I’m going to get rid of one of my two cars.
Honda is forcing me to.
The lease on my 2004 Odyssey EX is up on April 19, 2008 and, sadly, my family and I must part with it.
It’s been a great vehicle.
Reliable, comfortable and safe.
So, why am I not replacing it? The reasons are simple.
First, my wife and I work out of the house. Not a bad situation if you can get it. We measure our daily commutes in feet, not miles. I’m a public relations consultant; she’s a project manager. I do have to go see clients, but I spend most of my time serving them from home. My wife on the other hand doesn’t need to go to an office at all. As for kids, we have a ten-year-old son and 7-year-old daughter. No tussle for keys there.
The second prevailing factor is proximity to an Avis rental office. It is literally a half mile away from our house as the crow flies. If I need a car, I can get one for about $45 a day. Even if I rented one once a week, the total is still far less than the $500+ I’d be shelling out monthly for a new car that, with the exception of grocery shopping, would just sit in my garage. Add the price of insurance and the liquid gold cars run on and you are talking significant savings.
So, without a commute and easy access to wheels, buying a new car right now just doesn’t seem to make a whole heck of a lot of sense.
And finally, we just weren’t that thrilled with our new car options. We’re attempting to downsize in the face of high gas prices that are here to stay. More on what models we looked at and why we balked in a later post.
So, here’s the experiment. We are going to see if we can hold out without a second car until September 19, 2008. I chose this date hoping a 2009 model will better fulfill our purchasing criteria. I’ll regularly report on how we’re adapting, including the highs and lows on family harmony and patience, as well as a running tally of what we’re saving.
Will we cave early to our perceived need for unencumbered mobility? Will we buy new, or buy a cheap beater? Being the suburbanites we are and the community where we live (Naperville, IL), I’m anticipating some bumps along the way.