My sister lives in San Francisco and parks on the street. Her apartment complex offers covered (but not gated) parking for $250/mo.
Over the last few months, her car has been damaged twice.
First time: something landed on the hood, something fell out of an apartment unit's window. $2k in damage to the front-end. The person compensated her for the damage.
Second time: window was broken and her radio was stolen. Repairs will be around $400 since I will DIY them.
Her car is older and not in the best cosmetic condition, so to me, paying $250/mo (or $3k/yr) to house a $4-5k car seems silly. As a family, we are split 50/50 on whether it is worth it. Thoughts?
Over the last few months, her car has been damaged twice.
First time: something landed on the hood, something fell out of an apartment unit's window. $2k in damage to the front-end. The person compensated her for the damage.
Second time: window was broken and her radio was stolen. Repairs will be around $400 since I will DIY them.
Her car is older and not in the best cosmetic condition, so to me, paying $250/mo (or $3k/yr) to house a $4-5k car seems silly. As a family, we are split 50/50 on whether it is worth it. Thoughts?