Wednesday, September 19, 2007

INSEAD Transportation

Having a car in Fonty is practically a must. Some try to get by without which requires not only living in Fonty proper but also constantly relying on friends for lifts to house dinners/parties or missing out on the fun.

Most students take up a lease for the year of a Citroen or Peugeut (see pic for the standard issue silver C3). This runs about 4k EUR for the year but takes care of all insurance and registration issues that I for one wanted to avoid. You can also buy a wreck from a graduating student for the 1-3k EUR range, but then you should be a risk taker because these things are really on their last legs. Plus you must consider the addt'l costs of insurance and registration.

One other strategy I've seen is buying a nice used car w/ the intention of selling it at the end of the year for a write down of less than a leased car would cost. Not such a bad idea if you have the extra 15k EUR laying around for the 5 yr old Mercedes CLK convertable. Looks a lot more fun to drive than these Citroens.

Insurance is a must out here! I think the number of accidents in the forest each year w/ wild boars and the occasional stop sign impact a huge percentage of the class, I know one of our classmates is already driving arround in a Peugeot mini-van while his crashed car is in the shop.

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