yakers
Thinks s/he gets paid by the post
I have just ordered (it may take to mid July for delivery) a new car a new way. When I was in high school (1960s) I did some handyman work for some wealthy executive types in Gold Coast Chicago. I was surprised that several of them did not own a car. They had standing arrangements with Hertz for a car whenever they wanted one. Well I ordered a new Volvo XC40 on a subscription basis. Like a cell phone contract it is a two year contract, $600 a month but it covers everything except gas. All wear items, maintenance and insurance. At the end of two years I can just turn it in. But wait, theres more, if I like it, at the end of the first year I can get a new car every year. It does push out the contract one year, so eventually one car has to go two years. I do think it is cheaper to buy long term and even a 3 year lease would work out a little cheaper but I was looking at another $35/40K car and realized how much depreciation there is , it would cost as much or more if I wanted to change my vehicle. This is new for me, I think I averaged 10 or 11 years on previous cars and usually passed them on to kids or relatives. But I AM NOT thinking long term, had some serious medical issues and I feel more like George Burns who said, ‘at my age I don’t buy unripe bananas’.
It will be some time as things work through the system but I will report back with whatever insights come from my experience. With all the new safety and electronic systems it may the future not to own cars.
It will be some time as things work through the system but I will report back with whatever insights come from my experience. With all the new safety and electronic systems it may the future not to own cars.