Comment by magduf | Hacker News Reader

Comment by magduf | Hacker News Reader

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>Also you always have to decide, do I want to/can I spend 50 Euros today just to go hiking? Or you know you could use your own car. Yes it also costs money but its way less and more spread out.

That sounds like someone with very stupid money management. Unfortunately, this is probably the norm.

You're surely spending many hundreds of dollars/Euros per month to own and operate a private vehicle: loan, fuel, insurance, maintenance, repairs. If you go hiking every single weekend, that's 200 Euros (according to you), which still should be cheaper than owning a car. Most likely, you're not going to rent a car every weekend. So it should be pretty obvious that you'll come out way ahead if you sell your car and just rent a car for those occasional weekend hiking trips.

>I live in one of those european cities. ... We have public transport but its depressing and annoying and also expensive.

What city is that? The German cities I've visited had very inexpensive public transit, especially if you got multi-day (or longer) passes, which anyone living there probably would.

By my calculation, my car (including running costs) comes down to about 300 eur/month assuming I keep it for 5 years and get at least 1000 eur back when I sell or scrap it. (Reality: I'll probably get more out of it, or keep it longer)

Rentals start at around 28eur/day, so if I rented one every weekend (saturday+sunday), that'd be 224 eur plus fuel. Hardly cheaper.

Of course I don't travel every weekend, but when I do, it's more likely to be friday+saturday+sunday, and I do make week-long trips (and longer) a few times a year so it balances out, more or less.

Owning a car means I don't worry about making reservations, fetching and returning the vehicle, etc. It's always near the door, and I can go on a whim if a sudden need comes up, like it did just today.

> Owning a car means I don't worry about making reservations, fetching and returning the vehicle, etc. It's always near the door, and I can go on a whim if a sudden need comes up, like it did just today.

But it does mean you worry about parking, scheduled and unplanned repairs, car wash, etc.

I think there's still an untapped marker for on-demand car hire like Zipcar and similar.

Don't forget registration and inspection every 2 years (could be more or less depending on the place you live).

Good point, I forgot that too. Here in my state, yearly inspection is a bit of a PITA but pretty cheap, but there's a "car tax" ("personal property tax") that's usually hundreds or even into the thousands per year for newer cars. Other states have something similar but they call it a "registration fee".

It's once a year here, for cars as old as mine. It's not a big deal though; it takes less than an hour and you can usually go without even having a reservation. Costs less than one tank of gas.

Cars in Europe are as a rule not bought on credit.

Well in that case you're losing potential interest on that money, and also (much more significantly) depreciation.

The last time I got any interest worth mentioning on money was more than a decade ago. Yes, assets depreciate, cars more than most. So don't buy new, buy second hand.

>The last time I got any interest worth mentioning on money was more than a decade ago.

What's "worth mentioning"? My bank gives me about 2% on savings; it's not huge but it's certainly enough to switch banks over. If you're not making any interest in a bank, you're at the wrong bank.

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