What is the difference between buying atoy and an investment. When I was younger, I often regarded motorcycles as a type of toy. A thing men, predominantly, enjoyed riding off into the sunset to show off their manliness. That’s shows just how immature I was, unfortunately. Now that gas is €3.60 at most stations in the nation, I am taking a second look at this toy.However, my look is more at the scooters which get 60 mpg and go about 60 mph.
According to the adult electric scooter UK website I have in mind cost about 1 thousand pound and can easily be purchased with your coming tax rebate. (*hint*) The problem is, does this count as an investment or a toy? I mean, I am not the only one in my house. I do have to justify this to my husband.
We currently spend €140 dollars a week on gas in my 1978 Chevy Nova. The Chevy Nova is a big mammoth that carries six and groceries. It however, isn’t as big as some SUV’s. The car goes 140 miles a day. Drinks about a quart of oil a week. Not to mention has a personality only mom can love on wet days.None the less it’s my car, bright yellow and older than me. Luckily you can get electric scooters now for cheap so no need to worry about gas.
140 in gas etc…a week
X 52 weeks total
7280 Total a year
That’s a lot of money when my husband barely makes above 20k a year. I would wager to guess that is about athird of his annual pay. A third of his annual pay goes towards gas.I was reading online that someone said only 3.5% of a persons pay goes towards gas. I’m guessing most people don’t commute as far or they make ten times as much as my husband does. That’s a small loan payment. It could be even a mortgage payment.
By contrast what would it cost to run the scooter 140 miles a day. It would cost €41.40 a week.
42 (for the sake of argument)
2184 Total a year
5096 Total saved every single year!
I think saving twice it’s purchase price and then some every year is an investment, how about you? It won’t carry groceries, but my monster can do that once a month.Either way, you might also consider purchasing a scooter to save on gas. The government says gas should be €4 a gallon this summer. Read about the hoverboard revolution for more info on where we think this is all going.