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I posted this as a comment to another thread but thought that perhaps it would be better as a full blog post.

The economics of car travel are changing, and with them is the concept that if you want to get where you want, when you want, you need to own a car. Not only is it no longer the only way, in many cases going without it may be the cheaper way.

Before you pooh-pooh that idea, the math is startling. Take this blog post for example: https://techcrunch.com/2014/09/01/when-does-uber-become-cheaper-than-owning-a-car/

Crunching the numbers and taking everything into account, including opportunity cost, parking tickets, everything, the author determined that owning a car and driving it everywhere would cost $12,744 per year as compared to $18,115 per year to exclusively use Uber for transportation. This is assuming you drive the average amount per year (and its based on LA numbers).

The threshold that study found is that if you travel less than 9,481 miles per year, it is cheaper to use Uber.

This information isn’t part of the widespread conscience of our country right now, but I expect it to become far more prevalent over the next decade. Maybe it’s time you considered whether you should ditch the car.







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