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Also see affordable cars for retirees living on Social Security.
With no daily commute and fewer obligations, one car per household is often sufficient.
Financial Constraints
Many retirees live on fixed incomes, making large purchases like cars challenging.
A new car payment could strain an already tight budget.
The cost usually isnt worth it.
Their body is fragile and it is hard to get in/out of the vehicle.
As we age, driving can become more challenging and even dangerous.
Prioritizing Essential Expenses
Retirees need to prioritize their essential needs before considering a car purchase.
Ride-share options are often cheaper than owning, he said.
Plus, if you use ride share and public transport, its a more eco-friendly choice.
That said, both experts acknowledge that the decision to buy a car in retirement isnt one-size-fits-all.
In retirement, it’s possible for you to often carpool and save on the extra expense.
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