Owning a Vehicle
Repairs. At some point you will need to make repairs on your vehicle. You
can budget a small amount of money for this every month so that you can be
prepared when there is an unexpected repair.
Fuel. Fuel prices fluctuate greatly. Expect prices to continue to go up over
time.
This tool from the CAA can help you figure out your driving costs, http://caa.ca/
car_costs/. It takes into account the cost of fuel and depreciation of the vehicle.
That’s right – every year
the value of your vehicle
decreases.
Now that you know the
costs to operate a vehicle
you will have to find one!
You can purchase a used
vehicle, or if you choose
to buy a new vehicle, you
have the option to lease.
Not sure whether you
should lease or
purchase?
This tool can help you
figure out the cost difference
between the two options,
https://www.ic.gc.ca/-bc/ssc/vehicle.html?lang=eng app/scr/oca
Other costs. Car washes, cleaning supplies etc. These may seem minor but
they can add up over a year.
Photo via VisualHunt.com
Kootenay CarShare
If you would like access to a vehicle but don’t want the commitment of owning one,
why not check out the Kootenay Carshare? There is a membership fee to join. It
can give you access to a vehicle without the full expense of ownership. One must
be over the age of 16, and have three or less minor driving infractions in the last
three years on your Drivers Abstract. For more information go to the following
link: http://www.carsharecoop.ca/car-locations/revelstoke/
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