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They're certainly not driving cars; A car has high upfront costs in purchasing and insurance. High usage costs in gas, and maintenance. High volatility in maint
by smileysteve 9y ago
They're certainly not driving cars; A car has high upfront costs in purchasing and insurance. High usage costs in gas, and maintenance. High volatility in maintenance and accidents. And high downtime in times to have a shop fix it correctly.
- romwell 9y agoFor my first car (2011), I was paid $1500 out of pocket, about $100/month in loan for 2 years, $40/month in insurance and about $80/month in gas, including out-of-town road trips and driving to airports 200 miles away. That was pre-Uber, but last time I took an Uber in that town, it was about $10 one way for "short" distances (e.g. 4 miles to go to a grocery store - things are spread out in TX). The car never had a high maintenance downtime (and only one fender-bender in the 7 years of ownership), and I can't account for maintenance; think it'd be under $80/month. So we have about $300/month for car ownership, or about 10-15 Uber roundtrips/month. I'd say, there's no clear-cut conclusion here.