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You're taking an upper-end Lyft case vs a remarkably low-end ownership case ... and ending up with actually fairly close numbers. Replace some of the chauffeure
by ctdonath 9y ago
You're taking an upper-end Lyft case vs a remarkably low-end ownership case ... and ending up with actually fairly close numbers. Replace some of the chauffeured trips with cheaper paths (bike, hoverboard, bus, telecommute), and use more normal/realistic car costs (purchase around $20,000 over less than 10 years). Result will be much closer numbers; throw in issues like urban parking (very expensive) or higher fuel costs, and suddenly Lyft/Uber become much preferable.
- burlesona 9y agoThis is exactly what I thought. Of course one can purchase a beater car for a small amount of money, but the cheapest car I ever bought was $3000 and I recall spending $500-1000 a year on 1-2 breakdowns a year. The inconvenience of the breakdowns was actually worse for me than the cost of repairs, as (at that time and living in that place) I couldn't get to work when the car was broken down, so I lost income in addition to losing cash for maintenance.