by DigitalCubano » Tue 23 May 2006, 14:12:25
My wife and I got into an accident last month that has left us car-free while the car undergos extensive repairs. While I had weaned myself off of the car earlier last year, it was simply the most convenient mode for my wife (work, medical appts., etc.). After some deadbeat stole my bike last Fall, I followed the path of least resistance and just got back to using the car. Of course, it didn't help that we lived in just the right location that driving, biking and mass commuting all took roughly the same amount of time: 45 minutes. In short, even with the higher fuel prices, driving was the easiest choice.
Lo and behold, after the initial shock of being without the car, I would say that we lost only about 10% utility, mostly related to recreation. In fact, I find myself a lot less stressed. The experience motivated me to put a price on the potential cost savings of going car-free in Boston while maintaining a comparable level of utility and convenience. Here are the results:
Monthly Car Expenses:
Auto Loan (2003 Honda Civic): $257.83
Insurance (Estimate...may be as high as $200 post-accident): $170
Fuel (12 gallons @ $2.75 gallon, 5 fillups per month): $165
Total: $592.83
Monthly Car-Free Expenses:
2 Combo passes (Bus+Subway, 1 full price, 1 subsidized via MIT): $106.50
4 Peapod Delivery Fees + Tip (1 major grocery delivery per week): $52
Discretionary Zip Car Use (avg. 5 hrs/month): $45
Total: $203.50
Net Savings: $389.33
Note: Auto expenses are a lower bound. Maintenance, Parking and Taxes were not included. I assumed the frequency we would want to rent a car to get away would be approximately equal to this amount.
I'm lobbying my wife to get rid of the car. She's on the fence and thinks I'm overreacting. She's the real bread-winner in this reverse-nuclear household and I don't think she's fazed by the cost savings.
Anyhow, I figured the anecdote was worth relaying.