Why do so many people think renting a vehicle when you already own one is cost effective, or a reasonable thing to do?
The 5 year cost of a fairly base 2020 F150 is ~49k according to Kelly blue book - that’s fuel, maintainence, depreciation, loan interest, etc. The 5 year cost of either a 2020 Civic or a 2020 Chevy Bolt is $37k.
$12k / 5 years = $2,400/year. If you’d spend less than that a year, you’d be better off renting a truck when you need it and driving a cheaper vehicle daily.
Think of how much extra you’d pay for a rental service that dropped the truck off at your house, picked it up, and handled all the annoying things like filling the car up or cleaning it out.
Then, just add that into your calculations. That number is going to depend on how far you live from rental places and how much you value your time. Ballpark it.
The 5 year cost of a fairly base 2020 F150 is ~49k according to Kelly blue book - that’s fuel, maintainence, depreciation, loan interest, etc. The 5 year cost of either a 2020 Civic or a 2020 Chevy Bolt is $37k.
$12k / 5 years = $2,400/year. If you’d spend less than that a year, you’d be better off renting a truck when you need it and driving a cheaper vehicle daily.
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Do you not value your time at all, in this scenario? Renting a vehicle every time you need a truck is a massive time sink.
Think of how much extra you’d pay for a rental service that dropped the truck off at your house, picked it up, and handled all the annoying things like filling the car up or cleaning it out.
Then, just add that into your calculations. That number is going to depend on how far you live from rental places and how much you value your time. Ballpark it.
You are completely out to lunch, my friend.
You are completely out to lunch, my friend.
So if you actually need a truck once in 5 years, would you really spend an extra ~$11k to avoid having to rent it?
Did you forget to switch accounts or something? Why are you replying to yourself?
Also, what a ridiculous scenario. Big vehicles come in handy far more often than you think.