Thinking outside the box here, but I'm feeling as if personal ownership is almost a waste of time for me.
In the last ten months, I've been home for maybe two, otherwise working out-of-province ("state"). I have spent more than that on repairs, deductibles, and other such expenses with owning one's own vehicle. My F150 just had $567 of repairs done, of which I'm on the hook for half of that. I still have an extra $600~ish of parts I need to purchase (rear disks and pads, one shock), that I will replace myself, to "complete" the to-do list on my truck - and I'm not including everything else repaired in the last twelve months. So I have literally spent over three dollars for every kilometer driven with this truck. If I sat down and cranked out the numbers, I'm pretty terrified of figuring out it's probably closer five bucks per kilometer when I include the monthly payments I'm still making on it. While I only have four more monthly payments to make, it seems a drag to lose so much personal equity to something that will eventually devalue to nearly nothing.
On that note, dragging a truck down to the airport four hours from my home, if I choose not to ride the bus cross-country instead, is a costly proposition. More so when you factor in parking/shuttle to the airport. While it's currently an option to work out of province, it provides a much better paycheck which is direly needed.
I'm considering leaving my current employer and heading to another one, where out-of-province work is a defacto and required.
Leasing, even going the Lease-buster route, doesn't seem to make any sense, because any monthly savings you might have are going to be lost on the GAP insurance rider required with said lease proposition.
Just a few Q's:
1) I tow a small fishing boat. I noticed that almost all the trucks on rental lots nowadays have a hitch receiver and 4x4 (minus uhaul on the 4x4 part), are they also wired up for a 4-pin trailer lightset?
2) Has anyone costed this out if it's a good financial proposition? For the record, I have vehicle coverage with my premium credit card, so I can really rent for those low posted rates.
3) Has switching personal belongings (and a carseat in my case - separated dad) been much of a bother for those who just rent?
On a more philosophical note, did anyone feel like they lost their "soul" without their "own" car in the driveway? I think that's the part that bothers me the most.
In the last ten months, I've been home for maybe two, otherwise working out-of-province ("state"). I have spent more than that on repairs, deductibles, and other such expenses with owning one's own vehicle. My F150 just had $567 of repairs done, of which I'm on the hook for half of that. I still have an extra $600~ish of parts I need to purchase (rear disks and pads, one shock), that I will replace myself, to "complete" the to-do list on my truck - and I'm not including everything else repaired in the last twelve months. So I have literally spent over three dollars for every kilometer driven with this truck. If I sat down and cranked out the numbers, I'm pretty terrified of figuring out it's probably closer five bucks per kilometer when I include the monthly payments I'm still making on it. While I only have four more monthly payments to make, it seems a drag to lose so much personal equity to something that will eventually devalue to nearly nothing.
On that note, dragging a truck down to the airport four hours from my home, if I choose not to ride the bus cross-country instead, is a costly proposition. More so when you factor in parking/shuttle to the airport. While it's currently an option to work out of province, it provides a much better paycheck which is direly needed.
I'm considering leaving my current employer and heading to another one, where out-of-province work is a defacto and required.
Leasing, even going the Lease-buster route, doesn't seem to make any sense, because any monthly savings you might have are going to be lost on the GAP insurance rider required with said lease proposition.
Just a few Q's:
1) I tow a small fishing boat. I noticed that almost all the trucks on rental lots nowadays have a hitch receiver and 4x4 (minus uhaul on the 4x4 part), are they also wired up for a 4-pin trailer lightset?
2) Has anyone costed this out if it's a good financial proposition? For the record, I have vehicle coverage with my premium credit card, so I can really rent for those low posted rates.
3) Has switching personal belongings (and a carseat in my case - separated dad) been much of a bother for those who just rent?
On a more philosophical note, did anyone feel like they lost their "soul" without their "own" car in the driveway? I think that's the part that bothers me the most.
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