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Owning a Car in the City

Living in the City
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Millions of people across the world own cars. For individuals that live in a major city – owning a vehicle can become a significant expense. Anyone that is thinking about owning a car in the city needs to analyze the pros and cons. For instance, if you plan on living in the city and you would like to have a car – you need to ask yourself a few questions about the necessity of having a car.

Things to think about


The first question you need to ask yourself is going to be the location you plan on living in the city. Will you live in a building that provides parking? If you don’t live in a building that includes parking – do you have any parking garages with available spots? Believe it or not, this is a significant problem for anyone that is trying to own a car in the city. Parking garages have limited places, and the rates can get extremely expensive based on the demand for parking.


The second question you need to think about – how often do you plan on driving? If you live in the city and you are fortunate enough to be within walking distance from your employment, will you drive often? For certain individuals residing in the city at specific neighborhoods and locations, often, all of the necessities and amenities are right in the local area. Some people prefer to walk and get everything done, but in some cases, an automobile makes everything that much easier. You need to evaluate whether or not you will be driving frequently.


The third question is going to be the cost. Do you have the budget to afford owning a car in the city? Think about how much money you will spend on fuel. In Manchester, the annual cost spent on fuel is just under $1200. This may not seem like much money, but you also need to think about the price per gallon and fluctuation going up or down. If you plan on using your vehicle for commuting, you need to anticipate your annual fuel cost to be relatively expensive.


city parking
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Parking is also going to be another expense. Annually, you can expect to pay just under $230. However, this can also change dramatically, pending on the location of the parking garage. You may get lucky and end up with a building that has parking, but often the rent can be extremely and safe. Residents can also factor in paying for a permit that costs approximately $785 per year. Let’s not forget the cost of insurance either. This is going to vary depending on your driving record and the type of automobile that you are driving. A rough estimate for insurance is going to be approximately $1125 per year, but do not forget that this can be dramatically different if you decide to own a sports car or a very expensive auto.

Car Ownership in the City

Owning a car in the city is a wonderful amenity, but if you are living in Manchester or even in London – a vehicle that is paid off can cost almost $3500 annually. If you decide to purchase a new automobile, then you can expect all of your expenses to be higher. Some individuals that live in the city prefer to lease an automobile because most of these people enjoy driving, or they are using the vehicle for employment reasons. If you are thinking about leasing an automobile, then this is going to be a much higher expense, because lease contracts generally have requirements as far as insurance coverage and vehicle maintenance. It is wise to take your time trying to decide if you plan on purchasing an auto or leasing a vehicle.

Public Transportation

Public transportation
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Another important factor that anyone living in the city needs to remember is public transportation. This method of getting from point A to point B isn’t for everyone, but it is a practical way to get to work, or if you plan on going to an event – you will be able to utilize public transportation at a fraction of the cost. Owning a car in the city can be difficult, but if you enjoy getting away on the weekends to explore your area – owning a car can be a blessing. The best way to make a decision is by making a list of the benefits. You need to think about if you are going to use an automobile enough or is renting a car a better option?


The cost of living in Birmingham with an automobile, excluding automobile payments, is one of the highest amounts. Not even factoring in the type of automobile – anyone thinking about owning a vehicle in Birmingham can expect to pay just shy of $3327 annually, which is rather expensive. Not to mention, there is no guarantee that you will be able to find a parking garage close by. Certain individuals end up having to pay for parking their car a few blocks away. Is that something you could live with? It is a tough call when trying to figure out a way to afford an automobile, but trying to find a place to park an auto in the city can be even more difficult.