It’s a weird question to ask a car nut.
For automotive enthusiasts, a car isn’t just a mode of transportation.
It’s a dream come true when you can look down at your driveway at the row of cars you’ve always lusted after.
How do you explain that kind of passion in any way that’ll make sense to the uninitiated?
Certainly, if you don’t have enough space to park your cars you have too many. But if you can keep up with the insurance, registration and maintenance.
Then the number of cars you’re allowed is limited by your desire – just ask Jay Leno.
And to the consternation of the uninitiated, there are practical reasons to own more than one car which we’ll explore now.
Owning more than one car is more affordable than you think. While there is more to owning a car than the initial sticker price.
The cost of fuel and general maintenance isn’t that much more expensive than owning one car.
And the increased cost of things like insurance, registration and taxes is relative to the car you want to add to your repertoire.
Even adding a car like a Lamborghini Gallardo to your fleet doesn’t dramatically inflate these costs.
2. Wear and Tear
Assuming you weren’t going to add more miles to your driving routine.
Owning more than one car allows you to split the wear and tear between two cars.
And you’d be spending pretty much the same amount on fuel depending on the fuel economy of the respective cars.
Speaking as a car fanatic, while owning more than one car is a dream come true. A practical reason for owning multiple cars is necessity.
For instance, let’s say my wife is using one of our cars on a day trip with her mom and our dog swallows a chicken bone and needs to be rush immediately to the vet.
I have the confidence of knowing that I can save Benji’s life because there is more than one car at our disposal.
Worldwide, Toyota moved 9.51 million Camrys in 2021.
People buy Toyota Camrys because they’re reliable, comfortable and make excellent commuter cars.
And even though the current powertrain options and styling is livelier than ever before.
No one buys a Camry because they’re fun to drive. If driving for you is more than just a way to get from A to B.
A second car like an off-road vehicle gives you the freedom to explore steep passes without damaging the car you need for work on Monday morning.
My wife and I bought our first car together at the end of 2015. It was a good reliable car that allowed us to drive 80,000 miles in six years collectively.
But it wasn’t without oil changes, wiper changes, tire changes and small issues here and there.
Last February we bought a second car. In eighteen months, we’ve only put 15,000 miles on it including a 500-mile trip we took last summer.
We’ve only had to change the oil and tires once.
Although there are costs associated with owning more than one car, if one of those cars can generate income for you.
The money it brings in can be used to offset the cost of owning more than one car.
In France, for example, carpooling is a popular means by which to offset vehicle ownership costs.
In America, apps like Turo allow other people to pay you for borrowing your car. Many people have been able to pay off a car loan by renting their car to others.
7. Plan B
Car problems crop up at the most inconvenient times.
I had two cars when I was in college: a ten-year-old Nissan Maxima I bought cash and a Ford Focus I acquired through financing.
Though I enjoyed driving the Maxima with its more powerful engine and five speed transmission.
Constant wear and tear meant that even regular maintenance started to stack up given the car’s high mileage.
Which is what prompted me to buy the second car. I could use the Maxima for fun and if it incurred any issues during the weekend.
The Focus was still available for school and work during the weekday.
When is a car considered an asset?
When it can make you a lot of money. By and large cars are not investments as they depreciate over time.
However, limited edition models, vintage cars and vehicles with a cult following can increase in value.
Making them something of an investment if you know when and what to buy. And more importantly, when to sell.
Two great examples of cars with a cult following that have gone up in value are the Toyota Supra and Toyota AE86.
A limited edition MK4 Supra recently went on sale for over $100,000.
9. Large Families
My siblings and I spent a summer with my cousins. Altogether, there were my four cousins. Plus, another cousin. And the three of us.
Although we were all below driving age, we all had places to go and schedules to keep.
This was the late 80s and were it not for my uncle and aunt’s Chevy Celebrity and Chevy Chevette which allowed us to split into groups.
Transporting everyone where they needed to be on time would have been impossible.