Today I returned my 2002 Chevy Venture Van back to the dealer. The vehicle was leased from GMAC Canada from January 2002 to January 2006, Wolfe Chev were very nice and let me return the van six months prior to the end of the lease.
Since January 2002 I have paid $350 for the lease and approx $120 per month for insurance. The van has cost me about $60 per month in fuel and overall about $500 in maintenance etc.. Since my separation in December 2003 I have never needed the full capacity of the van. At the most I need 3 seats, maybe 4. However, I have decided to try life without a car until January 2006. If succesful I will continue to be without a car indefinitely; it has been done by others, it can be done by me.
In the 42 months I have leased the vehicle I have paid $14,700 in lease payments, $5040 for insurance, $2520 in fuel and approx $500 in maintenance. By returning the vehicle now I will save a total of $3180 over the next six months.
I will be carless for the first time since 1982.
Tuesday, July 26, 2005
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