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I bought a bike here many, many years ago during the bus strikes. Used to cost me £40 a month on them to get to work, they were always late (and in turn made me late for work). Driving costs about the same or more as the buses here, but you get stuck in traffic as you cant use the buslanes. So for the first year I saved nearly £500 just by not using the buses. I also got to work early and lost a lot of weight.
I like that you included value beyond just immediate monetary