I’ve recently been thinking about the possibility of selling my car. I’m definitely selling it at the end of the year when I (hopefully) move to Melbourne, but I’ve been thinking of selling it soon for a couple of reasons.
Firstly, it’s not going up in value, and only going down in value. Plus, it’s only going to cost me money in repairs. So by selling now, I’m saving money in repairs and getting more money for the car now than later.
Secondly, by selling the car now, I can put that money into a savings account, and instead of costing it money, it could be earning me money.
On the down side, catching public transport would increase the travel time to an hour (as opposed to 15-30 minutes), and would make things difficult in sharing one car between two people – working out who needs to use it when.
I think that there’s a fair few things to think about, but I thought I’d put it out there to the blogosphere to give their thoughts on the matter. So what’s your thoughts? Hit up the comments to let me know.