how much to give up your car?
Most of you know I commute a long way to work (over 100 miles a day round trip) and I car share where possible with a lad from Padiham and another from Rawtenstall. Last night whilst stuck in the Q's on the M6 over Thelwall we got to discussing just how much teh goverment would have to put up fuel and taxes etc that would have an effect on us.
I drive a relatively old car ( 97 Volvo ) which IO converted to LPG when I bought it nearly 3 years and approaching 100K miles ago. It cost me just over £5K all in back then and I tend to work on if I get 1 year for each £1K then I'm doing alright due to the mileage I do. It costs me about £12 a day in LPG and just short of £200 in road tax. Tyres I reckon on £1/day and its usually ~£400 a year for insurance.
We got to talking about road tax and the new £1000 4x4 tax that is coming in. I argues that if you're paying >£40K for a X5/Range Rover/Q7 etc then that £1K isn't that much and even if it was every year it wouldn't stop people buying them new. However, would you consider buying one second hand if they had that amount of road tax no matter what age they were? I put forward that untill they reach the sub £5K then depreciation is far more costly than the actual running costs of the car in the majority of cases.
Again with fuel, just how much would it take fuel to go up before you considered buying a smaller more economical(less fun/prestigous) car than what you drive now? My thoughts were that it would push me more into looking into other things, working from home more often, car sharing more than we do already etc.
any thoughts or views?
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