While the calendar may say November, the PoP household is already planning for 2014. It’s shaping up to be a banner year for travel; we’re looking at a Berkshire Hathaway shareholders meeting in April, another blogger conference in the fall, and possibly even Burning Man for Mr. PoP in the late summer.
Of course, nothing in life is free, so we’re also thinking how to lower our expenses to pay for all this awsomeness. Mrs. PoP is lining up credit card with great airline miles, and we’re also figuring out how to switch to Ting for our phones, but we’re also looking at some more interesting changes as well. How does everybody feel about moving from two cars down to one?
Introducing… The Q1 Car Challenge!
So we’re not too sure if we are ready to sell Mr. PoP’s Jeep just yet, but its looking like a real possibility for a few reasons.
1. We don’t use it for hauling building materials around like we used to. Once upon a time, when the stock market was in the doldrums and foreclosures grew on palm trees, we spent a fair amount of our time hauling lumber, drywall, shingles, siding and more from the nearest home improvement warehouse to whatever sorry excuse for a dwelling that we were currently resurrecting. Now? Not so much. In fact, we recently saw a car identical to Mrs. PoP’s with a pretty sweet trailer set up that would haul more than we currently need…
2. Mrs. PoP is really enjoying biking to work! This is pretty awesome because it combines a healthy activity that makes her happy and saves money-this is pretty much as good as it gets for ROI. She is getting better at dealing with the occasional rain drops (fenders on the bike, correct gear), and after biking to work regularly for about 6 months she has a lot of miles under her belt.
3. Cars are expensive! This weekend we priced out tires for the jeep-$700, and this was for the mid-market ones! Consumables like tires, oil, and gasoline will continue to increase in price (Mrs PoP – and don’t forget the 6 months of insurance on it we’ll be paying for next month at around $300). Plus at ~125K miles the jeep needs some suspension work as well. If we’re going to get rid of it, early next year is probably a good time. I’m thinking that its worth at least $5K* as well, maybe I’d rather have that money in the market rather than sitting in my driveway depreciating…
So how are we going to do this?
Q1 2014 will be a test to see if we can get away with just driving Mrs. PoP’s car (which is a really nice ride, by the way!); if everything goes well, we will be reasonably sure that we will be fine with just one mode of transportation.
Mrs PoP – I want it noted for the record that the Q1 Car Challenge was 100% instigated by Mr PoP. I am in no way asking him or forcing him to give up his jeep, which in the past he’s been VERY attached to. That said, I think we’re going to be pleasantly surprised at how easy one car is. Looking back over the last week there was only one time that we had both cars in use at the same time, and we could have easily arranged the schedule so that wasn’t the case. However, I’m not going to pretend that I don’t see Mr PoP’s long-game in this. “Sure, let’s go down to one car… but how about we make that one car an NSX?” =)
* Note on the car value from Mrs PoP. KBB (which we use for the car values on our balance sheets), puts this thing at about $7.5K in fair condition, or $8.1K in good condition. Whether or not KBB or Mr PoP have a better intuition for what the jeep would actually command on the open market…. well, we may not have to wait too long to see who’s closer.
Do you share a car with your partner? Or go carless yourself? Any tips on making the sharing seamless?