicle, it was a no-brainer for us to put up our second car for sale when my husband’s new job came with access to a company car. While the company car is available for our own personal use, we have to pay so many cents per mile to use it. While we do whatever possible not to have to put personal miles on that company car, it is a relief to know that we do have a back-up car should something happen to our main car.
As we live in a small city in a sparsely-populated area of the Midwest, there is no access to public transportation, just a taxi cab service that runs solely inside the city limits. While we can do without a second car at this time in our lives, we certainly can’t see being able to give up the one we still have. So, we do have full insurance coverage on our main car, even though its no spring chicken anymore.
Another perk of having access to my husband’s company car is that I’m saving money on my car insurance. I told my agent that our main car is no longer used primarily for commuting to work. The savings will probably add up to $100 or less per year, but any bit helps!
While ditching a car may not work for everyone’s situation, it can’t hurt to access your family’s transportation needs. Can you commute with other co-workers? Can you work from home? Is there a way to move closer to your workplace? Do you want to seek out jobs that include a company vehicle for work and/or personal use? The possibility of getting rid of a wallet-draining second vehicle may be closer than you think.