8 Things Your Family’s Second Car Doesn’t Want You to Know (Shh!)

You’re so busy; you can’t do without owning a second car. But is it a necessity or just convenient? Here’s

You’re so busy; you can’t do without owning a second car. But is it a necessity or just convenient? Here’s the tradeoff:

  1. Your first car spends more than 95% of its life parked. (The average car is on the road about 0.8 hours a day; second cars are driven even less than first cars.)
  2. In the first five years of your second car’s life, it will cost you about $8,469 a year, on average, to own and operate.
  3. That’s $23.20 a day, whether you use your second car or not, or four Grande Vanilla Lattes from Starbucks.
  4. If you live and work in urban Honolulu, it can cost an additional $500/month, or $6,000/year, in condo and work parking fees.
  5. In just one year, your second car will cost you $8,469 + $6,000 = $14,469.
  6. $14,469 = 2,894 vanilla lattes (that’s one latte every day for the next eight years!)
  7. Or roundtrip tickets from Honolulu to London, Bali, Buenos Aires, Barcelona, Osaka, Reykjavik, New York, Sydney, and then Singapore. One after another.
  8. Or you could pay off 40% of the average student’s loan debt.

When you book a Prius as a Hui member, it costs about $9.95 an hour and you’ll only be paying for the times when you use it with gas, insurance, maintenance, cleaning, depreciation, and storage are always included.

So, to recap, $14,469 ÷ $9.95/hour = over 1,400 hours of driving time. And, at our day rate of $79.95, that’s enough for a weekend adventure, every weekend, and $3,000 extra for your next trip off the rock!.

See you in Bali!