3 ms·
Time is money. He is saving about 5 hours each round trip. If his time is worth $50/hour, then $8000 for car ownership gets him 32 trips. Add a few more to acc
by burfog 9y ago
Time is money.
He is saving about 5 hours each round trip. If his time is worth $50/hour, then $8000 for car ownership gets him 32 trips. Add a few more to account for the cost of rail ticket prices.
He breaks even if he takes that trip about 3 times per month and never finds any other use for a car.
- cozzyd 9y agowould likely be better off renting with so few trips
- tmnvix 9y ago> Time is money. Consider that this way: the time you spend sitting at a desk to earn the money to pay for your car is commute time. How long does it take the average person to earn 8-9k (after tax)? I think at $50/h that might be an additional 5 hours work per week or an extra hour on your daily commute. For many people it might be more like 2+ hours. Given this, I would be very surprised if most urban dwellers wouldn't have more available time/money if they ditched the car for a bike.