Save on Costs and Possibly Generate Revenue Using Your Car

Your car should be treated like an actual investment. Buying and owning one could be considered reasonable especially in a county that is as big as Australia. To date, the country is the second in the world in terms of the number of car ownership.

It has basically more roads per capita compared to any other nation across Europe or Asia. However, you should be aware that buying and owning a car in Australia could be costly, too. You would have to spend a lot on maintaining it. That is on top of the possible costs of high petrol and costly vehicle insurance. You should find ways to save more while owning and maintaining a car. If you are determined enough, you could also generate revenue from it, too.

Commute instead of drive

Most households own and keep their own cars. Despite that, public transportation are still very popular across the country. A research conducted by the Bureau of Infrastructure, Transport, and Regional Economics found that more people have been using the country’s bus transport system in the past several years. This is not surprising given the highly volatile petrol prices.

The study also pointed out that there are millions of passengers that travel now by bus across the major cities like Melbourne, Adelaide, Brisbane, and Sydney. Most of such road trips are short, averaging around 1.7 kilometres or less per person. The urban rail systems and light rail systems are also providing additional and more practical options to travelers.

Car pooling

When petrol prices started hitting up,consumers have been quick to respond to the challenges. Now, it could be common to hear people getting into car pools when going to the office every day. You should talk to your office mates or friends who work in the same vicinity as you do. Try to convince them into a car pooling arrangement so all of you could save on costs.

You may suggest using each of your cars on different or assigned days of the week. Car pools could make it possible for all of you to share the transport or petrol costs. Just be particular about time, as some of your office mates or friends may not be very aware of it, making all of you come late to work.

Rent your car out

You may leave your car at home every day as you take the public transport on your way to work. Instead of having your car idly sit there, why not rent it out? Get into a simple car rental scheme. You may know some friends or acquaintances who may want to rent out your car at specific dates.

The revenue you may generate from the rental could be of great help as you shoulder insurance and maintenance costs. The money could also be used to offset all other traditional costs of owning a vehicle. You may rent out your car on weekdays or even on weekends, if you have no plans of using it for your family outing.