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Cost of an ebike: Ebike (amortized over 5 year): $2000/(5*12) = $33.33 $150/year maintenance $20/year electricity (made this number up... it's small whatever i
by kennywinker 4y ago
Cost of an ebike:
Ebike (amortized over 5 year): $2000/(5*12) = $33.33
$150/year maintenance
$20/year electricity (made this number up... it's small whatever it is)
Which works out to about $47/month.
Cost of a car:
Car payment: $300/month
Insurance: $1500/12 = $125/month
Gas: $62/month (your estimate)
Maintenance: $500/year (again just spitballing - this is low from my experience but idk what the average is)
Comes to: $529/month
The difference $529-47 = $482. Now, idk where you live, but the cost of living a 30min bike ride out from downtown vs a 30min drive is definitely not 10x that $500ish monthly cost. For most people in most areas it's going to be in the range of 1x to 5x. You can quibble with my numbers if you like, but I'm definitely somewhere in the ballpark for most people. You might spend a little less on the car and more on maintenance, or more on the car and less on repairs, etc.
And of course none of this takes into account your time. I've always tried my best to live under 20min commute from work, with my best being 5min, and to me saving that time has always been worth the smaller living spaces I've had to accept to get that. When you're talking about dense cities, that last 10-20min of your driving-commute is usually related to traffic and parking - which you can bypass freely by riding. I suspect if you live 20min drive out and 20min cycle out you're talking about the same distance.
- nomel 4y ago> Comes to: $529/month No. This assumes you're buying a new car every 5 years, which is ridiculous when comparing to relying on a bike and public transit. > Most people in most areas it's going to be in the range of 1x to 5x. The original comment was: > Cars are extremely expensive So it seems that you're agreeing that a bike costs 1x to 5x more than a car, if commute times are held constant, and housing is considered, correct? This was my only point, that, if you calculate the math in a wholistic way, a bike is not cheaper.
- kennywinker 4y ago> So it seems that you're agreeing that a bike costs 1x to 5x more than a car, if commute times are held constant, and housing is considered, correct? This was my only point, that, if you calculate the math in a wholistic way, a bike is not cheaper. No, I don't agree. Because I believe that the relationship between drive time and cycle time is not usually directly proportional - see my point about 20min commutes. I'm serious. It's peak drive time and I just put a 30min drive into google maps (4pm right now) and it gets you 12-15km from downtown depending on where you put the pin. That's around 30-35min by ebike. Add a few minutes to walk from the parking lot (we haven't even talked about parking costs) and you're describing the same distance. All in all we're trying to make an apples to handgrenades comparison here - you can't hold everything else constant and live in two different places. My point is cycling is cheaper for many distances, less time consuming for short distances, and has plenty of fringe benefits. It does require spending more on housing to live closer to where you work, which if that's the city center, may end up either being more expensive overall, or requiring you to live in a smaller home. If you want to live near the city center, that might end up being worth it when you consider all the factors. If you want to live outside the city, it's probably not going to be worth it - in which case I'd urge you to live somewhere suburban but with a good transit system since our planet can't actually sustain this much driving anymore.