from mid-1998 until october of 2003, i did not own an automobile. there was a brief period of anxiety about what living without a car would be like. what i came to discover was a vast amount of disposable income that began to flood my bank account (o.k., not flood, but more than a gentle trickle).
all of a sudden i had another few hundred dollars each month. there was no gas, no maintenance, no insurance, and no loan payments (although at the time of my de-car-ification, the 1993 geo tracker was paid in full--yes that's right, a geo tracker).
the loss of my car became a great liberating factor. a bit of a luxury, it may seem, as at the time i owned second generation curbside recycling in ames, iowa-- a bicycle-powered curbside service utilizing bicycle, custom bicycle trailers by jim and joan at bikesatwork.com. the town i was living in was 5mile x 5mile square of uber-flatlands amidst cornfields.
this did not limit my mobility, as one might argue it would. to the contrary, by bicycle i moved my home from ames, iowa to portland, oregon. partially fueled by curiosity, partially drive for adventure, and partially by the extra funding that i was able to save up after liquidating my automobile.
looking at jim and joan's site this evening, i found an interesting sublink that totals your costs of car ownership, and calculates how much money you could save accumulated over years in a low-percentage account.
in 2003, my lovey and i moved back to oregon from japan and decided to purchase a car together and travel across the states together, motoring our way to our new home of baltimore, md. we bought a $2,400 subaru legacy wagon from the portland rescue mission that a teacher had donated. to date, we've been fortunate in only putting minor maintenance costs into our chariot, and managed to rack up the miles to just shy of 175K. our subaru has proven to have been a wise purchase as far as automobiles go. we've been able to conserve resources by using only one car, save moolah by sharing costs, and be able to make trips to places that we otherwise might not have gone. a compromise, perhaps.