1. Cars are expensive. The average new car costs over $35,000, and the average used car costs around $20,000. Even if you finance a car, you’re likely to end up paying thousands of dollars in interest.
2. Cars depreciate quickly. As soon as you drive a new car off the lot, it starts to lose value. After five years, a new car is worth only about 60% of its original value.
3. Cars require a lot of maintenance. You need to change the oil every 5,000 miles, get tune-ups every few years, and replace the tires every few years. All of this can add up to hundreds or even thousands of dollars a year.
4. Cars are dangerous. Every year, over 40,000 people are killed in car accidents in the United States.
5. Cars pollute the environment. Cars emit greenhouse gases, which contribute to climate change.
6. Cars take up a lot of space. If you live in a city, you know how difficult it can be to find a parking spot. And even if you have a garage, it’s likely that your car takes up a significant portion of it.
7. You can live without a car. If you live in a city, you can get by without a car. There are plenty of public transportation options, and you can always hail a cab or use a car-sharing service like Zipcar.