4 ms·
I guess that's true. I'm not saying an 8-mile commute and a $30k car is where the line is either, though. That was just my situation roughly, and Uber wasn't a
by chjohasbrouck 10y ago
I guess that's true. I'm not saying an 8-mile commute and a $30k car is where the line is either, though. That was just my situation roughly, and Uber wasn't a little less expensive, it was a LOT less expensive. Like, roughly 60% less expensive than owning the car when you factor in things like tread wear, depreciation, and the value of your time. And that's with no lease, no loan, and minimal insurance.
The true line right now (where car ownership becomes more expensive than Uber) based on my experience is probably closer to an 8-mile commute and a $15k car. That line gets much lower when you add in things like financing, overpriced insurance, and leasing, which do affect a majority of the population.
I should actually do a writeup about this. I have access to all my numbers on it but I've only ever done rough estimates (which were clear enough that choosing Uber/Lyft was obvious). Now I'm curious to see exactly how the costs compared.
- seanp2k2 10y agoPlenty of people in the valley also commute in a brand new M4, Tesla, Porsche GT3, etc. >$70k cars used for commuting might not be the norm, but look around some BigCo parking lots....I'm sure that the average is much higher than $30k depending on the company.