In today’s financial climate people are looking at ways to cut back on living costs to save money and having a car for many people is essential, however for some others it is a luxury providing freedom and convenience. Therefore this article explores why some people are choosing to trade in the freedom and convenience in a bid to save money and use car hire as an alternative method of transport.

Firstly you must consider the most obvious and main advantages gained. By selling your car you will no longer face the everyday running costs. There will be no fuel to pay for, no parking or inner city congestion charges, and of course you will no longer have to service or repair your car. These savings will really make a difference to your bank balance. On top of the everyday running costs you will also save money on the standard charges such as road tax, car hire insurance and depreciation of your vehicle. These are where you will notice the biggest difference as these costs can run into thousands each year, especially if you are a driver without a ‘no claims bonus’.

Though the above are the major savings to be made by selling your car, you could also reap other benefits from renting your parking space where space is limited to someone who is willing to pay for it. This earning potential would contribute for paying for alternative transport methods including car hire. Well let’s face it, you don’t want to give up your freedom entirely and you will still need a car for occasions such as going on holiday. Therefore why not rent a car just when you most need it. Most city workers can manage perfectly without a car during the week as public transport will take you into the city.

Additional benefits to ditching your car in favour of using car hire are that you need not worry about repairs and maintaining your vehicle. Reputable car hire companies will maintain a fleet which is no more than 2-3 years old before replacing them with new cars. You will always be driving a relatively new car which should be maintained and reliable. Because you save money by not having a car, when you rent one you will be able to choose a more expensive model and enjoy a more luxurious car and drive in style. On top of this you will actively be helping to reduce your carbon footprint which concerns us all.

Though there are definite advantages to be had from selling your car, if you use your car daily selling it might not be an option. However if you live near the city and work central then this is surely worth some thought. After all isn’t it worthwhile to save money and reduce your carbon footprint?

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