If you’re a city dweller that seldom gets behind the wheel, you’re better off opting for a Zipcar. Which means that ultimately it comes down to your own circumstances. If you made just 16 15-minute trips a week, your annual costs would run you: OptionĪs you can see, how often you use your car and for how long each time largely determines the cost you’ll pay over a year. Your days are packed with running errands, whether ducking into stores for milk, picking the kids up from school or escaping the family for a little bit of “me time.” Throw in a couple of 45-minute trips on the weekend - totaling 12 for the week - and you’re looking at an annual cost of: Option In this scenario, you’ve got a 45-minute commute to work each way. You’re a nine-to-fiver, grinding away with the hope of weekend respite. If you take four 30-minute trips weekly, here’s what you’d spend over a year: Option You may not need a car all that often if you’re a student living on campus. Here’s what specific scenarios will cost you, according to Finder research. Not all your trips will be hourlong jaunts, and you probably won’t need these options every day. 60-minute trips a weekĭoesn’t sound like the trips you’d be making? What’s consistent in all of these hourlong scenarios? Over the course of a year, Uber is your most expensive choice for getting around.īut what if you want to use a Zipcar or Uber as your personal conveyance every day? You’re looking at spending a whole bunch of money you don’t need to, because it’s three times more expensive to take a Zipcar every day and four times more expensive to be chauffeured around in an Uber every day than to own a car outright. In fact, Zipcar is your cheapest option until just after you hit your 12th hourlong trip in a week, when buying a car outright takes over as cheapest. Surprisingly, buying a car works out as the next cheapest option at $7,805, with Uber costing you a whopping $8,971.20 a year. If you plan on getting behind the wheel only a couple of times a week for an hour at a time, a Zipcar membership is your cheapest option at an average cost of $1,236 a year. Two factors played a role in working out the cheapest transportation option among owning a car, Uber and Zipcar: See the end of the article to see how we worked all this out What did we find? Finder ran the numbers for a closer look, comparing the costs associated with owning a car to taking an Uber and cars on demand with Zipcar.īottom line: Depending on how often you drive, you may want to rethink buying that next set of wheels. If you live in a buzzing metropolis, you’ve likely asked yourself whether owning a car is worth the money.
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