On street parking Vs off street parking - London
Discussion
Dear All,
If you car was worth circa £50k, would you:
1) Park it on the street and not worry about it.
2) Pay Circa £100-150 per month for an underground parking space.
Half of me thinks that £1200 - £1800 to keep your car 'safe from damage' per annum is quite a lot and I should just bank the money and use it towards any parking scuffs that might occur.
What do the PH collective think?
If you car was worth circa £50k, would you:
1) Park it on the street and not worry about it.
2) Pay Circa £100-150 per month for an underground parking space.
Half of me thinks that £1200 - £1800 to keep your car 'safe from damage' per annum is quite a lot and I should just bank the money and use it towards any parking scuffs that might occur.
What do the PH collective think?
Carlton Banks said:
Dear All,
If you car was worth circa £50k, would you:
1) Park it on the street and not worry about it.
2) Pay Circa £100-150 per month for an underground parking space.
Half of me thinks that £1200 - £1800 to keep your car 'safe from damage' per annum is quite a lot and I should just bank the money and use it towards any parking scuffs that might occur.
What do the PH collective think?
What difference does it make to your insurance? For my car the cheapest option is on the road, and garaged is the most expensive. I reckon bank it and treat the scuffs when they occur, but you need a spreadsheet and some quotes If you car was worth circa £50k, would you:
1) Park it on the street and not worry about it.
2) Pay Circa £100-150 per month for an underground parking space.
Half of me thinks that £1200 - £1800 to keep your car 'safe from damage' per annum is quite a lot and I should just bank the money and use it towards any parking scuffs that might occur.
What do the PH collective think?
Petrol Eddie said:
I see that NCP are doing a residents rate season ticket, where you can park 24/7 in any car park across London at any time for £1000 a year.
Got a link - I can't see anything on the NCP website. That's an astonishingly good rate for NCP.OP - I recommend you get insurance quotes for on- and off-street and see how the straight maths works. Then you can factor in how much the anti-idiot defence is worth to you; and not just for drunken Iberians, but for things like delivery vans, rubbish carts, and cyclists, none of whom will leave their insurance detals under your wipers if they take a lump out of your paint.
For me (Gallardo, W1), the insurance savings paid for the parking rental. Having said that I am looking out of my window and can see two Ferraris, couple of Astons and Maseratis, and Range Rovers without number all parked up and not seeming to suffer.
I used to park my car in a car park in Westminster, about £1k a year with a residents discount. I had to do it initially as my insurers wouldn't cover me on the street. When I had the option to park it on the street I decided to do it.
- Car park is a 5+ min walk away, you will use the car less
- Loading with luggage can be a pain - go to car park, fetch car, drive home, load up, watch for traffic wardens etc etc
- Car gets covered in dust and crap in the car park
- You (might) not have a residents permit and it's a pain to always have to put the car back in the car park and not be able to easily park in the local area.
I've (touch wood) not had any issues on the street - I'd save your money.
- Car park is a 5+ min walk away, you will use the car less
- Loading with luggage can be a pain - go to car park, fetch car, drive home, load up, watch for traffic wardens etc etc
- Car gets covered in dust and crap in the car park
- You (might) not have a residents permit and it's a pain to always have to put the car back in the car park and not be able to easily park in the local area.
I've (touch wood) not had any issues on the street - I'd save your money.
Newc said:
Got a link - I can't see anything on the NCP website. That's an astonishingly good rate for NCP.
OP - I recommend you get insurance quotes for on- and off-street and see how the straight maths works. Then you can factor in how much the anti-idiot defence is worth to you; and not just for drunken Iberians, but for things like delivery vans, rubbish carts, and cyclists, none of whom will leave their insurance detals under your wipers if they take a lump out of your paint.
For me (Gallardo, W1), the insurance savings paid for the parking rental. Having said that I am looking out of my window and can see two Ferraris, couple of Astons and Maseratis, and Range Rovers without number all parked up and not seeming to suffer.
http://www.ncp.co.uk/documents/pdf/london2011.pdfOP - I recommend you get insurance quotes for on- and off-street and see how the straight maths works. Then you can factor in how much the anti-idiot defence is worth to you; and not just for drunken Iberians, but for things like delivery vans, rubbish carts, and cyclists, none of whom will leave their insurance detals under your wipers if they take a lump out of your paint.
For me (Gallardo, W1), the insurance savings paid for the parking rental. Having said that I am looking out of my window and can see two Ferraris, couple of Astons and Maseratis, and Range Rovers without number all parked up and not seeming to suffer.
or google ncp london promotion
Hopefully the link will still work. Its for the forst 1000 customers only and new business only. Works at their premier sites at Grosvenor, Brewer street and Cadogan as well.
Edited by Petrol Eddie on Wednesday 2nd February 14:08
I have three cars in that price bracket (well the M5 used to be 
) and only one garage space. The Aston gets that. The BMWs slum it on the street with lots of other nice cars and also lots of older cars. The only trouble I've ever had has been theft of an M3 nine years ago and having my DB9 keyed when I left it on the street (I am pretty sure I know who did it, but I have no evidence apart from the fact that the guy is a miserable, misanthropic 
).
If you live in London, unless you are ultra rich, ass opposed to merely super rich, you are unlikely to have off-street parking for more than one car.
) and only one garage space. The Aston gets that. The BMWs slum it on the street with lots of other nice cars and also lots of older cars. The only trouble I've ever had has been theft of an M3 nine years ago and having my DB9 keyed when I left it on the street (I am pretty sure I know who did it, but I have no evidence apart from the fact that the guy is a miserable, misanthropic ).If you live in London, unless you are ultra rich, ass opposed to merely super rich, you are unlikely to have off-street parking for more than one car.
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