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TigerGrad2011
Member since Aug 2016
518 posts

What to do with extra car?
I have a paid off high mileage vehicle that is still in good condition and useful, but just got a job where they are giving me a vehicle to use. I don’t think I could sell the vehicle for much more than $5,000, and kind of want to keep it just in case something happens with the job, but also don’t think spending the money on insurance just to hold the car is wise.

What would you look at in regards to making this decision?


Fat Bastard
Boston College Fan
Member since Mar 2009
37970 posts

re: What to do with extra car?
so the company vehicle is the only one you will have? you do not need a private vehicle for other use? backup? i am so glad i have a 3rd vehicle because we have needed it at times plus we use one for travel. Just get basic liability on it.
This post was edited on 1/11 at 10:17 pm


Skorzany
LSU Fan
Member since Dec 2018
145 posts

re: What to do with extra car?
Affidavit of non use to remove insurance. Start it up once in a while and move it around a bit on your driveway to keep everything moving and tires from getting flat spots. If you need to start using it again just call your insurance company to get covered. Your welcome.


Chuker
Tennessee Tech Fan
Cream & Juke Mines of Nars
Member since Nov 2015
5746 posts
 Online 

re: What to do with extra car?
Having a car sitting around just isn't a good idea. Even if you start it up once a week and run it for a bit. Unless its in a garage I wouldn't do it. In the south a car will get musty and even mildew on the inside if the a.c. is not frequently used.


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756
LSU Fan
Member since Sep 2004
13668 posts

re: What to do with extra car?
donate it to one of the organizations that provide free cars to working single mothers.



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TigerGrad2011
Member since Aug 2016
518 posts

re: What to do with extra car?
It’ll really be a backup. I like the idea of affidavit of non use and just running it around the block every so often. If things stop working, I think it’s at a value where it won’t go down much more, so that might be a good compromise.


brass2mouth
LSU Fan
NOLA
Member since Jul 2007
16365 posts

re: What to do with extra car?
quote:

really be a backup. I like the idea of affidavit of non use and just running it around the block every so often. If things stop working, I think it’s at a value where it won’t go down much more, so that might be a good compromise.


If you drop insurance then drive it off your property you’d be subject to it being impounded for no insurance if you get stopped. (Assuming LA). Just FYI


hungryone
LSU Fan
river parishes
Member since Sep 2010
7920 posts

re: What to do with extra car?
I’d keep minimum insurance on it and drive it once a week to keep things moving. I’m not sure I’d be comfortable only having a company vehicle, unless you live in a city w excellent public transit.


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PearlJam
Auburn Fan
NotBeardEaves
Member since Aug 2014
10404 posts

re: What to do with extra car?
quote:

If you drop insurance then drive it off your property you’d be subject to it being impounded for no insurance if you get stopped.
I wouldn't be as concerned with the potential impounding as the liability if someone accidently got injured.


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Jimmy2shoes
LSU Fan
The South
Member since Mar 2014
5797 posts

re: What to do with extra car?
Insurance cost every month x the amount of use it gets + sell the anchor


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