I have a car, and its ongoing costs are burning a hole in my pocket.
I hate that I need the car as I use it rarely (i.e.: every day for a month, then not at all for several months on end, then for a weekend, then not for several weeks on end etc), but I can’t find a substitute for the times I do need it.
Given that I use it so rarely, do you guys have any tips on optimizing cost?
I was thinking of renting it out on Sharoo, but there’s a monthly subscription fees, and I’m not sure if the service is used enough in Geneva to even make up that cost.
There’s Uber of course, but the little spare time I have I don’t want to spend driving drunks around.
I’m already doing Blablacar whenever possible.
Any tips? Any insights on Sharoo?
All your input (may that be insurance/maintenance/renting out/whatever related) is much appreciated.
The vehicule is from December 2017, so pretty new.
Well there’s your problem, you bought a new car and even a luxury one. Depreciation alone will be a lot more than all other costs combined. It doesn’t make any economic sense in Switzerland, you’d do it for fun not for money. If money is tight, then secondary market is full of great bargains here and in great condition compared to third world countries
with full casco insurance
It’s not mandatory if you don’t care about scratching it. Liability insurance (mandatory) alone is much cheaper, I pay about 500 Fr. And I’m from a country that insurers here heavily discriminate against. With the right passport it should be even cheaper.
I used their offer to get the box installed for free (costs 100 otherwise) and have been making the car available since November. It is working well so far, November was probably a very good month with about 200 CHF income (from which one should subtract petrol and car/tyre usage - maybe 20 CHF), December has been slower because I had to use the car a bit more often, but already got more than double the monthly fee. So far, good enough for me, but I am planning to evaluate the whole thing after one year or so.
I dont think there is much of a point in selling it, as new cars lose the most value the 1st year and then the 2nd and 3rd year. So the worst is already over from a depreciation perspective.
I think the best you can do in that regard is stretch the lifetime of the car. Of course some things are out of your influence but personally I drive the car responsibly, do proper maintenance, etc. - if you drive the car for more than 10 years, the yearly depreciation is irrelevant.
As for insurance - as hedgehog said you dont need full casco insurance. If you still want to keep it, have a look at Smile Direct insurance, they were a lot cheaper than Axa for me. Also higher deductibles might be worth it when configuring your insurance.
Get an old banger. Get the cheapest insurance. Only fix what’s needed to keep it safe and rolling. Find a cheap mechanic (that rules out any official branded ones), preferably one who will allow you to get parts yourself from Amazon etc. Don’t save on tires and brakes. My long term effective cost per km driven (at 15000km/year) is 0.21 CHF (includes depreciation, fuel, insurance, taxes, repairs at a Swiss mechanic).