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You explicitly need to include the cost of fuel. So what is the scarier number?
by sethherr 3y ago
You explicitly need to include the cost of fuel. So what is the scarier number?
- fbdab103 3y agoThere is a distinction between ownership and usage. By simple fact of owning a car, I have some $1-2k annual fixed costs (insurance + registration + minor maintenance). Gas scales with the utilization, which is lifestyle dependent.
- sethherr 3y agoBut if you’re comparing to switching to a different mode, you have to include the cost of gas. That’s what this article is about?
- fbdab103 3y agoI think the math on car ownership is more complicated than $X to own vs $Y to rent on demand. Being able to take an impromptu trip without any coordination is worth significant quality of life. It typically takes 5-10 minutes for an Uber to arrive at my door. Not to mention the few times where the driver has cancelled the ride, and left me waiting for a new one to be assigned. Especially troublesome when you are relying upon this service to make a hard deadline at the airport.
- sethherr 3y agoGreat. There are ways around that, ultimately you can work that into the model as a discount. Pretending that fuel isn’t part of the equation doesn’t help though.
- steve_adams_86 3y agoThis seems tough to factor in at the individual level, since usage costs will vary dramatically. I suppose the same applies with rental, but ownership costs won’t very as much. They are difficult models to compare both for cost and practical use reasons. They seem fungible, but in many ways they aren’t. It looks like with fuel considered, my yearly cost rises to about $12k.