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Reply to "Cost of a car and HHI/NW"
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[quote=Anonymous][quote=Anonymous]I live in DC - four person household, two teens. We drive <10,000 miles per year. In the past 20 years, we've bought/owned 3 used cars. Total purchase price for all 3? $45k. Current car is a 2017 model so we should have 5+ more years of driving it, plus my kids can learn to drive on it. The other benefit of owning one car at a time and buying older models is that our insurance costs are pretty low - around $700/year for comprehensive coverage. It's interesting to read threads like this because I realize how very far we are outside the norm.[/quote] I don't think you're outside the norm for people in comparable situations - live in an urban area, accessible to transit, walkable amenities, etc. When we lived in DC, we only had one car, and it was used primarily to get my kid to her charter school. But now that we're in the burbs, it isn't really an option (though WFH is making us rethink that). [/quote]
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