Travel is one of the best investments you can make in yourself. It broadens your perspective, enriches your life, and introduces you to people, cultures, and experiences you might never encounter otherwise. But if you catch the travel bug and decide to downsize in favor of a travel-focused lifestyle, practical questions quickly arise. What should you do with your most valuable possessions — and in particular, what should you do with your car?
Option 1: Sell the car
Selling your car may be the best option if you need the cash to fund your travels and you don’t foresee needing it much in your future travels. The best way to sell a car varies depending on factors such as the vehicle, the timeframe, and your preferences. For example, you could go for a private person-to-person sale, list your car on a specialized online car-selling site, or go through a dealer. For a quick sale, a dealer might be the right choice, but if you aren’t pressed for time, you might fetch a higher price through a private sale.
Option 2: Rent or Share Your Car
Another option to consider is renting or sharing your car. In fact, carsharing is becoming increasingly popular with eco-conscious people and those who don’t want the long-term commitment of car ownership. It’s also a good way to turn your vehicle into a money earner while you’re away. However, do take into account that this could result in significant wear and tear. While most people will be responsible, it’s still likely that your car will be at least a bit more battered when you return than it was when you left it.
Option 3: Long-Term Parking
If you decide to keep your car but don’t want to lend it to strangers for temporary use, long-term parking could be an option. This option is ideal if your travels are temporary and you intend to use the car frequently when you return. Explore your local options for secure long-term parking, balancing cost with security. However, remember to arrange for someone to turn on the car and drive it every so often to prevent the mechanical issues that can arise from long-term immobility.
Option 4: Handing Your Car to Family or Friends
Many long-term travelers leave their cars with family or friends. This option puts your vehicle in the hands of a trusted person and could help them as well if they can make use of a car. Make sure the necessary insurance is in place to protect both parties and agree on terms for usage and maintenance.
Option 5: Donate or Scrap the Car
If the car’s value is low and you haven’t found other viable options, consider donating it to charity. Some organizations accept car donations and use the proceeds for charitable purposes. Alternatively, you could simply junk it, especially if its age and condition mean it’s no longer reliable or safe to drive.
Take Time to Consider Your Options
Ultimately, the decision boils down to your individual circumstances, travel plans, and the type and condition of your car. Whether you put it up for sale, rent it out, or park it long-term, thoroughly evaluate your options before making a decision. Understanding what to do with your car when downsizing could make your transition to a travel-heavy lifestyle smoother and more enjoyable
