Originally Posted by
cyccommute
A bicycle that sits in your garage costs you essentially nothing. It depreciates a little but the percentage of loss over time is rather low. A car sitting in your garage loses money constantly. You have to have insurance which is a constant drain. Depreciation as a percentage of value is much higher. Even maintenance costs cost aren't zero if the vehicle sits unused.
Doesn't have to. My 2004 Aveo hasn't been insured except for 1 week in the last 12 month period (our primary vehicle was in the shop, one call to the insurance agent reactivated it for the duration of the repair) AND the kelly bluebook value of the vehicle appreciated by $500!
philip