How Much Does Your Car Really Cost You?
Ever thought about how much time your car spends in the drive, in a car park or otherwise not being used? When you factor this in you will be amazed about how much your car is really costing you. Read the article and download the free MeanyGoat Car Cost Calculator to learn more.
Car Cost Calculator
Download the MeanyGoat Car Use Calculator!
Download the MeanyGoat Car Use Calculator excel file and fill in the green cells with either real data from your records or your best guess. The more accurate the data the better the result…but the idea is just to put your car expenses into perspective. If you own a car then most of the time it is parked doing nothing. In fact typically you will find that at least 90% of the time you car is doing nothing….WOW! When you look at the actual cost per travel hour then your car is probably costing you something like 10 or 15 £, € or $’s…..compare that to the cost of an hour long bus ride….pretty expensive eh? Your actual cost per mile or km could still be quite low at 0.40 or 0.50 £,€ or $’s.
Basically cars are expensive, polluting and inefficient as a means of transport but very flexible and convenient at the same time. From the frugal point of view it is good to have an awareness of your travel costs and the costs of the alternatives, this way you can work out a plan that saves you money and, hopefully, is has a lower environmental impact.
We all know that cars are expensive, cause massive pollution and are overloading the worlds road networks. Public transport and taxis are useful but lack the flexibility in journey pattern for mass uptake in a modern society. So what are some of the alternatives?
- Walk- For journeys of one or two miles or km’s this is great
- Rickshaw (Normal or solar assisted electric) – Lots of big cities like London & Lyon have these now…cheap & efficient pedal power
- Bike – Great for 5 to 10 mile or km commutes…beats a car in city traffic
- Trotinette - Fold up portable scooter, twice the speed of walking
- Unofficial Car Share with Friends – Try to find a friend or neighbour who has a similar travel pattern to you
- Official Car Share Scheme – Most big towns have these car rental type schemes, just Google it
- Cycle Hire(eg Boris Bikes) – Some towns and cities now offer free or low cost community bike use….just use it for the journey you need
Use some lateral thinking and see if you can come up with a solution that works for you, has a lower environmental impact and saves you money at the same time. Using the car cost calculator is a good way to start the process!
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