Is it still worth owning a car in 2021?

Having a car in the garage was synonymous with independence in the not-so-distant past. But just like other aspects of life, such as housing and others that involve a more dynamic lifestyle, trends change. These days, many people wonder whether it's still worth having a car or whether it's better to save the money and investing in real estate well located.

In this article, you'll be able to analyze some important and crucial points to take into account before deciding to own a car and decide whether or not it's worth betting on your own vehicle for transportation. Follow along!

Cars got more expensive in 2021

Both new and used vehicles have seen a significant price change in 2021. The pandemic has had a major impact on the industry, causing factories to shut down and a consequent shortage of parts.

This has also caused a drop in the stock of used cars, making them scarcer on the market and thus increasing their value. To give you an idea, a popular vehicle such as the Volkswagen Gol 0 km can be worth R$ 90 thousand.

It's important to think about monthly and annual expenses

When you talk about the cost of a car, you immediately think of fuel, right? But it's essential to put other figures on the tip of the pencil to arrive at a result. IPVA, for example, is a compulsory tax, as are DPVAT and licensing. IPVA is paid every year and costs between 2% and 4% of the car's total value, depending on the state. 

In addition, the cost of insuring the vehicle, maintenance or servicing, which are also paid annually, as well as other costs that may be necessary, such as parking and washing, must be included in the bill.

Another factor to factor in is the vehicle's depreciation, which can average 12.5% per year.

I've decided not to have a car: now what?

The big tip for those who decide not to have a car is to living in a good location. In addition to looking for a property that is close to metro stations, it is also important to check the bus lines that pass through the area and also the ease of access routes that lead to various parts of the city, if you need to get around by car app.

Another point is to get a public transport card. Many of them, such as in São Paulo, offer discounts on tickets and help you save even more on your daily commute.

Not having a car is a choice that can help you save a lot in the medium and long term. And with that, you can still invest in a good apartment, strategically located for everything you need.

Would you like to see some of the developments close to the metro? Handy Paradise, Ascent Paulista Select e Pulse Higienópolis and see how location can be the key to good urban mobility without a car!