“I’m downsizing my car” is a phrase that car dealers hear a lot from buyers. People often get to a stage where they are considering a smaller car than they currently have, for a variety of reasons. Often it’s empty-nesters who no longer need to take the kids to school, footy practice, swimming lessons, camping holidays and so on. Other times it’s for reasons of economy – “My current car costs me too much to run” is a phrase commonly used in conjunction with downsizing. But there are a few important things to consider when downsizing your car.
Now I’m a big fan of small cars. gifts for kids I like the way they are lighter, more agile and more nimble to drive than big cars. They are easier to park, usually cost less to run, tend to have less expensive tyres, brakes, and so on. If I had a choice of two similar cars, I’d almost always take the smaller one – down to a point. There is always a point when a car is too small for your needs, and it’s important to know where that point is before you plunge into downsizing your current car for something smaller.
How small is too small?
If you are looking at downsizing your car, chances are it is because you have been upsizing your car in the past. And that makes sense – you needed a bigger car to fit little Jessica’s cello and little Johnny’s cricket bag, and now they’ve moved out of home. But you probably also found that extra space handy when you needed to go to Ikea, or pick up supplies from the gardening centre, or travelled away with friends for the weekend. A smaller car won’t be as suitable for those sort of things, and some people find it much harder adjusting back down to a smaller car than they did getting used to a larger car. My own parents went through this exact issue a few years ago in Australia, when they replaced their large V8 family car for a smaller, more economical 4-cylinder hatch. Their regular interstate road trips with friends didn’t work very well, as it was a real squeeze fitting five adults and their luggage into their new car. Sure, they could have hired a larger car for the weekend, but it was a hassle they hadn’t really thought about at the time of purchase. So consider carefully what you need to fit in your new car and how much you are prepared to compromise by downsizing to something smaller.
Is downsizing your car a false economy?
Smaller cars usually cost less to run than larger cars, in terms of fuel, registration and consumables. New cars are usually cheaper to service than older cars, both in terms of the cost of each service and the regularity with which servicing is required. But that doesn’t necessarily mean it’s a guaranteed money saver to buy a smaller car, especially if the alternative is to keep your current car. People often change their cars because they get frustrated with a spate of large bills on their current car, and this often coincides with a desire to reduce their motoring costs by buying a small car.