The car industry is changing. Thanks to the introduction of self-driving cars and ride-sharing services, owning a car in 2021 might not make sense for many people. So, if you're thinking about buying a new car or keeping your current one, here are four reasons why you should reconsider:
It Is Expensive
You have to pay for the insurance, gas and that's before you even buy your first tank of gas. In addition, if you are leasing or financing your vehicle, you will also be paying interest on its purchase price over time which increases the cost dramatically. These costs can add up quickly depending on how much fuel you use and how much insurance you pay, which means that owning a car may not be worth the expense.
If you consider owning a car soon, you should consider the costs and benefits of owning one before making your final decision.
On the flip side, if you have a car that you’d like to get rid of, the quickest way to sell it is to post it on a Used Cars website for a quick buck.
It Is Inefficient
The number of vehicles on the road has already outpaced parking needs, resulting in traffic congestion and higher fuel costs, contributing to higher rates for insurance companies.
In addition, owning a car provides you with no benefits for contributing public transportation and can lead to expensive repairs that you cannot cover with a warranty. You can also save on the cost of gas by using alternative means, such as a bike or public transportation services like Uber and Lyft.
The Future Is Self-Driving
In 2021, the future is self-driving. The costs of owning a car will be too high, and fuel availability will diminish. With more people living in urban rather than suburban areas, commuters are choosing to travel by bike or public transportation. This means that it's no longer necessary to own a vehicle if you live within walking distance of your work or commute.
Automakers are investing in self-driving car technology. With the advent of electric cars, there will be a lot less demand for gasoline and oil. Electric vehicles can charge up at home overnight or during lunch hours without having to stop by an expensive gas station on your way back from work. Therefore owning a car is no longer necessary.
Freedom Because Owning a Car Is an Illusion
The freedom of owning a car is an illusion because you are still beholden to the whims of public transportation, fluctuating gas prices and traffic.
Owning a car means paying for low-value time (driving around town) and not using your money in other ways that could provide more value - for example, investing so that you don't have to work for the rest of your life.
No car also means you'll find it easier to get around without owning a car because busses will come much more frequently than they would if there were thousands of vehicles on the road.
As you can see, there are many reasons to move away from owning a car in 2021. The cost savings on your wallet and the planet will make it an easy decision for most people. Although not all of these points apply to everyone, they do apply to many people. So reconsider.